ReadCloud (ASX:RCL) Scaled Net Operating Assets: 0.48 (As of Mar. 2026)


What is ReadCloud Scaled Net Operating Assets?

ReadCloud ASX:RCL -2.90% Scaled Net Operating Assets is 0.48 as of Mar. 2026. 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.

ReadCloud's operating assets for the quarter that ended in Mar. 2026 was A$11.18 Mil. ReadCloud's operating liabilities for the quarter that ended in Mar. 2026 was A$5.59 Mil. ReadCloud's Total Assets for the quarter that ended in Sep. 2025 was A$11.58 Mil. Therefore, ReadCloud's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.48.

ReadCloud Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for ReadCloud'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.

ReadCloud Scaled Net Operating Assets Chart

ReadCloud Annual Data
Trend Jun17 Jun18 Jun19 Jun20 Jun21 Sep22 Sep23 Sep24 Sep25
Scaled Net Operating Assets
Get a 7-Day Free Trial Premium Member Only 0.81 0.50 0.68 0.53 0.65

ReadCloud Semi-Annual Data
Jun17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 Mar26
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 0.51 0.50 0.65 0.45 0.48

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

For the Software - Application subindustry, ReadCloud'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.

ReadCloud Scaled Net Operating Assets vs Software Industry

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

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


ReadCloud 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.

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

Scaled Net Operating Assets (SNOA)(A: Sep. 2025 )
=(Operating Assets (A: Sep. 2025 )-Operating Liabilities (A: Sep. 2025 ))/Total Assets (A: Sep. 2024 )
=(9.663-2.267)/11.333
=0.65

where

Operating Assets(A: Sep. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=11.583 - 1.92
=9.663

Operating Liabilities(A: Sep. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=2.5 - 0.095 - 0.138
=2.267

ReadCloud's Scaled Net Operating Assets (SNOA) for the quarter that ended in Mar. 2026 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Mar. 2026 )
=(Operating Assets (Q: Mar. 2026 )-Operating Liabilities (Q: Mar. 2026 ))/Total Assets (Q: Sep. 2025 )
=(11.178-5.593)/11.583
=0.48

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=14.91 - 3.732
=11.178

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=5.759 - 0.022 - 0.144
=5.593

* 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 0.48 mean?
ReadCloud (ASX:RCL) has a Scaled Net Operating Assets of 0.48 as of Mar. 2026. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on ReadCloud and its competitors.
Is ReadCloud's Scaled Net Operating Assets too high?
ReadCloud's current Scaled Net Operating Assets is 0.48.
How does ReadCloud's Scaled Net Operating Assets compare to CRM and SHOP?
ReadCloud's Scaled Net Operating Assets of 0.48 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 ReadCloud and its competitors. ReadCloud's current Scaled Net Operating Assets is 0.48. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ReadCloud stock overvalued right now?
Based on GuruFocus' analysis, ReadCloud (ASX:RCL) is currently considered Significantly Undervalued. The stock's GF Value™ is A$0.10, compared to a current price of A$0.07 — trading 33% below its estimated fair value. The current Scaled Net Operating Assets is 0.48. 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 ReadCloud (ASX:RCL), the current Scaled Net Operating Assets is 0.48 as of Mar. 2026. 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.

ReadCloud Business Description

Address 126 Church Street, Level 1, Brighton, VIC, AUS, 3186
ReadCloud Ltd is an education technology company that offers digital e-learning solutions to secondary schools. The firm operates in two segments: eBook solutions, which is the key revenue driver, and Vocational Education and Training (VET). It provides software solutions, including eBooks, to schools within Australia. In addition, it also provides digital VET course materials and services to schools through its subsidiary Australian Institute of Education and Training Unit Trust, PKY Media Pty Ltd and Ripponlea Institute Pty Ltd, which offers over 40 VET courses and services to schools across Australia.