GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » STEP Energy Services Ltd (TSX:STEP) » Definitions » Scaled Net Operating Assets

STEP Energy Services (TSX:STEP) Scaled Net Operating Assets : 0.88 (As of Mar. 2024)


View and export this data going back to 2017. Start your Free Trial

What is STEP Energy Services 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.

STEP Energy Services's operating assets for the quarter that ended in Mar. 2024 was C$756 Mil. STEP Energy Services's operating liabilities for the quarter that ended in Mar. 2024 was C$220 Mil. STEP Energy Services's Total Assets for the quarter that ended in Dec. 2023 was C$607 Mil. Therefore, STEP Energy Services's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2024 was 0.88.


STEP Energy Services Scaled Net Operating Assets Historical Data

The historical data trend for STEP Energy Services'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.

STEP Energy Services Scaled Net Operating Assets Chart

STEP Energy Services Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Scaled Net Operating Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.64 0.62 0.79 0.96 0.69

STEP Energy Services 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 0.70 0.74 0.78 0.70 0.88

Competitive Comparison of STEP Energy Services's Scaled Net Operating Assets

For the Oil & Gas Equipment & Services subindustry, STEP Energy Services'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.


STEP Energy Services's Scaled Net Operating Assets Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, STEP Energy Services's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where STEP Energy Services's Scaled Net Operating Assets falls into.



STEP Energy Services 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.

STEP Energy Services'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 )
=(604.734-137.338)/682.532
=0.68

where

Operating Assets(A: Dec. 2023 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=606.519 - 1.785
=604.734

Operating Liabilities(A: Dec. 2023 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=250.971 - 104.88 - 8.753
=137.338

STEP Energy Services'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 )
=(756.012-220.078)/606.519
=0.88

where

Operating Assets(Q: Mar. 2024 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=763.439 - 7.427
=756.012

Operating Liabilities(Q: Mar. 2024 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=364.661 - 132.572 - 12.011
=220.078

* 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.


STEP Energy Services Scaled Net Operating Assets Related Terms

Thank you for viewing the detailed overview of STEP Energy Services's Scaled Net Operating Assets provided by GuruFocus.com. Please click on the following links to see related term pages.


STEP Energy Services (TSX:STEP) Business Description

Traded in Other Exchanges
Address
1200, 205-5th Avenue SW, Bow Valley Square II, Calgary, AB, CAN, T2P 2V7
STEP Energy Services Ltd is an oilfield service company. It provides coiled tubing, fluid and nitrogen pumping, and hydraulic fracturing solutions. STEP has a high-performance safety-focused culture and provides innovative, reliable, and cost-effective solutions to its E&P clients. The group's services are focused on the WCSB, Permian and Eagle Ford in Texas, the Uinta-Piceance and Niobrara-DJ basins in Colorado, and the Bakken in North Dakota.
Executives
Rachel Maureen Moore Director
Edward David Lafehr Director

STEP Energy Services (TSX:STEP) Headlines