ICMFF (Iconic Minerals) Scaled Net Operating Assets : 0.12 (As of May. 2024)

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What is Iconic Minerals 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.

Iconic Minerals's operating assets for the quarter that ended in May. 2024 was $1.30 Mil. Iconic Minerals's operating liabilities for the quarter that ended in May. 2024 was $1.06 Mil. Iconic Minerals's Total Assets for the quarter that ended in Feb. 2024 was $2.00 Mil. Therefore, Iconic Minerals's scaled net operating assets (SNOA) for the quarter that ended in May. 2024 was 0.12.

Iconic Minerals Scaled Net Operating Assets Historical Data

The historical data trend for Iconic Minerals'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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Iconic Minerals Scaled Net Operating Assets Chart

Iconic Minerals Annual Data

Trend

Aug14

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Scaled Net Operating Assets

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0.19

0.53

0.63

0.43

0.05

Iconic Minerals Quarterly Data
	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24
Scaled Net Operating Assets	Get a 7-Day Free Trial															0.46	0.09	0.12	0.12	0.12

Competitive Comparison of Iconic Minerals's Scaled Net Operating Assets

For the Gold subindustry, Iconic Minerals'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.

Iconic Minerals's Scaled Net Operating Assets Distribution in the Metals & Mining Industry

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

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

Iconic Minerals 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.

Iconic Minerals'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 )
=	(1.377	-	1.032)	/	6.976
=	0.05

where

	Operating Assets		(A: Aug. 2023 )
=	Total Assets	-	Cash, Cash Equivalents, Marketable Securities
=	3.164	-	1.787
=	1.377

	Operating Liabilities		(A: Aug. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	1.032	-	0	-	0
=	1.032

Iconic Minerals's Scaled Net Operating Assets (SNOA) for the quarter that ended in May. 2024 is calculated as

	Scaled Net Operating Assets (SNOA)		(Q: May. 2024 )
=	(Operating Assets (Q: May. 2024 )	-	Operating Liabilities (Q: May. 2024 ))	/	Total Assets (Q: Feb. 2024 )
=	(1.296	-	1.057)	/	1.996
=	0.12

where

	Operating Assets		(Q: May. 2024 )
=	Total Assets	-	Cash, Cash Equivalents, Marketable Securities
=	1.801	-	0.505
=	1.296

	Operating Liabilities		(Q: May. 2024 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	1.057	-	0	-	0
=	1.057

Iconic Minerals Scaled Net Operating Assets Related Terms

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Iconic Minerals Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Iconic Minerals Ltd (OTCPK:ICMFF) » Definitions » Scaled Net Operating Assets

Comparable Companies

Traded in Other Exchanges

YQG:Germany ICM:Canada

Address

303 - 595 Howe Street, P.O. Box 4, Vancouver, BC, CAN, V6C 2T5

Website

https://www.iconicminerals.com

Iconic Minerals Ltd is a mineral exploration company. It mainly focuses on acquiring and exploring gold and lithium properties in Nevada. The exploration assets of the company include New Pass property located in Churchill County; Midas South property located in Elko County; Bonnie Claire Lithium Project located in Nye County; Smith Creek Lithium Project and others.

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