Permex Petroleum (XCNQ:OIL) Scaled Net Operating Assets : 0.63 (As of Jun. 2023)

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What is Permex Petroleum 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.

Permex Petroleum's operating assets for the quarter that ended in Jun. 2023 was C$14.50 Mil. Permex Petroleum's operating liabilities for the quarter that ended in Jun. 2023 was C$4.89 Mil. Permex Petroleum's Total Assets for the quarter that ended in Mar. 2023 was C$15.26 Mil. Therefore, Permex Petroleum's scaled net operating assets (SNOA) for the quarter that ended in Jun. 2023 was 0.63.

Permex Petroleum Scaled Net Operating Assets Historical Data

The historical data trend for Permex Petroleum'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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Permex Petroleum Scaled Net Operating Assets Chart

Permex Petroleum Annual Data

Trend

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Scaled Net Operating Assets

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1.28

0.61

0.45

0.82

1.13

Permex Petroleum Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23
Scaled Net Operating Assets	Get a 7-Day Free Trial															0.42	0.54	0.62	0.66	0.63

Competitive Comparison of Permex Petroleum's Scaled Net Operating Assets

For the Oil & Gas E&P subindustry, Permex Petroleum'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.

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

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

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

Permex Petroleum 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.

Permex Petroleum's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Sep. 2022 is calculated as

	Scaled Net Operating Assets (SNOA)		(A: Sep. 2022 )
=	(Operating Assets (A: Sep. 2022 )	-	Operating Liabilities (A: Sep. 2022 ))	/	Total Assets (A: Sep. 2021 )
=	(12.362	-	2.428)	/	8.795
=	1.13

where

	Operating Assets		(A: Sep. 2022 )
=	Total Assets	-	Cash, Cash Equivalents, Marketable Securities
=	16.764	-	4.402
=	12.362

	Operating Liabilities		(A: Sep. 2022 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	2.807	-	0.188	-	0.191
=	2.428

Permex Petroleum's Scaled Net Operating Assets (SNOA) for the quarter that ended in Jun. 2023 is calculated as

	Scaled Net Operating Assets (SNOA)		(Q: Jun. 2023 )
=	(Operating Assets (Q: Jun. 2023 )	-	Operating Liabilities (Q: Jun. 2023 ))	/	Total Assets (Q: Mar. 2023 )
=	(14.5	-	4.888)	/	15.262
=	0.63

where

	Operating Assets		(Q: Jun. 2023 )
=	Total Assets	-	Cash, Cash Equivalents, Marketable Securities
=	15.515	-	1.015
=	14.5

	Operating Liabilities		(Q: Jun. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	5.123	-	0.129	-	0.106
=	4.888

Permex Petroleum Scaled Net Operating Assets Related Terms

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Permex Petroleum (XCNQ:OIL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Permex Petroleum Corp (XCNQ:OIL) » Definitions » Scaled Net Operating Assets

Comparable Companies

Traded in Other Exchanges

OILCF:USA 75P:Germany

Address

666 Burrard Street, Suite 500, Vancouver, BC, CAN, V6C 2X8

Website

https://www.permexpetroleum.com

Permex Petroleum Corp is a junior oil and gas company with assets and operations across the Permian Basin of West Texas and the Delaware SubBasin of New Mexico. The company through its wholly-owned subsidiary, Permex Petroleum US Corporation owns and operates on private, state, and federal land. The company has a single reportable segment i.e. acquisition, development, and production of oil and gas properties in the United States.

Executives

Mehran Ehsan

Director, Senior Officer