Forum Energy Metals (TSXV:FMC) Scaled Net Operating Assets : -0.72 (As of Feb. 2024)

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What is Forum Energy Metals 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.

Forum Energy Metals's operating assets for the quarter that ended in Feb. 2024 was C$1.96 Mil. Forum Energy Metals's operating liabilities for the quarter that ended in Feb. 2024 was C$4.45 Mil. Forum Energy Metals's Total Assets for the quarter that ended in Nov. 2023 was C$3.45 Mil. Therefore, Forum Energy Metals's scaled net operating assets (SNOA) for the quarter that ended in Feb. 2024 was -0.72.

Forum Energy Metals Scaled Net Operating Assets Historical Data

The historical data trend for Forum Energy Metals'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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Forum Energy Metals Scaled Net Operating Assets Chart

Forum Energy Metals Annual Data

Trend

Nov14

Nov15

Nov16

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

Nov23

Scaled Net Operating Assets

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0.75

0.58

0.92

0.11

0.21

Forum Energy Metals Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Scaled Net Operating Assets	Get a 7-Day Free Trial															0.71	0.86	0.74	0.15	-0.72

Competitive Comparison of Forum Energy Metals's Scaled Net Operating Assets

For the Other Industrial Metals & Mining subindustry, Forum Energy Metals'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.

Forum Energy Metals's Scaled Net Operating Assets Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Forum Energy Metals's Scaled Net Operating Assets falls into.

Forum Energy Metals 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.

Forum Energy Metals's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Nov. 2023 is calculated as

	Scaled Net Operating Assets (SNOA)		(A: Nov. 2023 )
=	(Operating Assets (A: Nov. 2023 )	-	Operating Liabilities (A: Nov. 2023 ))	/	Total Assets (A: Nov. 2022 )
=	(1.978	-	1.272)	/	3.363
=	0.21

where

	Operating Assets		(A: Nov. 2023 )
=	Total Assets	-	Cash, Cash Equivalents, Marketable Securities
=	3.449	-	1.471
=	1.978

	Operating Liabilities		(A: Nov. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	1.272	-	0	-	0
=	1.272

Forum Energy Metals's Scaled Net Operating Assets (SNOA) for the quarter that ended in Feb. 2024 is calculated as

	Scaled Net Operating Assets (SNOA)		(Q: Feb. 2024 )
=	(Operating Assets (Q: Feb. 2024 )	-	Operating Liabilities (Q: Feb. 2024 ))	/	Total Assets (Q: Nov. 2023 )
=	(1.962	-	4.451)	/	3.449
=	-0.72

where

	Operating Assets		(Q: Feb. 2024 )
=	Total Assets	-	Cash, Cash Equivalents, Marketable Securities
=	12.546	-	10.584
=	1.962

	Operating Liabilities		(Q: Feb. 2024 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	4.451	-	0	-	0
=	4.451

Forum Energy Metals Scaled Net Operating Assets Related Terms

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Forum Energy Metals (TSXV:FMC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Forum Energy Metals Corp (TSXV:FMC) » Definitions » Scaled Net Operating Assets

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FDCFF:USA

Address

800 West Pender Street, Suite 615, Vancouver, BC, CAN, V6C 2V6

Website

https://www.forumenergymetals.com

Forum Energy Metals Corp is a Canadian-based mineral resource company focused on the acquisition, exploration, and development of energy metals: copper, cobalt, uranium, and palladium. Its projects include Fir Island uranium property, Henday Lake uranium property, Janice Lake Sedimentary Copper Project, Love Lake Copper-Nickel-Palladium Project, Quartz Gulch Cobalt Project, Idaho, Key Lake Road uranium project, Maurice Point uranium project, and North West Athabasca among others.

Executives

Richard James Mazur

Director, Senior Officer