Xtra-Gold Resources (TSX:XTG) Scaled Net Operating Assets : 0.02 (As of Mar. 2024)

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What is Xtra-Gold 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.

Xtra-Gold Resources's operating assets for the quarter that ended in Mar. 2024 was C$2.82 Mil. Xtra-Gold Resources's operating liabilities for the quarter that ended in Mar. 2024 was C$2.50 Mil. Xtra-Gold Resources's Total Assets for the quarter that ended in Dec. 2023 was C$15.91 Mil. Therefore, Xtra-Gold Resources's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2024 was 0.02.

Xtra-Gold Resources Scaled Net Operating Assets Historical Data

The historical data trend for Xtra-Gold 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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Xtra-Gold Resources Scaled Net Operating Assets Chart

Xtra-Gold Resources Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Scaled Net Operating Assets

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0.32

0.30

0.17

0.12

0.08

Xtra-Gold Resources 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															0.05	0.05	0.03	0.07	0.02

Competitive Comparison of Xtra-Gold Resources's Scaled Net Operating Assets

For the Gold subindustry, Xtra-Gold 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.

Xtra-Gold Resources's Scaled Net Operating Assets Distribution in the Metals & Mining Industry

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

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

Xtra-Gold 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.

Xtra-Gold Resources'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 )
=	(3.346	-	2.038)	/	16.14
=	0.08

where

	Operating Assets		(A: Dec. 2023 )
=	Total Assets	-	Cash, Cash Equivalents, Marketable Securities
=	15.913	-	12.567
=	3.346

	Operating Liabilities		(A: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	2.038	-	0	-	0
=	2.038

Xtra-Gold Resources'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 )
=	(2.818	-	2.501)	/	15.913
=	0.02

where

	Operating Assets		(Q: Mar. 2024 )
=	Total Assets	-	Cash, Cash Equivalents, Marketable Securities
=	17.192	-	14.374
=	2.818

	Operating Liabilities		(Q: Mar. 2024 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	2.501	-	0	-	0
=	2.501

Xtra-Gold Resources Scaled Net Operating Assets Related Terms

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Xtra-Gold Resources (TSX:XTG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Xtra-Gold Resources Corp (TSX:XTG) » Definitions » Scaled Net Operating Assets

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XTGRF:USA

Address

Shirley Street Plaza, Suite 2150, P.O Box AP 59217, Nassau, BHS

Website

https://www.xtragold.com

Xtra-Gold Resources Corp is a gold exploration company with a substantial land position in the Kibi Gold Belt. The Kibi Gold Belt, which exhibits many similar geological features to Ghana's main gold belt, the Ashanti Belt, has been the subject of very limited modern exploration activity targeting lode gold deposits as virtually all past gold mining activity and exploration efforts focused on the extensive alluvial gold occurrences in many river valleys throughout the Kibi area. Its mining portfolio consists of 225.87 sq km comprised of 33.65 sq km for the Kibi project, 51.67 sq km for Banso project, 55.28 sq km for Muoso project, 44.76 sq km for the Kwabeng project, and 40.51 sq km for the Pameng project, or 55,873 acres, pursuant to the leased areas set forth in mining leases.

Executives

Leon Van Der Merwe

10% Security Holder

Xtra-Gold Resources (TSX:XTG) Headlines

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