TORXF (Torex Gold Resources) Scaled Net Operating Assets : 0.80 (As of Sep. 2024)

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What is Torex Gold Resources 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.

Torex Gold Resources's operating assets for the quarter that ended in Sep. 2024 was $1,941 Mil. Torex Gold Resources's operating liabilities for the quarter that ended in Sep. 2024 was $358 Mil. Torex Gold Resources's Total Assets for the quarter that ended in Jun. 2024 was $1,969 Mil. Therefore, Torex Gold Resources's scaled net operating assets (SNOA) for the quarter that ended in Sep. 2024 was 0.80.

Torex Gold Resources Scaled Net Operating Assets Historical Data

The historical data trend for Torex Gold Resources'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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Torex Gold Resources Scaled Net Operating Assets Chart

Torex Gold Resources Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Scaled Net Operating Assets

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0.67

0.64

0.68

0.85

Torex Gold Resources Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Scaled Net Operating Assets	Get a 7-Day Free Trial															0.74	0.79	0.80	0.81	0.80

Competitive Comparison of Torex Gold Resources's Scaled Net Operating Assets

For the Gold subindustry, Torex Gold Resources'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.

Torex Gold Resources's Scaled Net Operating Assets Distribution in the Metals & Mining Industry

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

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

Torex Gold Resources 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.

Torex Gold Resources'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 )
=	(1663	-	308.7)	/	1593.3
=	0.85

where

	Operating Assets		(A: Dec. 2023 )
=	Total Assets	-	Cash, Cash Equivalents, Marketable Securities
=	1835.8	-	172.8
=	1663

	Operating Liabilities		(A: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	340.7	-	8.1	-	23.9
=	308.7

Torex Gold Resources'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 )
=	(1941.4	-	358.4)	/	1969.2
=	0.80

where

	Operating Assets		(Q: Sep. 2024 )
=	Total Assets	-	Cash, Cash Equivalents, Marketable Securities
=	2055.9	-	114.5
=	1941.4

	Operating Liabilities		(Q: Sep. 2024 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	485.5	-	99.4	-	27.7
=	358.4

Torex Gold Resources Scaled Net Operating Assets Related Terms

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Torex Gold Resources Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Torex Gold Resources Inc (OTCPK:TORXF) » Definitions » Scaled Net Operating Assets

Comparable Companies

Traded in Other Exchanges

TXG1:Mexico 0VL5:UK 73GN:Germany 73GN:Germany TXG:Canada

Address

130 King Street West, Suite 740, Exchange Tower, Toronto, ON, CAN, M5X 2A2

Website

https://www.torexgold.com

Torex Gold Resources Inc is an intermediate producer of gold and other precious metals, engaged in the exploration, development, and exploration of its wholly owned Morelos Gold Property. The property consists of 29,000 hectares in the Guerrero Gold Belt, located 180 kilometres southwest of Mexico City and approximately 50 kilometres southwest of Iguala. Within this property, the company has two assets: the El Limon-Guajes Mine, an open pit gold deposit located north of the Balsas river, and the Media Luna Project.