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Millennial Potash (TSXV:MLP) Scaled Net Operating Assets : 0.90 (As of Feb. 2024)


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What is Millennial Potash 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.

Millennial Potash's operating assets for the quarter that ended in Feb. 2024 was C$6.19 Mil. Millennial Potash's operating liabilities for the quarter that ended in Feb. 2024 was C$0.58 Mil. Millennial Potash's Total Assets for the quarter that ended in Nov. 2023 was C$6.20 Mil. Therefore, Millennial Potash's scaled net operating assets (SNOA) for the quarter that ended in Feb. 2024 was 0.90.


Millennial Potash Scaled Net Operating Assets Historical Data

The historical data trend for Millennial Potash'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.

Millennial Potash Scaled Net Operating Assets Chart

Millennial Potash Annual Data
Trend Aug19 Aug20 Aug21 Aug22 Aug23
Scaled Net Operating Assets
-0.08 -4.86 1.33 0.36 0.98

Millennial Potash Quarterly Data
Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24
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 0.86 0.52 0.83 0.77 0.90

Competitive Comparison of Millennial Potash's Scaled Net Operating Assets

For the Other Industrial Metals & Mining subindustry, Millennial Potash'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.


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

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

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



Millennial Potash 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.

Millennial Potash's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Aug. 2023 is calculated as

Scaled Net Operating Assets (SNOA)(A: Aug. 2023 )
=(Operating Assets (A: Aug. 2023 )-Operating Liabilities (A: Aug. 2023 ))/Total Assets (A: Aug. 2022 )
=(5.296-0.433)/4.987
=0.98

where

Operating Assets(A: Aug. 2023 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=6.925 - 1.629
=5.296

Operating Liabilities(A: Aug. 2023 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=0.497 - 0 - 0.064
=0.433

Millennial Potash's Scaled Net Operating Assets (SNOA) for the quarter that ended in Feb. 2024 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Feb. 2024 )
=(Operating Assets (Q: Feb. 2024 )-Operating Liabilities (Q: Feb. 2024 ))/Total Assets (Q: Nov. 2023 )
=(6.185-0.577)/6.201
=0.90

where

Operating Assets(Q: Feb. 2024 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=7.343 - 1.158
=6.185

Operating Liabilities(Q: Feb. 2024 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=0.698 - 0 - 0.121
=0.577

* 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.


Millennial Potash Scaled Net Operating Assets Related Terms

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Millennial Potash (TSXV:MLP) Business Description

Traded in Other Exchanges
Address
300-1455 Bellevue Avenue, West Vancouver, Vancouver, BC, CAN, V7T 1C3
Millennial Potash Corp is a Canadian resource company focused on the exploration and development of potash deposits. The company's flagship asset is the Banio Potash Project located along the coast of Gabon, West Africa, which has the potential to have all the right characteristics to become a producer of potash.
Executives
Farhad Abasov Director, Senior Officer

Millennial Potash (TSXV:MLP) Headlines

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