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ASA Gold And Precious Metals (ASA Gold And Precious Metals) Scaled Net Operating Assets : 0.95 (As of Nov. 2023)


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What is ASA Gold And Precious 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.

ASA Gold And Precious Metals's operating assets for the quarter that ended in Nov. 2023 was $330.80 Mil. ASA Gold And Precious Metals's operating liabilities for the quarter that ended in Nov. 2023 was $0.71 Mil. ASA Gold And Precious Metals's Total Assets for the quarter that ended in May. 2023 was $347.61 Mil. Therefore, ASA Gold And Precious Metals's scaled net operating assets (SNOA) for the quarter that ended in Nov. 2023 was 0.95.

ASA Gold And Precious 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.

ASA Gold And Precious Metals's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Nov. 2023 is calculated as

Scaled Net Operating Assets (SNOA)(A: Nov. 2023 )
=(Operating Assets (A: Nov. 2023 )-Operating Liabilities (A: Nov. 2023 ))/Total Assets (A: Nov. 2022 )
=(330.8-0.707)/326.264
=1.01

where

Operating Assets(A: Nov. 2023 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=335.619 - 4.819
=330.8

Operating Liabilities(A: Nov. 2023 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=0.707 - 0 - 0
=0.707

ASA Gold And Precious Metals's Scaled Net Operating Assets (SNOA) for the quarter that ended in Nov. 2023 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Nov. 2023 )
=(Operating Assets (Q: Nov. 2023 )-Operating Liabilities (Q: Nov. 2023 ))/Total Assets (Q: May. 2023 )
=(330.8-0.707)/347.61
=0.95

where

Operating Assets(Q: Nov. 2023 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=335.619 - 4.819
=330.8

Operating Liabilities(Q: Nov. 2023 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=0.707 - 0 - 0
=0.707

* 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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ASA Gold And Precious Metals (ASA Gold And Precious Metals) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » ASA Gold And Precious Metals Ltd (NYSE:ASA) » Definitions » Scaled Net Operating Assets
Comparable Companies
ASG JRI CPZ MHN NCA WHF AWP TDF FOF CAF BLK BX OSTO:INVE A TSX:BN KKR APO BK AMP XSWX:PGHN LSE:III
Traded in Other Exchanges
N/A
Address
Three Canal Plaza, Suite 600, Portland, ME, USA, 04101
Website
https://www.asaltd.com
ASA Gold And Precious Metals Ltd is a closed-end, non-diversified investment company. Its objective is to provide long-term capital appreciation primarily through investing in companies engaged in the exploration for, development of projects, or mining of precious metals and minerals.
Executives
Mary Joan Hoene director 400 S EL CAMINO REAL, STE 710, SAN MATEO CA 94402
Alexander Merk officer: COO 44 MONTGOMERY STREET, #3730, SAN FRANCISCO CA 94104
Bruce D Hansen director 1700 LINCOLN STREET, 28TH FLOOR, DENVER CO 80203
Saba Capital Management, L.p. 10 percent owner 405 LEXINGTON AVENUE, 58TH FLOOR, NEW YORK NY 10174
Boaz Weinstein 10 percent owner 405 LEXINGTON AVENUE, 58TH FLOOR, NEW YORK NY 10174
Nancy J. Tyminski other: Deputy CCO 3 CANAL PLAZA, SUITE 600, PORTLAND ME 04101
William Donovan director 100 VISTA CIRCLE, APARTMENT 315, PITTSBURGH PA 15238
James E Holman other: Analyst, Merk Investments, LLC THREE CANAL PLAZA, SUITE 600, PORTLAND ME 04101
Peter Maletis officer: President 44 MONTGOMERY STREET, #3730, SAN FRANCISCO CA 94104
Anthony J. Artabane director 4 LITTLE KINGS LANE, RYE BROOK NY 10573
Zachary R Tackett officer: Secretary 77 CONGRESS STREET, APT. #1, PORTLAND ME 04101
Gino E Malaspina officer: Secretary 3 CANAL PLAZA, SUITE 600, PORTLAND ME 04101
Karen Shaw officer: PFO 3 BUNKER HILL TERRACE, SCARBOROUGH ME 04074
David J Christensen officer: Vice President - Investments 400 S. EL CAMINO REAL, SUITE 710, SAN MATEO CA 94402
Danielle Kulp officer: Secretary and Deputy CCO 1409 KUTZ DRIVE, POTTSTOWN PA 19465