SPPP (Sprott Physical Platinum & Palladium Tr) Scaled Net Operating Assets : 1.03 (As of Sep. 2024)

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What is Sprott Physical Platinum & Palladium Tr 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.

Sprott Physical Platinum & Palladium Tr's operating assets for the quarter that ended in Sep. 2024 was $150.73 Mil. Sprott Physical Platinum & Palladium Tr's operating liabilities for the quarter that ended in Sep. 2024 was $1.24 Mil. Sprott Physical Platinum & Palladium Tr's Total Assets for the quarter that ended in Jun. 2024 was $145.75 Mil. Therefore, Sprott Physical Platinum & Palladium Tr's scaled net operating assets (SNOA) for the quarter that ended in Sep. 2024 was 1.03.

Sprott Physical Platinum & Palladium Tr 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.

Sprott Physical Platinum & Palladium Tr'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 )
=	(115.909	-	0.212)	/	138.347
=	0.84

where

	Operating Assets		(A: Dec. 2023 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	116.503	-	0.594
=	115.909

	Operating Liabilities		(A: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	0.212	-	0	-	0
=	0.212

Sprott Physical Platinum & Palladium Tr's Scaled Net Operating Assets (SNOA) for the quarter that ended in Sep. 2024 is calculated as

	Scaled Net Operating Assets (SNOA)		(Q: Sep. 2024 )
=	(Operating Assets (Q: Sep. 2024 )	-	Operating Liabilities (Q: Sep. 2024 ))	/	Total Assets (Q: Jun. 2024 )
=	(150.725	-	1.241)	/	145.747
=	1.03

where

	Operating Assets		(Q: Sep. 2024 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	151.837	-	1.112
=	150.725

	Operating Liabilities		(Q: Sep. 2024 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	1.241	-	0	-	0
=	1.241

* 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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Sprott Physical Platinum & Palladium Tr Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Sprott Physical Platinum & Palladium Tr (ARCA:SPPP) » Definitions » Scaled Net Operating Assets

Comparable Companies

Traded in Other Exchanges

SPPP.U:Canada

Address

200 Bay Street, Suite 2600, South Tower, Royal Bank Plaza, P.O Box 26, Toronto, ON, CAN, M5J 2J1

Website

https://www.sprott.com

Sprott Physical Platinum & Palladium Tr invests and holds all of its assets in physical platinum and palladium bullion. The company seeks to provide a secure, convenient, and exchange-traded investment alternative for investors interested in holding physical platinum and palladium bullion without the inconvenience that is typical of a direct investment in physical bullion. The Trust invests mainly in long-term holdings of unencumbered, fully allocated, physical platinum and palladium bullion.