Visible Gold Mines (TSXV:VGD) Scaled Net Operating Assets : 0.53 (As of Jan. 2024)

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What is Visible Gold Mines 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.

Visible Gold Mines's operating assets for the quarter that ended in Jan. 2024 was C$0.75 Mil. Visible Gold Mines's operating liabilities for the quarter that ended in Jan. 2024 was C$0.29 Mil. Visible Gold Mines's Total Assets for the quarter that ended in Oct. 2023 was C$0.86 Mil. Therefore, Visible Gold Mines's scaled net operating assets (SNOA) for the quarter that ended in Jan. 2024 was 0.53.

Visible Gold Mines Scaled Net Operating Assets Historical Data

The historical data trend for Visible Gold Mines'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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Visible Gold Mines Scaled Net Operating Assets Chart

Visible Gold Mines Annual Data

Trend

Jul14

Jul15

Jul16

Jul17

Jul18

Jul19

Jul20

Jul21

Jul22

Jul23

Scaled Net Operating Assets

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0.56

0.93

0.98

0.22

0.41

Visible Gold Mines Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Scaled Net Operating Assets	Get a 7-Day Free Trial															0.81	0.84	0.44	0.71	0.53

Competitive Comparison of Visible Gold Mines's Scaled Net Operating Assets

For the Gold subindustry, Visible Gold Mines'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.

Visible Gold Mines's Scaled Net Operating Assets Distribution in the Metals & Mining Industry

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

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

Visible Gold Mines 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.

Visible Gold Mines's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Jul. 2023 is calculated as

	Scaled Net Operating Assets (SNOA)		(A: Jul. 2023 )
=	(Operating Assets (A: Jul. 2023 )	-	Operating Liabilities (A: Jul. 2023 ))	/	Total Assets (A: Jul. 2022 )
=	(0.775	-	0.164)	/	1.476
=	0.41

where

	Operating Assets		(A: Jul. 2023 )
=	Total Assets	-	Cash, Cash Equivalents, Marketable Securities
=	0.797	-	0.022
=	0.775

	Operating Liabilities		(A: Jul. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	0.255	-	0.075	-	0.016
=	0.164

Visible Gold Mines's Scaled Net Operating Assets (SNOA) for the quarter that ended in Jan. 2024 is calculated as

	Scaled Net Operating Assets (SNOA)		(Q: Jan. 2024 )
=	(Operating Assets (Q: Jan. 2024 )	-	Operating Liabilities (Q: Jan. 2024 ))	/	Total Assets (Q: Oct. 2023 )
=	(0.745	-	0.288)	/	0.864
=	0.53

where

	Operating Assets		(Q: Jan. 2024 )
=	Total Assets	-	Cash, Cash Equivalents, Marketable Securities
=	0.773	-	0.028
=	0.745

	Operating Liabilities		(Q: Jan. 2024 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	0.371	-	0.067	-	0.016
=	0.288

Visible Gold Mines Scaled Net Operating Assets Related Terms

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Visible Gold Mines (TSXV:VGD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Visible Gold Mines Inc (TSXV:VGD) » Definitions » Scaled Net Operating Assets

Comparable Companies

Traded in Other Exchanges

VGMIF:USA 3V41:Germany

Address

147 Quebec Avenue (porte arriere), Rouyn-Noranda, QC, CAN, J9X 6M8

Website

https://www.visiblegoldmines.com

Visible Gold Mines Inc is engaged in the acquisition and exploration of mineral properties with prospects for hosting gold mineral deposits in Canada. The company has a single reporting segment. Its properties include CarLi Project, Piko Property, NataLi Project, Veronik, Piko, Horsefly, Hazeur and others.

Executives

Sylvain Champagne

Director, Senior Officer

Visible Gold Mines (TSXV:VGD) Headlines

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