Avanti Gold (XCNQ:AGC) Scaled Net Operating Assets : -75.48 (As of Apr. 2024)

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What is Avanti 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.

Avanti Gold's operating assets for the quarter that ended in Apr. 2024 was C$0.06 Mil. Avanti Gold's operating liabilities for the quarter that ended in Apr. 2024 was C$6.55 Mil. Avanti Gold's Total Assets for the quarter that ended in Jan. 2024 was C$0.09 Mil. Therefore, Avanti Gold's scaled net operating assets (SNOA) for the quarter that ended in Apr. 2024 was -75.48.

Avanti Gold Scaled Net Operating Assets Historical Data

The historical data trend for Avanti 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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Avanti Gold Scaled Net Operating Assets Chart

Avanti Gold Annual Data

Trend

Apr15

Apr16

Apr17

Apr18

Apr19

Apr20

Apr21

Apr22

Apr23

Apr24

Scaled Net Operating Assets

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-3.07

3.46

-1.45

-102.95

-18.34

Avanti Gold Quarterly Data
	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24
Scaled Net Operating Assets	Get a 7-Day Free Trial															-5.36	-16.29	-65.32	-77.15	-75.48

Competitive Comparison of Avanti Gold's Scaled Net Operating Assets

For the Gold subindustry, Avanti 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.

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

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

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

Avanti 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.

Avanti Gold's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Apr. 2024 is calculated as

	Scaled Net Operating Assets (SNOA)		(A: Apr. 2024 )
=	(Operating Assets (A: Apr. 2024 )	-	Operating Liabilities (A: Apr. 2024 ))	/	Total Assets (A: Apr. 2023 )
=	(0.059	-	6.55)	/	0.354
=	-18.34

where

	Operating Assets		(A: Apr. 2024 )
=	Total Assets	-	Cash, Cash Equivalents, Marketable Securities
=	0.301	-	0.242
=	0.059

	Operating Liabilities		(A: Apr. 2024 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	7.275	-	0	-	0.725
=	6.55

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

	Scaled Net Operating Assets (SNOA)		(Q: Apr. 2024 )
=	(Operating Assets (Q: Apr. 2024 )	-	Operating Liabilities (Q: Apr. 2024 ))	/	Total Assets (Q: Jan. 2024 )
=	(0.059	-	6.55)	/	0.086
=	-75.48

where

	Operating Assets		(Q: Apr. 2024 )
=	Total Assets	-	Cash, Cash Equivalents, Marketable Securities
=	0.301	-	0.242
=	0.059

	Operating Liabilities		(Q: Apr. 2024 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	7.275	-	0	-	0.725
=	6.55

Avanti Gold Scaled Net Operating Assets Related Terms

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Avanti Gold Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Avanti Gold Corp (XCNQ:AGC) » Definitions » Scaled Net Operating Assets

Comparable Companies

Traded in Other Exchanges

AVTGF:USA X370:Germany

Address

1055 West Hastings Street, Suite 2380, Vancouver, BC, CAN, V6E 2E9

Website

https://www.avantigoldcorp.com

Avanti Gold Corp is a mineral exploration company working on a Tier-1 gold opportunity in the Democratic Republic of the Congo, located in the Fizi territory of South Kivu province. The Misisi Gold Project has a contained Inferred Mineral Resource of 3 million ounces of gold. The Project is comprised of three contiguous 30-year mining leases, covering 133 square kilometers of prospective exploration ground along the 55-kilometer-long Kibara Gold Belt.

Executives

The K2 Principal Fund L.p.

10% Security Holder