Erdene Resource Development (TSX:ERD) Scaled Net Operating Assets : 0.92 (As of Mar. 2024)

View and export this data going back to 2005. Start your Free Trial

What is Erdene Resource Development 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.

Erdene Resource Development's operating assets for the quarter that ended in Mar. 2024 was C$54.85 Mil. Erdene Resource Development's operating liabilities for the quarter that ended in Mar. 2024 was C$0.30 Mil. Erdene Resource Development's Total Assets for the quarter that ended in Dec. 2023 was C$59.06 Mil. Therefore, Erdene Resource Development's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2024 was 0.92.

Erdene Resource Development Scaled Net Operating Assets Historical Data

The historical data trend for Erdene Resource Development'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.

* Premium members only.

Erdene Resource Development Scaled Net Operating Assets Chart

Erdene Resource Development Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Scaled Net Operating Assets

Get a 7-Day Free Trial

1.20

1.09

0.91

0.95

1.04

Erdene Resource Development Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Scaled Net Operating Assets	Get a 7-Day Free Trial															0.86	0.87	0.86	0.58	0.92

Competitive Comparison of Erdene Resource Development's Scaled Net Operating Assets

For the Other Industrial Metals & Mining subindustry, Erdene Resource Development'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.

Erdene Resource Development's Scaled Net Operating Assets Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Erdene Resource Development's Scaled Net Operating Assets falls into.

Erdene Resource Development 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.

Erdene Resource Development's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2023 is calculated as

	Scaled Net Operating Assets (SNOA)		(A: Dec. 2023 )
=	(Operating Assets (A: Dec. 2023 )	-	Operating Liabilities (A: Dec. 2023 ))	/	Total Assets (A: Dec. 2022 )
=	(54.713	-	0.163)	/	52.533
=	1.04

where

	Operating Assets		(A: Dec. 2023 )
=	Total Assets	-	Cash, Cash Equivalents, Marketable Securities
=	59.063	-	4.35
=	54.713

	Operating Liabilities		(A: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	0.186	-	0	-	0.023
=	0.163

Erdene Resource Development's Scaled Net Operating Assets (SNOA) for the quarter that ended in Mar. 2024 is calculated as

	Scaled Net Operating Assets (SNOA)		(Q: Mar. 2024 )
=	(Operating Assets (Q: Mar. 2024 )	-	Operating Liabilities (Q: Mar. 2024 ))	/	Total Assets (Q: Dec. 2023 )
=	(54.848	-	0.303)	/	59.063
=	0.92

where

	Operating Assets		(Q: Mar. 2024 )
=	Total Assets	-	Cash, Cash Equivalents, Marketable Securities
=	57.82	-	2.972
=	54.848

	Operating Liabilities		(Q: Mar. 2024 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	0.317	-	0	-	0.014
=	0.303

Erdene Resource Development Scaled Net Operating Assets Related Terms

Thank you for viewing the detailed overview of Erdene Resource Development's Scaled Net Operating Assets provided by GuruFocus.com. Please click on the following links to see related term pages.

Erdene Resource Development (TSX:ERD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Erdene Resource Development Corp (TSX:ERD) » Definitions » Scaled Net Operating Assets

Comparable Companies

Traded in Other Exchanges

ERDCF:USA

Address

99 Wyse Road, Metropolitan Place, Suite 1480, Dartmouth, NS, CAN, B3A 4S5

Website

https://www.erdene.com

Erdene Resource Development Corp is a Canadian-based resource exploration company. It is primarily engaged in the exploration and development of precious metals and mineral deposits in Mongolia. The company's project consists of Bayan Khundii, Altan Nar, Zuun Mod, and Khuvyn Khar. The Bayan Khundii and Altan Nar project is located within the Tian-Shan copper-gold belt in southwest Mongolia from the Chinese border city of Ceke. The Zuun Mod project is located within 200 kilometres of China's border in Mongolia's Bayankhongor Province. The Khuvyn Khar copper-silver project is located on the Zuun Mod property.

Executives

John Philip Byrne	Director
Peter Akerley	Director, Senior Officer

Erdene Resource Development (TSX:ERD) Headlines

No Headlines