Norsemont Mining (XCNQ:NOM) Scaled Net Operating Assets : 0.90 (As of Sep. 2023)

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What is Norsemont Mining 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.

Norsemont Mining's operating assets for the quarter that ended in Sep. 2023 was C$27.54 Mil. Norsemont Mining's operating liabilities for the quarter that ended in Sep. 2023 was C$2.65 Mil. Norsemont Mining's Total Assets for the quarter that ended in Jun. 2023 was C$27.57 Mil. Therefore, Norsemont Mining's scaled net operating assets (SNOA) for the quarter that ended in Sep. 2023 was 0.90.

Norsemont Mining Scaled Net Operating Assets Historical Data

The historical data trend for Norsemont Mining'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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Norsemont Mining Scaled Net Operating Assets Chart

Norsemont Mining Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Scaled Net Operating Assets

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-0.10

-4.23

101.06

0.73

0.84

Norsemont Mining Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Scaled Net Operating Assets	Get a 7-Day Free Trial															0.92	0.92	0.91	0.91	0.90

Competitive Comparison of Norsemont Mining's Scaled Net Operating Assets

For the Gold subindustry, Norsemont Mining'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.

Norsemont Mining's Scaled Net Operating Assets Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Norsemont Mining's Scaled Net Operating Assets distribution charts can be found below:

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

Norsemont Mining 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.

Norsemont Mining'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 )
=	(27.604	-	2.005)	/	30.32
=	0.84

where

	Operating Assets		(A: Dec. 2022 )
=	Total Assets	-	Cash, Cash Equivalents, Marketable Securities
=	27.629	-	0.025
=	27.604

	Operating Liabilities		(A: Dec. 2022 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	3.312	-	0.012	-	1.295
=	2.005

Norsemont Mining'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 )
=	(27.541	-	2.647)	/	27.566
=	0.90

where

	Operating Assets		(Q: Sep. 2023 )
=	Total Assets	-	Cash, Cash Equivalents, Marketable Securities
=	27.547	-	0.006
=	27.541

	Operating Liabilities		(Q: Sep. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	3.934	-	0.001	-	1.286
=	2.647

Norsemont Mining Scaled Net Operating Assets Related Terms

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Norsemont Mining (XCNQ:NOM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Norsemont Mining Inc (XCNQ:NOM) » Definitions » Scaled Net Operating Assets

Comparable Companies

Traded in Other Exchanges

NRRSF:USA LXZ1:Germany

Address

700 West Pender Street, Suite 610, Vancouver, BC, CAN, V6C 1G8

Website

https://www.norsemont.com

Norsemont Mining Inc. comprises experienced natural resource professionals focused on growing shareholder value and fast-tracking its flagship project through to bankable feasibility. Norsemont owns a 100-per-cent interest in the Choquelimpie gold-silver project in northern Chile. The company's mining properties are located in Canada (Burge Lake Project) and Chile (Choquelimpie). Choquelimpie has over 1,700 drill holes, with substantial existing infrastructure. Other reportable segments consist of the Burge Lake Project.