Marathon Gold (STU:MC8) Net Current Asset Value

: €0.28 (As of Sep. 2022)

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In calculating the Net Current Asset Value (NCAV), Benjamin Graham means a company's current assets (such as cash, marketable securities, and inventories) minus its total liabilities (including preferred stock, minority interest, and long-term debt).

Marathon Gold's net current asset value per share for the quarter that ended in Sep. 2022 was €0.28.

The historical rank and industry rank for Marathon Gold's Net Current Asset Value or its related term are showing as below:

STU:MC8' s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 2.38 Med: 10 Max: 84
Current: 2.49

During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of Marathon Gold was 84.00. The lowest was 2.38. And the median was 10.00.

STU:MC8's Price-to-Net-Current-Asset-Value is ranked better than
75% of 1260 companies
in the Metals & Mining industry
Industry Median: 5.34 vs STU:MC8: 2.49

Marathon Gold Net Current Asset Value Historical Data

The historical data trend for Marathon Gold's Net Current Asset Value 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.

Marathon Gold Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Net Current Asset Value

0.01

-0.01

0.07

0.12

0.20

Marathon Gold Quarterly Data
	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22
Net Current Asset Value																0.25	0.20	0.17	0.15	0.28

Competitive Comparison

For the Gold subindustry, Marathon Gold's Net Current Asset Value, along with its competitors' market caps and Net Current Asset Value 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.

Annual Data Quarterly Data

Marathon Gold Net Current Asset Value Distribution

For the Metals & Mining industry and Basic Materials sector, Marathon Gold's Net Current Asset Value distribution charts can be found below:

* The bar in red indicates where Marathon Gold's Net Current Asset Value falls in comparison to its industry or sector. The grey bar indicates the Net Current Asset Value's extreme value range as defined by GuruFocus.

Marathon Gold Net Current Asset Value Calculation

Marathon Gold's Net Current Asset Value (NCAV) per share for the fiscal year that ended in Dec. 2021 is calculated as

	Net Current Asset Value Per Share		(A: Dec. 2021 )
=	(Total Current Assets	-	Total Liabilities	-	Minority Interest	-	Preferred Stock)	/	Shares Outstanding (EOP)
=	(62.660765625	-	10.8619921875	-	0	-	0)	/	253.919
=	0.20

Marathon Gold's Net Current Asset Value (NCAV) per share for the quarter that ended in Sep. 2022 is calculated as

	Net Current Asset Value Per Share		(Q: Sep. 2022 )
=	(Total Current Assets	-	Total Liabilities	-	Minority Interest	-	Preferred Stock)	/	Shares Outstanding (EOP)
=	(131.3999475223	-	21.269892795562	-	0	-	0)	/	393.327
=	0.28

Marathon Gold (STU:MC8) Net Current Asset Value Explanation

Benjamin Graham first discussed net current asset value (NCAV) in the 1934 edition of "Security Analysis", which he coauthored with David Dodd. In the book, (net) current asset value is defined as:" current assets alone, minus all liabilities and claims ahead of the issue."

The common definition of NCAV is: NCAV = current assets – [total liabilities + minority interest + preferred stock]

Net current assets exclude not only the intangible assets but also the fixed and miscellaneous assets. In addition, Graham believed that preferred stock belongs on the liability side of the balance sheet, not as part of capital and surplus. In "Security Analysis", preferred stock is dubbed "an imperfect creditorship position" that is best placed on the balance sheet alongside funded debt.

One research study, covering the years 1970 through 1983 showed that portfolios picked at the beginning of each year, and held for one year, returned 29.4 percent, on average, over the 13-year period, compared to 11.5 percent for the S&P 500 Index. Other studies of Grahams strategy produced similar results.

Benjamin Graham looked for companies whose market values were less than two-thirds of their Net-Net Working Capital. They are collected under our Net-Net screener. GuruFocus also publishes a monthly Net-Net newsletter.

Marathon Gold Net Current Asset Value Related Terms

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Marathon Gold (STU:MC8) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Marathon Gold Corp (STU:MC8) » Definitions » Net Current Asset Value

Comparable Companies

Traded in Other Exchanges

MGDPF:USA MOZ:Canada

Address

36 Lombard Street, 6th Floor, Suite 600, Toronto, ON, CAN, M5C 2X3

Website

https://www.marathon-gold.com

Marathon Gold Corp is a Canadian gold mining company. It is engaged in the acquisition, exploration and development of precious and base metal prospects. Its flagship asset, the wholly-owned Valentine Gold Project, is located in Newfoundland and Labrador, Canada. The Project comprises a series of four mineralized deposits along with a 20- kilometre system.

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