Iris Metals (ASX:IR1) Scaled Net Operating Assets : 0.79 (As of Sep. 2024)

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What is Iris 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.

Iris Metals's operating assets for the quarter that ended in Sep. 2024 was A$33.59 Mil. Iris Metals's operating liabilities for the quarter that ended in Sep. 2024 was A$0.84 Mil. Iris Metals's Total Assets for the quarter that ended in Mar. 2024 was A$41.43 Mil. Therefore, Iris Metals's scaled net operating assets (SNOA) for the quarter that ended in Sep. 2024 was 0.79.

Iris Metals Scaled Net Operating Assets Historical Data

The historical data trend for Iris 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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Iris Metals Scaled Net Operating Assets Chart

Iris Metals Annual Data

Trend

Mar22

Mar23

Scaled Net Operating Assets

2.57

Iris Metals Semi-Annual Data
	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24
Scaled Net Operating Assets	Get a 7-Day Free Trial			-0.03	6.12	2.16	0.80	0.79

Competitive Comparison of Iris Metals's Scaled Net Operating Assets

For the Gold subindustry, Iris 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.

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

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

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

Iris 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.

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

	Scaled Net Operating Assets (SNOA)		(A: Mar. 2023 )
=	(Operating Assets (A: Mar. 2023 )	-	Operating Liabilities (A: Mar. 2023 ))	/	Total Assets (A: Mar. 2022 )
=	(12.068	-	0.753)	/	4.406
=	2.57

where

	Operating Assets		(A: Mar. 2023 )
=	Total Assets	-	Cash, Cash Equivalents, Marketable Securities
=	12.743	-	0.675
=	12.068

	Operating Liabilities		(A: Mar. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	0.826	-	0	-	0.073
=	0.753

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

	Scaled Net Operating Assets (SNOA)		(Q: Sep. 2024 )
=	(Operating Assets (Q: Sep. 2024 )	-	Operating Liabilities (Q: Sep. 2024 ))	/	Total Assets (Q: Mar. 2024 )
=	(33.59	-	0.84)	/	41.428
=	0.79

where

	Operating Assets		(Q: Sep. 2024 )
=	Total Assets	-	Cash, Cash Equivalents, Marketable Securities
=	35.818	-	2.228
=	33.59

	Operating Liabilities		(Q: Sep. 2024 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	0.84	-	0	-	0
=	0.84

Iris Metals Scaled Net Operating Assets Related Terms

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Iris Metals Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Iris Metals Ltd (ASX:IR1) » Definitions » Scaled Net Operating Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

9-11 Claremont Street, Suite 205, South Yarra, VIC, AUS, 3141

Website

https://www.irismetals.com

Iris Metals Ltd is a minerals exploration company formed for the purposes of applying for and acquiring interests in minerals exploration tenements and tenement applications in Western Australia. It has two projects: the Kookynie and the Leonora Gold project and the Nickel project.

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