Leo Systems (ROCO:5410) Scaled Net Operating Assets: 0.36 (As of Dec. 2025)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

ROCO:5410 Leo Systems Inc ROCO:5410
63 GF Score
Price NT$40.05
GF Value NT$27.24
Valuation Significantly Overvalued
! 7 Warning Signs
View Full Analysis

What is Leo Systems Scaled Net Operating Assets?

Leo Systems ROCO:5410 -10.00% 63 Scaled Net Operating Assets is 0.36 as of Dec. 2025. GuruFocus rates ROCO:5410 with a GF Score™ of 63/100 and a GF Value™ of NT$27.24 (Significantly Overvalued). The stock has 7 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.

Leo Systems's operating assets for the quarter that ended in Dec. 2025 was NT$2,774 Mil. Leo Systems's operating liabilities for the quarter that ended in Dec. 2025 was NT$1,421 Mil. Leo Systems's Total Assets for the quarter that ended in Sep. 2025 was NT$3,759 Mil. Therefore, Leo Systems's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2025 was 0.36.


Leo Systems Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Leo Systems'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.

Leo Systems Scaled Net Operating Assets Chart

Leo Systems 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 0.67 1.50 0.35 0.74 0.36

Leo Systems 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 0.75 0.53 0.43 0.30 0.36

ROCO:5410 vs SNDK, DELL, STX: Scaled Net Operating Assets Comparison

For the Computer Hardware subindustry, Leo Systems'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.


Leo Systems Scaled Net Operating Assets vs Hardware Industry

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

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


ROCO:5410
63GF Score
Leo Systems Inc ROCO:5410
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Leo Systems 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.

Leo Systems'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 )
=(2774.066-1420.896)/3776.397
=0.36

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=4014.003 - 1239.937
=2774.066

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=2456.809 - 6.812 - 1029.101
=1420.896

Leo Systems'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 )
=(2774.066-1420.896)/3759.251
=0.36

where

Operating Assets(Q: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=4014.003 - 1239.937
=2774.066

Operating Liabilities(Q: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=2456.809 - 6.812 - 1029.101
=1420.896

* 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 0.36 mean?
Leo Systems (ROCO:5410) has a Scaled Net Operating Assets of 0.36 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 Leo Systems and its competitors.
Is Leo Systems' Scaled Net Operating Assets too high?
Leo Systems' current Scaled Net Operating Assets is 0.36. Overall, Leo Systems has a GF Score™ of 63/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Leo Systems' Scaled Net Operating Assets compare to SNDK and DELL?
Leo Systems' Scaled Net Operating Assets of 0.36 can be compared against companies in the Hardware 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 Hardware company?
A good Scaled Net Operating Assets depends on the Hardware 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 Leo Systems and its competitors. Leo Systems's current Scaled Net Operating Assets is 0.36. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Leo Systems stock overvalued right now?
Based on GuruFocus' analysis, Leo Systems (ROCO:5410) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$27.24, compared to a current price of NT$40.05 — trading 47% above its estimated fair value. The current Scaled Net Operating Assets is 0.36. Leo Systems' overall GF Score™ is 63/100 with 7 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 Leo Systems (ROCO:5410), the current Scaled Net Operating Assets is 0.36 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 Leo Systems (ROCO:5410) Overvalued in 2026?

Based on GuruFocus' analysis, Leo Systems stock appears to be overvalued. The current stock price of NT$40.05 is trading 47% above its estimated GF Value™ of NT$27.24. GuruFocus considers Leo Systems to be Significantly Overvalued.

Key valuation signals for ROCO:5410:

  • Scaled Net Operating Assets: 0.36
  • GF Value™: NT$27.24 vs. price of NT$40.05 (47% above fair value)
  • GF Score™: 63/100 with 7 warning signs

No single metric tells the full story. See the ROCO:5410 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Leo Systems Business Description

Address 298 Yang Guang Street, 3rd Floor, Neihu District, Taipei, TWN, 11491
Leo Systems Inc is mainly engaged in the sales of information software and hardware products, software planning and design, computer hardware maintenance services, and system integration. The company's ,main business and products includes Sales of personal computer, Innovation of technology application and creation of operation service, Information integration service, Design and planning of construction, Investment business. The company has single reportable segment. The company's operation were mainly located in Taiwan.
63GF Score

Get the complete analysis for ROCO:5410

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

NT$40.05
Price
NT$27.24
GF Value