Waratah Minerals (ASX:WTM) Scaled Net Operating Assets: 0.39 (As of Dec. 2025)


ASX:WTM Waratah Minerals Ltd ASX:WTM
36 GF Score
Price A$0.49
! 1 Warning Sign
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What is Waratah Minerals Scaled Net Operating Assets?

Waratah Minerals ASX:WTM -3.92% 36 Scaled Net Operating Assets is 0.39 as of Dec. 2025. GuruFocus rates ASX:WTM 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.

Waratah Minerals's operating assets for the quarter that ended in Dec. 2025 was A$7.29 Mil. Waratah Minerals's operating liabilities for the quarter that ended in Dec. 2025 was A$1.81 Mil. Waratah Minerals's Total Assets for the quarter that ended in Jun. 2025 was A$13.96 Mil. Therefore, Waratah Minerals's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2025 was 0.39.


Waratah Minerals Scaled Net Operating Assets Historical Data

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The historical data trend for Waratah Minerals'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.

Waratah Minerals Scaled Net Operating Assets Chart

Waratah Minerals Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Scaled Net Operating Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.71 1.08 0.86 0.24 0.52

Waratah Minerals 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 0.84 0.82 0.24 0.51 0.39

Waratah Minerals Scaled Net Operating Assets Competitor Comparison

For the Other Industrial Metals & Mining subindustry, Waratah Minerals'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.


Waratah Minerals Scaled Net Operating Assets vs Metals & Mining Industry

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

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


ASX:WTM
36GF Score
Waratah Minerals Ltd ASX:WTM
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Waratah Minerals 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.

Waratah Minerals'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 )
=(7.294-1.814)/10.504
=0.52

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=35.926 - 28.632
=7.294

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1.853 - 0 - 0.039
=1.814

Waratah Minerals'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 )
=(7.294-1.814)/13.959
=0.39

where

Operating Assets(Q: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=35.926 - 28.632
=7.294

Operating Liabilities(Q: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1.853 - 0 - 0.039
=1.814

* 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 0.39 mean?
Waratah Minerals (ASX:WTM) has a Scaled Net Operating Assets of 0.39 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 Waratah Minerals and its competitors.
Is Waratah Minerals' Scaled Net Operating Assets too high?
Waratah Minerals' current Scaled Net Operating Assets is 0.39. Overall, Waratah Minerals has a GF Score™ of 36/100, reflecting its overall financial health beyond just this single metric.
How does Waratah Minerals' Scaled Net Operating Assets compare to competitors?
Waratah Minerals' Scaled Net Operating Assets of 0.39 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 Waratah Minerals and its competitors. Waratah Minerals's current Scaled Net Operating Assets is 0.39. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Waratah Minerals stock overvalued right now?
Waratah Minerals (ASX:WTM) has a current Scaled Net Operating Assets of 0.39. The current Scaled Net Operating Assets is 0.39. Waratah Minerals' 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 Waratah Minerals (ASX:WTM), the current Scaled Net Operating Assets is 0.39 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.

Waratah Minerals Business Description

Other Exchanges BTRYF:USA0FS0:Germany
Address 72 Kings Park Road, Unit 1, Ground Floor, West Perth, WA, AUS, 6005
Waratah Minerals Ltd is a diversified minerals exploration company focused on discovering and developing mineral deposits. The Group operates in a single business and geographical segment, concentrating on mineral exploration in Australia. Its key projects include the Spur Project in western New South Wales and the Stavely-Stawell Copper-Gold Project.
36GF Score

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Scaled Net Operating Assets is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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