Busy Ming Group Co (HKSE:01768) Scaled Net Operating Assets: 0.41 (As of Dec. 2025)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

HKSE:01768 Busy Ming Group Co Ltd HKSE:01768
20 GF Score
Price HK$444.80
! 2 Warning Signs
View Full Analysis

What is Busy Ming Group Co Scaled Net Operating Assets?

Busy Ming Group Co HKSE:01768 +4.66% 20 Scaled Net Operating Assets is 0.41 as of Dec. 2025. GuruFocus rates HKSE:01768 with a GF Score™ of 20/100. The stock has 2 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.

Busy Ming Group Co's operating assets for the quarter that ended in Dec. 2025 was HK$9,793 Mil. Busy Ming Group Co's operating liabilities for the quarter that ended in Dec. 2025 was HK$4,571 Mil. Busy Ming Group Co's Total Assets for the quarter that ended in Sep. 2025 was HK$12,617 Mil. Therefore, Busy Ming Group Co's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2025 was 0.41.

Busy Ming Group Co Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Busy Ming Group Co'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.

Busy Ming Group Co Scaled Net Operating Assets Chart

Busy Ming Group Co Annual Data
Trend Dec22 Dec23 Dec24 Dec25
Scaled Net Operating Assets
0.15 3.17 0.66 0.48

Busy Ming Group Co Quarterly Data
Dec22 Dec23 Sep24 Dec24 Jun25 Sep25 Dec25
Scaled Net Operating Assets Get a 7-Day Free Trial 0.00 0.00 0.44 0.46 0.41

HKSE:01768 vs SYY, USFD, PFGC: Scaled Net Operating Assets Comparison

For the Food Distribution subindustry, Busy Ming Group Co'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.

Busy Ming Group Co Scaled Net Operating Assets vs Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, Busy Ming Group Co's Scaled Net Operating Assets distribution charts can be found below:

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


HKSE:01768
20GF Score
Busy Ming Group Co Ltd HKSE:01768
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Busy Ming Group Co 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.

Busy Ming Group Co'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 )
=(9792.54-4571.236)/10856.323
=0.48

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=13920.471 - 4127.931
=9792.54

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=4989.758 - 198.156 - 220.366
=4571.236

Busy Ming Group Co'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: Sep. 2025 )
=(9792.54-4571.236)/12616.839
=0.41

where

Operating Assets(Q: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=13920.471 - 4127.931
=9792.54

Operating Liabilities(Q: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=4989.758 - 198.156 - 220.366
=4571.236

* 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 0.41 mean?
Busy Ming Group Co (HKSE:01768) has a Scaled Net Operating Assets of 0.41 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 Busy Ming Group Co and its competitors.
Is Busy Ming Group Co's Scaled Net Operating Assets too high?
Busy Ming Group Co's current Scaled Net Operating Assets is 0.41. Overall, Busy Ming Group Co has a GF Score™ of 20/100, reflecting its overall financial health beyond just this single metric.
How does Busy Ming Group Co's Scaled Net Operating Assets compare to SYY and USFD?
Busy Ming Group Co's Scaled Net Operating Assets of 0.41 can be compared against companies in the Retail - Defensive 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 - Defensive company?
A good Scaled Net Operating Assets depends on the Retail - Defensive 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 Busy Ming Group Co and its competitors. Busy Ming Group Co's current Scaled Net Operating Assets is 0.41. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Busy Ming Group Co stock overvalued right now?
Busy Ming Group Co (HKSE:01768) has a current Scaled Net Operating Assets of 0.41. The current Scaled Net Operating Assets is 0.41. Busy Ming Group Co's overall GF Score™ is 20/100 with 2 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 Busy Ming Group Co (HKSE:01768), the current Scaled Net Operating Assets is 0.41 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.

Busy Ming Group Co Business Description

Address 567 Changsha Avenue, 33001-33006, Phase II Business Complex Building, Yunda Central Plaza, Yuhua District, Hunan Province, Changsha, CHN
Busy Ming Group Co Ltd is principally engaged in the sale of snacks and beverages as well as the provision of related services. The company operates under the two brands: Busy for You and Super Ming. The majority of its revenue is derived from (i) sales of goods to franchisees and (ii) fees for franchising services. Geographically, it generates revenue only from the PRC.
20GF Score

Get the complete analysis for HKSE:01768

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

HK$444.80
Price