Formosa Optical Technology Co (ROCO:5312) Scaled Net Operating Assets: 0.37 (As of Dec. 2025)


ROCO:5312 Formosa Optical Technology Co Ltd ROCO:5312
82 GF Score
Price NT$88.70
GF Value NT$108.80
Valuation Modestly Undervalued
! 4 Warning Signs
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What is Formosa Optical Technology Co Scaled Net Operating Assets?

Formosa Optical Technology Co ROCO:5312 82 Scaled Net Operating Assets is 0.37 as of Dec. 2025. GuruFocus rates ROCO:5312 with a GF Score™ of 82/100 and a GF Value™ of NT$108.80 (Modestly Undervalued). 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.

Formosa Optical Technology Co's operating assets for the quarter that ended in Dec. 2025 was NT$4,697 Mil. Formosa Optical Technology Co's operating liabilities for the quarter that ended in Dec. 2025 was NT$1,415 Mil. Formosa Optical Technology Co's Total Assets for the quarter that ended in Sep. 2025 was NT$8,804 Mil. Therefore, Formosa Optical Technology Co's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2025 was 0.37.


Formosa Optical Technology Co Scaled Net Operating Assets Historical Data

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The historical data trend for Formosa Optical Technology 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.

Formosa Optical Technology Co Scaled Net Operating Assets Chart

Formosa Optical Technology 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 0.39 0.39 0.39 0.41

Formosa Optical Technology 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 0.36 0.36 0.32 0.40 0.37

ROCO:5312 vs ISRG, BDX, MDLN: Scaled Net Operating Assets Comparison

For the Medical Instruments & Supplies subindustry, Formosa Optical Technology 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.


Formosa Optical Technology Co Scaled Net Operating Assets vs Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Formosa Optical Technology Co's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where Formosa Optical Technology Co's Scaled Net Operating Assets falls into.


ROCO:5312
82GF Score
Formosa Optical Technology Co Ltd ROCO:5312
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Formosa Optical Technology 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.

Formosa Optical Technology 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 )
=(4696.624-1415.022)/7999.615
=0.41

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=9154.653 - 4458.029
=4696.624

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=5425.966 - 1258.045 - 2752.899
=1415.022

Formosa Optical Technology 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 )
=(4696.624-1415.022)/8803.89
=0.37

where

Operating Assets(Q: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=9154.653 - 4458.029
=4696.624

Operating Liabilities(Q: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=5425.966 - 1258.045 - 2752.899
=1415.022

* 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 0.37 mean?
Formosa Optical Technology Co (ROCO:5312) has a Scaled Net Operating Assets of 0.37 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 Formosa Optical Technology Co and its competitors.
Is Formosa Optical Technology Co's Scaled Net Operating Assets too high?
Formosa Optical Technology Co's current Scaled Net Operating Assets is 0.37. Overall, Formosa Optical Technology Co has a GF Score™ of 82/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Formosa Optical Technology Co's Scaled Net Operating Assets compare to ISRG and BDX?
Formosa Optical Technology Co's Scaled Net Operating Assets of 0.37 can be compared against companies in the Medical Devices & Instruments 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 Medical Devices & Instruments company?
A good Scaled Net Operating Assets depends on the Medical Devices & Instruments 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 Formosa Optical Technology Co and its competitors. Formosa Optical Technology Co's current Scaled Net Operating Assets is 0.37. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Formosa Optical Technology Co stock overvalued right now?
Based on GuruFocus' analysis, Formosa Optical Technology Co (ROCO:5312) is currently considered Modestly Undervalued. The stock's GF Value™ is NT$108.80, compared to a current price of NT$88.70 — trading 18.5% below its estimated fair value. The current Scaled Net Operating Assets is 0.37. Formosa Optical Technology Co's overall GF Score™ is 82/100 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 Formosa Optical Technology Co (ROCO:5312), the current Scaled Net Operating Assets is 0.37 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 Formosa Optical Technology Co (ROCO:5312) Overvalued in 2026?

Based on GuruFocus' analysis, Formosa Optical Technology Co stock appears to be undervalued. The current stock price of NT$88.70 is trading 18.5% below its estimated GF Value™ of NT$108.80. GuruFocus considers Formosa Optical Technology Co to be Modestly Undervalued.

Key valuation signals for ROCO:5312:

  • Scaled Net Operating Assets: 0.37
  • GF Value™: NT$108.80 vs. price of NT$88.70 (18.5% below fair value)
  • GF Score™: 82/100 with 4 warning signs

No single metric tells the full story. See the ROCO:5312 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Formosa Optical Technology Co Business Description

Address No. 97, Xintai 5th Road, 16th Floor, Section 1, Xizhi District, New Taipei City, TWN
Formosa Optical Technology Co Ltd is mainly engaged in the eyewear business, including optometry services and the retail business selling contact lenses and eye drops. The Group mainly derives revenue from the business divisions of Formosa Optical Technology and Bo Wei Optical, with Formosa Optical Technology generating maximum revenue. The majority of revenue is derived from the sale of glasses. The Group generates the majority of its revenue from Taiwan.
82GF Score

Get the complete analysis for ROCO:5312

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

NT$88.70
Price
NT$108.80
GF Value