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M3 Metals (TSXV:MT) Scaled Net Operating Assets : 0.39 (As of Feb. 2024)


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What is M3 Metals 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.

M3 Metals's operating assets for the quarter that ended in Feb. 2024 was C$1.62 Mil. M3 Metals's operating liabilities for the quarter that ended in Feb. 2024 was C$0.12 Mil. M3 Metals's Total Assets for the quarter that ended in Nov. 2023 was C$3.84 Mil. Therefore, M3 Metals's scaled net operating assets (SNOA) for the quarter that ended in Feb. 2024 was 0.39.


M3 Metals Scaled Net Operating Assets Historical Data

The historical data trend for M3 Metals'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.

M3 Metals Scaled Net Operating Assets Chart

M3 Metals Annual Data
Trend Aug14 Aug15 Aug16 Aug17 Aug18 Aug19 Aug20 Aug21 Aug22 Aug23
Scaled Net Operating Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.56 0.79 0.15 -0.22 0.11

M3 Metals Quarterly Data
May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -0.19 0.19 0.10 1.05 0.39

Competitive Comparison of M3 Metals's Scaled Net Operating Assets

For the Other Industrial Metals & Mining subindustry, M3 Metals'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.


M3 Metals's Scaled Net Operating Assets Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, M3 Metals's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where M3 Metals's Scaled Net Operating Assets falls into.



M3 Metals 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.

M3 Metals'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 )
=(0.276-0.109)/1.467
=0.11

where

Operating Assets(A: Aug. 2023 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=1.405 - 1.129
=0.276

Operating Liabilities(A: Aug. 2023 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=0.109 - 0 - 0
=0.109

M3 Metals'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 )
=(1.621-0.123)/3.837
=0.39

where

Operating Assets(Q: Feb. 2024 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=3.538 - 1.917
=1.621

Operating Liabilities(Q: Feb. 2024 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=0.123 - 0 - 0
=0.123

* 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.


M3 Metals Scaled Net Operating Assets Related Terms

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M3 Metals (TSXV:MT) Business Description

Traded in Other Exchanges
Address
1455 Bellevue Avenue, Suite 300, Vancouver, BC, CAN, V7T 1C3
M3 Metals Corp is a Canadian listed company. The company's business is to acquire, explore, and develop interests in mineral properties located in North America. Its only operating segment, being the acquisition and exploration of assets. The company's projects include Texas Spring project, G-South property and Lakshmi-Daggett Ridge project.
Executives
Adrian Allister Smith Director
Kosta Tsoutsis Director