FRX Innovations (TSXV:FRXI) Scaled Net Operating Assets : 0.73 (As of Sep. 2023)

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What is FRX Innovations 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.

FRX Innovations's operating assets for the quarter that ended in Sep. 2023 was C$27.71 Mil. FRX Innovations's operating liabilities for the quarter that ended in Sep. 2023 was C$5.09 Mil. FRX Innovations's Total Assets for the quarter that ended in Jun. 2023 was C$30.96 Mil. Therefore, FRX Innovations's scaled net operating assets (SNOA) for the quarter that ended in Sep. 2023 was 0.73.

FRX Innovations Scaled Net Operating Assets Historical Data

The historical data trend for FRX Innovations'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.

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FRX Innovations Scaled Net Operating Assets Chart

FRX Innovations Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Scaled Net Operating Assets

0.80

0.77

0.76

0.67

0.79

FRX Innovations Quarterly Data
	Dec19	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Scaled Net Operating Assets	Get a 7-Day Free Trial									0.64	0.91	0.86	0.77	0.73

Competitive Comparison of FRX Innovations's Scaled Net Operating Assets

For the Specialty Chemicals subindustry, FRX Innovations'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.

FRX Innovations's Scaled Net Operating Assets Distribution in the Chemicals Industry

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

* The bar in red indicates where FRX Innovations's Scaled Net Operating Assets falls into.

FRX Innovations 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.

FRX Innovations's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2022 is calculated as

	Scaled Net Operating Assets (SNOA)		(A: Dec. 2022 )
=	(Operating Assets (A: Dec. 2022 )	-	Operating Liabilities (A: Dec. 2022 ))	/	Total Assets (A: Dec. 2021 )
=	(31.011	-	5.288)	/	32.598
=	0.79

where

	Operating Assets		(A: Dec. 2022 )
=	Total Assets	-	Cash, Cash Equivalents, Marketable Securities
=	31.77	-	0.759
=	31.011

	Operating Liabilities		(A: Dec. 2022 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	23.603	-	4.889	-	13.426
=	5.288

FRX Innovations's Scaled Net Operating Assets (SNOA) for the quarter that ended in Sep. 2023 is calculated as

	Scaled Net Operating Assets (SNOA)		(Q: Sep. 2023 )
=	(Operating Assets (Q: Sep. 2023 )	-	Operating Liabilities (Q: Sep. 2023 ))	/	Total Assets (Q: Jun. 2023 )
=	(27.713	-	5.085)	/	30.96
=	0.73

where

	Operating Assets		(Q: Sep. 2023 )
=	Total Assets	-	Cash, Cash Equivalents, Marketable Securities
=	27.873	-	0.16
=	27.713

	Operating Liabilities		(Q: Sep. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	22.601	-	3.563	-	13.953
=	5.085

FRX Innovations Scaled Net Operating Assets Related Terms

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FRX Innovations (TSXV:FRXI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » FRX Innovations Inc (TSXV:FRXI) » Definitions » Scaled Net Operating Assets

Comparable Companies

Traded in Other Exchanges

FRXIF:USA W2A:Germany

Address

200 Turnpike Road, Chelmsford, MA, USA, 01824

Website

https://www.frx-innovations.com

FRX Innovations Inc is a manufacturer of environmentally sustainable flame retardant solutions within the plastics and additives market that serve a number of large markets spanning electronics, automotive, electric vehicles (EV), and medical devices. The company manufactures products under the brand name Nofia. Its product portfolio consists of Nofia Polyphosphonates, which are produced using sustainable green chemistry principles such as a solvent-free production process, no waste byproducts, and atom efficiency; Nofia Homopolymers; Nofia Reactive Oligomers.

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