CAF (Morgan Stanley China A Share Fund) Scaled Net Operating Assets: 1.18 (As of Dec. 2025)


CAF Morgan Stanley China A Share Fund Inc CAF
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What is Morgan Stanley China A Share Fund Scaled Net Operating Assets?

Morgan Stanley China A Share Fund CAF -0.29% 24 Scaled Net Operating Assets is 1.18 as of Dec. 2025. GuruFocus rates CAF with a GF Score™ of 24/100. 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.

Morgan Stanley China A Share Fund's operating assets for the quarter that ended in Dec. 2025 was $327.28 Mil. Morgan Stanley China A Share Fund's operating liabilities for the quarter that ended in Dec. 2025 was $0.55 Mil. Morgan Stanley China A Share Fund's Total Assets for the quarter that ended in Jun. 2025 was $277.04 Mil. Therefore, Morgan Stanley China A Share Fund's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2025 was 1.18.

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Morgan Stanley China A Share Fund Inc CAF
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Morgan Stanley China A Share Fund 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.

Morgan Stanley China A Share Fund'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 )
=(327.284-0.545)/269.872
=1.21

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=330.98 - 3.696
=327.284

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=0.545 - 0 - 0
=0.545

Morgan Stanley China A Share Fund'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 )
=(327.284-0.545)/277.043
=1.18

where

Operating Assets(Q: Dec. 2025 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=330.98 - 3.696
=327.284

Operating Liabilities(Q: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=0.545 - 0 - 0
=0.545

* 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 1.18 mean?
Morgan Stanley China A Share Fund (CAF) has a Scaled Net Operating Assets of 1.18 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 Morgan Stanley China A Share Fund and its competitors.
Is Morgan Stanley China A Share Fund's Scaled Net Operating Assets too high?
Morgan Stanley China A Share Fund's current Scaled Net Operating Assets is 1.18. Overall, Morgan Stanley China A Share Fund has a GF Score™ of 24/100, reflecting its overall financial health beyond just this single metric.
How does Morgan Stanley China A Share Fund's Scaled Net Operating Assets compare to PSBD and CION?
Morgan Stanley China A Share Fund's Scaled Net Operating Assets of 1.18 can be compared against companies in the Asset Management 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 an Asset Management company?
A good Scaled Net Operating Assets depends on the Asset Management 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 Morgan Stanley China A Share Fund and its competitors. Morgan Stanley China A Share Fund's current Scaled Net Operating Assets is 1.18. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Morgan Stanley China A Share Fund stock overvalued right now?
Morgan Stanley China A Share Fund (CAF) has a current Scaled Net Operating Assets of 1.18. The current Scaled Net Operating Assets is 1.18. Morgan Stanley China A Share Fund's overall GF Score™ is 24/100 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 Morgan Stanley China A Share Fund (CAF), the current Scaled Net Operating Assets is 1.18 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.

Morgan Stanley China A Share Fund Business Description

Address 1585 Broadway, New York, NY, USA, 10036
Morgan Stanley China A Share Fund Inc is the United States based non-diversified, closed-end management investment company. Its investment objective is to seek capital growth by investing a majority of its assets in A-shares of Chinese companies listed on the Shanghai and Shenzhen Stock Exchanges. Its portfolio of investments consists of investment in different sectors such as the aerospace and defense, banks, automobiles, household durables, media, pharmaceuticals, software and other sectors.
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