Boxer Retail (JSE:BOX) Scaled Net Operating Assets: 0.57 (As of Feb. 2026)


JSE:BOX Boxer Retail Ltd JSE:BOX
18 GF Score
Price R83.96
! 4 Warning Signs
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What is Boxer Retail Scaled Net Operating Assets?

Boxer Retail JSE:BOX +0.66% 18 Scaled Net Operating Assets is 0.57 as of Feb. 2026. GuruFocus rates JSE:BOX with a GF Score™ of 18/100. The stock has 4 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.

Boxer Retail's operating assets for the quarter that ended in Feb. 2026 was R13,754 Mil. Boxer Retail's operating liabilities for the quarter that ended in Feb. 2026 was R5,496 Mil. Boxer Retail's Total Assets for the quarter that ended in Aug. 2025 was R14,460 Mil. Therefore, Boxer Retail's scaled net operating assets (SNOA) for the quarter that ended in Feb. 2026 was 0.57.


Boxer Retail Scaled Net Operating Assets Historical Data

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The historical data trend for Boxer Retail'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.

Boxer Retail Scaled Net Operating Assets Chart

Boxer Retail Annual Data
Trend Feb22 Feb23 Feb24 Feb25 Feb26
Scaled Net Operating Assets
0.54 0.48 0.54 0.56 0.65

Boxer Retail Semi-Annual Data
Feb22 Feb23 Aug23 Feb24 Aug24 Feb25 Aug25 Feb26
Scaled Net Operating Assets Get a 7-Day Free Trial 0.00 0.47 0.60 0.52 0.57

JSE:BOX vs DDS, M: Scaled Net Operating Assets Comparison

For the Department Stores subindustry, Boxer Retail'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.


Boxer Retail Scaled Net Operating Assets vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Boxer Retail's Scaled Net Operating Assets distribution charts can be found below:

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


JSE:BOX
18GF Score
Boxer Retail Ltd JSE:BOX
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Boxer Retail 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.

Boxer Retail's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Feb. 2026 is calculated as

Scaled Net Operating Assets (SNOA)(A: Feb. 2026 )
=(Operating Assets (A: Feb. 2026 )-Operating Liabilities (A: Feb. 2026 ))/Total Assets (A: Feb. 2025 )
=(13754-5496)/12733
=0.65

where

Operating Assets(A: Feb. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=14292 - 538
=13754

Operating Liabilities(A: Feb. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=10967 - 4833 - 638
=5496

Boxer Retail's Scaled Net Operating Assets (SNOA) for the quarter that ended in Feb. 2026 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Feb. 2026 )
=(Operating Assets (Q: Feb. 2026 )-Operating Liabilities (Q: Feb. 2026 ))/Total Assets (Q: Aug. 2025 )
=(13754-5496)/14460
=0.57

where

Operating Assets(Q: Feb. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=14292 - 538
=13754

Operating Liabilities(Q: Feb. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=10967 - 4833 - 638
=5496

* 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 0.57 mean?
Boxer Retail (JSE:BOX) has a Scaled Net Operating Assets of 0.57 as of Feb. 2026. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Boxer Retail and its competitors.
Is Boxer Retail's Scaled Net Operating Assets too high?
Boxer Retail's current Scaled Net Operating Assets is 0.57. Overall, Boxer Retail has a GF Score™ of 18/100, reflecting its overall financial health beyond just this single metric.
How does Boxer Retail's Scaled Net Operating Assets compare to DDS and M?
Boxer Retail's Scaled Net Operating Assets of 0.57 can be compared against companies in the Retail - Cyclical 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 - Cyclical company?
A good Scaled Net Operating Assets depends on the Retail - Cyclical 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 Boxer Retail and its competitors. Boxer Retail's current Scaled Net Operating Assets is 0.57. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Boxer Retail stock overvalued right now?
Boxer Retail (JSE:BOX) has a current Scaled Net Operating Assets of 0.57. The current Scaled Net Operating Assets is 0.57. Boxer Retail's overall GF Score™ is 18/100 with 4 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 Boxer Retail (JSE:BOX), the current Scaled Net Operating Assets is 0.57 as of Feb. 2026. 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.

Boxer Retail Business Description

Address 41 The Boulevard, PO Box 370, Westend Office Park, Westville, NL, ZAF, 3630
Boxer Retail Ltd is engaged in the retail of food, health and beauty products, general merchandise and liquor, and additional value-added services, in South Africa and Eswatini. The group has one operating segment, namely Boxer Group which includes all retail operations under the Boxer Superstores, Boxer Build and Boxer Liquors brands selling products such as groceries, general merchandise and liquor.
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.

R83.96
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