Sandfire Resources America (TSXV:SFR) Scaled Net Operating Assets: 0.55 (As of Dec. 2025)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

TSXV:SFR Sandfire Resources America Inc TSXV:SFR
27 GF Score
Price C$0.28
! 4 Warning Signs
View Full Analysis

What is Sandfire Resources America Scaled Net Operating Assets?

Sandfire Resources America TSXV:SFR 27 Scaled Net Operating Assets is 0.55 as of Dec. 2025. GuruFocus rates TSXV:SFR with a GF Score™ of 27/100. The stock has 4 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.

Sandfire Resources America's operating assets for the quarter that ended in Dec. 2025 was C$26.69 Mil. Sandfire Resources America's operating liabilities for the quarter that ended in Dec. 2025 was C$11.53 Mil. Sandfire Resources America's Total Assets for the quarter that ended in Sep. 2025 was C$27.68 Mil. Therefore, Sandfire Resources America's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2025 was 0.55.


Sandfire Resources America Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Sandfire Resources America'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.

Sandfire Resources America Scaled Net Operating Assets Chart

Sandfire Resources America Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Scaled Net Operating Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.57 0.73 0.84 0.78 0.60

Sandfire Resources America Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 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 0.71 0.64 0.51 0.61 0.55

Sandfire Resources America Scaled Net Operating Assets Competitor Comparison

For the Other Industrial Metals & Mining subindustry, Sandfire Resources America'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.


Sandfire Resources America Scaled Net Operating Assets vs Metals & Mining Industry

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

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


TSXV:SFR
27GF Score
Sandfire Resources America Inc TSXV:SFR
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Sandfire Resources America 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.

Sandfire Resources America's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Jun. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(A: Jun. 2025 )
=(Operating Assets (A: Jun. 2025 )-Operating Liabilities (A: Jun. 2025 ))/Total Assets (A: Jun. 2024 )
=(26.127-10.66)/25.827
=0.60

where

Operating Assets(A: Jun. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=26.952 - 0.825
=26.127

Operating Liabilities(A: Jun. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=72.443 - 0 - 61.783
=10.66

Sandfire Resources America'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: Sep. 2025 )
=(26.689-11.533)/27.677
=0.55

where

Operating Assets(Q: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=27.076 - 0.387
=26.689

Operating Liabilities(Q: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=83.23 - 0 - 71.697
=11.533

* 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 0.55 mean?
Sandfire Resources America (TSXV:SFR) has a Scaled Net Operating Assets of 0.55 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 Sandfire Resources America and its competitors.
Is Sandfire Resources America's Scaled Net Operating Assets too high?
Sandfire Resources America's current Scaled Net Operating Assets is 0.55. Overall, Sandfire Resources America has a GF Score™ of 27/100, reflecting its overall financial health beyond just this single metric.
How does Sandfire Resources America's Scaled Net Operating Assets compare to competitors?
Sandfire Resources America's Scaled Net Operating Assets of 0.55 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 Sandfire Resources America and its competitors. Sandfire Resources America's current Scaled Net Operating Assets is 0.55. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sandfire Resources America stock overvalued right now?
Sandfire Resources America (TSXV:SFR) has a current Scaled Net Operating Assets of 0.55. The current Scaled Net Operating Assets is 0.55. Sandfire Resources America's overall GF Score™ is 27/100 with 4 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 Sandfire Resources America (TSXV:SFR), the current Scaled Net Operating Assets is 0.55 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.

Sandfire Resources America Business Description

Other Exchanges SRAFF:USA
Address 1111 West Hastings Street, 15th Floor, Vancouver, BC, CAN, V6E 2J3
Sandfire Resources America Inc is engaged in the exploration, development, and mining of its 100% owned flagship property, the Black Butte Copper Project in central Montana, USA. The property contains sediment-hosted zones of massive sulfide mineralization. The drilling encountered zones of strata-bound copper sulfide with cobalt in multiple bedded pyrite zones in the lower part of the Precambrian Belt Super group. The Company's operations are limited to a single industry segment the acquisition, exploration, and development of resource properties.
27GF Score

Get the complete analysis for TSXV:SFR

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

C$0.28
Price