Ionic Rare Earths (ASX:IXR) Scaled Net Operating Assets : 0.69 (As of Dec. 2023)

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What is Ionic Rare Earths 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.

Ionic Rare Earths's operating assets for the quarter that ended in Dec. 2023 was A$32.02 Mil. Ionic Rare Earths's operating liabilities for the quarter that ended in Dec. 2023 was A$1.47 Mil. Ionic Rare Earths's Total Assets for the quarter that ended in Jun. 2023 was A$44.52 Mil. Therefore, Ionic Rare Earths's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2023 was 0.69.

Ionic Rare Earths Scaled Net Operating Assets Historical Data

The historical data trend for Ionic Rare Earths'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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Ionic Rare Earths Scaled Net Operating Assets Chart

Ionic Rare Earths Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Scaled Net Operating Assets

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3.68

1.73

1.19

0.67

0.72

Ionic Rare Earths Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Scaled Net Operating Assets	Get a 7-Day Free Trial															1.14	0.54	0.70	0.69	0.86

Competitive Comparison of Ionic Rare Earths's Scaled Net Operating Assets

For the Other Industrial Metals & Mining subindustry, Ionic Rare Earths'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.

Ionic Rare Earths's Scaled Net Operating Assets Distribution in the Metals & Mining Industry

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

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

Ionic Rare Earths 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.

Ionic Rare Earths's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Jun. 2024 is calculated as

	Scaled Net Operating Assets (SNOA)		(A: Jun. 2024 )
=	(Operating Assets (A: Jun. 2024 )	-	Operating Liabilities (A: Jun. 2024 ))	/	Total Assets (A: Jun. 2023 )
=	(32.628	-	0.573)	/	44.524
=	0.72

where

	Operating Assets		(A: Jun. 2024 )
=	Total Assets	-	Cash, Cash Equivalents, Marketable Securities
=	37.573	-	4.945
=	32.628

	Operating Liabilities		(A: Jun. 2024 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	1.062	-	0.373	-	0.116
=	0.573

Ionic Rare Earths's Scaled Net Operating Assets (SNOA) for the quarter that ended in Dec. 2023 is calculated as

	Scaled Net Operating Assets (SNOA)		(Q: Dec. 2023 )
=	(Operating Assets (Q: Dec. 2023 )	-	Operating Liabilities (Q: Dec. 2023 ))	/	Total Assets (Q: Jun. 2023 )
=	(32.021	-	1.469)	/	44.524
=	0.69

where

	Operating Assets		(Q: Dec. 2023 )
=	Total Assets	-	Cash, Cash Equivalents, Marketable Securities
=	37.159	-	5.138
=	32.021

	Operating Liabilities		(Q: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	2.011	-	0.433	-	0.109
=	1.469

Ionic Rare Earths Scaled Net Operating Assets Related Terms

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Ionic Rare Earths Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Ionic Rare Earths Ltd (ASX:IXR) » Definitions » Scaled Net Operating Assets

Comparable Companies

Traded in Other Exchanges

IXRRF:USA 6UH:Germany 6UH:Germany

Address

259 Colins Street, Level 5 South, Melbourne, VIC, AUS, 3000

Website

https://www.ionicre.com

Ionic Rare Earths Ltd is a mineral exploration company. It is engaged in the mining, refining, and recycling of magnet and heavy rare earth critical minerals for energy transition, manufacturing, and defense. Its projects include the Makuutu project in Uganda. The company also has a magnet recycling facility in Northern Ireland. It is organized into one operating segment, exploration operations. Geographically, its activities are conducted across three geographic locations, Australia which generates maximum revenue, Uganda, and the United Kingdom.

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