Irving Resources (XCNQ:IRV) Scaled Net Operating Assets : 0.86 (As of Nov. 2023)

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What is Irving 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.

Irving Resources's operating assets for the quarter that ended in Nov. 2023 was C$43.79 Mil. Irving Resources's operating liabilities for the quarter that ended in Nov. 2023 was C$0.35 Mil. Irving Resources's Total Assets for the quarter that ended in Aug. 2023 was C$50.47 Mil. Therefore, Irving Resources's scaled net operating assets (SNOA) for the quarter that ended in Nov. 2023 was 0.86.

Irving Resources Scaled Net Operating Assets Historical Data

The historical data trend for Irving 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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Irving Resources Scaled Net Operating Assets Chart

Irving Resources Annual Data

Trend

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Scaled Net Operating Assets

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0.48

1.20

0.80

0.89

1.01

Irving Resources Quarterly Data
	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23
Scaled Net Operating Assets	Get a 7-Day Free Trial															0.72	0.76	0.81	0.85	0.86

Competitive Comparison of Irving Resources's Scaled Net Operating Assets

For the Gold subindustry, Irving 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.

Irving Resources's Scaled Net Operating Assets Distribution in the Metals & Mining Industry

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

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

Irving 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.

Irving Resources's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Feb. 2023 is calculated as

	Scaled Net Operating Assets (SNOA)		(A: Feb. 2023 )
=	(Operating Assets (A: Feb. 2023 )	-	Operating Liabilities (A: Feb. 2023 ))	/	Total Assets (A: Feb. 2022 )
=	(38.971	-	0.367)	/	38.393
=	1.01

where

	Operating Assets		(A: Feb. 2023 )
=	Total Assets	-	Cash, Cash Equivalents, Marketable Securities
=	49.88	-	10.909
=	38.971

	Operating Liabilities		(A: Feb. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	0.6	-	0.11	-	0.123
=	0.367

Irving Resources's Scaled Net Operating Assets (SNOA) for the quarter that ended in Nov. 2023 is calculated as

	Scaled Net Operating Assets (SNOA)		(Q: Nov. 2023 )
=	(Operating Assets (Q: Nov. 2023 )	-	Operating Liabilities (Q: Nov. 2023 ))	/	Total Assets (Q: Aug. 2023 )
=	(43.787	-	0.345)	/	50.465
=	0.86

where

	Operating Assets		(Q: Nov. 2023 )
=	Total Assets	-	Cash, Cash Equivalents, Marketable Securities
=	50.362	-	6.575
=	43.787

	Operating Liabilities		(Q: Nov. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	0.525	-	0.085	-	0.095
=	0.345

Irving Resources Scaled Net Operating Assets Related Terms

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Irving Resources (XCNQ:IRV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Irving Resources Inc (XCNQ:IRV) » Definitions » Scaled Net Operating Assets

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Traded in Other Exchanges

IRVRF:USA

Address

999 Canada Place, Suite 404, Vancouver, BC, CAN, V6C 3E2

Website

https://www.irvresources.com

Irving Resources Inc is a Canadian-based mineral exploration company with precious metal projects in Japan and joint venture interests with Japan Oil, Gas and Metals National Corporation (JOGMEC) in a rare earth element project in Africa and Canada. Its projects include Omu Project, Yamagano Project and Others.

Executives

Douglas B. Buchanan

Director

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