NewOrigin Gold (TSXV:NEWO) Scaled Net Operating Assets : -4.77 (As of Dec. 2023)

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What is NewOrigin 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.

NewOrigin Gold's operating assets for the quarter that ended in Dec. 2023 was C$0.02 Mil. NewOrigin Gold's operating liabilities for the quarter that ended in Dec. 2023 was C$0.29 Mil. NewOrigin Gold's Total Assets for the quarter that ended in Sep. 2023 was C$0.06 Mil. Therefore, NewOrigin Gold's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2023 was -4.77.

NewOrigin Gold Scaled Net Operating Assets Historical Data

The historical data trend for NewOrigin 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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NewOrigin Gold Scaled Net Operating Assets Chart

NewOrigin Gold Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Scaled Net Operating Assets

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0.76

-0.17

-2.50

-0.02

-1.00

NewOrigin Gold Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Scaled Net Operating Assets	Get a 7-Day Free Trial															-3.30	-1.02	-6.63	-3.90	-4.77

Competitive Comparison of NewOrigin Gold's Scaled Net Operating Assets

For the Gold subindustry, NewOrigin 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.

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

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

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

NewOrigin 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.

NewOrigin 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 )
=	(0.01	-	0.262)	/	0.252
=	-1.00

where

	Operating Assets		(A: Jun. 2023 )
=	Total Assets	-	Cash, Cash Equivalents, Marketable Securities
=	0.073	-	0.063
=	0.01

	Operating Liabilities		(A: Jun. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	0.262	-	0	-	0
=	0.262

NewOrigin 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: Sep. 2023 )
=	(0.016	-	0.288)	/	0.057
=	-4.77

where

	Operating Assets		(Q: Dec. 2023 )
=	Total Assets	-	Cash, Cash Equivalents, Marketable Securities
=	0.109	-	0.093
=	0.016

	Operating Liabilities		(Q: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	0.288	-	0	-	0
=	0.288

NewOrigin Gold Scaled Net Operating Assets Related Terms

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NewOrigin Gold (TSXV:NEWO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » NewOrigin Gold Corp (TSXV:NEWO) » Definitions » Scaled Net Operating Assets

Comparable Companies

Traded in Other Exchanges

TROIF:USA

Address

110 Yonge Street, Dennis Peterson, Suite 1601, Toronto, ON, CAN, M5C 1T4

Website

https://www.neworigingold.com

NewOrigin Gold Corp's strategy is to stake or acquire early-stage, under-explored precious metals properties in prospective mining camps. The company aims to create shareholder value by leveraging management's broad experience to make new economic gold discoveries on the under-explored properties. It is focused on exploring its flagship Sky Lake Project in the past producing Pickle Lake Mining Camp in northwestern, Ontario. The company's project portfolio includes the North Abitibi Project, South Abitibi Project, the Nipissing Cobalt Property, the Kinebik Gold Project.

Executives

Andrew Thomson	Senior Officer
O3 Mining Inc.	10% Security Holder

NewOrigin Gold (TSXV:NEWO) Headlines

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