Bhagwan Marine (ASX:BWN) Scaled Net Operating Assets: 0.79 (As of Dec. 2025)


ASX:BWN Bhagwan Marine Ltd ASX:BWN
21 GF Score
Price A$0.29
! 4 Warning Signs
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What is Bhagwan Marine Scaled Net Operating Assets?

Bhagwan Marine ASX:BWN +3.64% 21 Scaled Net Operating Assets is 0.79 as of Dec. 2025. GuruFocus rates ASX:BWN with a GF Score™ of 21/100. The stock has 4 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.

Bhagwan Marine's operating assets for the quarter that ended in Dec. 2025 was A$264.5 Mil. Bhagwan Marine's operating liabilities for the quarter that ended in Dec. 2025 was A$40.7 Mil. Bhagwan Marine's Total Assets for the quarter that ended in Jun. 2025 was A$281.8 Mil. Therefore, Bhagwan Marine's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2025 was 0.79.


Bhagwan Marine Scaled Net Operating Assets Historical Data

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The historical data trend for Bhagwan Marine'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.

Bhagwan Marine Scaled Net Operating Assets Chart

Bhagwan Marine Annual Data
Trend Jun22 Jun23 Jun24 Jun25
Scaled Net Operating Assets
0.00 0.00 0.00 0.86

Bhagwan Marine Semi-Annual Data
Jun22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Scaled Net Operating Assets Get a 7-Day Free Trial 0.00 0.80 0.74 0.89 0.79

Bhagwan Marine Scaled Net Operating Assets Competitor Comparison

For the Marine Shipping subindustry, Bhagwan Marine'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.


Bhagwan Marine Scaled Net Operating Assets vs Transportation Industry

For the Transportation industry and Industrials sector, Bhagwan Marine's Scaled Net Operating Assets distribution charts can be found below:

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


ASX:BWN
21GF Score
Bhagwan Marine Ltd ASX:BWN
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Bhagwan Marine 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.

Bhagwan Marine's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Jun. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(A: Jun. 2025 )
=(Operating Assets (A: Jun. 2025 )-Operating Liabilities (A: Jun. 2025 ))/Total Assets (A: Jun. 2024 )
=(265.599-47.879)/254.154
=0.86

where

Operating Assets(A: Jun. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=281.791 - 16.192
=265.599

Operating Liabilities(A: Jun. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=113.983 - 29.337 - 36.767
=47.879

Bhagwan Marine'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 )
=(264.549-40.668)/281.791
=0.79

where

Operating Assets(Q: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=281.843 - 17.294
=264.549

Operating Liabilities(Q: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=112.025 - 36.809 - 34.548
=40.668

* 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 0.79 mean?
Bhagwan Marine (ASX:BWN) has a Scaled Net Operating Assets of 0.79 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 Bhagwan Marine and its competitors.
Is Bhagwan Marine's Scaled Net Operating Assets too high?
Bhagwan Marine's current Scaled Net Operating Assets is 0.79. Overall, Bhagwan Marine has a GF Score™ of 21/100, reflecting its overall financial health beyond just this single metric.
How does Bhagwan Marine's Scaled Net Operating Assets compare to competitors?
Bhagwan Marine's Scaled Net Operating Assets of 0.79 can be compared against companies in the Transportation 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 Transportation company?
A good Scaled Net Operating Assets depends on the Transportation 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 Bhagwan Marine and its competitors. Bhagwan Marine's current Scaled Net Operating Assets is 0.79. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bhagwan Marine stock overvalued right now?
Bhagwan Marine (ASX:BWN) has a current Scaled Net Operating Assets of 0.79. The current Scaled Net Operating Assets is 0.79. Bhagwan Marine's overall GF Score™ is 21/100 with 4 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 Bhagwan Marine (ASX:BWN), the current Scaled Net Operating Assets is 0.79 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.

Bhagwan Marine Business Description

Address 251 St Georges Terrace, Level 3, Perth, WA, AUS, 6000
Bhagwan Marine Ltd is a marine vessel operator and service provider. It is engaged in operating a diverse range of vessels providing marine solutions across the offshore energy, subsea, ports and inshore, and defence sectors. The group has a diverse fleet of purpose-built charter vessels and marine assets available for hire, including ASD harbour tugs, coastal towage tugs, anchor handling tug supply, multicats, dive support vessels, landing craft, crew transfer vessels, and utility vessels, among others. In addition, it provides various marine services such as ROV support, coastal freight, transshipping, vessel line handling, general underwater construction, oil field support services, etc. Geographically, the group derives a majority of its revenue from Australia.
21GF Score

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