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Snow Lake Resources (Snow Lake Resources) Net Current Asset Value : $0.03 (As of Dec. 2023)


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What is Snow Lake Resources Net Current Asset Value?

In calculating the Net Current Asset Value (NCAV), Benjamin Graham means a company's current assets (such as cash, marketable securities, and inventories) minus its total liabilities (including preferred stock, minority interest, and long-term debt).

Snow Lake Resources's net current asset value per share for the quarter that ended in Dec. 2023 was $0.03.

The historical rank and industry rank for Snow Lake Resources's Net Current Asset Value or its related term are showing as below:

LITM' s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 2.38   Med: 4.33   Max: 56.75
Current: 29.15

During the past 5 years, the highest Price-to-Net-Current-Asset-Value Ratio of Snow Lake Resources was 56.75. The lowest was 2.38. And the median was 4.33.

LITM's Price-to-Net-Current-Asset-Value is ranked worse than
93.62% of 1144 companies
in the Metals & Mining industry
Industry Median: 5 vs LITM: 29.15

Snow Lake Resources Net Current Asset Value Historical Data

The historical data trend for Snow Lake Resources's Net Current Asset Value 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.

* Premium members only.

Snow Lake Resources Net Current Asset Value Chart

Snow Lake Resources Annual Data
Trend Jun19 Jun20 Jun21 Jun22 Jun23
Net Current Asset Value
0.01 -0.01 -0.05 1.01 0.04

Snow Lake Resources Semi-Annual Data
Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Net Current Asset Value Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.33 1.01 0.57 0.04 0.03

Competitive Comparison of Snow Lake Resources's Net Current Asset Value

For the Other Industrial Metals & Mining subindustry, Snow Lake Resources's Price-to-Net-Current-Asset-Value, along with its competitors' market caps and Price-to-Net-Current-Asset-Value 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.


Snow Lake Resources's Price-to-Net-Current-Asset-Value Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Snow Lake Resources's Price-to-Net-Current-Asset-Value distribution charts can be found below:

* The bar in red indicates where Snow Lake Resources's Price-to-Net-Current-Asset-Value falls into.



Snow Lake Resources Net Current Asset Value Calculation

Snow Lake Resources's Net Current Asset Value (NCAV) per share for the fiscal year that ended in Jun. 2023 is calculated as

Net Current Asset Value Per Share(A: Jun. 2023 )
=(Total Current Assets-Total Liabilities-Minority Interest-Preferred Stock)/Shares Outstanding (EOP)
=(3.7-2.947-0-0)/18.1858
=0.04

Snow Lake Resources's Net Current Asset Value (NCAV) per share for the quarter that ended in Dec. 2023 is calculated as

Net Current Asset Value Per Share(Q: Dec. 2023 )
=(Total Current Assets-Total Liabilities-Minority Interest-Preferred Stock)/Shares Outstanding (EOP)
=(5.173-4.499-0-0)/20.3811
=0.03

* 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.


Snow Lake Resources  (NAS:LITM) Net Current Asset Value Explanation

Benjamin Graham first discussed net current asset value (NCAV) in the 1934 edition of "Security Analysis", which he coauthored with David Dodd. In the book, (net) current asset value is defined as:" current assets alone, minus all liabilities and claims ahead of the issue."

The common definition of NCAV is: NCAV = current assets – [total liabilities + minority interest + preferred stock]

Net current assets exclude not only the intangible assets but also the fixed and miscellaneous assets. In addition, Graham believed that preferred stock belongs on the liability side of the balance sheet, not as part of capital and surplus. In "Security Analysis", preferred stock is dubbed "an imperfect creditorship position" that is best placed on the balance sheet alongside funded debt.

One research study, covering the years 1970 through 1983 showed that portfolios picked at the beginning of each year, and held for one year, returned 29.4 percent, on average, over the 13-year period, compared to 11.5 percent for the S&P 500 Index. Other studies of Graham’s strategy produced similar results.

Benjamin Graham looked for companies whose market values were less than two-thirds of their Net-Net Working Capital. They are collected under our Net-Net screener.


Snow Lake Resources Net Current Asset Value Related Terms

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Snow Lake Resources (Snow Lake Resources) Business Description

Traded in Other Exchanges
N/A
Address
360 Main Street, 30th Floor, Winnipeg, MB, CAN, R3C 4G1
Snow Lake Resources Ltd is an exploration stage mining company engaged in lithium exploration in the province of Manitoba, Canada. Its primary focus is currently conducting exploration for lithium at Thompson Brothers Lithium Project.