Net operating asset turnover
factor.formula
Net Operating Asset Turnover (NOAT):
Average Net Operating Assets (AvgNOA):
Net Operating Assets (NOA):
Net Operating Assets (NOA):
in:
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The operating income for the last 12 months (Trailing Twelve Months Revenue) reflects the total revenue scale of the company in the past year.
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Average Net Operating Assets is the average of the net operating assets at the beginning and end of the period, representing the average size of operating assets used by the enterprise during the reporting period.
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Beginning net operating assets refers to the balance of net operating assets at the beginning of the reporting period.
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Net operating assets at the end of the period refer to the balance of net operating assets at the end of the reporting period.
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Total Shareholders' Equity includes the equity attributable to the parent company and minority shareholders' equity. It represents the equity of the company's owners in the company.
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Financial liabilities refer to liabilities undertaken by an enterprise that must be settled with cash or other financial assets, such as short-term loans, notes payable, bonds payable, etc.
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Financial assets refer to assets held by an enterprise with clear value, such as cash, trading financial assets, and financial assets available for sale.
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Operating assets refer to assets held by an enterprise to support its core business operations, such as inventory, accounts receivable, fixed assets, etc.
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Operating liabilities refer to liabilities incurred by an enterprise to support its core business operations, such as accounts payable and advances received.
factor.explanation
Net operating asset turnover (NOAT) is a key indicator to measure the efficiency of a company's use of its operating assets to generate revenue. It focuses on the operating efficiency of a company's core business by eliminating the impact of financial assets and liabilities. A high NOAT value means that the company is able to efficiently use its operating assets to generate revenue, reflecting good asset management capabilities and operational efficiency. This indicator is very useful when comparing the operating efficiency of different companies or the same company over different periods. Compared with the traditional total asset turnover ratio, NOAT can more accurately reflect the operating efficiency of a company in its core business.