Silver Spruce Resources (Silver Spruce Resources) Scaled Net Operating Assets : -0.54 (As of Jan. 2024)

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What is Silver Spruce 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.

Silver Spruce Resources's operating assets for the quarter that ended in Jan. 2024 was $0.05 Mil. Silver Spruce Resources's operating liabilities for the quarter that ended in Jan. 2024 was $0.22 Mil. Silver Spruce Resources's Total Assets for the quarter that ended in Oct. 2023 was $0.30 Mil. Therefore, Silver Spruce Resources's scaled net operating assets (SNOA) for the quarter that ended in Jan. 2024 was -0.54.

Silver Spruce Resources Scaled Net Operating Assets Historical Data

The historical data trend for Silver Spruce 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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Silver Spruce Resources Scaled Net Operating Assets Chart

Silver Spruce Resources Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Scaled Net Operating Assets

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-0.44

0.24

0.02

-0.11

-0.46

Silver Spruce Resources Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Scaled Net Operating Assets	Get a 7-Day Free Trial															-0.58	-1.16	-0.20	-0.27	-0.54

Competitive Comparison of Silver Spruce Resources's Scaled Net Operating Assets

For the Other Industrial Metals & Mining subindustry, Silver Spruce 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.

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

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

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

Silver Spruce 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.

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

	Scaled Net Operating Assets (SNOA)		(A: Oct. 2023 )
=	(Operating Assets (A: Oct. 2023 )	-	Operating Liabilities (A: Oct. 2023 ))	/	Total Assets (A: Oct. 2022 )
=	(0.024	-	0.154)	/	0.281
=	-0.46

where

	Operating Assets		(A: Oct. 2023 )
=	Total Assets	-	Cash, Cash Equivalents, Marketable Securities
=	0.3	-	0.276
=	0.024

	Operating Liabilities		(A: Oct. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	0.155	-	0	-	0.001
=	0.154

Silver Spruce Resources's Scaled Net Operating Assets (SNOA) for the quarter that ended in Jan. 2024 is calculated as

	Scaled Net Operating Assets (SNOA)		(Q: Jan. 2024 )
=	(Operating Assets (Q: Jan. 2024 )	-	Operating Liabilities (Q: Jan. 2024 ))	/	Total Assets (Q: Oct. 2023 )
=	(0.052	-	0.215)	/	0.3
=	-0.54

where

	Operating Assets		(Q: Jan. 2024 )
=	Total Assets	-	Cash, Cash Equivalents, Marketable Securities
=	0.17	-	0.118
=	0.052

	Operating Liabilities		(Q: Jan. 2024 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	0.215	-	0	-	0
=	0.215

Silver Spruce Resources Scaled Net Operating Assets Related Terms

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Silver Spruce Resources (Silver Spruce Resources) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Silver Spruce Resources Inc (OTCPK:SSEBF) » Definitions » Scaled Net Operating Assets

Comparable Companies

Traded in Other Exchanges

S6Q1:Germany SSE:Canada

Address

1600 Bedford Highway, Suite 440, Bedford, NS, CAN, B4A 1E8

Website

https://www.silverspruceresources.com

Silver Spruce Resources Inc is a Canada-based company focused on exploration for precious and base minerals. The flagship project Pino de Plata located in Chihuahua state Mexico is a high-grade silver project with noteworthy gold, lead, and zinc credits. Its other projects include El Mezquite, Melchett Lake and Pope's Hill.