Millcon Steel PCL (BKK:MILL-R) Scaled Net Operating Assets: 0.77 (As of Sep. 2025)


What is Millcon Steel PCL Scaled Net Operating Assets?

Millcon Steel PCL BKK:MILL-R Scaled Net Operating Assets is 0.77 as of Sep. 2025. The stock has 8 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.

Millcon Steel PCL's operating assets for the quarter that ended in Sep. 2025 was ฿15,732 Mil. Millcon Steel PCL's operating liabilities for the quarter that ended in Sep. 2025 was ฿3,900 Mil. Millcon Steel PCL's Total Assets for the quarter that ended in Jun. 2025 was ฿15,336 Mil. Therefore, Millcon Steel PCL's scaled net operating assets (SNOA) for the quarter that ended in Sep. 2025 was 0.77.

Millcon Steel PCL Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Millcon Steel PCL'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.

Millcon Steel PCL Scaled Net Operating Assets Chart

Millcon Steel PCL Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Scaled Net Operating Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.82 0.73 0.85 0.89 0.89

Millcon Steel PCL Quarterly Data
Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Mar25 Jun25 Sep25
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 0.78 0.68 0.74 0.78 0.77

BKK:MILL-R vs NUE, STLD, RS: Scaled Net Operating Assets Comparison

For the Steel subindustry, Millcon Steel PCL'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.

Millcon Steel PCL Scaled Net Operating Assets vs Steel Industry

For the Steel industry and Basic Materials sector, Millcon Steel PCL's Scaled Net Operating Assets distribution charts can be found below:

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


Millcon Steel PCL 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.

Millcon Steel PCL's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2023 is calculated as

Scaled Net Operating Assets (SNOA)(A: Dec. 2023 )
=(Operating Assets (A: Dec. 2023 )-Operating Liabilities (A: Dec. 2023 ))/Total Assets (A: Dec. 2022 )
=(20642.647-2311.24)/20499.941
=0.89

where

Operating Assets(A: Dec. 2023 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=20949.952 - 307.305
=20642.647

Operating Liabilities(A: Dec. 2023 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=14130.087 - 14.485 - 11804.362
=2311.24

Millcon Steel PCL's Scaled Net Operating Assets (SNOA) for the quarter that ended in Sep. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Sep. 2025 )
=(Operating Assets (Q: Sep. 2025 )-Operating Liabilities (Q: Sep. 2025 ))/Total Assets (Q: Jun. 2025 )
=(15731.91-3900.466)/15336.437
=0.77

where

Operating Assets(Q: Sep. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=15766.165 - 34.255
=15731.91

Operating Liabilities(Q: Sep. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=15376.645 - 366.326 - 11109.853
=3900.466

* 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 0.77 mean?
Millcon Steel PCL (BKK:MILL-R) has a Scaled Net Operating Assets of 0.77 as of Sep. 2025. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Millcon Steel PCL and its competitors.
Is Millcon Steel PCL's Scaled Net Operating Assets too high?
Millcon Steel PCL's current Scaled Net Operating Assets is 0.77.
How does Millcon Steel PCL's Scaled Net Operating Assets compare to NUE and STLD?
Millcon Steel PCL's Scaled Net Operating Assets of 0.77 can be compared against companies in the Steel 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 Steel company?
A good Scaled Net Operating Assets depends on the Steel 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 Millcon Steel PCL and its competitors. Millcon Steel PCL's current Scaled Net Operating Assets is 0.77. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Millcon Steel PCL stock overvalued right now?
Millcon Steel PCL (BKK:MILL-R) has a current Scaled Net Operating Assets of 0.77. The current Scaled Net Operating Assets is 0.77. 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 Millcon Steel PCL (BKK:MILL-R), the current Scaled Net Operating Assets is 0.77 as of Sep. 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.

Millcon Steel PCL Business Description

Other Exchanges MILL:Thailand
Address Banggradee Road, Samaedum, No. 9,11,13 Soi Banggradee 32, Samaedam Sub-district, Bangkhunthian District, Bangkok, THA, 10150
Millcon Steel PCL principal activity is manufacturing and trading of steel. The reportable segments of the company are the Manufacturing segment and Trading segment. The company generates majority of revenue from Manufacturing segment. The vast majority of its revenue comes from the Domestic Market. Its products and services are REINFORCING STEEL BARS, ROUND STEEL BARS, REINFORCING STEEL BARS (THREADED TYPE), WIRE, STEEL PIPE, C-SHAPED STEEL, GALVANIZED STEEL.