Trojan Gold (XCNQ:TGII) Scaled Net Operating Assets : 0.60 (As of Sep. 2024)

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What is Trojan 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.

Trojan Gold's operating assets for the quarter that ended in Sep. 2024 was C$1.00 Mil. Trojan Gold's operating liabilities for the quarter that ended in Sep. 2024 was C$0.41 Mil. Trojan Gold's Total Assets for the quarter that ended in Jun. 2024 was C$1.00 Mil. Therefore, Trojan Gold's scaled net operating assets (SNOA) for the quarter that ended in Sep. 2024 was 0.60.

Trojan Gold Scaled Net Operating Assets Historical Data

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

Trojan Gold Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Scaled Net Operating Assets

0.64

0.54

0.44

Trojan Gold Quarterly Data
	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Scaled Net Operating Assets	Get a 7-Day Free Trial											0.46	0.43	0.57	0.84	0.60

Competitive Comparison of Trojan Gold's Scaled Net Operating Assets

For the Gold subindustry, Trojan 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.

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

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

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

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Trojan 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.

Trojan Gold'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 )
=	(0.735	-	0.295)	/	1.01
=	0.44

where

	Operating Assets		(A: Dec. 2023 )
=	Total Assets	-	Cash, Cash Equivalents, Marketable Securities
=	0.735	-	0
=	0.735

	Operating Liabilities		(A: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	0.3	-	0	-	0.005
=	0.295

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

	Scaled Net Operating Assets (SNOA)		(Q: Sep. 2024 )
=	(Operating Assets (Q: Sep. 2024 )	-	Operating Liabilities (Q: Sep. 2024 ))	/	Total Assets (Q: Jun. 2024 )
=	(1.003	-	0.405)	/	1
=	0.60

where

	Operating Assets		(Q: Sep. 2024 )
=	Total Assets	-	Cash, Cash Equivalents, Marketable Securities
=	1.098	-	0.095
=	1.003

	Operating Liabilities		(Q: Sep. 2024 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	0.436	-	0	-	0.031
=	0.405

Trojan Gold Scaled Net Operating Assets Related Terms

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Trojan Gold Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Trojan Gold Inc (XCNQ:TGII) » Definitions » Scaled Net Operating Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

82 Richmond Street East, Suite 401, Toronto, ON, CAN, M5C 1P1

Website

https://www.trojangold.com

Trojan Gold Inc is a mineral resource company engaged in the acquisition and exploration of mineral resource properties in Canada and the Dominican Republic. Its objective is to locate, explore and develop precious metals, focusing initially on the exploration and development of the Hemlo South Project, located in Ontario.

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