Cavalier Resources (ASX:CVR) Scaled Net Operating Assets : 0.68 (As of Dec. 2023)

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What is Cavalier 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.

Cavalier Resources's operating assets for the quarter that ended in Dec. 2023 was A$3.50 Mil. Cavalier Resources's operating liabilities for the quarter that ended in Dec. 2023 was A$0.09 Mil. Cavalier Resources's Total Assets for the quarter that ended in Jun. 2023 was A$4.99 Mil. Therefore, Cavalier Resources's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2023 was 0.68.

Cavalier Resources Scaled Net Operating Assets Historical Data

The historical data trend for Cavalier 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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Cavalier Resources Scaled Net Operating Assets Chart

Cavalier Resources Annual Data

Trend

Jun22

Jun23

Scaled Net Operating Assets

0.15

0.49

Cavalier Resources Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23
Scaled Net Operating Assets	0.12	0.11	-	-	0.68

Competitive Comparison of Cavalier Resources's Scaled Net Operating Assets

For the Gold subindustry, Cavalier 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.

Cavalier Resources's Scaled Net Operating Assets Distribution in the Metals & Mining Industry

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

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

Cavalier 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.

Cavalier 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 )
=	(3.044	-	0.276)	/	5.599
=	0.49

where

	Operating Assets		(A: Jun. 2023 )
=	Total Assets	-	Cash, Cash Equivalents, Marketable Securities
=	4.988	-	1.944
=	3.044

	Operating Liabilities		(A: Jun. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	0.276	-	0	-	0
=	0.276

Cavalier 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 )
=	(3.499	-	0.09)	/	4.988
=	0.68

where

	Operating Assets		(Q: Dec. 2023 )
=	Total Assets	-	Cash, Cash Equivalents, Marketable Securities
=	4.561	-	1.062
=	3.499

	Operating Liabilities		(Q: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	0.09	-	0	-	0
=	0.09

Cavalier Resources Scaled Net Operating Assets Related Terms

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Cavalier Resources (ASX:CVR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Cavalier Resources Ltd (ASX:CVR) » Definitions » Scaled Net Operating Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

22 Mount Street, Level 2, Perth, WA, AUS, 6000

Website

https://www.cavalierresources.com.au

Cavalier Resources Ltd is focused on identifying and acquiring prospective mineral exploration projects. The company owns or has the right to acquire controlling interests in Tenements in Western Australia, collectively known as the Leonora Gold Project, Hidden Jewel Gold Project, and Ella's Rock Nickel-Gold Project. These projects are prospective for gold and nickel mineralization. The company has a single geographical location i.e. Australia.