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Neo Performance Materials (TSX:NEO) Scaled Net Operating Assets : 0.61 (As of Mar. 2024)


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What is Neo Performance Materials Scaled Net Operating Assets?

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Neo Performance Materials's operating assets for the quarter that ended in Mar. 2024 was C$710.6 Mil. Neo Performance Materials's operating liabilities for the quarter that ended in Mar. 2024 was C$196.1 Mil. Neo Performance Materials's Total Assets for the quarter that ended in Dec. 2023 was C$841.2 Mil. Therefore, Neo Performance Materials's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2024 was 0.61.


Neo Performance Materials Scaled Net Operating Assets Historical Data

The historical data trend for Neo Performance Materials's Scaled Net Operating Assets can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Neo Performance Materials Scaled Net Operating Assets Chart

Neo Performance Materials Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Scaled Net Operating Assets
Get a 7-Day Free Trial 0.63 0.54 0.72 0.68 0.55

Neo Performance Materials Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Scaled Net Operating Assets Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.53 0.54 0.56 0.59 0.61

Competitive Comparison of Neo Performance Materials's Scaled Net Operating Assets

For the Specialty Chemicals subindustry, Neo Performance Materials's Scaled Net Operating Assets, along with its competitors' market caps and Scaled Net Operating Assets data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Neo Performance Materials's Scaled Net Operating Assets Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Neo Performance Materials's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where Neo Performance Materials's Scaled Net Operating Assets falls into.



Neo Performance Materials Scaled Net Operating Assets Calculation

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Neo Performance Materials's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2023 is calculated as

Scaled Net Operating Assets (SNOA)(A: Dec. 2023 )
=(Operating Assets (A: Dec. 2023 )-Operating Liabilities (A: Dec. 2023 ))/Total Assets (A: Dec. 2022 )
=(724.611-217.705)/918.971
=0.55

where

Operating Assets(A: Dec. 2023 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=841.189 - 116.578
=724.611

Operating Liabilities(A: Dec. 2023 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=257.175 - 34.246 - 5.224
=217.705

Neo Performance Materials's Scaled Net Operating Assets (SNOA) for the quarter that ended in Mar. 2024 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Mar. 2024 )
=(Operating Assets (Q: Mar. 2024 )-Operating Liabilities (Q: Mar. 2024 ))/Total Assets (Q: Dec. 2023 )
=(710.555-196.143)/841.189
=0.61

where

Operating Assets(Q: Mar. 2024 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=848.201 - 137.646
=710.555

Operating Liabilities(Q: Mar. 2024 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=269.163 - 63.895 - 9.125
=196.143

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Neo Performance Materials Scaled Net Operating Assets Related Terms

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Neo Performance Materials (TSX:NEO) Business Description

Traded in Other Exchanges
Address
121 King Street West, Suite 1740, Toronto, ON, CAN, M5H 3T9
Neo Performance Materials Inc is engaged in the innovation, development, processing, and manufacturing of rare earth and rare metal-based functional materials. Its operating segments include Magnequench, Chemicals & Oxides, Rare Metals, and Corporate. The Magnequench segment produces magnetic powders used in bonded and hot-deformed, fully dense neodymium-iron-boron magnets. The Chemicals & Oxides segment manufactures and distributes a broad range of industrial materials. The Rare Metals segment produces specialty metals and their compounds, such as tantalum, niobium, hafnium, rhenium, gallium, and indium. Its geographical segments are Asia, North America, Europe, and Others.
Executives
Rahim Suleman Director, Senior Officer