Comet Industries (TSXV:CMU) Scaled Net Operating Assets : 0.52 (As of Oct. 2024)

View and export this data going back to 1972. Start your Free Trial

What is Comet Industries 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.

Comet Industries's operating assets for the quarter that ended in Oct. 2024 was C$5.45 Mil. Comet Industries's operating liabilities for the quarter that ended in Oct. 2024 was C$0.02 Mil. Comet Industries's Total Assets for the quarter that ended in Jul. 2024 was C$10.39 Mil. Therefore, Comet Industries's scaled net operating assets (SNOA) for the quarter that ended in Oct. 2024 was 0.52.

Comet Industries Scaled Net Operating Assets Historical Data

The historical data trend for Comet Industries'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.

Comet Industries Scaled Net Operating Assets Chart

Comet Industries Annual Data

Trend

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Jan24

Scaled Net Operating Assets

Get a 7-Day Free Trial

0.87

0.86

0.70

0.61

0.60

Comet Industries Quarterly Data
	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Jul24	Oct24
Scaled Net Operating Assets	Get a 7-Day Free Trial															0.55	0.62	0.13	0.25	0.52

Competitive Comparison of Comet Industries's Scaled Net Operating Assets

For the Real Estate Services subindustry, Comet Industries'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.

Comet Industries's Scaled Net Operating Assets Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Comet Industries's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where Comet Industries's Scaled Net Operating Assets falls into.

Save Embed

;

Save Embed

;

Comet Industries 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.

Comet Industries's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Jan. 2024 is calculated as

	Scaled Net Operating Assets (SNOA)		(A: Jan. 2024 )
=	(Operating Assets (A: Jan. 2024 )	-	Operating Liabilities (A: Jan. 2024 ))	/	Total Assets (A: Jan. 2023 )
=	(2.736	-	1.235)	/	2.505
=	0.60

where

	Operating Assets		(A: Jan. 2024 )
=	Total Assets	-	Cash, Cash Equivalents, Marketable Securities
=	11.267	-	8.531
=	2.736

	Operating Liabilities		(A: Jan. 2024 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	1.235	-	0	-	0
=	1.235

Comet Industries's Scaled Net Operating Assets (SNOA) for the quarter that ended in Oct. 2024 is calculated as

	Scaled Net Operating Assets (SNOA)		(Q: Oct. 2024 )
=	(Operating Assets (Q: Oct. 2024 )	-	Operating Liabilities (Q: Oct. 2024 ))	/	Total Assets (Q: Jul. 2024 )
=	(5.451	-	0.022)	/	10.391
=	0.52

where

	Operating Assets		(Q: Oct. 2024 )
=	Total Assets	-	Cash, Cash Equivalents, Marketable Securities
=	9.851	-	4.4
=	5.451

	Operating Liabilities		(Q: Oct. 2024 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	0.022	-	0	-	0
=	0.022

Comet Industries Scaled Net Operating Assets Related Terms

Thank you for viewing the detailed overview of Comet Industries's Scaled Net Operating Assets provided by GuruFocus.com. Please click on the following links to see related term pages.

Comet Industries Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Comet Industries Ltd (TSXV:CMU) » Definitions » Scaled Net Operating Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

1177 West Hastings Street, Suite 1610, Vancouver, BC, CAN, V6E 2K3

Website

Comet Industries Ltd is an exploration-stage company. Principally, it is engaged in the business of acquiring and holding mineral properties and holding and managing real properties, in British Columbia. The company owns unimproved land in Kamloops, Terrace, and Pender Harbor, and a rental property in Vancouver, British Columbia on a freehold basis. Its segment includes Rental, Exploration, and General or administration. The company generates maximum revenue from the Rental segment. It owns an interest in the Big Onion zone on the Iron Mask property, which consists of approximately five crown-granted mineral claims.

Executives