LKAI (LKA Gold) Scaled Net Operating Assets: -0.11 (As of Sep. 2019)


LKAI LKA Gold Inc LKAI
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What is LKA Gold Scaled Net Operating Assets?

LKA Gold LKAI 12 Scaled Net Operating Assets is -0.11 as of Sep. 2019. GuruFocus rates LKAI with a GF Score™ of 12/100.

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

LKA Gold's operating assets for the quarter that ended in Sep. 2019 was $0.60 Mil. LKA Gold's operating liabilities for the quarter that ended in Sep. 2019 was $0.67 Mil. LKA Gold's Total Assets for the quarter that ended in Jun. 2019 was $0.61 Mil. Therefore, LKA Gold's scaled net operating assets (SNOA) for the quarter that ended in Sep. 2019 was -0.11.

LKA Gold Scaled Net Operating Assets Historical Data

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The historical data trend for LKA Gold'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.

LKA Gold Scaled Net Operating Assets Chart

LKA Gold Annual Data
Trend Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18
Scaled Net Operating Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.46 0.02 -0.74 -0.48 0.14

LKA Gold Quarterly Data
Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19
Scaled Net Operating Assets Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.17 0.10 0.06 -0.03 -0.11

LKAI vs IMII, GLNS, GRMC: Scaled Net Operating Assets Comparison

For the Gold subindustry, LKA Gold'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.

LKA Gold Scaled Net Operating Assets vs Metals & Mining Industry

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

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


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LKA Gold Inc LKAI
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LKA Gold 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.

LKA Gold's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2018 is calculated as

Scaled Net Operating Assets (SNOA)(A: Dec. 2018 )
=(Operating Assets (A: Dec. 2018 )-Operating Liabilities (A: Dec. 2018 ))/Total Assets (A: Dec. 2017 )
=(0.6-0.524)/0.56
=0.14

where

Operating Assets(A: Dec. 2018 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=0.662 - 0.062
=0.6

Operating Liabilities(A: Dec. 2018 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=0.676 - 0.079 - 0.073
=0.524

LKA Gold's Scaled Net Operating Assets (SNOA) for the quarter that ended in Sep. 2019 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Sep. 2019 )
=(Operating Assets (Q: Sep. 2019 )-Operating Liabilities (Q: Sep. 2019 ))/Total Assets (Q: Jun. 2019 )
=(0.597-0.665)/0.61
=-0.11

where

Operating Assets(Q: Sep. 2019 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=0.597 - 0
=0.597

Operating Liabilities(Q: Sep. 2019 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=0.838 - 0.079 - 0.094
=0.665

* 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 -0.11 mean?
LKA Gold (LKAI) has a Scaled Net Operating Assets of -0.11 as of Sep. 2019. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on LKA Gold and its competitors.
Is LKA Gold's Scaled Net Operating Assets too high?
LKA Gold's current Scaled Net Operating Assets is -0.11. Overall, LKA Gold has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does LKA Gold's Scaled Net Operating Assets compare to IMII and GLNS?
LKA Gold's Scaled Net Operating Assets of -0.11 can be compared against companies in the Metals & Mining 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 a Metals & Mining company?
A good Scaled Net Operating Assets depends on the Metals & Mining 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 LKA Gold and its competitors. LKA Gold's current Scaled Net Operating Assets is -0.11. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is LKA Gold stock overvalued right now?
LKA Gold (LKAI) has a current Scaled Net Operating Assets of -0.11. The current Scaled Net Operating Assets is -0.11. LKA Gold's overall GF Score™ is 12/100. 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 LKA Gold (LKAI), the current Scaled Net Operating Assets is -0.11 as of Sep. 2019. 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.

LKA Gold Business Description

Address 3724 47th Street Ct. N.W., Gig Harbor, WA, USA, 98335
LKA Gold Inc is a gold mining and exploration company located in Gig Harbor, WA. The company's primary asset is a high-grade gold-producing property known as the Golden Wonder mine located in Colorado.
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