Smart Fish Wealthlink Holdings (HKSE:00139) Scaled Net Operating Assets: 0.57 (As of Dec. 2025)

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What is Smart Fish Wealthlink Holdings Scaled Net Operating Assets?

Smart Fish Wealthlink Holdings HKSE:00139 -5.83% Scaled Net Operating Assets is 0.57 as of Dec. 2025. The stock has 3 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.

Smart Fish Wealthlink Holdings's operating assets for the quarter that ended in Dec. 2025 was HK$815.25 Mil. Smart Fish Wealthlink Holdings's operating liabilities for the quarter that ended in Dec. 2025 was HK$106.73 Mil. Smart Fish Wealthlink Holdings's Total Assets for the quarter that ended in Jun. 2025 was HK$1,245.00 Mil. Therefore, Smart Fish Wealthlink Holdings's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2025 was 0.57.


Smart Fish Wealthlink Holdings Scaled Net Operating Assets Historical Data

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The historical data trend for Smart Fish Wealthlink Holdings'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.

Smart Fish Wealthlink Holdings Scaled Net Operating Assets Chart

Smart Fish Wealthlink Holdings Annual Data
Trend Mar16 Mar17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Scaled Net Operating Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.45 0.66 0.44 0.82 0.69

Smart Fish Wealthlink Holdings Semi-Annual Data
Mar16 Sep16 Mar17 Sep17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 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 0.63 0.86 0.78 0.86 0.57

HKSE:00139 vs MS, GS, SCHW: Scaled Net Operating Assets Comparison

For the Capital Markets subindustry, Smart Fish Wealthlink Holdings'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.


Smart Fish Wealthlink Holdings Scaled Net Operating Assets vs Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Smart Fish Wealthlink Holdings's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where Smart Fish Wealthlink Holdings's Scaled Net Operating Assets falls into.



Smart Fish Wealthlink Holdings 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.

Smart Fish Wealthlink Holdings'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 )
=(815.253-106.725)/1027.697
=0.69

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=938.483 - 123.23
=815.253

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=212.861 - 1.121 - 105.015
=106.725

Smart Fish Wealthlink Holdings'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 )
=(815.253-106.725)/1244.999
=0.57

where

Operating Assets(Q: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=938.483 - 123.23
=815.253

Operating Liabilities(Q: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=212.861 - 1.121 - 105.015
=106.725

* 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 0.57 mean?
Smart Fish Wealthlink Holdings (HKSE:00139) has a Scaled Net Operating Assets of 0.57 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 Smart Fish Wealthlink Holdings and its competitors.
Is Smart Fish Wealthlink Holdings' Scaled Net Operating Assets too high?
Smart Fish Wealthlink Holdings' current Scaled Net Operating Assets is 0.57.
How does Smart Fish Wealthlink Holdings' Scaled Net Operating Assets compare to MS and GS?
Smart Fish Wealthlink Holdings' Scaled Net Operating Assets of 0.57 can be compared against companies in the Capital Markets 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 Capital Markets company?
A good Scaled Net Operating Assets depends on the Capital Markets 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 Smart Fish Wealthlink Holdings and its competitors. Smart Fish Wealthlink Holdings's current Scaled Net Operating Assets is 0.57. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Smart Fish Wealthlink Holdings stock overvalued right now?
Smart Fish Wealthlink Holdings (HKSE:00139) has a current Scaled Net Operating Assets of 0.57. The current Scaled Net Operating Assets is 0.57. 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 Smart Fish Wealthlink Holdings (HKSE:00139), the current Scaled Net Operating Assets is 0.57 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.

Smart Fish Wealthlink Holdings Business Description

Address 8 Sunning Road, 5th Floor, Phase II, China Taiping Tower, Causeway Bay, Hong Kong, HKG
Smart Fish Wealthlink Holdings Ltd is engaged in securities and futures dealing business, trading of debts and equity investments, and money lending business. The company's segments include the Financial Investments and Services segment comprises financial investments and trading, debt, fund, and equity investments, and money lending business; the Brokerage and Commission segment comprises the provision of trading in securities and futures contracts services; and the Corporate and Others segment comprises corporate income and expense items. It derives the majority of its revenue from the Brokerage and Commission segment. It operates in Hong Kong and the PRC, where Hong Kong derives key revenue.