MEC Resources (ASX:MMR) Scaled Net Operating Assets : 0.41 (As of Dec. 2023)

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What is MEC Resources 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.

MEC Resources's operating assets for the quarter that ended in Dec. 2023 was A$8.25 Mil. MEC Resources's operating liabilities for the quarter that ended in Dec. 2023 was A$0.61 Mil. MEC Resources's Total Assets for the quarter that ended in Jun. 2023 was A$18.85 Mil. Therefore, MEC Resources's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2023 was 0.41.

MEC Resources Scaled Net Operating Assets Historical Data

The historical data trend for MEC Resources'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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MEC Resources Scaled Net Operating Assets Chart

MEC Resources Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Scaled Net Operating Assets

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0.79

0.73

0.88

1.85

0.78

MEC Resources Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	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															0.87	1.88	0.36	1.89	0.41

Competitive Comparison of MEC Resources's Scaled Net Operating Assets

For the Oil & Gas E&P subindustry, MEC Resources'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.

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

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

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

MEC Resources 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.

MEC Resources'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 )
=	(17.235	-	1.217)	/	20.593
=	0.78

where

	Operating Assets		(A: Jun. 2023 )
=	Total Assets	-	Cash, Cash Equivalents, Marketable Securities
=	18.848	-	1.613
=	17.235

	Operating Liabilities		(A: Jun. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	8.457	-	6.16	-	1.08
=	1.217

MEC Resources'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 )
=	(8.254	-	0.606)	/	18.848
=	0.41

where

	Operating Assets		(Q: Dec. 2023 )
=	Total Assets	-	Cash, Cash Equivalents, Marketable Securities
=	8.368	-	0.114
=	8.254

	Operating Liabilities		(Q: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	1.099	-	0	-	0.493
=	0.606

MEC Resources Scaled Net Operating Assets Related Terms

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MEC Resources (ASX:MMR) Business Description

Industry

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Traded in Other Exchanges

N/A

Address

114 Cedric Street, Unit 12, Level 1, Stirling, WA, AUS, 6151

Website

https://www.mecresources.com.au

MEC Resources Ltd through its subsidiaries is engaged in the exploration and development of oil and gas properties in Australia. The company holds interests in the EP386 and RL1 assets located in the onshore Bonaparte Basin in the north of Western Australia and Northern Territory; and PEP11 asset located in the offshore Sydney Basin.

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