Westward Gold (Westward Gold) Scaled Net Operating Assets : 0.95 (As of Dec. 2023)

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What is Westward 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.

Westward Gold's operating assets for the quarter that ended in Dec. 2023 was $6.15 Mil. Westward Gold's operating liabilities for the quarter that ended in Dec. 2023 was $0.15 Mil. Westward Gold's Total Assets for the quarter that ended in Sep. 2023 was $6.33 Mil. Therefore, Westward Gold's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2023 was 0.95.

Westward Gold Scaled Net Operating Assets Historical Data

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

Westward Gold Annual Data

Trend

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Scaled Net Operating Assets

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-0.88

0.11

0.26

3.86

0.89

Westward Gold Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23
Scaled Net Operating Assets	Get a 7-Day Free Trial															0.84	0.92	0.95	0.98	0.95

Competitive Comparison of Westward Gold's Scaled Net Operating Assets

For the Gold subindustry, Westward 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.

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

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

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

Westward 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.

Westward Gold's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Mar. 2023 is calculated as

	Scaled Net Operating Assets (SNOA)		(A: Mar. 2023 )
=	(Operating Assets (A: Mar. 2023 )	-	Operating Liabilities (A: Mar. 2023 ))	/	Total Assets (A: Mar. 2022 )
=	(5.586	-	0.16)	/	6.1
=	0.89

where

	Operating Assets		(A: Mar. 2023 )
=	Total Assets	-	Cash, Cash Equivalents, Marketable Securities
=	5.947	-	0.361
=	5.586

	Operating Liabilities		(A: Mar. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	0.16	-	0	-	0
=	0.16

Westward 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 )
=	(6.145	-	0.149)	/	6.325
=	0.95

where

	Operating Assets		(Q: Dec. 2023 )
=	Total Assets	-	Cash, Cash Equivalents, Marketable Securities
=	6.261	-	0.116
=	6.145

	Operating Liabilities		(Q: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	0.149	-	0	-	0
=	0.149

Westward Gold Scaled Net Operating Assets Related Terms

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Westward Gold (Westward Gold) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Westward Gold Inc (OTCPK:WGLIF) » Definitions » Scaled Net Operating Assets

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Traded in Other Exchanges

IM50:Germany WG:Canada

Address

1055 West Georgia Street, Suite 1500, Vancouver, BC, CAN, V6E 4N7

Website

https://www.westwardgold.com

Westward Gold Inc is a mineral exploration company focused on developing the Toiyabe and Turquoise Canyon Projects located in the Cortez Hills area of Lander County, Nevada. It is also advancing the Mulloy Project in Northern Ontario.

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