Advanced Gold Exploration (XCNQ:AUEX) Scaled Net Operating Assets : 0.38 (As of Mar. 2024)

View and export this data going back to 2021. Start your Free Trial

What is Advanced Gold Exploration 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.

Advanced Gold Exploration's operating assets for the quarter that ended in Mar. 2024 was C$0.81 Mil. Advanced Gold Exploration's operating liabilities for the quarter that ended in Mar. 2024 was C$0.44 Mil. Advanced Gold Exploration's Total Assets for the quarter that ended in Dec. 2023 was C$0.97 Mil. Therefore, Advanced Gold Exploration's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2024 was 0.38.

Advanced Gold Exploration Scaled Net Operating Assets Historical Data

The historical data trend for Advanced Gold Exploration'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.

Advanced Gold Exploration Scaled Net Operating Assets Chart

Advanced Gold Exploration Annual Data

Trend

Dec21

Dec22

Dec23

Scaled Net Operating Assets

0.15

0.10

0.28

Advanced Gold Exploration Quarterly Data
	Jun20	Sep20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Scaled Net Operating Assets	Get a 7-Day Free Trial										0.10	0.06	-0.17	0.32	0.38

Competitive Comparison of Advanced Gold Exploration's Scaled Net Operating Assets

For the Gold subindustry, Advanced Gold Exploration'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.

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

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

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

Advanced Gold Exploration 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.

Advanced Gold Exploration'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 )
=	(0.833	-	0.548)	/	1.024
=	0.28

where

	Operating Assets		(A: Dec. 2023 )
=	Total Assets	-	Cash, Cash Equivalents, Marketable Securities
=	0.973	-	0.14
=	0.833

	Operating Liabilities		(A: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	0.548	-	0	-	0
=	0.548

Advanced Gold Exploration'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 )
=	(0.806	-	0.437)	/	0.973
=	0.38

where

	Operating Assets		(Q: Mar. 2024 )
=	Total Assets	-	Cash, Cash Equivalents, Marketable Securities
=	0.862	-	0.056
=	0.806

	Operating Liabilities		(Q: Mar. 2024 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	0.437	-	0	-	0
=	0.437

Advanced Gold Exploration Scaled Net Operating Assets Related Terms

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

Advanced Gold Exploration (XCNQ:AUEX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Advanced Gold Exploration Inc (XCNQ:AUEX) » Definitions » Scaled Net Operating Assets

Comparable Companies

Traded in Other Exchanges

AUHIF:USA 4TG:Germany

Address

372 Bay Street, Suite 301, Toronto, ON, CAN, M5H 2W9

Website

https://www.advanceunited.ca

Advanced Gold Exploration Inc Formerly Advance United Holdings Inc is a junior mining company. It is identifying and acquiring undervalued gold-bearing properties. Its projects include Paint Lake Road Project and Buck Lake Property. It has one business segment and operates in the mineral exploration business in Canada.

Executives

James Atkinson

Director, Senior Officer

Advanced Gold Exploration (XCNQ:AUEX) Headlines

No Headlines