Crystal International Group (HKSE:02232) Scaled Net Operating Assets: 0.54 (As of Dec. 2025)

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HKSE:02232 Crystal International Group Ltd HKSE:02232
95 GF Score
Price HK$5.76
GF Value HK$4.94
Valuation Modestly Overvalued
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What is Crystal International Group Scaled Net Operating Assets?

Crystal International Group HKSE:02232 +1.23% 95 Scaled Net Operating Assets is 0.54 as of Dec. 2025. GuruFocus rates HKSE:02232 with a GF Score™ of 95/100 and a GF Value™ of HK$4.94 (Modestly Overvalued).

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Crystal International Group's operating assets for the quarter that ended in Dec. 2025 was HK$14,026 Mil. Crystal International Group's operating liabilities for the quarter that ended in Dec. 2025 was HK$4,183 Mil. Crystal International Group's Total Assets for the quarter that ended in Jun. 2025 was HK$18,347 Mil. Therefore, Crystal International Group's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2025 was 0.54.


Crystal International Group Scaled Net Operating Assets Historical Data

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The historical data trend for Crystal International 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.

Crystal International Group Scaled Net Operating Assets Chart

Crystal International Group Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Scaled Net Operating Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.62 0.52 0.49 0.57 0.56

Crystal International Group Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 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 0.47 0.48 0.55 0.47 0.54

HKSE:02232 vs RL, LEVI, VFC: Scaled Net Operating Assets Comparison

For the Apparel Manufacturing subindustry, Crystal International 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.


Crystal International Group Scaled Net Operating Assets vs Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Crystal International Group's Scaled Net Operating Assets distribution charts can be found below:

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


HKSE:02232
95GF Score
Crystal International Group Ltd HKSE:02232
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Crystal International 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.

Crystal International Group'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 )
=(14026.113-4183.277)/17524.765
=0.56

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=17000.791 - 2974.678
=14026.113

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=4460.593 - 174.197 - 103.119
=4183.277

Crystal International Group'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 )
=(14026.113-4183.277)/18346.668
=0.54

where

Operating Assets(Q: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=17000.791 - 2974.678
=14026.113

Operating Liabilities(Q: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=4460.593 - 174.197 - 103.119
=4183.277

* 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 0.54 mean?
Crystal International Group (HKSE:02232) has a Scaled Net Operating Assets of 0.54 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 Crystal International Group and its competitors.
Is Crystal International Group's Scaled Net Operating Assets too high?
Crystal International Group's current Scaled Net Operating Assets is 0.54. Overall, Crystal International Group has a GF Score™ of 95/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Crystal International Group's Scaled Net Operating Assets compare to RL and LEVI?
Crystal International Group's Scaled Net Operating Assets of 0.54 can be compared against companies in the Manufacturing - Apparel & Accessories 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 Manufacturing - Apparel & Accessories company?
A good Scaled Net Operating Assets depends on the Manufacturing - Apparel & Accessories 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 Crystal International Group and its competitors. Crystal International Group's current Scaled Net Operating Assets is 0.54. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Crystal International Group stock overvalued right now?
Based on GuruFocus' analysis, Crystal International Group (HKSE:02232) is currently considered Modestly Overvalued. The stock's GF Value™ is HK$4.94, compared to a current price of HK$5.76 — trading 16.6% above its estimated fair value. The current Scaled Net Operating Assets is 0.54. Crystal International Group's overall GF Score™ is 95/100. 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 Crystal International Group (HKSE:02232), the current Scaled Net Operating Assets is 0.54 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.

Is Crystal International Group (HKSE:02232) Overvalued in 2026?

Based on GuruFocus' analysis, Crystal International Group stock appears to be overvalued. The current stock price of HK$5.76 is trading 16.6% above its estimated GF Value™ of HK$4.94. GuruFocus considers Crystal International Group to be Modestly Overvalued.

Key valuation signals for HKSE:02232:

  • Scaled Net Operating Assets: 0.54
  • GF Value™: HK$4.94 vs. price of HK$5.76 (16.6% above fair value)
  • GF Score™: 95/100

No single metric tells the full story. See the HKSE:02232 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Crystal International Group Business Description

Address No. 100 How Ming Street, 5-7th Floor, AXA Tower, Landmark East, Kowloon, Hong Kong, HKG
Crystal International Group Ltd is principally engaged in the manufacturing and trading of garments. The operating segments of the company include Lifestyle wear, Denim, Intimate, Sweater, Sportswear, and Outdoor Apparel. It generates a majority of its revenue from Lifestyle wear. Geographically, it generates the majority of revenue from the Asia Pacific, which includes Japan, PRC, and South Korea.
95GF Score

Get the complete analysis for HKSE:02232

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

HK$5.76
Price
HK$4.94
GF Value