Firering Strategic Minerals (LSE:FRG) Scaled Net Operating Assets : 1.41 (As of Jun. 2024)

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What is Firering Strategic 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.

Firering Strategic Minerals's operating assets for the quarter that ended in Jun. 2024 was £4.38 Mil. Firering Strategic Minerals's operating liabilities for the quarter that ended in Jun. 2024 was £0.44 Mil. Firering Strategic Minerals's Total Assets for the quarter that ended in Dec. 2023 was £2.79 Mil. Therefore, Firering Strategic Minerals's scaled net operating assets (SNOA) for the quarter that ended in Jun. 2024 was 1.41.

Firering Strategic Minerals Scaled Net Operating Assets Historical Data

The historical data trend for Firering Strategic 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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Firering Strategic Minerals Scaled Net Operating Assets Chart

Firering Strategic Minerals Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Scaled Net Operating Assets

0.77

0.61

1.42

0.65

0.45

Firering Strategic Minerals Semi-Annual Data
	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Scaled Net Operating Assets	Get a 7-Day Free Trial					0.49	0.72	0.69	0.57	1.41

Competitive Comparison of Firering Strategic Minerals's Scaled Net Operating Assets

For the Other Industrial Metals & Mining subindustry, Firering Strategic 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.

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

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

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

Firering Strategic 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.

Firering Strategic Minerals'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 )
=	(2.533	-	0.425)	/	4.669
=	0.45

where

	Operating Assets		(A: Dec. 2023 )
=	Total Assets	-	Cash, Cash Equivalents, Marketable Securities
=	2.789	-	0.256
=	2.533

	Operating Liabilities		(A: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	1.111	-	0.536	-	0.15
=	0.425

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

	Scaled Net Operating Assets (SNOA)		(Q: Jun. 2024 )
=	(Operating Assets (Q: Jun. 2024 )	-	Operating Liabilities (Q: Jun. 2024 ))	/	Total Assets (Q: Dec. 2023 )
=	(4.378	-	0.444)	/	2.789
=	1.41

where

	Operating Assets		(Q: Jun. 2024 )
=	Total Assets	-	Cash, Cash Equivalents, Marketable Securities
=	4.513	-	0.135
=	4.378

	Operating Liabilities		(Q: Jun. 2024 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	1.14	-	0.552	-	0.144
=	0.444

Firering Strategic Minerals Scaled Net Operating Assets Related Terms

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Firering Strategic Minerals Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Firering Strategic Minerals PLC (LSE:FRG) » Definitions » Scaled Net Operating Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

Ioanni Stylianou 6, 2nd Floor, Office 202, Nicosia, CYP, 2003

Website

https://www.fireringplc.com

Firering Strategic Minerals PLC focuses on developing assets for the ethical production of critical metals. The company's portfolio of assets is in Cote d'Ivoire. Lithium-Coltan Project covers an area of 135 km2 and is in Northern Cote d'Ivoire. It holds an exploration license for lithium which has been amended to include, inter alia, niobium-tantalum following the results of the exploration study and as part of the application for exploitation permits.