Torque Metals (ASX:TOR) Scaled Net Operating Assets : 0.94 (As of Dec. 2023)

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What is Torque Metals 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.

Torque Metals's operating assets for the quarter that ended in Dec. 2023 was A$12.72 Mil. Torque Metals's operating liabilities for the quarter that ended in Dec. 2023 was A$1.70 Mil. Torque Metals's Total Assets for the quarter that ended in Jun. 2023 was A$11.71 Mil. Therefore, Torque Metals's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2023 was 0.94.

Torque Metals Scaled Net Operating Assets Historical Data

The historical data trend for Torque Metals'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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Torque Metals Scaled Net Operating Assets Chart

Torque Metals Annual Data

Trend

Jun21

Jun22

Jun23

Scaled Net Operating Assets

0.34

0.74

0.84

Torque Metals Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Scaled Net Operating Assets	Get a 7-Day Free Trial			0.59	0.78	0.78	0.84	0.94

Competitive Comparison of Torque Metals's Scaled Net Operating Assets

For the Gold subindustry, Torque Metals'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.

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

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

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

Torque Metals 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.

Torque Metals's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Jun. 2023 is calculated as

	Scaled Net Operating Assets (SNOA)		(A: Jun. 2023 )
=	(Operating Assets (A: Jun. 2023 )	-	Operating Liabilities (A: Jun. 2023 ))	/	Total Assets (A: Jun. 2022 )
=	(9.621	-	0.94)	/	10.287
=	0.84

where

	Operating Assets		(A: Jun. 2023 )
=	Total Assets	-	Cash, Cash Equivalents, Marketable Securities
=	11.711	-	2.09
=	9.621

	Operating Liabilities		(A: Jun. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	0.981	-	0.019	-	0.022
=	0.94

Torque Metals's Scaled Net Operating Assets (SNOA) for the quarter that ended in Dec. 2023 is calculated as

	Scaled Net Operating Assets (SNOA)		(Q: Dec. 2023 )
=	(Operating Assets (Q: Dec. 2023 )	-	Operating Liabilities (Q: Dec. 2023 ))	/	Total Assets (Q: Jun. 2023 )
=	(12.719	-	1.704)	/	11.711
=	0.94

where

	Operating Assets		(Q: Dec. 2023 )
=	Total Assets	-	Cash, Cash Equivalents, Marketable Securities
=	15.544	-	2.825
=	12.719

	Operating Liabilities		(Q: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	1.735	-	0.008	-	0.023
=	1.704

Torque Metals Scaled Net Operating Assets Related Terms

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Torque Metals (ASX:TOR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Torque Metals Ltd (ASX:TOR) » Definitions » Scaled Net Operating Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

16 - 18 Nicholson Road, Unit 8, Subiaco, WA, AUS, 6008

Website

https://www.torquemetals.com

Torque Metals Ltd is a smart exploration company with a discovery methodology, combining drilling results with machine learning algorithms and geological interpretation. The company has three projects namely; New Dawn Lithium Project, Bullfinch Gold Project, and Paris Gold Project. The Company operates in one segment being exploration in Western Australia, Australia.

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