Ionic Rare Earths (ASX:IXR) Scaled Net Operating Assets: 0.92 (As of Dec. 2025)


ASX:IXR Ionic Rare Earths Ltd ASX:IXR
36 GF Score
Price A$0.38
! 1 Warning Sign
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What is Ionic Rare Earths Scaled Net Operating Assets?

Ionic Rare Earths ASX:IXR -2.60% 36 Scaled Net Operating Assets is 0.92 as of Dec. 2025. GuruFocus rates ASX:IXR with a GF Score™ of 36/100. The stock has 1 warning sign investors should review.

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. 2025 was A$31.22 Mil. Ionic Rare Earths's operating liabilities for the quarter that ended in Dec. 2025 was A$1.31 Mil. Ionic Rare Earths's Total Assets for the quarter that ended in Jun. 2025 was A$32.56 Mil. Therefore, Ionic Rare Earths's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2025 was 0.92.


Ionic Rare Earths Scaled Net Operating Assets Historical Data

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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.

Ionic Rare Earths Scaled Net Operating Assets Chart

Ionic Rare Earths Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Scaled Net Operating Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.72 1.19 0.67 0.72 0.80

Ionic Rare Earths 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 0.68 0.86 0.88 0.83 0.92

Ionic Rare Earths Scaled Net Operating Assets Competitor Comparison

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 Scaled Net Operating Assets vs 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.


ASX:IXR
36GF Score
Ionic Rare Earths Ltd ASX:IXR
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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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. 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 )
=(31.967-1.852)/37.573
=0.80

where

Operating Assets(A: Jun. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=32.562 - 0.595
=31.967

Operating Liabilities(A: Jun. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=2.97 - 0.237 - 0.881
=1.852

Ionic Rare Earths'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 )
=(31.221-1.309)/32.562
=0.92

where

Operating Assets(Q: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=43.634 - 12.413
=31.221

Operating Liabilities(Q: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1.657 - 0.237 - 0.111
=1.309

* 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 0.92 mean?
Ionic Rare Earths (ASX:IXR) has a Scaled Net Operating Assets of 0.92 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 Ionic Rare Earths and its competitors.
Is Ionic Rare Earths' Scaled Net Operating Assets too high?
Ionic Rare Earths' current Scaled Net Operating Assets is 0.92. Overall, Ionic Rare Earths has a GF Score™ of 36/100, reflecting its overall financial health beyond just this single metric.
How does Ionic Rare Earths' Scaled Net Operating Assets compare to competitors?
Ionic Rare Earths' Scaled Net Operating Assets of 0.92 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 Ionic Rare Earths and its competitors. Ionic Rare Earths's current Scaled Net Operating Assets is 0.92. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ionic Rare Earths stock overvalued right now?
Ionic Rare Earths (ASX:IXR) has a current Scaled Net Operating Assets of 0.92. The current Scaled Net Operating Assets is 0.92. Ionic Rare Earths' overall GF Score™ is 36/100 with 1 warning sign 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 Ionic Rare Earths (ASX:IXR), the current Scaled Net Operating Assets is 0.92 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.

Ionic Rare Earths Business Description

Other Exchanges IXRRF:USA6UH:Germany
Address 459 Colins Street, Level 5 South, Melbourne, VIC, AUS, 3000
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.
36GF Score

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