Mobvoi (HKSE:02438) Scaled Net Operating Assets: 0.09 (As of Dec. 2025)

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HKSE:02438 Mobvoi Inc HKSE:02438
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What is Mobvoi Scaled Net Operating Assets?

Mobvoi HKSE:02438 +1.41% 8 Scaled Net Operating Assets is 0.09 as of Dec. 2025. GuruFocus rates HKSE:02438 with a GF Score™ of 8/100. The stock has 5 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.

Mobvoi's operating assets for the quarter that ended in Dec. 2025 was HK$131.5 Mil. Mobvoi's operating liabilities for the quarter that ended in Dec. 2025 was HK$83.4 Mil. Mobvoi's Total Assets for the quarter that ended in Jun. 2025 was HK$517.2 Mil. Therefore, Mobvoi's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2025 was 0.09.


Mobvoi Scaled Net Operating Assets Historical Data

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The historical data trend for Mobvoi'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.

Mobvoi Scaled Net Operating Assets Chart

Mobvoi Annual Data
Trend Dec21 Dec22 Dec23 Dec24 Dec25
Scaled Net Operating Assets
-4.99 -5.25 -10.16 -0.03 0.09

Mobvoi Semi-Annual Data
Dec21 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Scaled Net Operating Assets Get a 7-Day Free Trial 0.00 0.05 -0.02 0.13 0.09

HKSE:02438 vs MSFT, ORCL, PLTR: Scaled Net Operating Assets Comparison

For the Software - Infrastructure subindustry, Mobvoi'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.


Mobvoi Scaled Net Operating Assets vs Software Industry

For the Software industry and Technology sector, Mobvoi's Scaled Net Operating Assets distribution charts can be found below:

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


HKSE:02438
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Mobvoi Inc HKSE:02438
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Mobvoi 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.

Mobvoi'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 )
=(131.451-83.364)/560.789
=0.09

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=402.945 - 271.494
=131.451

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=144.679 - 1.063 - 60.252
=83.364

Mobvoi'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 )
=(131.451-83.364)/517.195
=0.09

where

Operating Assets(Q: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=402.945 - 271.494
=131.451

Operating Liabilities(Q: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=144.679 - 1.063 - 60.252
=83.364

* 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 0.09 mean?
Mobvoi (HKSE:02438) has a Scaled Net Operating Assets of 0.09 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 Mobvoi and its competitors.
Is Mobvoi's Scaled Net Operating Assets too high?
Mobvoi's current Scaled Net Operating Assets is 0.09. Overall, Mobvoi has a GF Score™ of 8/100, reflecting its overall financial health beyond just this single metric.
How does Mobvoi's Scaled Net Operating Assets compare to MSFT and ORCL?
Mobvoi's Scaled Net Operating Assets of 0.09 can be compared against companies in the Software 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 Software company?
A good Scaled Net Operating Assets depends on the Software 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 Mobvoi and its competitors. Mobvoi's current Scaled Net Operating Assets is 0.09. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mobvoi stock overvalued right now?
Mobvoi (HKSE:02438) has a current Scaled Net Operating Assets of 0.09. The current Scaled Net Operating Assets is 0.09. Mobvoi's overall GF Score™ is 8/100 with 5 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 Mobvoi (HKSE:02438), the current Scaled Net Operating Assets is 0.09 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.

Mobvoi Business Description

Address No. 6 Xingzhi Road, Level 23, Building 3, Economic and Technology Development Zone, Nanjing, CHN
Mobvoi Inc is engaged in providing AIGC solutions, AI enterprise solutions, smart devices and accessories with generative AI and voice interaction technologies at the core of business. The company is engaged providing hardware and software integrated AI products and services to enterprises and consumers across multiple countries and regions. Its business segments consist of AI Software Solutions, which comprise AIGC solutions and AI enterprise solutions; and AI Hardware includes the sale of smart devices and other accessories. Key revenue is generated from AI Hardware Solutions. The company geographically operates in Mainland China, Germany, and Other Countries.
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