Aterian (LSE:ATN) Scaled Net Operating Assets: 0.73 (As of Dec. 2025)


LSE:ATN Aterian PLC LSE:ATN
16 GF Score
Price £0.25
! 5 Warning Signs
View Full Analysis

What is Aterian Scaled Net Operating Assets?

Aterian LSE:ATN +2.04% 16 Scaled Net Operating Assets is 0.73 as of Dec. 2025. GuruFocus rates LSE:ATN with a GF Score™ of 16/100. The stock has 5 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.

Aterian's operating assets for the quarter that ended in Dec. 2025 was £4.16 Mil. Aterian's operating liabilities for the quarter that ended in Dec. 2025 was £1.47 Mil. Aterian's Total Assets for the quarter that ended in Jun. 2025 was £3.65 Mil. Therefore, Aterian's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2025 was 0.73.


Aterian Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Aterian'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.

Aterian Scaled Net Operating Assets Chart

Aterian Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Scaled Net Operating Assets
Get a 7-Day Free Trial 0.93 0.90 0.87 0.69 0.73

Aterian Semi-Annual Data
Dec19 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 0.94 0.85 0.72 0.68 0.74

Aterian Scaled Net Operating Assets Competitor Comparison

For the Other Industrial Metals & Mining subindustry, Aterian'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.


Aterian Scaled Net Operating Assets vs Metals & Mining Industry

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

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


LSE:ATN
16GF Score
Aterian PLC LSE:ATN
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Aterian 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.

Aterian'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 )
=(4.155-1.471)/3.701
=0.73

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=4.281 - 0.126
=4.155

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=2.857 - 0.857 - 0.529
=1.471

Aterian'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 )
=(4.155-1.471)/3.652
=0.73

where

Operating Assets(Q: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=4.281 - 0.126
=4.155

Operating Liabilities(Q: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=2.857 - 0.857 - 0.529
=1.471

* 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 0.73 mean?
Aterian (LSE:ATN) has a Scaled Net Operating Assets of 0.73 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 Aterian and its competitors.
Is Aterian's Scaled Net Operating Assets too high?
Aterian's current Scaled Net Operating Assets is 0.73. Overall, Aterian has a GF Score™ of 16/100, reflecting its overall financial health beyond just this single metric.
How does Aterian's Scaled Net Operating Assets compare to competitors?
Aterian's Scaled Net Operating Assets of 0.73 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 Aterian and its competitors. Aterian's current Scaled Net Operating Assets is 0.73. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Aterian stock overvalued right now?
Aterian (LSE:ATN) has a current Scaled Net Operating Assets of 0.73. The current Scaled Net Operating Assets is 0.73. Aterian's overall GF Score™ is 16/100 with 5 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 Aterian (LSE:ATN), the current Scaled Net Operating Assets is 0.73 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.

Aterian Business Description

Address 27-28 Eastcastle Street, Eastcastle House, London, GBR, W1W 8DH
Aterian PLC is a critical metals exploration and development company focused on Africa, with projects in Morocco, Rwanda and Botswana. The company targets commodities central to the energy transition, including copper, lithium, tantalum, niobium and tin, and is building a portfolio of prospective assets alongside mineral trading activities. Its projects in Morocco include Agdz Project, West Tazalaght Project, Tata Project, Azrar Project, Jebilet Est Project, and Akka Project. In Rwanda includes Musasa Project, and HCK Project. In Botswana includes The Sua Pan Project, and Kalahari Copperbelt Copper. Its segments are exploration activity in Morocco, Rwanda and Botswana.
16GF Score

Get the complete analysis for LSE:ATN

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

£0.25
Price