Flexiroam (ASX:FRX) Scaled Net Operating Assets: 0.23 (As of Dec. 2025)


What is Flexiroam Scaled Net Operating Assets?

Flexiroam ASX:FRX Scaled Net Operating Assets is 0.23 as of Dec. 2025. 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.

Flexiroam's operating assets for the quarter that ended in Dec. 2025 was A$6.01 Mil. Flexiroam's operating liabilities for the quarter that ended in Dec. 2025 was A$4.17 Mil. Flexiroam's Total Assets for the quarter that ended in Jun. 2025 was A$7.95 Mil. Therefore, Flexiroam's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2025 was 0.23.

Flexiroam Scaled Net Operating Assets Historical Data

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The historical data trend for Flexiroam'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.

Flexiroam Scaled Net Operating Assets Chart

Flexiroam Annual Data
Trend Jun15 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Jun24 Jun25
Scaled Net Operating Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only -4.52 -1.82 -0.67 0.00 0.09

Flexiroam Semi-Annual Data
Dec15 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 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 0.00 0.23 -0.13 0.11 0.23

ASX:FRX vs TMUS, VZ, T: Scaled Net Operating Assets Comparison

For the Telecom Services subindustry, Flexiroam'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.

Flexiroam Scaled Net Operating Assets vs Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, Flexiroam's Scaled Net Operating Assets distribution charts can be found below:

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


Flexiroam 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.

Flexiroam'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 )
=(6.302-5.457)/9.109
=0.09

where

Operating Assets(A: Jun. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=7.945 - 1.643
=6.302

Operating Liabilities(A: Jun. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=5.457 - 0 - 0
=5.457

Flexiroam'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 )
=(6.005-4.167)/7.945
=0.23

where

Operating Assets(Q: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=9.212 - 3.207
=6.005

Operating Liabilities(Q: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=5.021 - 0 - 0.854
=4.167

* 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 0.23 mean?
Flexiroam (ASX:FRX) has a Scaled Net Operating Assets of 0.23 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 Flexiroam and its competitors.
Is Flexiroam's Scaled Net Operating Assets too high?
Flexiroam's current Scaled Net Operating Assets is 0.23.
How does Flexiroam's Scaled Net Operating Assets compare to TMUS and VZ?
Flexiroam's Scaled Net Operating Assets of 0.23 can be compared against companies in the Telecommunication Services 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 Telecommunication Services company?
A good Scaled Net Operating Assets depends on the Telecommunication Services 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 Flexiroam and its competitors. Flexiroam's current Scaled Net Operating Assets is 0.23. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Flexiroam stock overvalued right now?
Based on GuruFocus' analysis, Flexiroam (ASX:FRX) is currently considered Significantly Overvalued. The stock's GF Value™ is A$0.01, compared to a current price of A$0.02 — trading 80% above its estimated fair value. The current Scaled Net Operating Assets is 0.23. 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 Flexiroam (ASX:FRX), the current Scaled Net Operating Assets is 0.23 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.

Flexiroam Business Description

Address No. 6, Jalan SS21/37, Damansara Utama, Lot 4-401 & 4-402, Level 4, The Starling Mall, Petaling Jaya, SGR, MYS, 47400
Flexiroam Ltd is a virtual network operator engaged in the supply of eSIM & Physical SIM-based data solutions into the international Roaming and Solutions segments. The operating segment includes Travel and Business-to-Business (B2B). The travel segment provides mobile data connectivity solutions to consumers. Revenue is generated through two primary channels: direct-to-consumer sales and the brand partnership channel, where connectivity is provided to the end-customers of enterprise partners. The Business-to-Business (B2B) segment provides wholesale connectivity solutions and other technology services directly to business clients.