Vate Technology (ROCO:5344) Scaled Net Operating Assets: 0.59 (As of Dec. 2025)

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ROCO:5344 Vate Technology Corp Ltd ROCO:5344
64 GF Score
Price NT$16.20
GF Value NT$20.22
Valuation Modestly Undervalued
! 6 Warning Signs
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What is Vate Technology Scaled Net Operating Assets?

Vate Technology ROCO:5344 +3.18% 64 Scaled Net Operating Assets is 0.59 as of Dec. 2025. GuruFocus rates ROCO:5344 with a GF Score™ of 64/100 and a GF Value™ of NT$20.22 (Modestly Undervalued). The stock has 6 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.

Vate Technology's operating assets for the quarter that ended in Dec. 2025 was NT$460.2 Mil. Vate Technology's operating liabilities for the quarter that ended in Dec. 2025 was NT$96.9 Mil. Vate Technology's Total Assets for the quarter that ended in Sep. 2025 was NT$612.0 Mil. Therefore, Vate Technology's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2025 was 0.59.


Vate Technology Scaled Net Operating Assets Historical Data

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The historical data trend for Vate Technology'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.

Vate Technology Scaled Net Operating Assets Chart

Vate Technology 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 0.74 0.55 0.60 0.59 0.55

Vate Technology 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 0.57 0.58 0.62 0.61 0.59

ROCO:5344 vs NVDA, AVGO, MU: Scaled Net Operating Assets Comparison

For the Semiconductors subindustry, Vate Technology'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.


Vate Technology Scaled Net Operating Assets vs Semiconductors Industry

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

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


ROCO:5344
64GF Score
Vate Technology Corp Ltd ROCO:5344
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Vate Technology 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.

Vate Technology'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 )
=(460.194-96.927)/657.433
=0.55

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=635.446 - 175.252
=460.194

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=133.487 - 29.474 - 7.086
=96.927

Vate Technology'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 )
=(460.194-96.927)/611.968
=0.59

where

Operating Assets(Q: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=635.446 - 175.252
=460.194

Operating Liabilities(Q: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=133.487 - 29.474 - 7.086
=96.927

* 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 0.59 mean?
Vate Technology (ROCO:5344) has a Scaled Net Operating Assets of 0.59 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 Vate Technology and its competitors.
Is Vate Technology's Scaled Net Operating Assets too high?
Vate Technology's current Scaled Net Operating Assets is 0.59. Overall, Vate Technology has a GF Score™ of 64/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Vate Technology's Scaled Net Operating Assets compare to NVDA and AVGO?
Vate Technology's Scaled Net Operating Assets of 0.59 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 Vate Technology and its competitors. Vate Technology's current Scaled Net Operating Assets is 0.59. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Vate Technology stock overvalued right now?
Based on GuruFocus' analysis, Vate Technology (ROCO:5344) is currently considered Modestly Undervalued. The stock's GF Value™ is NT$20.22, compared to a current price of NT$16.20 — trading 19.9% below its estimated fair value. The current Scaled Net Operating Assets is 0.59. Vate Technology's overall GF Score™ is 64/100 with 6 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 Vate Technology (ROCO:5344), the current Scaled Net Operating Assets is 0.59 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 Vate Technology (ROCO:5344) Overvalued in 2026?

Based on GuruFocus' analysis, Vate Technology stock appears to be undervalued. The current stock price of NT$16.20 is trading 19.9% below its estimated GF Value™ of NT$20.22. GuruFocus considers Vate Technology to be Modestly Undervalued.

Key valuation signals for ROCO:5344:

  • Scaled Net Operating Assets: 0.59
  • GF Value™: NT$20.22 vs. price of NT$16.20 (19.9% below fair value)
  • GF Score™: 64/100 with 6 warning signs

No single metric tells the full story. See the ROCO:5344 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Vate Technology Business Description

Address No. 9, Lixing 5th Road, Science-Based Industrial Park, Hsinchu, TWN
Vate Technology Corp Ltd is engaged in providing integrated circuit chip testing services and the trading of lighting equipment and fixtures. The company's services include CP testing service, FT Testing Service, SLT Testing Service, CIS Testing Service, and Back End Service. It operates in single segment of testing and processing of electronic components and the sales of lighting fixtures, using testing equipment to provide IC and wafer testing services and LED lighting fixture sales and installation services. Geographically it operates in Taiwan.
64GF Score

Get the complete analysis for ROCO:5344

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

NT$16.20
Price
NT$20.22
GF Value