Mijem Newcomm Tech (XCNQ:MJEM) Scaled Net Operating Assets : -10.00 (As of Jan. 2024)

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What is Mijem Newcomm Tech 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.

Mijem Newcomm Tech's operating assets for the quarter that ended in Jan. 2024 was C$0.01 Mil. Mijem Newcomm Tech's operating liabilities for the quarter that ended in Jan. 2024 was C$0.21 Mil. Mijem Newcomm Tech's Total Assets for the quarter that ended in Oct. 2023 was C$0.02 Mil. Therefore, Mijem Newcomm Tech's scaled net operating assets (SNOA) for the quarter that ended in Jan. 2024 was -10.00.

Mijem Newcomm Tech Scaled Net Operating Assets Historical Data

The historical data trend for Mijem Newcomm Tech'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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Mijem Newcomm Tech Scaled Net Operating Assets Chart

Mijem Newcomm Tech Annual Data

Trend

Dec20

Jul21

Jul22

Jul23

Scaled Net Operating Assets

-0.15

-4.85

0.02

-0.32

Mijem Newcomm Tech Quarterly Data
	Oct20	Jun21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Scaled Net Operating Assets	Get a 7-Day Free Trial							-0.46	-1.08	-2.10	-5.07	-10.00

Competitive Comparison of Mijem Newcomm Tech's Scaled Net Operating Assets

For the Software - Application subindustry, Mijem Newcomm Tech'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.

Mijem Newcomm Tech's Scaled Net Operating Assets Distribution in the Software Industry

For the Software industry and Technology sector, Mijem Newcomm Tech's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where Mijem Newcomm Tech's Scaled Net Operating Assets falls into.

Mijem Newcomm Tech 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.

Mijem Newcomm Tech's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Jul. 2023 is calculated as

	Scaled Net Operating Assets (SNOA)		(A: Jul. 2023 )
=	(Operating Assets (A: Jul. 2023 )	-	Operating Liabilities (A: Jul. 2023 ))	/	Total Assets (A: Jul. 2022 )
=	(0.02	-	0.24)	/	0.682
=	-0.32

where

	Operating Assets		(A: Jul. 2023 )
=	Total Assets	-	Cash, Cash Equivalents, Marketable Securities
=	0.046	-	0.026
=	0.02

	Operating Liabilities		(A: Jul. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	0.24	-	0	-	0
=	0.24

Mijem Newcomm Tech's Scaled Net Operating Assets (SNOA) for the quarter that ended in Jan. 2024 is calculated as

	Scaled Net Operating Assets (SNOA)		(Q: Jan. 2024 )
=	(Operating Assets (Q: Jan. 2024 )	-	Operating Liabilities (Q: Jan. 2024 ))	/	Total Assets (Q: Oct. 2023 )
=	(0.014	-	0.214)	/	0.02
=	-10.00

where

	Operating Assets		(Q: Jan. 2024 )
=	Total Assets	-	Cash, Cash Equivalents, Marketable Securities
=	0.02	-	0.006
=	0.014

	Operating Liabilities		(Q: Jan. 2024 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	0.289	-	0	-	0.075
=	0.214

Mijem Newcomm Tech Scaled Net Operating Assets Related Terms

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Mijem Newcomm Tech (XCNQ:MJEM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Mijem Newcomm Tech Inc (XCNQ:MJEM) » Definitions » Scaled Net Operating Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

50 Carroll St, Toronto, ON, CAN, M4M 3G3

Website

https://www.mijem.com

Mijem Newcomm Tech Inc is engaged in the development and monetization of online and mobile applications.

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