Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.
Iluka Resources's operating assets for the quarter that ended in Dec. 2025 was $2,773.7 Mil. Iluka Resources's operating liabilities for the quarter that ended in Dec. 2025 was $673.6 Mil. Iluka Resources's Total Assets for the quarter that ended in Jun. 2025 was $2,838.3 Mil. Therefore, Iluka Resources's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2025 was 0.74.
Iluka Resources Scaled Net Operating Assets Related Terms
Iluka Resources Scaled Net Operating Assets Historical Data
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The historical data trend for Iluka Resources'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.
Iluka Resources Scaled Net Operating Assets Competitor Comparison
For the Other Industrial Metals & Mining subindustry, Iluka Resources'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.
Iluka Resources Scaled Net Operating Assets vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Iluka Resources's Scaled Net Operating Assets distribution charts can be found below:
* The bar in red indicates where Iluka Resources's Scaled Net Operating Assets falls into.
* 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 0.74 mean?
Iluka Resources (ILKAF) has a Scaled Net Operating Assets of 0.74 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 Iluka Resources and its competitors.
Is Iluka Resources' Scaled Net Operating Assets too high?
Iluka Resources' current Scaled Net Operating Assets is 0.74. Overall, Iluka Resources has a GF Score™ of 66/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Iluka Resources' Scaled Net Operating Assets compare to competitors?
Iluka Resources' Scaled Net Operating Assets of 0.74 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 Iluka Resources and its competitors. Iluka Resources's current Scaled Net Operating Assets is 0.74. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Iluka Resources stock overvalued right now?
Based on GuruFocus' analysis, Iluka Resources (ILKAF) is currently considered Significantly Overvalued. The stock's GF Value™ is $3.30, compared to a current price of $5.11 — trading 54.7% above its estimated fair value. The current Scaled Net Operating Assets is 0.74. Iluka Resources' overall GF Score™ is 66/100 with 11 warning signs 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 Iluka Resources (ILKAF), the current Scaled Net Operating Assets is 0.74 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.
Is Iluka Resources (ILKAF) Overvalued in 2026?
Based on GuruFocus' analysis, Iluka Resources stock appears to be overvalued.
The current stock price of $5.11 is trading 54.7% above its estimated GF Value™ of $3.30.
GuruFocus considers Iluka Resources to be Significantly Overvalued.
Key valuation signals for ILKAF:
Scaled Net Operating Assets: 0.74
GF Value™: $3.30 vs. price of $5.11 (54.7% above fair value)
No single metric tells the full story. See the ILKAF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Iluka Resources is a leading global mineral sands miner. It is the largest global producer of zircon, and one of the largest producers of titanium dioxide feedstocks (rutile, synthetic rutile). Low zircon costs are underpinned by the high-grade Jacinth-Ambrosia mine in South Australia, but reserve life is less than 10 years. A 20% shareholding in Deterra Royalties brings exposure to the high-quality Mining Area C iron ore royalty. Production from the Balranald rutile and zircon mine commenced in late 2025, and Iluka is also building a rare-earth refinery at Eneabba. The refinery will be able to process Iluka's existing monazite stockpile as well as feed from third parties, Balranald, and future Iluka projects.
66GF Score
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