Nictus Holdings (NAM:NHL) Scaled Net Operating Assets: -0.35 (As of Dec. 2025)

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NAM:NHL Nictus Holdings Ltd NAM:NHL
30 GF Score
Price R3.40
! 5 Warning Signs
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What is Nictus Holdings Scaled Net Operating Assets?

Nictus Holdings NAM:NHL 30 Scaled Net Operating Assets is -0.35 as of Dec. 2025. GuruFocus rates NAM:NHL with a GF Score™ of 30/100. 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.

Nictus Holdings's operating assets for the quarter that ended in Dec. 2025 was R1,563 Mil. Nictus Holdings's operating liabilities for the quarter that ended in Dec. 2025 was R2,494 Mil. Nictus Holdings's Total Assets for the quarter that ended in Jun. 2025 was R2,623 Mil. Therefore, Nictus Holdings's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2025 was -0.35.


Nictus Holdings Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Nictus Holdings'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.

Nictus Holdings Scaled Net Operating Assets Chart

Nictus Holdings Annual Data
Trend Mar16 Mar17 Mar18 Mar20 Mar21 Jun22 Jun23 Jun24 Jun25
Scaled Net Operating Assets
Get a 7-Day Free Trial Premium Member Only -0.01 -0.03 -0.08 -0.28 -0.31

Nictus Holdings Semi-Annual Data
Mar17 Sep17 Mar18 Sep18 Sep19 Mar20 Sep20 Mar21 Sep21 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 -0.13 -0.25 -0.32 -0.26 -0.36

NAM:NHL vs TSCO, ULTA, WSM: Scaled Net Operating Assets Comparison

For the Specialty Retail subindustry, Nictus Holdings'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.


Nictus Holdings Scaled Net Operating Assets vs Retail - Cyclical Industry

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

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


NAM:NHL
30GF Score
Nictus Holdings Ltd NAM:NHL
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Nictus Holdings 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.

Nictus Holdings's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Jun. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(A: Jun. 2025 )
=(Operating Assets (A: Jun. 2025 )-Operating Liabilities (A: Jun. 2025 ))/Total Assets (A: Jun. 2024 )
=(1584.311-2228.054)/2082.093
=-0.31

where

Operating Assets(A: Jun. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=2622.935 - 1038.624
=1584.311

Operating Liabilities(A: Jun. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=2281.538 - 19.449 - 34.035
=2228.054

Nictus Holdings'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 )
=(1562.838-2493.773)/2622.935
=-0.35

where

Operating Assets(Q: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=2927.426 - 1364.588
=1562.838

Operating Liabilities(Q: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=2562.665 - 25.673 - 43.219
=2493.773

* 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 -0.35 mean?
Nictus Holdings (NAM:NHL) has a Scaled Net Operating Assets of -0.35 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 Nictus Holdings and its competitors.
Is Nictus Holdings' Scaled Net Operating Assets too high?
Nictus Holdings' current Scaled Net Operating Assets is -0.35. Overall, Nictus Holdings has a GF Score™ of 30/100, reflecting its overall financial health beyond just this single metric.
How does Nictus Holdings' Scaled Net Operating Assets compare to TSCO and ULTA?
Nictus Holdings' Scaled Net Operating Assets of -0.35 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 Nictus Holdings and its competitors. Nictus Holdings's current Scaled Net Operating Assets is -0.35. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nictus Holdings stock overvalued right now?
Nictus Holdings (NAM:NHL) has a current Scaled Net Operating Assets of -0.35. The current Scaled Net Operating Assets is -0.35. Nictus Holdings' overall GF Score™ is 30/100 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 Nictus Holdings (NAM:NHL), the current Scaled Net Operating Assets is -0.35 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.

Nictus Holdings Business Description

Address 140 Mandume Ndemufayo Avenue, 1st Floor, Nictus Building, P.O. Box 755, Southern Industrial Area, Windhoek, NAM
Nictus Holdings Ltd retails motor vehicles, tyres, automotive glass, furniture and provides financial and insurance services in Namibia. The company operates across the Retail, Property and Insurance and Finance segments.
30GF Score

Get the complete analysis for NAM:NHL

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

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