Starcoin Group (HKSE:00399) Scaled Net Operating Assets: 0.93 (As of Sep. 2025)

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What is Starcoin Group Scaled Net Operating Assets?

Starcoin Group HKSE:00399 Scaled Net Operating Assets is 0.93 as of Sep. 2025. The stock has 7 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.

Starcoin Group's operating assets for the quarter that ended in Sep. 2025 was HK$1,092.66 Mil. Starcoin Group's operating liabilities for the quarter that ended in Sep. 2025 was HK$82.72 Mil. Starcoin Group's Total Assets for the quarter that ended in Mar. 2025 was HK$1,085.13 Mil. Therefore, Starcoin Group's scaled net operating assets (SNOA) for the quarter that ended in Sep. 2025 was 0.93.


Starcoin Group Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Starcoin Group'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.

Starcoin Group Scaled Net Operating Assets Chart

Starcoin Group Annual Data
Trend Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25
Scaled Net Operating Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.95 0.95 0.95 0.96 0.74

Starcoin Group Semi-Annual Data
Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 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 0.96 0.96 0.96 0.74 0.93

HKSE:00399 vs CASY, WSM, DKS: Scaled Net Operating Assets Comparison

For the Specialty Retail subindustry, Starcoin Group'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.


Starcoin Group Scaled Net Operating Assets vs Retail - Cyclical Industry

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

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



Starcoin Group 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.

Starcoin Group's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Mar. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(A: Mar. 2025 )
=(Operating Assets (A: Mar. 2025 )-Operating Liabilities (A: Mar. 2025 ))/Total Assets (A: Mar. 2024 )
=(1081.426-56.312)/1383.023
=0.74

where

Operating Assets(A: Mar. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=1085.129 - 3.703
=1081.426

Operating Liabilities(A: Mar. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1059.788 - 87.723 - 915.753
=56.312

Starcoin Group'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: Mar. 2025 )
=(1092.657-82.724)/1085.129
=0.93

where

Operating Assets(Q: Sep. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=1110.728 - 18.071
=1092.657

Operating Liabilities(Q: Sep. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1191.092 - 83.289 - 1025.079
=82.724

* 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 0.93 mean?
Starcoin Group (HKSE:00399) has a Scaled Net Operating Assets of 0.93 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 Starcoin Group and its competitors.
Is Starcoin Group's Scaled Net Operating Assets too high?
Starcoin Group's current Scaled Net Operating Assets is 0.93.
How does Starcoin Group's Scaled Net Operating Assets compare to CASY and WSM?
Starcoin Group's Scaled Net Operating Assets of 0.93 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 Starcoin Group and its competitors. Starcoin Group's current Scaled Net Operating Assets is 0.93. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Starcoin Group stock overvalued right now?
Starcoin Group (HKSE:00399) has a current Scaled Net Operating Assets of 0.93. The stock's GF Value™ is HK$0.06, compared to a current price of HK$0.07 — trading 21.7% above its estimated fair value. The current Scaled Net Operating Assets is 0.93. 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 Starcoin Group (HKSE:00399), the current Scaled Net Operating Assets is 0.93 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.

Starcoin Group Business Description

Address 145 Hennessy Road, Unit No. 2002, 20th Floor, On Hong Commercial Building, Wan Chai, Hong Kong, HKG
Starcoin Group Ltd, formerly Innovative Pharmaceutical Biotech Ltd is a Hong Kong-based investment holding company principally engaged in pharmaceuticals and biotechnology businesses. The company has two operating segments; Trading of beauty products in Hong Kong and Research, development, and commercialisation of the oral insulin product. The company generates almost all of its revenue from Hong Kong.