CoJax Oil & Gas (CoJax Oil & Gas) Scaled Net Operating Assets : 0.67 (As of Mar. 2024)

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What is CoJax Oil & Gas 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.

CoJax Oil & Gas's operating assets for the quarter that ended in Mar. 2024 was $4.21 Mil. CoJax Oil & Gas's operating liabilities for the quarter that ended in Mar. 2024 was $1.28 Mil. CoJax Oil & Gas's Total Assets for the quarter that ended in Dec. 2023 was $4.37 Mil. Therefore, CoJax Oil & Gas's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2024 was 0.67.

CoJax Oil & Gas Scaled Net Operating Assets Historical Data

The historical data trend for CoJax Oil & Gas'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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CoJax Oil & Gas Scaled Net Operating Assets Chart

CoJax Oil & Gas Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Scaled Net Operating Assets

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-0.82

51.64

0.72

1.15

0.58

CoJax Oil & Gas 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															0.81	0.78	0.80	0.57	0.67

Competitive Comparison of CoJax Oil & Gas's Scaled Net Operating Assets

For the Oil & Gas E&P subindustry, CoJax Oil & Gas'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.

CoJax Oil & Gas's Scaled Net Operating Assets Distribution in the Oil & Gas Industry

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

* The bar in red indicates where CoJax Oil & Gas's Scaled Net Operating Assets falls into.

CoJax Oil & Gas 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.

CoJax Oil & Gas'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 )
=	(4.295	-	1.169)	/	5.435
=	0.58

where

	Operating Assets		(A: Dec. 2023 )
=	Total Assets	-	Cash, Cash Equivalents, Marketable Securities
=	4.371	-	0.076
=	4.295

	Operating Liabilities		(A: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	1.303	-	0.021	-	0.113
=	1.169

CoJax Oil & Gas'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 )
=	(4.21	-	1.283)	/	4.371
=	0.67

where

	Operating Assets		(Q: Mar. 2024 )
=	Total Assets	-	Cash, Cash Equivalents, Marketable Securities
=	4.279	-	0.069
=	4.21

	Operating Liabilities		(Q: Mar. 2024 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	1.415	-	0.019	-	0.113
=	1.283

CoJax Oil & Gas Scaled Net Operating Assets Related Terms

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CoJax Oil & Gas (CoJax Oil & Gas) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » CoJax Oil & Gas Corp (OTCPK:CJAX) » Definitions » Scaled Net Operating Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

3033 Wilson Boulevard, Suite E-605, Arlington, VA, USA, 22201

Website

https://www.cojaxoilandgas.com

CoJax Oil & Gas Corp is an oil and gas exploration and production company, with producing assets in Southwest Alabama. It is engaged in the acquisition and development of lower risk onshore oil and gas producing properties within the Southeastern United States.

Executives

Allan Bradley	director	539 JARVIS STREET, SUITE M2, TORONTO Z4 M4Y 2H7
Jeffrey J Guzy	director, 10 percent owner, officer: Chief Executive Officer	3130 19TH STREET, NORTH, ARLINGTON VA 22201
William Barrett Wellman	10 percent owner, officer: Chief Financial Officer	3130 19TH STREET, NORTH, ARLINGTON VA 22201
Roger Allums Mcleod	10 percent owner	1050 WOODLAND HILLS DRIVE, LAUREL MS 39440
Rosswood Capital, Llc	10 percent owner	1310 HOMEWOOD DRIVE, LAUREL MS 39440
Peter Biglane	10 percent owner	1310 HOMEWOOD DR., LAUREL MS 39440
Cojax Oil & Gas Corp	director, 10 percent owner, officer: Executive Chairman	3033 WILSON BLVD, SUITE E-605, ARLINGTON VA 22201

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