OpenLearning (ASX:OLL) Scaled Net Operating Assets: -0.38 (As of Dec. 2025)


What is OpenLearning Scaled Net Operating Assets?

OpenLearning ASX:OLL -5.88% Scaled Net Operating Assets is -0.38 as of Dec. 2025. The stock has 6 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.

OpenLearning's operating assets for the quarter that ended in Dec. 2025 was A$2.44 Mil. OpenLearning's operating liabilities for the quarter that ended in Dec. 2025 was A$3.46 Mil. OpenLearning's Total Assets for the quarter that ended in Jun. 2025 was A$2.70 Mil. Therefore, OpenLearning's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2025 was -0.38.


OpenLearning Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for OpenLearning'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.

OpenLearning Scaled Net Operating Assets Chart

OpenLearning Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Scaled Net Operating Assets
Get a 7-Day Free Trial -0.13 0.03 -0.01 0.11 -0.30

OpenLearning Semi-Annual Data
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 -0.02 0.01 0.14 -0.16 -0.38

ASX:OLL vs CRM, SHOP, UBER: Scaled Net Operating Assets Comparison

For the Software - Application subindustry, OpenLearning'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.


OpenLearning Scaled Net Operating Assets vs Software Industry

For the Software industry and Technology sector, OpenLearning's Scaled Net Operating Assets distribution charts can be found below:

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



OpenLearning 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.

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

Scaled Net Operating Assets (SNOA)(A: Dec. 2025 )
=(Operating Assets (A: Dec. 2025 )-Operating Liabilities (A: Dec. 2025 ))/Total Assets (A: Dec. 2024 )
=(2.435-3.456)/3.391
=-0.30

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=4.53 - 2.095
=2.435

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=3.456 - 0 - 0
=3.456

OpenLearning'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 )
=(2.435-3.456)/2.704
=-0.38

where

Operating Assets(Q: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=4.53 - 2.095
=2.435

Operating Liabilities(Q: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=3.456 - 0 - 0
=3.456

* 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 -0.38 mean?
OpenLearning (ASX:OLL) has a Scaled Net Operating Assets of -0.38 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 OpenLearning and its competitors.
Is OpenLearning's Scaled Net Operating Assets too high?
OpenLearning's current Scaled Net Operating Assets is -0.38.
How does OpenLearning's Scaled Net Operating Assets compare to CRM and SHOP?
OpenLearning's Scaled Net Operating Assets of -0.38 can be compared against companies in the Software 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 Software company?
A good Scaled Net Operating Assets depends on the Software 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 OpenLearning and its competitors. OpenLearning's current Scaled Net Operating Assets is -0.38. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is OpenLearning stock overvalued right now?
Based on GuruFocus' analysis, OpenLearning (ASX:OLL) is currently considered Significantly Overvalued. The stock's GF Value™ is A$0.01, compared to a current price of A$0.02 — trading 60% above its estimated fair value. The current Scaled Net Operating Assets is -0.38. 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 OpenLearning (ASX:OLL), the current Scaled Net Operating Assets is -0.38 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.

OpenLearning Business Description

Address 56 Bowman Street, Level 2, Suite 9, The Cooperage, Pyrmont, NSW, AUS, 2009
OpenLearning Ltd operates an artificial intelligence (AI)-powered online learning platform designed for education providers with a marketplace across the globe of courses for learners of all levels. The company's platform enables the delivery of project-based, social learning to encourage interaction among users and foster a community of collaborative learners, utilizing generative artificial intelligence (AI), enabling users to access a complete learning environment and benefit from short courses through micro-credentials and online degrees. The Group operating segments are: Corporate Overhead, Employability Advantage, Learning Platform (combined), and Sales & Marketing. Geographically, the group derives maximum revenue from Australia, and also has its presence in Malaysia and Singapore.