Iris Energy (Iris Energy) Scaled Net Operating Assets : 1.00 (As of Mar. 2024)

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What is Iris Energy 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.

Iris Energy's operating assets for the quarter that ended in Mar. 2024 was $460.5 Mil. Iris Energy's operating liabilities for the quarter that ended in Mar. 2024 was $44.6 Mil. Iris Energy's Total Assets for the quarter that ended in Dec. 2023 was $417.2 Mil. Therefore, Iris Energy's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2024 was 1.00.

Iris Energy Scaled Net Operating Assets Historical Data

The historical data trend for Iris Energy'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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Iris Energy Scaled Net Operating Assets Chart

Iris Energy Annual Data

Trend

Jun20

Jun21

Jun22

Jun23

Scaled Net Operating Assets

0.76

-0.40

3.24

0.42

Iris Energy Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Dec22	Mar23	Jun23	Dec23	Mar24
Scaled Net Operating Assets	Get a 7-Day Free Trial									0.60	-	-	0.88	1.00

Competitive Comparison of Iris Energy's Scaled Net Operating Assets

For the Capital Markets subindustry, Iris Energy'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.

Iris Energy's Scaled Net Operating Assets Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Iris Energy's Scaled Net Operating Assets distribution charts can be found below:

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

Iris Energy 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.

Iris Energy'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 )
=	(263.18	-	25.265)	/	570.46
=	0.42

where

	Operating Assets		(A: Jun. 2023 )
=	Total Assets	-	Cash, Cash Equivalents, Marketable Securities
=	332.074	-	68.894
=	263.18

	Operating Liabilities		(A: Jun. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	26.713	-	1.256	-	0.192
=	25.265

Iris Energy's Scaled Net Operating Assets (SNOA) for the quarter that ended in Mar. 2024 is calculated as

	Scaled Net Operating Assets (SNOA)		(Q: Mar. 2024 )
=	(Operating Assets (Q: Mar. 2024 )	-	Operating Liabilities (Q: Mar. 2024 ))	/	Total Assets (Q: Dec. 2023 )
=	(460.483	-	44.646)	/	417.167
=	1.00

where

	Operating Assets		(Q: Mar. 2024 )
=	Total Assets	-	Cash, Cash Equivalents, Marketable Securities
=	723.603	-	263.12
=	460.483

	Operating Liabilities		(Q: Mar. 2024 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	46.363	-	1.512	-	0.205
=	44.646

Iris Energy Scaled Net Operating Assets Related Terms

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Iris Energy (Iris Energy) Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

F8P:Germany

Address

44 Market Street, Level 12, Sydney, NSW, AUS, 2000

Website

https://www.irisenergy.co

Iris Energy Ltd is a Bitcoin mining company. It builds, owns, and operates data centers and electrical infrastructure for the mining of Bitcoin powered by renewable energy. The company's mining operations generate revenue by earning Bitcoin through a combination of block rewards and transaction fees from the operation of its specialized computers called Application-specific Integrated Circuits and exchanging these Bitcoin for currencies such as USD or CAD on a daily basis.