Element 29 Resources (Element 29 Resources) Scaled Net Operating Assets : 0.91 (As of Mar. 2024)

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What is Element 29 Resources 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.

Element 29 Resources's operating assets for the quarter that ended in Mar. 2024 was $10.99 Mil. Element 29 Resources's operating liabilities for the quarter that ended in Mar. 2024 was $0.16 Mil. Element 29 Resources's Total Assets for the quarter that ended in Dec. 2023 was $11.87 Mil. Therefore, Element 29 Resources's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2024 was 0.91.

Element 29 Resources Scaled Net Operating Assets Historical Data

The historical data trend for Element 29 Resources'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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Element 29 Resources Scaled Net Operating Assets Chart

Element 29 Resources Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Scaled Net Operating Assets

0.68

0.97

0.74

0.69

1.01

Element 29 Resources Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23	Mar24
Scaled Net Operating Assets	Get a 7-Day Free Trial													0.81	0.94	1.00	0.89	0.91

Competitive Comparison of Element 29 Resources's Scaled Net Operating Assets

For the Copper subindustry, Element 29 Resources'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.

Element 29 Resources's Scaled Net Operating Assets Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Element 29 Resources's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where Element 29 Resources's Scaled Net Operating Assets falls into.

Element 29 Resources 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.

Element 29 Resources'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 )
=	(10.957	-	0.1)	/	10.705
=	1.01

where

	Operating Assets		(A: Dec. 2023 )
=	Total Assets	-	Cash, Cash Equivalents, Marketable Securities
=	11.872	-	0.915
=	10.957

	Operating Liabilities		(A: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	0.132	-	0.01	-	0.022
=	0.1

Element 29 Resources'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 )
=	(10.991	-	0.159)	/	11.872
=	0.91

where

	Operating Assets		(Q: Mar. 2024 )
=	Total Assets	-	Cash, Cash Equivalents, Marketable Securities
=	11.6	-	0.609
=	10.991

	Operating Liabilities		(Q: Mar. 2024 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	0.185	-	0.004	-	0.022
=	0.159

Element 29 Resources Scaled Net Operating Assets Related Terms

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Element 29 Resources (Element 29 Resources) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Element 29 Resources Inc (OTCPK:EMTRF) » Definitions » Scaled Net Operating Assets

Comparable Companies

Traded in Other Exchanges

ECU:Canada

Address

1650 - 1066 West Hastings Street, Vancouver, BC, CAN, V6C3X1

Website

https://www.e29copper.com

Element 29 Resources Inc is a Canada-based mineral exploration company engaged in the acquisition, exploration and evaluation of resource properties. Its projects include the Flor de Cobre copper project and the Elida copper Project, among others. It has one business segment, the exploration of mineral properties. The company's properties are located in Peru.

Element 29 Resources (Element 29 Resources) Headlines

From GuruFocus

Element 29 Resources Inc at OTC Markets Battery & Precious Metals Virtual Investor Conference Transcript

By GuruFocus Research • 02-13-2024