SPPP (Sprott Physical Platinum & Palladium Tr) Scaled Net Operating Assets: 0.92 (As of Mar. 2026)


SPPP Sprott Physical Platinum & Palladium Tr SPPP
38 GF Score
Price $12.80
! 2 Warning Signs
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What is Sprott Physical Platinum & Palladium Tr Scaled Net Operating Assets?

Sprott Physical Platinum & Palladium Tr SPPP +1.99% 38 Scaled Net Operating Assets is 0.92 as of Mar. 2026. GuruFocus rates SPPP with a GF Score™ of 38/100. The stock has 2 warning signs investors should review.

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 Mar. 2026 was $721.1 Mil. Sprott Physical Platinum & Palladium Tr's operating liabilities for the quarter that ended in Mar. 2026 was $0.4 Mil. Sprott Physical Platinum & Palladium Tr's Total Assets for the quarter that ended in Dec. 2025 was $781.2 Mil. Therefore, Sprott Physical Platinum & Palladium Tr's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.92.

SPPP
38GF Score
Sprott Physical Platinum & Palladium Tr SPPP
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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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. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(A: Dec. 2025 )
=(Operating Assets (A: Dec. 2025 )-Operating Liabilities (A: Dec. 2025 ))/Total Assets (A: Dec. 2024 )
=(769.147-8.805)/167.676
=4.53

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=781.189 - 12.042
=769.147

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=8.805 - 0 - 0
=8.805

Sprott Physical Platinum & Palladium Tr's Scaled Net Operating Assets (SNOA) for the quarter that ended in Mar. 2026 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Mar. 2026 )
=(Operating Assets (Q: Mar. 2026 )-Operating Liabilities (Q: Mar. 2026 ))/Total Assets (Q: Dec. 2025 )
=(721.115-0.429)/781.189
=0.92

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=722.254 - 1.139
=721.115

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=0.429 - 0 - 0
=0.429

* 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 0.92 mean?
Sprott Physical Platinum & Palladium Tr (SPPP) has a Scaled Net Operating Assets of 0.92 as of Mar. 2026. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Sprott Physical Platinum & Palladium Tr and its competitors.
Is Sprott Physical Platinum & Palladium Tr's Scaled Net Operating Assets too high?
Sprott Physical Platinum & Palladium Tr's current Scaled Net Operating Assets is 0.92. Overall, Sprott Physical Platinum & Palladium Tr has a GF Score™ of 38/100, reflecting its overall financial health beyond just this single metric.
How does Sprott Physical Platinum & Palladium Tr's Scaled Net Operating Assets compare to BLK and BX?
Sprott Physical Platinum & Palladium Tr's Scaled Net Operating Assets of 0.92 can be compared against companies in the Asset Management 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 an Asset Management company?
A good Scaled Net Operating Assets depends on the Asset Management 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 Sprott Physical Platinum & Palladium Tr and its competitors. Sprott Physical Platinum & Palladium Tr's current Scaled Net Operating Assets is 0.92. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sprott Physical Platinum & Palladium Tr stock overvalued right now?
Sprott Physical Platinum & Palladium Tr (SPPP) has a current Scaled Net Operating Assets of 0.92. The current Scaled Net Operating Assets is 0.92. Sprott Physical Platinum & Palladium Tr's overall GF Score™ is 38/100 with 2 warning signs to review. 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 Sprott Physical Platinum & Palladium Tr (SPPP), the current Scaled Net Operating Assets is 0.92 as of Mar. 2026. 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.

Sprott Physical Platinum & Palladium Tr Business Description

Other Exchanges SPPP.U:CanadaSPPP:Canada
Address 200 Bay Street, Suite 2600, South Tower, Royal Bank Plaza, Toronto, ON, CAN, M5J 2J1
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.
38GF Score

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