ASA (ASA Gold And Precious Metals) Scaled Net Operating Assets: 1.23 (As of May. 2026)

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ASA ASA Gold And Precious Metals Ltd ASA
38 GF Score
Price $57.72
! 1 Warning Sign
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What is ASA Gold And Precious Metals Scaled Net Operating Assets?

ASA Gold And Precious Metals ASA 38 Scaled Net Operating Assets is 1.23 as of May. 2026. GuruFocus rates ASA with a GF Score™ of 38/100. The stock has 1 warning sign investors should review.

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 May. 2026 was $1,360.8 Mil. ASA Gold And Precious Metals's operating liabilities for the quarter that ended in May. 2026 was $8.6 Mil. ASA Gold And Precious Metals's Total Assets for the quarter that ended in Nov. 2025 was $1,102.0 Mil. Therefore, ASA Gold And Precious Metals's scaled net operating assets (SNOA) for the quarter that ended in May. 2026 was 1.23.

ASA
38GF Score
ASA Gold And Precious Metals Ltd ASA
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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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. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(A: Nov. 2025 )
=(Operating Assets (A: Nov. 2025 )-Operating Liabilities (A: Nov. 2025 ))/Total Assets (A: Nov. 2024 )
=(1097.87-2.106)/445.398
=2.46

where

Operating Assets(A: Nov. 2025 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=1102.006 - 4.136
=1097.87

Operating Liabilities(A: Nov. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=2.106 - 0 - 0
=2.106

ASA Gold And Precious Metals's Scaled Net Operating Assets (SNOA) for the quarter that ended in May. 2026 is calculated as

Scaled Net Operating Assets (SNOA)(Q: May. 2026 )
=(Operating Assets (Q: May. 2026 )-Operating Liabilities (Q: May. 2026 ))/Total Assets (Q: Nov. 2025 )
=(1360.782-8.619)/1102.006
=1.23

where

Operating Assets(Q: May. 2026 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=1364.69 - 3.908
=1360.782

Operating Liabilities(Q: May. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=8.619 - 0 - 0
=8.619

* 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.

What does a Scaled Net Operating Assets of 1.23 mean?
ASA Gold And Precious Metals (ASA) has a Scaled Net Operating Assets of 1.23 as of May. 2026. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on ASA Gold And Precious Metals and its competitors.
Is ASA Gold And Precious Metals' Scaled Net Operating Assets too high?
ASA Gold And Precious Metals' current Scaled Net Operating Assets is 1.23. Overall, ASA Gold And Precious Metals has a GF Score™ of 38/100, reflecting its overall financial health beyond just this single metric.
How does ASA Gold And Precious Metals' Scaled Net Operating Assets compare to BMEZ and BTX?
ASA Gold And Precious Metals' Scaled Net Operating Assets of 1.23 can be compared against companies in the Asset Management industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Scaled Net Operating Assets for an Asset Management company?
A good Scaled Net Operating Assets depends on the Asset Management industry context. However, Scaled Net Operating Assets should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Scaled Net Operating Assets mean?
A high Scaled Net Operating Assets can signal that a stock is expensive relative to its fundamentals. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on ASA Gold And Precious Metals and its competitors. ASA Gold And Precious Metals's current Scaled Net Operating Assets is 1.23. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ASA Gold And Precious Metals stock overvalued right now?
ASA Gold And Precious Metals (ASA) has a current Scaled Net Operating Assets of 1.23. The current Scaled Net Operating Assets is 1.23. ASA Gold And Precious Metals' overall GF Score™ is 38/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Scaled Net Operating Assets calculated?
Scaled Net Operating Assets is calculated from a company's financial statements. For ASA Gold And Precious Metals (ASA), the current Scaled Net Operating Assets is 1.23 as of May. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

ASA Gold And Precious Metals Business Description

Address Three Canal Plaza, Suite 600, Portland, ME, USA, 04101
ASA Gold And Precious Metals Ltd is a closed-end, non-diversified investment company. Its objective is to provide long-term capital appreciation through investing in companies engaged in the exploration for, development of projects, or mining of precious metals and minerals.
38GF Score

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