Travel Expert (Asia) Enterprises (HKSE:01235) Scaled Net Operating Assets: -0.11 (As of Mar. 2026)

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HKSE:01235 Travel Expert (Asia) Enterprises Ltd HKSE:01235
45 GF Score
Price HK$0.19
! 6 Warning Signs
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What is Travel Expert (Asia) Enterprises Scaled Net Operating Assets?

Travel Expert (Asia) Enterprises HKSE:01235 45 Scaled Net Operating Assets is -0.11 as of Mar. 2026. GuruFocus rates HKSE:01235 with a GF Score™ of 45/100. The stock has 6 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.

Travel Expert (Asia) Enterprises's operating assets for the quarter that ended in Mar. 2026 was HK$69.4 Mil. Travel Expert (Asia) Enterprises's operating liabilities for the quarter that ended in Mar. 2026 was HK$91.1 Mil. Travel Expert (Asia) Enterprises's Total Assets for the quarter that ended in Sep. 2025 was HK$197.7 Mil. Therefore, Travel Expert (Asia) Enterprises's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was -0.11.


Travel Expert (Asia) Enterprises Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Travel Expert (Asia) Enterprises'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.

Travel Expert (Asia) Enterprises Scaled Net Operating Assets Chart

Travel Expert (Asia) Enterprises 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 -0.00 -0.08 -0.02 -0.10 -0.13

Travel Expert (Asia) Enterprises 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 -0.01 -0.24 -0.08 -0.41 -0.11

HKSE:01235 vs BKNG, ABNB, RCL: Scaled Net Operating Assets Comparison

For the Travel Services subindustry, Travel Expert (Asia) Enterprises'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.


Travel Expert (Asia) Enterprises Scaled Net Operating Assets vs Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Travel Expert (Asia) Enterprises's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where Travel Expert (Asia) Enterprises's Scaled Net Operating Assets falls into.


HKSE:01235
45GF Score
Travel Expert (Asia) Enterprises Ltd HKSE:01235
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Travel Expert (Asia) Enterprises 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.

Travel Expert (Asia) Enterprises'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 )
=(69.379-91.123)/161.855
=-0.13

where

Operating Assets(A: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=165.218 - 95.839
=69.379

Operating Liabilities(A: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=98.099 - 1.506 - 5.47
=91.123

Travel Expert (Asia) Enterprises'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 )
=(69.379-91.123)/197.706
=-0.11

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=165.218 - 95.839
=69.379

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=98.099 - 1.506 - 5.47
=91.123

* 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 -0.11 mean?
Travel Expert (Asia) Enterprises (HKSE:01235) has a Scaled Net Operating Assets of -0.11 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 Travel Expert (Asia) Enterprises and its competitors.
Is Travel Expert (Asia) Enterprises' Scaled Net Operating Assets too high?
Travel Expert (Asia) Enterprises' current Scaled Net Operating Assets is -0.11. Overall, Travel Expert (Asia) Enterprises has a GF Score™ of 45/100, reflecting its overall financial health beyond just this single metric.
How does Travel Expert (Asia) Enterprises' Scaled Net Operating Assets compare to BKNG and ABNB?
Travel Expert (Asia) Enterprises' Scaled Net Operating Assets of -0.11 can be compared against companies in the Travel & Leisure 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 Travel & Leisure company?
A good Scaled Net Operating Assets depends on the Travel & Leisure 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 Travel Expert (Asia) Enterprises and its competitors. Travel Expert (Asia) Enterprises's current Scaled Net Operating Assets is -0.11. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Travel Expert (Asia) Enterprises stock overvalued right now?
Travel Expert (Asia) Enterprises (HKSE:01235) has a current Scaled Net Operating Assets of -0.11. The current Scaled Net Operating Assets is -0.11. Travel Expert (Asia) Enterprises' overall GF Score™ is 45/100 with 6 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 Travel Expert (Asia) Enterprises (HKSE:01235), the current Scaled Net Operating Assets is -0.11 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.

Travel Expert (Asia) Enterprises Business Description

Address No. 160 Gloucester Road, 5th Floor, Overseas Trust Bank Building, Wanchai, Hong Kong, HKG
Travel Expert (Asia) Enterprises Ltd is an investment holding company. It is engaged in the provision of services relating to sales of travel-related products, sales of package tours, food and beverage, and investment in treasury activities. It derives the majority of its revenue from the Sales of package tours. Geographically, it operates from Hong Kong and the PRC. The group generates the majority of its revenue from Hong Kong.
45GF Score

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

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