JINGDONG Industrials (HKSE:07618) Scaled Net Operating Assets: -0.23 (As of Dec. 2025)

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HKSE:07618 JINGDONG Industrials Inc HKSE:07618
18 GF Score
Price HK$13.58
! 3 Warning Signs
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What is JINGDONG Industrials Scaled Net Operating Assets?

JINGDONG Industrials HKSE:07618 -2.65% 18 Scaled Net Operating Assets is -0.23 as of Dec. 2025. GuruFocus rates HKSE:07618 with a GF Score™ of 18/100. The stock has 3 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.

JINGDONG Industrials's operating assets for the quarter that ended in Dec. 2025 was HK$5,282 Mil. JINGDONG Industrials's operating liabilities for the quarter that ended in Dec. 2025 was HK$8,877 Mil. JINGDONG Industrials's Total Assets for the quarter that ended in Jun. 2025 was HK$15,601 Mil. Therefore, JINGDONG Industrials's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2025 was -0.23.


JINGDONG Industrials Scaled Net Operating Assets Historical Data

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The historical data trend for JINGDONG Industrials'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.

JINGDONG Industrials Scaled Net Operating Assets Chart

JINGDONG Industrials Annual Data
Trend Dec22 Dec23 Dec24 Dec25
Scaled Net Operating Assets
0.59 -0.22 -0.18 -0.23

JINGDONG Industrials Semi-Annual Data
Dec22 Dec23 Jun24 Dec24 Jun25 Dec25
Scaled Net Operating Assets Get a 7-Day Free Trial -0.22 0.00 0.00 -0.14 -0.23

HKSE:07618 vs QH, SHOP, UBER: Scaled Net Operating Assets Comparison

For the Software - Application subindustry, JINGDONG Industrials'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.


JINGDONG Industrials Scaled Net Operating Assets vs Software Industry

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

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


HKSE:07618
18GF Score
JINGDONG Industrials Inc HKSE:07618
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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JINGDONG Industrials 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.

JINGDONG Industrials'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 )
=(5282.126-8876.796)/15648.908
=-0.23

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=21268.287 - 15986.161
=5282.126

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=8885.093 - 5.035 - 3.262
=8876.796

JINGDONG Industrials'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 )
=(5282.126-8876.796)/15601.085
=-0.23

where

Operating Assets(Q: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=21268.287 - 15986.161
=5282.126

Operating Liabilities(Q: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=8885.093 - 5.035 - 3.262
=8876.796

* 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 -0.23 mean?
JINGDONG Industrials (HKSE:07618) has a Scaled Net Operating Assets of -0.23 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 JINGDONG Industrials and its competitors.
Is JINGDONG Industrials' Scaled Net Operating Assets too high?
JINGDONG Industrials' current Scaled Net Operating Assets is -0.23. Overall, JINGDONG Industrials has a GF Score™ of 18/100, reflecting its overall financial health beyond just this single metric.
How does JINGDONG Industrials' Scaled Net Operating Assets compare to QH and SHOP?
JINGDONG Industrials' Scaled Net Operating Assets of -0.23 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 JINGDONG Industrials and its competitors. JINGDONG Industrials's current Scaled Net Operating Assets is -0.23. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is JINGDONG Industrials stock overvalued right now?
JINGDONG Industrials (HKSE:07618) has a current Scaled Net Operating Assets of -0.23. The current Scaled Net Operating Assets is -0.23. JINGDONG Industrials' overall GF Score™ is 18/100 with 3 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 JINGDONG Industrials (HKSE:07618), the current Scaled Net Operating Assets is -0.23 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.

JINGDONG Industrials Business Description

Address No. 59 Kechuang 11 Street, Yizhuang Economic and Technological Development Zone, 3rd Floor, Building 4, JD National Headquarters, Daxing District, Beijing, CHN, 101111
JINGDONG Industrials Inc is engaged in industrial supply chain technology and acts as service provider in China. With the help of transformative digitalization of the industrial supply chain, the company help customers to increase supply chain reliability, reduce costs, enhance efficiency, and ensure compliance. established an end-to-end supply chain digital infrastructure and leveraged broad product offerings, and streamlined operations to address the common fundamental needs of the industry.
18GF 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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