Patriot Battery Metals (Patriot Battery Metals) Scaled Net Operating Assets : 0.42 (As of Dec. 2023)

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What is Patriot Battery Metals 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.

Patriot Battery Metals's operating assets for the quarter that ended in Dec. 2023 was $92.99 Mil. Patriot Battery Metals's operating liabilities for the quarter that ended in Dec. 2023 was $24.32 Mil. Patriot Battery Metals's Total Assets for the quarter that ended in Sep. 2023 was $162.90 Mil. Therefore, Patriot Battery Metals's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2023 was 0.42.

Patriot Battery Metals Scaled Net Operating Assets Historical Data

The historical data trend for Patriot Battery Metals'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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Patriot Battery Metals Scaled Net Operating Assets Chart

Patriot Battery Metals Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Scaled Net Operating Assets

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0.62

0.83

1.55

2.77

0.46

Patriot Battery Metals Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Scaled Net Operating Assets	Get a 7-Day Free Trial															0.74	0.24	0.36	0.43	0.42

Competitive Comparison of Patriot Battery Metals's Scaled Net Operating Assets

For the Other Industrial Metals & Mining subindustry, Patriot Battery Metals'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.

Patriot Battery Metals's Scaled Net Operating Assets Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Patriot Battery Metals's Scaled Net Operating Assets falls into.

Patriot Battery Metals 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.

Patriot Battery Metals's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Mar. 2023 is calculated as

	Scaled Net Operating Assets (SNOA)		(A: Mar. 2023 )
=	(Operating Assets (A: Mar. 2023 )	-	Operating Liabilities (A: Mar. 2023 ))	/	Total Assets (A: Mar. 2022 )
=	(37.269	-	27.565)	/	21.028
=	0.46

where

	Operating Assets		(A: Mar. 2023 )
=	Total Assets	-	Cash, Cash Equivalents, Marketable Securities
=	78.725	-	41.456
=	37.269

	Operating Liabilities		(A: Mar. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	27.565	-	0	-	0
=	27.565

Patriot Battery Metals'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 )
=	(92.992	-	24.316)	/	162.902
=	0.42

where

	Operating Assets		(Q: Dec. 2023 )
=	Total Assets	-	Cash, Cash Equivalents, Marketable Securities
=	171.82	-	78.828
=	92.992

	Operating Liabilities		(Q: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	24.404	-	0.066	-	0.022
=	24.316

Patriot Battery Metals Scaled Net Operating Assets Related Terms

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Patriot Battery Metals (Patriot Battery Metals) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Patriot Battery Metals Inc (OTCPK:PMETF) » Definitions » Scaled Net Operating Assets

Comparable Companies

Traded in Other Exchanges

R9G:Germany PMET:Canada PMT:Australia

Address

838 W Hastings Street, Suite 700, Vancouver, BC, CAN, V6C 0A6

Website

https://www.patriotbatterymetals.com

Patriot Battery Metals Inc is a mineral exploration company focused on the acquisition and development of mineral projects containing the battery, base and precious metals. The company's flagship assets are the wholly-owned Corvette Property, the FCI Property located in the James Bay Region of Quebec and the Freeman Creek Gold Property, located in Idaho, USA. In addition, the company holds the Pontax Lithium-Gold Property, QC; the Golden Silica Property, BC; and the Hidden Lake Lithium Property, NWT, where the company maintains a 40% interest, as well as several other assets in Canada.