StrategX Elements (XCNQ:STGX) Scaled Net Operating Assets : 0.20 (As of Mar. 2024)

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What is StrategX Elements 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.

StrategX Elements's operating assets for the quarter that ended in Mar. 2024 was C$2.55 Mil. StrategX Elements's operating liabilities for the quarter that ended in Mar. 2024 was C$2.02 Mil. StrategX Elements's Total Assets for the quarter that ended in Dec. 2023 was C$2.58 Mil. Therefore, StrategX Elements's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2024 was 0.20.

StrategX Elements Scaled Net Operating Assets Historical Data

The historical data trend for StrategX Elements'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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StrategX Elements Scaled Net Operating Assets Chart

StrategX Elements Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Scaled Net Operating Assets

0.86

1.11

0.85

0.12

StrategX Elements Quarterly Data
	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Scaled Net Operating Assets	Get a 7-Day Free Trial									0.51	0.50	0.51	0.13	0.21

Competitive Comparison of StrategX Elements's Scaled Net Operating Assets

For the Other Industrial Metals & Mining subindustry, StrategX Elements'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.

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

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

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

StrategX Elements 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.

StrategX Elements's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2023 is calculated as

	Scaled Net Operating Assets (SNOA)		(A: Dec. 2023 )
=	(Operating Assets (A: Dec. 2023 )	-	Operating Liabilities (A: Dec. 2023 ))	/	Total Assets (A: Dec. 2022 )
=	(2.576	-	2.019)	/	4.599
=	0.12

where

	Operating Assets		(A: Dec. 2023 )
=	Total Assets	-	Cash, Cash Equivalents, Marketable Securities
=	2.582	-	0.006
=	2.576

	Operating Liabilities		(A: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	2.09	-	0.031	-	0.04
=	2.019

StrategX Elements's Scaled Net Operating Assets (SNOA) for the quarter that ended in Mar. 2024 is calculated as

	Scaled Net Operating Assets (SNOA)		(Q: Mar. 2024 )
=	(Operating Assets (Q: Mar. 2024 )	-	Operating Liabilities (Q: Mar. 2024 ))	/	Total Assets (Q: Dec. 2023 )
=	(2.553	-	2.024)	/	2.582
=	0.20

where

	Operating Assets		(Q: Mar. 2024 )
=	Total Assets	-	Cash, Cash Equivalents, Marketable Securities
=	2.567	-	0.014
=	2.553

	Operating Liabilities		(Q: Mar. 2024 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	2.086	-	0.022	-	0.04
=	2.024

StrategX Elements Scaled Net Operating Assets Related Terms

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StrategX Elements (XCNQ:STGX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » StrategX Elements Corp (XCNQ:STGX) » Definitions » Scaled Net Operating Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

55 Water Street, Suite 514, Vancouver, BC, CAN, V6B 1A1

Website

https://www.strategxcorp.com

StrategX Elements Corp X is engaged in the acquisition, exploration, and development of mineral resource properties. The company owns properties in the Northwest Territories and Nunavut, Canada. Its principal property is the 939 Property located in the Northwest Territories.

Executives

Darren Greg Bahrey

Senior Officer

StrategX Elements (XCNQ:STGX) Headlines

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