Sa International Holdings (HKSE:00178) Scaled Net Operating Assets: 0.57 (As of Mar. 2026)

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HKSE:00178 Sa SA International Holdings Ltd HKSE:00178
54 GF Score
Price HK$0.95
GF Value HK$0.76
Valuation Modestly Overvalued
! 4 Warning Signs
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What is Sa International Holdings Scaled Net Operating Assets?

Sa International Holdings HKSE:00178 -1.05% 54 Scaled Net Operating Assets is 0.57 as of Mar. 2026. GuruFocus rates HKSE:00178 with a GF Score™ of 54/100 and a GF Value™ of HK$0.76 (Modestly Overvalued). 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.

Sa International Holdings's operating assets for the quarter that ended in Mar. 2026 was HK$1,902 Mil. Sa International Holdings's operating liabilities for the quarter that ended in Mar. 2026 was HK$589 Mil. Sa International Holdings's Total Assets for the quarter that ended in Sep. 2025 was HK$2,323 Mil. Therefore, Sa International Holdings's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.57.


Sa International Holdings Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Sa International 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.

Sa International Holdings Scaled Net Operating Assets Chart

Sa International Holdings Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Scaled Net Operating Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.50 0.64 0.67 0.58 0.56

Sa International Holdings Semi-Annual Data
Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 Mar26
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 0.60 0.60 0.62 0.65 0.57

HKSE:00178 vs CASY, WSM, ULTA: Scaled Net Operating Assets Comparison

For the Specialty Retail subindustry, Sa International 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.


Sa International Holdings Scaled Net Operating Assets vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Sa International Holdings's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where Sa International Holdings's Scaled Net Operating Assets falls into.


HKSE:00178
54GF Score
Sa SA International Holdings Ltd HKSE:00178
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Sa International 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.

Sa International Holdings's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Mar. 2026 is calculated as

Scaled Net Operating Assets (SNOA)(A: Mar. 2026 )
=(Operating Assets (A: Mar. 2026 )-Operating Liabilities (A: Mar. 2026 ))/Total Assets (A: Mar. 2025 )
=(1901.942-589.213)/2326.127
=0.56

where

Operating Assets(A: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=2406.755 - 504.813
=1901.942

Operating Liabilities(A: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1124.296 - 242.668 - 292.415
=589.213

Sa International Holdings's Scaled Net Operating Assets (SNOA) for the quarter that ended in Mar. 2026 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Mar. 2026 )
=(Operating Assets (Q: Mar. 2026 )-Operating Liabilities (Q: Mar. 2026 ))/Total Assets (Q: Sep. 2025 )
=(1901.942-589.213)/2323.124
=0.57

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=2406.755 - 504.813
=1901.942

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1124.296 - 242.668 - 292.415
=589.213

* 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?
Sa International Holdings (HKSE:00178) has a Scaled Net Operating Assets of 0.57 as of Mar. 2026. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Sa International Holdings and its competitors.
Is Sa International Holdings' Scaled Net Operating Assets too high?
Sa International Holdings' current Scaled Net Operating Assets is 0.57. Overall, Sa International Holdings has a GF Score™ of 54/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Sa International Holdings' Scaled Net Operating Assets compare to CASY and WSM?
Sa International Holdings' Scaled Net Operating Assets of 0.57 can be compared against companies in the Retail - Cyclical 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 Retail - Cyclical company?
A good Scaled Net Operating Assets depends on the Retail - Cyclical 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 Sa International Holdings and its competitors. Sa International 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 Sa International Holdings stock overvalued right now?
Based on GuruFocus' analysis, Sa International Holdings (HKSE:00178) is currently considered Modestly Overvalued. The stock's GF Value™ is HK$0.76, compared to a current price of HK$0.95 — trading 24.3% above its estimated fair value. The current Scaled Net Operating Assets is 0.57. Sa International Holdings' overall GF Score™ is 54/100 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 Sa International Holdings (HKSE:00178), the current Scaled Net Operating Assets is 0.57 as of Mar. 2026. 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.

Is Sa International Holdings (HKSE:00178) Overvalued in 2026?

Based on GuruFocus' analysis, Sa International Holdings stock appears to be overvalued. The current stock price of HK$0.95 is trading 24.3% above its estimated GF Value™ of HK$0.76. GuruFocus considers Sa International Holdings to be Modestly Overvalued.

Key valuation signals for HKSE:00178:

  • Scaled Net Operating Assets: 0.57
  • GF Value™: HK$0.76 vs. price of HK$0.95 (24.3% above fair value)
  • GF Score™: 54/100 with 4 warning signs

No single metric tells the full story. See the HKSE:00178 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Sa International Holdings Business Description

Other Exchanges SAXJY:USA
Address 18 Ka Yip Street, 8th Floor, Block B, MP Industrial Centre, Chai Wan, Hong Kong, HKG
Sa SA International Holdings Ltd is an investment holding company. The group operates as a beauty-product retail group in Asia. Its business covers Hong Kong and Macao SARs, the Chinese Mainland, and Southeast Asia. It is a one-stop beauty product specialty platform with a business focus on Beauty. The group provides diverse and quality products under more than 650 brands, ranging from skincare, fragrance, make-up, hair care, body care products, inner beauty and health products, as well as beauty equipment. Its diversified e-commerce platforms offer round-the-clock online shopping services along with comprehensive product information to customers from different countries. Its physical and online business presence is striving to provide a customer-centric omni-channel shopping experience.
54GF Score

Get the complete analysis for HKSE:00178

Scaled Net Operating Assets is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

HK$0.95
Price
HK$0.76
GF Value