Ares Strategic Mining (XCNQ:ARS) Scaled Net Operating Assets : 0.97 (As of Jun. 2024)

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What is Ares Strategic Mining 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.

Ares Strategic Mining's operating assets for the quarter that ended in Jun. 2024 was C$33.69 Mil. Ares Strategic Mining's operating liabilities for the quarter that ended in Jun. 2024 was C$3.30 Mil. Ares Strategic Mining's Total Assets for the quarter that ended in Mar. 2024 was C$31.32 Mil. Therefore, Ares Strategic Mining's scaled net operating assets (SNOA) for the quarter that ended in Jun. 2024 was 0.97.

Ares Strategic Mining Scaled Net Operating Assets Historical Data

The historical data trend for Ares Strategic Mining'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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Ares Strategic Mining Scaled Net Operating Assets Chart

Ares Strategic Mining Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Scaled Net Operating Assets

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0.79

1.93

2.27

1.11

1.00

Ares Strategic Mining Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Scaled Net Operating Assets	Get a 7-Day Free Trial															0.88	0.81	1.66	0.97	0.97

Competitive Comparison of Ares Strategic Mining's Scaled Net Operating Assets

For the Other Industrial Metals & Mining subindustry, Ares Strategic Mining'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.

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

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

* The bar in red indicates where Ares Strategic Mining's Scaled Net Operating Assets falls into.

Ares Strategic Mining 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.

Ares Strategic Mining's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Sep. 2023 is calculated as

	Scaled Net Operating Assets (SNOA)		(A: Sep. 2023 )
=	(Operating Assets (A: Sep. 2023 )	-	Operating Liabilities (A: Sep. 2023 ))	/	Total Assets (A: Sep. 2022 )
=	(16.837	-	0.656)	/	16.134
=	1.00

where

	Operating Assets		(A: Sep. 2023 )
=	Total Assets	-	Cash, Cash Equivalents, Marketable Securities
=	17.475	-	0.638
=	16.837

	Operating Liabilities		(A: Sep. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	7.257	-	4.679	-	1.922
=	0.656

Ares Strategic Mining's Scaled Net Operating Assets (SNOA) for the quarter that ended in Jun. 2024 is calculated as

	Scaled Net Operating Assets (SNOA)		(Q: Jun. 2024 )
=	(Operating Assets (Q: Jun. 2024 )	-	Operating Liabilities (Q: Jun. 2024 ))	/	Total Assets (Q: Mar. 2024 )
=	(33.686	-	3.296)	/	31.323
=	0.97

where

	Operating Assets		(Q: Jun. 2024 )
=	Total Assets	-	Cash, Cash Equivalents, Marketable Securities
=	34.062	-	0.376
=	33.686

	Operating Liabilities		(Q: Jun. 2024 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	22.329	-	15.961	-	3.072
=	3.296

Ares Strategic Mining Scaled Net Operating Assets Related Terms

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Ares Strategic Mining Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Ares Strategic Mining Inc (XCNQ:ARS) » Definitions » Scaled Net Operating Assets

Comparable Companies

Traded in Other Exchanges

ARSMF:USA N8I:Germany

Address

409 Granville Street, Suite 1001, Vancouver, BC, CAN, V6C 1T2

Website

https://www.aresmining.com

Ares Strategic Mining Inc is a junior natural resource mining company. The Company has one reportable segment, being the acquisition, exploration, and development of resource properties. It is engaged in the acquisition and exploration of lithium resource properties. Its projects include Lost Sheep, Vanadium Ridge Property, and Liard Property.

Executives

James Walker	Director, Senior Officer
Viktoriya Griffin	Senior Officer
Paul Thomson Sarjeant	Director
Bo Li	Director
Karl Marek	Director
Tuangphak Klaimanee	Senior Officer
Raul Sanabria	Director

Ares Strategic Mining Headlines

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