Ashley Gold (XCNQ:ASHL) Scaled Net Operating Assets : 0.97 (As of Dec. 2023)

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What is Ashley Gold 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.

Ashley Gold's operating assets for the quarter that ended in Dec. 2023 was C$0.57 Mil. Ashley Gold's operating liabilities for the quarter that ended in Dec. 2023 was C$0.15 Mil. Ashley Gold's Total Assets for the quarter that ended in Sep. 2023 was C$0.43 Mil. Therefore, Ashley Gold's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2023 was 0.97.

Ashley Gold Scaled Net Operating Assets Historical Data

The historical data trend for Ashley Gold'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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Ashley Gold Scaled Net Operating Assets Chart

Ashley Gold Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Scaled Net Operating Assets

-0.07

1.74

1.45

0.42

Ashley Gold Quarterly Data
	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Scaled Net Operating Assets	Get a 7-Day Free Trial								0.66	0.72	0.31	0.91	0.97

Competitive Comparison of Ashley Gold's Scaled Net Operating Assets

For the Gold subindustry, Ashley Gold'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.

Ashley Gold's Scaled Net Operating Assets Distribution in the Metals & Mining Industry

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

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

Ashley Gold 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.

Ashley Gold'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 )
=	(0.567	-	0.148)	/	0.99
=	0.42

where

	Operating Assets		(A: Dec. 2023 )
=	Total Assets	-	Cash, Cash Equivalents, Marketable Securities
=	0.589	-	0.022
=	0.567

	Operating Liabilities		(A: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	0.148	-	0	-	0
=	0.148

Ashley Gold'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: Sep. 2023 )
=	(0.567	-	0.148)	/	0.433
=	0.97

where

	Operating Assets		(Q: Dec. 2023 )
=	Total Assets	-	Cash, Cash Equivalents, Marketable Securities
=	0.589	-	0.022
=	0.567

	Operating Liabilities		(Q: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	0.148	-	0	-	0
=	0.148

Ashley Gold Scaled Net Operating Assets Related Terms

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Ashley Gold (XCNQ:ASHL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Ashley Gold Corp (XCNQ:ASHL) » Definitions » Scaled Net Operating Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

707 - 7 Avenue SW, Suite 1150, Calgary, AB, CAN, T2P 3H6

Website

https://www.ashleygoldcorp.com

Ashley Gold Corp is engaged in the acquisition and exploration of mineral properties in the natural resource sector with the long-term goal of divesting its investment assets at a profit. The company projects include Tabor Lake Mine, Howie Lake and Alto-Gardnar.

Executives

George Elliott Stephenson

Director, Senior Officer

Ashley Gold (XCNQ:ASHL) Headlines

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