Nevada King Gold (TSXV:NKG) Scaled Net Operating Assets : 0.74 (As of Dec. 2023)

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What is Nevada King Gold 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.

Nevada King Gold's operating assets for the quarter that ended in Dec. 2023 was C$30.92 Mil. Nevada King Gold's operating liabilities for the quarter that ended in Dec. 2023 was C$0.73 Mil. Nevada King Gold's Total Assets for the quarter that ended in Sep. 2023 was C$40.97 Mil. Therefore, Nevada King Gold's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2023 was 0.74.

Nevada King Gold Scaled Net Operating Assets Historical Data

The historical data trend for Nevada King Gold'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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Nevada King Gold Scaled Net Operating Assets Chart

Nevada King Gold Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Scaled Net Operating Assets

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2.88

0.96

2.17

2.66

0.40

Nevada King Gold Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23
Scaled Net Operating Assets	Get a 7-Day Free Trial															0.79	0.86	0.32	0.79	0.74

Competitive Comparison of Nevada King Gold's Scaled Net Operating Assets

For the Other Industrial Metals & Mining subindustry, Nevada King Gold'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.

Nevada King Gold's Scaled Net Operating Assets Distribution in the Metals & Mining Industry

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

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

Nevada King Gold 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.

Nevada King Gold's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Mar. 2023 is calculated as

	Scaled Net Operating Assets (SNOA)		(A: Mar. 2023 )
=	(Operating Assets (A: Mar. 2023 )	-	Operating Liabilities (A: Mar. 2023 ))	/	Total Assets (A: Mar. 2022 )
=	(29.733	-	1.275)	/	70.655
=	0.40

where

	Operating Assets		(A: Mar. 2023 )
=	Total Assets	-	Cash, Cash Equivalents, Marketable Securities
=	37.664	-	7.931
=	29.733

	Operating Liabilities		(A: Mar. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	1.275	-	0	-	0
=	1.275

Nevada King Gold's Scaled Net Operating Assets (SNOA) for the quarter that ended in Dec. 2023 is calculated as

	Scaled Net Operating Assets (SNOA)		(Q: Dec. 2023 )
=	(Operating Assets (Q: Dec. 2023 )	-	Operating Liabilities (Q: Dec. 2023 ))	/	Total Assets (Q: Sep. 2023 )
=	(30.918	-	0.727)	/	40.971
=	0.74

where

	Operating Assets		(Q: Dec. 2023 )
=	Total Assets	-	Cash, Cash Equivalents, Marketable Securities
=	33.139	-	2.221
=	30.918

	Operating Liabilities		(Q: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	0.727	-	0	-	0
=	0.727

Nevada King Gold Scaled Net Operating Assets Related Terms

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Nevada King Gold (TSXV:NKG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Nevada King Gold Corp (TSXV:NKG) » Definitions » Scaled Net Operating Assets

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Traded in Other Exchanges

NKGFF:USA

Address

1600 - 595 Burrard Street, Vancouver, BC, CAN, V7X 1L4

Website

https://www.nevadaking.ca

Nevada King Gold Corp is a mineral exploration company engaged in the acquisition, exploration and evaluation of resource properties in Nevada. The company's project portfolio includes Atlanta, Lewis, Horse Mtn. mill creek, iron and other seven projects.

Executives

Michael A Parker

10% Security Holder