Morn Sun Feed Mill Co (ROCO:1240) Scaled Net Operating Assets: 0.69 (As of Dec. 2025)

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ROCO:1240 Morn Sun Feed Mill Co Ltd ROCO:1240
85 GF Score
Price NT$55.40
GF Value NT$43.78
Valuation Modestly Overvalued
! 2 Warning Signs
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What is Morn Sun Feed Mill Co Scaled Net Operating Assets?

Morn Sun Feed Mill Co ROCO:1240 +0.73% 85 Scaled Net Operating Assets is 0.69 as of Dec. 2025. GuruFocus rates ROCO:1240 with a GF Score™ of 85/100 and a GF Value™ of NT$43.78 (Modestly Overvalued). 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.

Morn Sun Feed Mill Co's operating assets for the quarter that ended in Dec. 2025 was NT$1,791 Mil. Morn Sun Feed Mill Co's operating liabilities for the quarter that ended in Dec. 2025 was NT$320 Mil. Morn Sun Feed Mill Co's Total Assets for the quarter that ended in Sep. 2025 was NT$2,127 Mil. Therefore, Morn Sun Feed Mill Co's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2025 was 0.69.


Morn Sun Feed Mill Co Scaled Net Operating Assets Historical Data

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The historical data trend for Morn Sun Feed Mill 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.

Morn Sun Feed Mill Co Scaled Net Operating Assets Chart

Morn Sun Feed Mill Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Scaled Net Operating Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.73 0.70 0.64 0.67 0.69

Morn Sun Feed Mill Co Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 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 Premium Member Only Premium Member Only Premium Member Only 0.55 0.67 0.64 0.71 0.69

ROCO:1240 vs ADM, BG, TSN: Scaled Net Operating Assets Comparison

For the Farm Products subindustry, Morn Sun Feed Mill 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.


Morn Sun Feed Mill Co Scaled Net Operating Assets vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Morn Sun Feed Mill Co's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where Morn Sun Feed Mill Co's Scaled Net Operating Assets falls into.


ROCO:1240
85GF Score
Morn Sun Feed Mill Co Ltd ROCO:1240
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Morn Sun Feed Mill 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.

Morn Sun Feed Mill 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 )
=(1791.08-320.287)/2141.238
=0.69

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=2222.652 - 431.572
=1791.08

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=658.907 - 29.443 - 309.177
=320.287

Morn Sun Feed Mill 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: Sep. 2025 )
=(1791.08-320.287)/2127.08
=0.69

where

Operating Assets(Q: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=2222.652 - 431.572
=1791.08

Operating Liabilities(Q: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=658.907 - 29.443 - 309.177
=320.287

* 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 0.69 mean?
Morn Sun Feed Mill Co (ROCO:1240) has a Scaled Net Operating Assets of 0.69 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 Morn Sun Feed Mill Co and its competitors.
Is Morn Sun Feed Mill Co's Scaled Net Operating Assets too high?
Morn Sun Feed Mill Co's current Scaled Net Operating Assets is 0.69. Overall, Morn Sun Feed Mill Co has a GF Score™ of 85/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Morn Sun Feed Mill Co's Scaled Net Operating Assets compare to ADM and BG?
Morn Sun Feed Mill Co's Scaled Net Operating Assets of 0.69 can be compared against companies in the Consumer Packaged Goods 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 Consumer Packaged Goods company?
A good Scaled Net Operating Assets depends on the Consumer Packaged Goods 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 Morn Sun Feed Mill Co and its competitors. Morn Sun Feed Mill Co's current Scaled Net Operating Assets is 0.69. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Morn Sun Feed Mill Co stock overvalued right now?
Based on GuruFocus' analysis, Morn Sun Feed Mill Co (ROCO:1240) is currently considered Modestly Overvalued. The stock's GF Value™ is NT$43.78, compared to a current price of NT$55.40 — trading 26.5% above its estimated fair value. The current Scaled Net Operating Assets is 0.69. Morn Sun Feed Mill Co's overall GF Score™ is 85/100 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 Morn Sun Feed Mill Co (ROCO:1240), the current Scaled Net Operating Assets is 0.69 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.

Is Morn Sun Feed Mill Co (ROCO:1240) Overvalued in 2026?

Based on GuruFocus' analysis, Morn Sun Feed Mill Co stock appears to be overvalued. The current stock price of NT$55.40 is trading 26.5% above its estimated GF Value™ of NT$43.78. GuruFocus considers Morn Sun Feed Mill Co to be Modestly Overvalued.

Key valuation signals for ROCO:1240:

  • Scaled Net Operating Assets: 0.69
  • GF Value™: NT$43.78 vs. price of NT$55.40 (26.5% above fair value)
  • GF Score™: 85/100 with 2 warning signs

No single metric tells the full story. See the ROCO:1240 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Morn Sun Feed Mill Co Business Description

Address No. 30, Heping West Road, 2nd Floor, Section 1, Zhongzheng District, Taipei, TWN
Morn Sun Feed Mill Co Ltd is engaged in the manufacture and processing and the sale of feed and raw materials trading of rice shells, flour, soybeans, barley and wheat and assorted grains, and feeding of domestic livestock and poultry, etc. Reportable segments of the Group are the Feed Segment, Egg Product Segment, Breeding Segment and other segments. The company generates maximum of its revenue from the Feed Segment. It also generates revenue from warehouse rental income and sales of breeding pigs.
85GF Score

Get the complete analysis for ROCO:1240

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

NT$55.40
Price
NT$43.78
GF Value