Golden Ocean Group (CHIX:GOGLO) Scaled Net Operating Assets : 0.93 (As of Sep. 2024)

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What is Golden Ocean Group 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.

Golden Ocean Group's operating assets for the quarter that ended in Sep. 2024 was kr35,369 Mil. Golden Ocean Group's operating liabilities for the quarter that ended in Sep. 2024 was kr1,225 Mil. Golden Ocean Group's Total Assets for the quarter that ended in Jun. 2024 was kr36,749 Mil. Therefore, Golden Ocean Group's scaled net operating assets (SNOA) for the quarter that ended in Sep. 2024 was 0.93.

Golden Ocean Group Scaled Net Operating Assets Historical Data

The historical data trend for Golden Ocean Group'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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Golden Ocean Group Scaled Net Operating Assets Chart

Golden Ocean Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Scaled Net Operating Assets

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0.95

0.80

1.19

0.96

1.07

Golden Ocean Group Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Scaled Net Operating Assets	Get a 7-Day Free Trial															0.95	0.91	0.94	0.93	0.93

Competitive Comparison of Golden Ocean Group's Scaled Net Operating Assets

For the Marine Shipping subindustry, Golden Ocean Group'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.

Golden Ocean Group's Scaled Net Operating Assets Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Golden Ocean Group's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where Golden Ocean Group's Scaled Net Operating Assets falls into.

Golden Ocean Group 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.

Golden Ocean Group's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2023 is calculated as

	Scaled Net Operating Assets (SNOA)		(A: Dec. 2023 )
=	(Operating Assets (A: Dec. 2023 )	-	Operating Liabilities (A: Dec. 2023 ))	/	Total Assets (A: Dec. 2022 )
=	(35579.286	-	1025.603)	/	32182.361
=	1.07

where

	Operating Assets		(A: Dec. 2023 )
=	Total Assets	-	Cash, Cash Equivalents, Marketable Securities
=	36807.046	-	1227.76
=	35579.286

	Operating Liabilities		(A: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	16532.25	-	14118.958	-	1387.689
=	1025.603

Golden Ocean Group's Scaled Net Operating Assets (SNOA) for the quarter that ended in Sep. 2024 is calculated as

	Scaled Net Operating Assets (SNOA)		(Q: Sep. 2024 )
=	(Operating Assets (Q: Sep. 2024 )	-	Operating Liabilities (Q: Sep. 2024 ))	/	Total Assets (Q: Jun. 2024 )
=	(35368.966	-	1225.445)	/	36749.029
=	0.93

where

	Operating Assets		(Q: Sep. 2024 )
=	Total Assets	-	Cash, Cash Equivalents, Marketable Securities
=	36603.323	-	1234.357
=	35368.966

	Operating Liabilities		(Q: Sep. 2024 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	16136.569	-	13447.542	-	1463.582
=	1225.445

Golden Ocean Group Scaled Net Operating Assets Related Terms

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Golden Ocean Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Golden Ocean Group Ltd (CHIX:GOGLo) » Definitions » Scaled Net Operating Assets

Comparable Companies

Traded in Other Exchanges

GOGL:USA GOGLo:Sweden GOGL:Norway 0RII:UK KT31:Germany KT31:Germany

Address

14 Par-la-Ville Road, Par-la-Ville Place, Hamilton, BMU, HM 08

Website

https://www.goldenocean.bm

Golden Ocean Group Ltd is a Bermuda-based dry bulk shipping company. Its business involves the transportation of dry bulk cargo including ores, coal, grains and fertilizers through its fleet of owned and chartered vessels, bareboat vessels, commercial management vessels and new buildings are chartered-out on fixed rate time charters and index-linked time charter contracts.

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