Basic Semiconductor Co (HKSE:09971) Scaled Net Operating Assets: 0.32 (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:09971 Basic Semiconductor Co Ltd HKSE:09971
7 GF Score
Price HK$41.58
! 2 Warning Signs
View Full Analysis

What is Basic Semiconductor Co Scaled Net Operating Assets?

Basic Semiconductor Co HKSE:09971 -2.39% 7 Scaled Net Operating Assets is 0.32 as of Dec. 2025. GuruFocus rates HKSE:09971 with a GF Score™ of 7/100. 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.

Basic Semiconductor Co's operating assets for the quarter that ended in Dec. 2025 was HK$1,011.8 Mil. Basic Semiconductor Co's operating liabilities for the quarter that ended in Dec. 2025 was HK$692.5 Mil. Basic Semiconductor Co's Total Assets for the quarter that ended in Dec. 2024 was HK$1,005.6 Mil. Therefore, Basic Semiconductor Co's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2025 was 0.32.


Basic Semiconductor Co Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Basic Semiconductor 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.

Basic Semiconductor Co Scaled Net Operating Assets Chart

Basic Semiconductor Co Annual Data
Trend Dec23 Dec24 Dec25
Scaled Net Operating Assets
0.63 0.45 0.32

Basic Semiconductor Co Semi-Annual Data
Dec23 Dec24 Dec25
Scaled Net Operating Assets 0.63 0.45 0.32

HKSE:09971 vs NVDA, AVGO, MU: Scaled Net Operating Assets Comparison

For the Semiconductors subindustry, Basic Semiconductor 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.


Basic Semiconductor Co Scaled Net Operating Assets vs Semiconductors Industry

For the Semiconductors industry and Technology sector, Basic Semiconductor Co's Scaled Net Operating Assets distribution charts can be found below:

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


HKSE:09971
7GF Score
Basic Semiconductor Co Ltd HKSE:09971
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Basic Semiconductor 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.

Basic Semiconductor 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 )
=(1011.76-692.484)/1005.585
=0.32

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=1120.946 - 109.186
=1011.76

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1105.711 - 51.56 - 361.667
=692.484

Basic Semiconductor 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: Dec. 2024 )
=(1011.76-692.484)/1005.585
=0.32

where

Operating Assets(Q: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=1120.946 - 109.186
=1011.76

Operating Liabilities(Q: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1105.711 - 51.56 - 361.667
=692.484

* 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 0.32 mean?
Basic Semiconductor Co (HKSE:09971) has a Scaled Net Operating Assets of 0.32 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 Basic Semiconductor Co and its competitors.
Is Basic Semiconductor Co's Scaled Net Operating Assets too high?
Basic Semiconductor Co's current Scaled Net Operating Assets is 0.32. Overall, Basic Semiconductor Co has a GF Score™ of 7/100, reflecting its overall financial health beyond just this single metric.
How does Basic Semiconductor Co's Scaled Net Operating Assets compare to NVDA and AVGO?
Basic Semiconductor Co's Scaled Net Operating Assets of 0.32 can be compared against companies in the Semiconductors 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 Semiconductors company?
A good Scaled Net Operating Assets depends on the Semiconductors 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 Basic Semiconductor Co and its competitors. Basic Semiconductor Co's current Scaled Net Operating Assets is 0.32. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Basic Semiconductor Co stock overvalued right now?
Basic Semiconductor Co (HKSE:09971) has a current Scaled Net Operating Assets of 0.32. The current Scaled Net Operating Assets is 0.32. Basic Semiconductor Co's overall GF Score™ is 7/100 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 Basic Semiconductor Co (HKSE:09971), the current Scaled Net Operating Assets is 0.32 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.

Basic Semiconductor Co Business Description

Address Gaoxin South 7th Road, 11th Floor, Block B, National Engineering Laboratory Building, Nanshan District, Shenzhen, CHN
Basic Semiconductor Co Ltd operates in the semiconductor power device industry, specializing in the research, development, manufacturing and sales of SiC power devices. The core business includes SiC chip design, wafer fabrication, module packaging, and gate driver design and testing. Its products serve a wide range of industries, including NEVs, renewable energy systems, energy storage systems, industrial control, data and server centers and rail transportations. The majority of the company's revenue is derived from the sales of SiC power modules in Mainland China.
7GF Score

Get the complete analysis for HKSE:09971

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

HK$41.58
Price