GFG Resources (FRA:2GQ) Scaled Net Operating Assets : 0.95 (As of Mar. 2024)

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What is GFG Resources 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.

GFG Resources's operating assets for the quarter that ended in Mar. 2024 was €21.91 Mil. GFG Resources's operating liabilities for the quarter that ended in Mar. 2024 was €0.48 Mil. GFG Resources's Total Assets for the quarter that ended in Dec. 2023 was €22.46 Mil. Therefore, GFG Resources's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2024 was 0.95.

GFG Resources Scaled Net Operating Assets Historical Data

The historical data trend for GFG Resources'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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GFG Resources Scaled Net Operating Assets Chart

GFG Resources Annual Data

Trend

Feb14

Feb15

Feb16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Scaled Net Operating Assets

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0.96

0.93

0.92

1.13

0.69

GFG Resources Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Scaled Net Operating Assets	Get a 7-Day Free Trial															0.92	0.65	0.88	0.93	0.95

Competitive Comparison of GFG Resources's Scaled Net Operating Assets

For the Gold subindustry, GFG Resources'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.

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

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

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

GFG Resources 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.

GFG Resources's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Jun. 2023 is calculated as

	Scaled Net Operating Assets (SNOA)		(A: Jun. 2023 )
=	(Operating Assets (A: Jun. 2023 )	-	Operating Liabilities (A: Jun. 2023 ))	/	Total Assets (A: Jun. 2022 )
=	(20.815	-	0.815)	/	28.834
=	0.69

where

	Operating Assets		(A: Jun. 2023 )
=	Total Assets	-	Cash, Cash Equivalents, Marketable Securities
=	23.224	-	2.409
=	20.815

	Operating Liabilities		(A: Jun. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	0.899	-	0.035	-	0.049
=	0.815

GFG Resources's Scaled Net Operating Assets (SNOA) for the quarter that ended in Mar. 2024 is calculated as

	Scaled Net Operating Assets (SNOA)		(Q: Mar. 2024 )
=	(Operating Assets (Q: Mar. 2024 )	-	Operating Liabilities (Q: Mar. 2024 ))	/	Total Assets (Q: Dec. 2023 )
=	(21.905	-	0.477)	/	22.459
=	0.95

where

	Operating Assets		(Q: Mar. 2024 )
=	Total Assets	-	Cash, Cash Equivalents, Marketable Securities
=	22.297	-	0.392
=	21.905

	Operating Liabilities		(Q: Mar. 2024 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	0.517	-	0.016	-	0.024
=	0.477

GFG Resources Scaled Net Operating Assets Related Terms

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GFG Resources (FRA:2GQ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » GFG Resources Inc (FRA:2GQ) » Definitions » Scaled Net Operating Assets

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GFGSF:USA GFG:Canada

Address

202-640 Broadway Avenue, Saskatoon, SK, CAN, S7N 1A9

Website

https://www.gfgresources.com

GFG Resources Inc is a precious metals exploration company. Its principal business is to acquire, explore, and develop interests in exploration and evaluation assets. The company holds an interest in the Rattlesnake Hills Gold Property which is located southwest of Casper in Central Wyoming, U.S., and Pen Gold and Dore Gold Projects located in Ontario, Canada.

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