Elevation Gold Mining (Elevation Gold Mining) Scaled Net Operating Assets : 0.54 (As of Dec. 2023)

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What is Elevation Gold Mining 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.

Elevation Gold Mining's operating assets for the quarter that ended in Dec. 2023 was $105.29 Mil. Elevation Gold Mining's operating liabilities for the quarter that ended in Dec. 2023 was $42.48 Mil. Elevation Gold Mining's Total Assets for the quarter that ended in Sep. 2023 was $115.82 Mil. Therefore, Elevation Gold Mining's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2023 was 0.54.

Elevation Gold Mining Scaled Net Operating Assets Historical Data

The historical data trend for Elevation Gold Mining'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.

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Elevation Gold Mining Scaled Net Operating Assets Chart

Elevation Gold Mining Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Dec21

Dec22

Dec23

Scaled Net Operating Assets

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0.64

0.61

0.93

0.46

0.55

Elevation Gold Mining Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Scaled Net Operating Assets	Get a 7-Day Free Trial															0.58	0.60	0.64	0.63	0.54

Competitive Comparison of Elevation Gold Mining's Scaled Net Operating Assets

For the Gold subindustry, Elevation Gold Mining'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.

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

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

* The bar in red indicates where Elevation Gold Mining's Scaled Net Operating Assets falls into.

Elevation Gold Mining 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.

Elevation Gold Mining's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2023 is calculated as

	Scaled Net Operating Assets (SNOA)		(A: Dec. 2023 )
=	(Operating Assets (A: Dec. 2023 )	-	Operating Liabilities (A: Dec. 2023 ))	/	Total Assets (A: Dec. 2022 )
=	(105.293	-	42.481)	/	113.931
=	0.55

where

	Operating Assets		(A: Dec. 2023 )
=	Total Assets	-	Cash, Cash Equivalents, Marketable Securities
=	106.764	-	1.471
=	105.293

	Operating Liabilities		(A: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	73.209	-	21.107	-	9.621
=	42.481

Elevation Gold Mining's Scaled Net Operating Assets (SNOA) for the quarter that ended in Dec. 2023 is calculated as

	Scaled Net Operating Assets (SNOA)		(Q: Dec. 2023 )
=	(Operating Assets (Q: Dec. 2023 )	-	Operating Liabilities (Q: Dec. 2023 ))	/	Total Assets (Q: Sep. 2023 )
=	(105.293	-	42.481)	/	115.815
=	0.54

where

	Operating Assets		(Q: Dec. 2023 )
=	Total Assets	-	Cash, Cash Equivalents, Marketable Securities
=	106.764	-	1.471
=	105.293

	Operating Liabilities		(Q: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	73.209	-	21.107	-	9.621
=	42.481

Elevation Gold Mining Scaled Net Operating Assets Related Terms

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Elevation Gold Mining (Elevation Gold Mining) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Elevation Gold Mining Corp (OTCPK:EVGDF) » Definitions » Scaled Net Operating Assets

Comparable Companies

Traded in Other Exchanges

54NA:Germany ELVT:Canada

Address

1188 West Georgia, Suite 1920, Vancouver, BC, CAN, V6E 4A2

Website

https://www.elevationgold.com

Elevation Gold Mining Corp operates as a precious metals exploration and mining company. It acquires, explores for, and develops mineral properties in the United States and Canada. The firm is focused on the reactivation of its Moss Mine Project. The company operates through a single segment which is the acquisition, exploration, development and production of precious metals.. It generates revenue from the sale of gold and silver.