Deterra Royalties (ASX:DRR) Scaled Net Operating Assets : 0.51 (As of Dec. 2023)

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What is Deterra Royalties Scaled Net Operating Assets?

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Deterra Royalties's operating assets for the quarter that ended in Dec. 2023 was A$75.8 Mil. Deterra Royalties's operating liabilities for the quarter that ended in Dec. 2023 was A$17.9 Mil. Deterra Royalties's Total Assets for the quarter that ended in Jun. 2023 was A$113.5 Mil. Therefore, Deterra Royalties's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2023 was 0.51.

Deterra Royalties Scaled Net Operating Assets Historical Data

The historical data trend for Deterra Royalties'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.

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Deterra Royalties Scaled Net Operating Assets Chart

Deterra Royalties Annual Data

Trend

Jun21

Jun22

Jun23

Scaled Net Operating Assets

0.43

1.03

0.41

Deterra Royalties Semi-Annual Data
	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Scaled Net Operating Assets	Get a 7-Day Free Trial			0.38	1.25	0.29	0.79	0.51

Competitive Comparison of Deterra Royalties's Scaled Net Operating Assets

For the Other Industrial Metals & Mining subindustry, Deterra Royalties'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.

Deterra Royalties's Scaled Net Operating Assets Distribution in the Metals & Mining Industry

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

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

Deterra Royalties 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.

Deterra Royalties's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Jun. 2023 is calculated as

	Scaled Net Operating Assets (SNOA)		(A: Jun. 2023 )
=	(Operating Assets (A: Jun. 2023 )	-	Operating Liabilities (A: Jun. 2023 ))	/	Total Assets (A: Jun. 2022 )
=	(83.982	-	21.149)	/	152.29
=	0.41

where

	Operating Assets		(A: Jun. 2023 )
=	Total Assets	-	Cash, Cash Equivalents, Marketable Securities
=	113.473	-	29.491
=	83.982

	Operating Liabilities		(A: Jun. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	21.335	-	0.116	-	0.07
=	21.149

Deterra Royalties's Scaled Net Operating Assets (SNOA) for the quarter that ended in Dec. 2023 is calculated as

	Scaled Net Operating Assets (SNOA)		(Q: Dec. 2023 )
=	(Operating Assets (Q: Dec. 2023 )	-	Operating Liabilities (Q: Dec. 2023 ))	/	Total Assets (Q: Jun. 2023 )
=	(75.787	-	17.872)	/	113.473
=	0.51

where

	Operating Assets		(Q: Dec. 2023 )
=	Total Assets	-	Cash, Cash Equivalents, Marketable Securities
=	100.725	-	24.938
=	75.787

	Operating Liabilities		(Q: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	18.409	-	0.45	-	0.087
=	17.872

Deterra Royalties Scaled Net Operating Assets Related Terms

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Deterra Royalties (ASX:DRR) Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

DETRF:USA

Address

140 St Georges Terrace, Level 16, Perth, WA, AUS, 6000

Website

https://www.iluka.com

Deterra Royalties was spun out from Iluka Resources in October 2020 with Iluka retaining a 20% interest. Its only material income generating asset is a royalty covering iron ore produced by BHP from the Mining Area C royalty area, located in the Pilbara region of Western Australia. The royalty area includes the North Flank mine, producing approximately 60 million metric tons of iron ore a year, and the South Flank mine, expected to add a further 85 million metric tons a year by 2024 after producing first ore in 2021. The MAC royalty area also covers most of the Tandanya and Mudlark deposits, which BHP intends to develop in the longer term as part of its plan to operate the MAC production hub for at least 50 years. Deterra's strategy is to grow into a diversified royalty company.