| dbo:abstract |
Betriebsnotwendiges Vermögen (Net Operating Assets) ist eine betriebswirtschaftliche Kennzahl, die das zur Erreichung des Betriebszweckes erforderliche Vermögen oder Kapital eines Unternehmens wiedergibt. Es ist nicht zu verwechseln mit dem notwendigen Betriebsvermögen. (de) Net operating assets (NOA) are a business's operating assets minus its operating liabilities. NOA is calculated by reformatting the balance sheet so that operating activities are separated from financing activities. This is done so that the operating performance of the business can be isolated and valued independently of the financing performance. Management is usually not responsible for creating value through financing activities unless the company is in the finance industry, therefore reformatting the balance sheet allows investors to value just the operating activities and hence get a more accurate valuation of the company. One school of thought is that there is no such security as an operating liability. All liabilities are a form of invested capital, and are discretionary, so the concept of net operating assets has no basis because operating assets are not discretionary. NOA are mathematically equivalent to the invested capital (IC), which represents the funds invested into the company that demand a financial return in the form of dividends (equity) or interests (other short and long-term debts, excluding operating liabilities such as Accounts Payable). (en) |
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dbc:Fundamental_analysis dbr:Liability_(financial_accounting) dbc:Management_accounting dbr:Equity_(finance) dbr:Accounts_payable dbc:Asset dbr:Economic_value_added dbr:Discounted_cash_flow dbr:Dividend dbr:Asset dbr:Financial_statement_analysis dbr:Free_cash_flow dbr:Principles_of_Corporate_Finance dbr:Return_on_invested_capital dbr:Finance_industry |
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dbt:Cquote dbt:Unreferenced |
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dbc:Fundamental_analysis dbc:Management_accounting dbc:Asset |
| gold:hypernym |
dbr:Assets |
| rdf:type |
dbo:Organisation |
| rdfs:comment |
Betriebsnotwendiges Vermögen (Net Operating Assets) ist eine betriebswirtschaftliche Kennzahl, die das zur Erreichung des Betriebszweckes erforderliche Vermögen oder Kapital eines Unternehmens wiedergibt. Es ist nicht zu verwechseln mit dem notwendigen Betriebsvermögen. (de) Net operating assets (NOA) are a business's operating assets minus its operating liabilities. NOA is calculated by reformatting the balance sheet so that operating activities are separated from financing activities. This is done so that the operating performance of the business can be isolated and valued independently of the financing performance. Management is usually not responsible for creating value through financing activities unless the company is in the finance industry, therefore reformatting the balance sheet allows investors to value just the operating activities and hence get a more accurate valuation of the company. One school of thought is that there is no such security as an operating liability. All liabilities are a form of invested capital, and are discretionary, so the con (en) |
| rdfs:label |
Betriebsnotwendiges Vermögen (de) Net operating assets (en) |
| owl:sameAs |
freebase:Net operating assets wikidata:Net operating assets dbpedia-de:Net operating assets https://global.dbpedia.org/id/c2cC |
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wikipedia-en:Net_operating_assets?oldid=1007114531&ns=0 |
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dbr:Noa |
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dbr:DAOE dbr:Invested_Capital dbr:Invested_capital dbr:Net_Operating_Assets dbr:Reformatted_balance_sheet |
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dbr:Net_worth dbr:Noa dbr:DAOE dbr:Invested_Capital dbr:Invested_capital dbr:Net_Operating_Assets dbr:Reformatted_balance_sheet |
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wikipedia-en:Net_operating_assets |