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McFarlane Lake Mining (McFarlane Lake Mining) Scaled Net Operating Assets : -0.19 (As of Feb. 2024)


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What is McFarlane Lake 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.

McFarlane Lake Mining's operating assets for the quarter that ended in Feb. 2024 was $0.48 Mil. McFarlane Lake Mining's operating liabilities for the quarter that ended in Feb. 2024 was $0.98 Mil. McFarlane Lake Mining's Total Assets for the quarter that ended in Nov. 2023 was $2.69 Mil. Therefore, McFarlane Lake Mining's scaled net operating assets (SNOA) for the quarter that ended in Feb. 2024 was -0.19.

McFarlane Lake Mining Scaled Net Operating Assets Historical Data

The historical data trend for McFarlane Lake 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.

* Premium members only.

McFarlane Lake Mining Scaled Net Operating Assets Chart

McFarlane Lake Mining Annual Data
Trend Aug22 Aug23
Scaled Net Operating Assets
-0.59 -0.48

McFarlane Lake Mining Quarterly Data
Jun21 Sep21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24
Scaled Net Operating Assets Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only -0.42 -1.29 -1.08 -3.16 -0.19

Competitive Comparison of McFarlane Lake Mining's Scaled Net Operating Assets

For the Gold subindustry, McFarlane Lake 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.

McFarlane Lake Mining's Scaled Net Operating Assets Distribution in the Metals & Mining Industry

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

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


McFarlane Lake 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.

McFarlane Lake Mining'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 )
=(0.108-0.831)/1.499
=-0.48

where

Operating Assets(A: Aug. 2023 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=0.293 - 0.185
=0.108

Operating Liabilities(A: Aug. 2023 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=0.976 - 0 - 0.145
=0.831

McFarlane Lake Mining's Scaled Net Operating Assets (SNOA) for the quarter that ended in Feb. 2024 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Feb. 2024 )
=(Operating Assets (Q: Feb. 2024 )-Operating Liabilities (Q: Feb. 2024 ))/Total Assets (Q: Nov. 2023 )
=(0.48-0.98)/2.694
=-0.19

where

Operating Assets(Q: Feb. 2024 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=1.503 - 1.023
=0.48

Operating Liabilities(Q: Feb. 2024 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1.124 - 0 - 0.144
=0.98

* 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.

McFarlane Lake Mining Scaled Net Operating Assets Related Terms

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McFarlane Lake Mining (McFarlane Lake Mining) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » McFarlane Lake Mining Ltd (OTCPK:MLMLF) » Definitions » Scaled Net Operating Assets
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Traded in Other Exchanges
MLM:Canada
Address
15 Kincora Court, Sudbury, ON, CAN, P3E 2B9
Website
https://www.mcfarlanelakemining.com
McFarlane Lake Mining Ltd is a gold exploration and development company currently engaged in the acquisition & assessment of gold properties. Its properties include High Lake, West Hawk Lake, Munro, and McMillan. The company has acquired six gold properties. It is a Canadian gold exploration and development company.