Ariana Resources (ASX:AA2) Scaled Net Operating Assets: 0.88 (As of Dec. 2025)


ASX:AA2 Ariana Resources PLC ASX:AA2
24 GF Score
Price A$0.30
! 3 Warning Signs
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What is Ariana Resources Scaled Net Operating Assets?

Ariana Resources ASX:AA2 24 Scaled Net Operating Assets is 0.88 as of Dec. 2025. GuruFocus rates ASX:AA2 with a GF Score™ of 24/100. The stock has 3 warning signs investors should review.

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Ariana Resources's operating assets for the quarter that ended in Dec. 2025 was A$82.71 Mil. Ariana Resources's operating liabilities for the quarter that ended in Dec. 2025 was A$0.98 Mil. Ariana Resources's Total Assets for the quarter that ended in Jun. 2025 was A$93.07 Mil. Therefore, Ariana Resources's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2025 was 0.88.


Ariana Resources Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Ariana 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.

Ariana Resources Scaled Net Operating Assets Chart

Ariana Resources Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Scaled Net Operating Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.40 0.56 0.65 2.12 0.90

Ariana Resources Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Scaled Net Operating Assets Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.77 1.55 1.27 1.00 0.88

ASX:AA2 vs NEM, AU: Scaled Net Operating Assets Comparison

For the Gold subindustry, Ariana 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.


Ariana Resources Scaled Net Operating Assets vs Metals & Mining Industry

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

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


ASX:AA2
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Ariana Resources PLC ASX:AA2
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Ariana 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.

Ariana Resources's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(A: Dec. 2025 )
=(Operating Assets (A: Dec. 2025 )-Operating Liabilities (A: Dec. 2025 ))/Total Assets (A: Dec. 2024 )
=(82.705-0.977)/91.013
=0.90

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=93.657 - 10.952
=82.705

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=2.244 - 0 - 1.267
=0.977

Ariana Resources's Scaled Net Operating Assets (SNOA) for the quarter that ended in Dec. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Dec. 2025 )
=(Operating Assets (Q: Dec. 2025 )-Operating Liabilities (Q: Dec. 2025 ))/Total Assets (Q: Jun. 2025 )
=(82.705-0.977)/93.067
=0.88

where

Operating Assets(Q: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=93.657 - 10.952
=82.705

Operating Liabilities(Q: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=2.244 - 0 - 1.267
=0.977

* 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.

What does a Scaled Net Operating Assets of 0.88 mean?
Ariana Resources (ASX:AA2) has a Scaled Net Operating Assets of 0.88 as of Dec. 2025. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Ariana Resources and its competitors.
Is Ariana Resources' Scaled Net Operating Assets too high?
Ariana Resources' current Scaled Net Operating Assets is 0.88. Overall, Ariana Resources has a GF Score™ of 24/100, reflecting its overall financial health beyond just this single metric.
How does Ariana Resources' Scaled Net Operating Assets compare to NEM and AU?
Ariana Resources' Scaled Net Operating Assets of 0.88 can be compared against companies in the Metals & Mining industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Scaled Net Operating Assets for a Metals & Mining company?
A good Scaled Net Operating Assets depends on the Metals & Mining industry context. However, Scaled Net Operating Assets should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Scaled Net Operating Assets mean?
A high Scaled Net Operating Assets can signal that a stock is expensive relative to its fundamentals. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Ariana Resources and its competitors. Ariana Resources's current Scaled Net Operating Assets is 0.88. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ariana Resources stock overvalued right now?
Ariana Resources (ASX:AA2) has a current Scaled Net Operating Assets of 0.88. The current Scaled Net Operating Assets is 0.88. Ariana Resources' overall GF Score™ is 24/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Scaled Net Operating Assets calculated?
Scaled Net Operating Assets is calculated from a company's financial statements. For Ariana Resources (ASX:AA2), the current Scaled Net Operating Assets is 0.88 as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Ariana Resources Business Description

Other Exchanges AAU:UK4A6:Germany
Address 45 King William Street, 2nd Floor, Regis House, London, GBR, EC4R 9AN
Ariana Resources PLC is is a technology metals explorer, developer and producer. The company, along with its subsidiaries, focuses on the Dowkegold Project located in western Turkey and has the Salinbas, Tavsan, Ivrindi, and other projects. The group currently identifies one division as an operating segment: mineral exploration. The activities for this operating segment are as follows: Mineral exploration that incorporates the acquisition, exploration, and development of mineral resources.
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