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Cornish Metals (TSXV:CUSN) Scaled Net Operating Assets : 0.54 (As of Oct. 2023)


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What is Cornish 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.

Cornish Metals's operating assets for the quarter that ended in Oct. 2023 was C$68.58 Mil. Cornish Metals's operating liabilities for the quarter that ended in Oct. 2023 was C$12.08 Mil. Cornish Metals's Total Assets for the quarter that ended in Jul. 2023 was C$104.31 Mil. Therefore, Cornish Metals's scaled net operating assets (SNOA) for the quarter that ended in Oct. 2023 was 0.54.


Cornish Metals Scaled Net Operating Assets Historical Data

The historical data trend for Cornish 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.

* Premium members only.

Cornish Metals Scaled Net Operating Assets Chart

Cornish Metals Annual Data
Trend Jan13 Jan14 Jan15 Jan16 Jan17 Jan18 Jan19 Jan20 Jan21 Jan22
Scaled Net Operating Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.67 0.68 0.59 0.82 0.67

Cornish Metals Quarterly Data
Jan19 Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23
Scaled Net Operating Assets Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.27 0.33 0.41 0.47 0.54

Competitive Comparison of Cornish Metals's Scaled Net Operating Assets

For the Other Industrial Metals & Mining subindustry, Cornish 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.


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

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

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



Cornish 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.

Cornish Metals's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Jan. 2022 is calculated as

Scaled Net Operating Assets (SNOA)(A: Jan. 2022 )
=(Operating Assets (A: Jan. 2022 )-Operating Liabilities (A: Jan. 2022 ))/Total Assets (A: Jan. 2021 )
=(27.591-15.372)/18.18
=0.67

where

Operating Assets(A: Jan. 2022 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=36.088 - 8.497
=27.591

Operating Liabilities(A: Jan. 2022 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=15.377 - 0.001 - 0.004
=15.372

Cornish Metals's Scaled Net Operating Assets (SNOA) for the quarter that ended in Oct. 2023 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Oct. 2023 )
=(Operating Assets (Q: Oct. 2023 )-Operating Liabilities (Q: Oct. 2023 ))/Total Assets (Q: Jul. 2023 )
=(68.58-12.08)/104.309
=0.54

where

Operating Assets(Q: Oct. 2023 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=102.796 - 34.216
=68.58

Operating Liabilities(Q: Oct. 2023 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=12.08 - 0 - 0
=12.08

* 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.


Cornish Metals Scaled Net Operating Assets Related Terms

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Cornish Metals (TSXV:CUSN) Business Description

Traded in Other Exchanges
Address
789 West Pender Street, Suite 960, Vancouver, BC, CAN, V6C 1H2
Cornish Metals Inc is building a portfolio of strategic metals assets in North America and the United Kingdom, and its flagship project is the past-producing South Crofty underground tin mine in Cornwall, UK. South Crofty is arguably the important historical tin mine in the UK and hosts the highest grade tin resources world wide. The project has the potential to be a high-grade tin producer in Europe.

Cornish Metals (TSXV:CUSN) Headlines

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