Horizon Gold (ASX:HRN) Scaled Net Operating Assets : 0.77 (As of Dec. 2023)

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What is Horizon Gold 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.

Horizon Gold's operating assets for the quarter that ended in Dec. 2023 was A$43.84 Mil. Horizon Gold's operating liabilities for the quarter that ended in Dec. 2023 was A$12.30 Mil. Horizon Gold's Total Assets for the quarter that ended in Jun. 2023 was A$40.75 Mil. Therefore, Horizon Gold's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2023 was 0.77.

Horizon Gold Scaled Net Operating Assets Historical Data

The historical data trend for Horizon Gold'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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Horizon Gold Scaled Net Operating Assets Chart

Horizon Gold Annual Data

Trend

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Scaled Net Operating Assets

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0.39

0.74

0.86

0.83

0.68

Horizon Gold Semi-Annual Data
	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Scaled Net Operating Assets	Get a 7-Day Free Trial										0.66	0.85	0.72	0.69	0.77

Competitive Comparison of Horizon Gold's Scaled Net Operating Assets

For the Gold subindustry, Horizon Gold'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.

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

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

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

Horizon Gold 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.

Horizon Gold'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 )
=	(40.509	-	11.901)	/	41.969
=	0.68

where

	Operating Assets		(A: Jun. 2023 )
=	Total Assets	-	Cash, Cash Equivalents, Marketable Securities
=	40.747	-	0.238
=	40.509

	Operating Liabilities		(A: Jun. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	11.942	-	0	-	0.041
=	11.901

Horizon Gold'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 )
=	(43.842	-	12.301)	/	40.747
=	0.77

where

	Operating Assets		(Q: Dec. 2023 )
=	Total Assets	-	Cash, Cash Equivalents, Marketable Securities
=	45.354	-	1.512
=	43.842

	Operating Liabilities		(Q: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	12.322	-	0	-	0.021
=	12.301

Horizon Gold Scaled Net Operating Assets Related Terms

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Horizon Gold (ASX:HRN) Business Description

Industry

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

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Traded in Other Exchanges

N/A

Address

47 Havelock Street, Suite 8, Level 3, West Perth, WA, AUS, 6005

Website

https://www.horizongold.com.au

Horizon Gold Ltd is a gold mining company. It is engaged in the acquisition, exploration, and development of gold reserves of the Gum Creek Gold Project in Western Australia. The project covers the Gum Creek Greenstone Belt located within the Southern Cross Province of the Youanmi Terrane In Yilgarn Craton in Western Australia.

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