First Hi-Tec Co (ROCO:5439) Scaled Net Operating Assets: 0.46 (As of Dec. 2025)


ROCO:5439 First Hi-Tec Co Ltd ROCO:5439
83 GF Score
Price NT$325.50
GF Value NT$262.46
Valuation Modestly Overvalued
! 5 Warning Signs
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What is First Hi-Tec Co Scaled Net Operating Assets?

First Hi-Tec Co ROCO:5439 83 Scaled Net Operating Assets is 0.46 as of Dec. 2025. GuruFocus rates ROCO:5439 with a GF Score™ of 83/100 and a GF Value™ of NT$262.46 (Modestly Overvalued). 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.

First Hi-Tec Co's operating assets for the quarter that ended in Dec. 2025 was NT$8,735 Mil. First Hi-Tec Co's operating liabilities for the quarter that ended in Dec. 2025 was NT$3,529 Mil. First Hi-Tec Co's Total Assets for the quarter that ended in Sep. 2025 was NT$11,332 Mil. Therefore, First Hi-Tec Co's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2025 was 0.46.


First Hi-Tec Co Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for First Hi-Tec 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.

First Hi-Tec Co Scaled Net Operating Assets Chart

First Hi-Tec 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 0.89 0.60 0.64 0.69 1.03

First Hi-Tec 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 0.65 0.69 0.69 0.64 0.46

ROCO:5439 vs APH, GLW: Scaled Net Operating Assets Comparison

For the Electronic Components subindustry, First Hi-Tec 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.


First Hi-Tec Co Scaled Net Operating Assets vs Hardware Industry

For the Hardware industry and Technology sector, First Hi-Tec Co's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where First Hi-Tec Co's Scaled Net Operating Assets falls into.


ROCO:5439
83GF Score
First Hi-Tec Co Ltd ROCO:5439
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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First Hi-Tec 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.

First Hi-Tec 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 )
=(8734.612-3529.309)/5043.764
=1.03

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=10875.57 - 2140.958
=8734.612

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=6929.372 - 2610.962 - 789.101
=3529.309

First Hi-Tec 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 )
=(8734.612-3529.309)/11331.993
=0.46

where

Operating Assets(Q: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=10875.57 - 2140.958
=8734.612

Operating Liabilities(Q: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=6929.372 - 2610.962 - 789.101
=3529.309

* 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 0.46 mean?
First Hi-Tec Co (ROCO:5439) has a Scaled Net Operating Assets of 0.46 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 First Hi-Tec Co and its competitors.
Is First Hi-Tec Co's Scaled Net Operating Assets too high?
First Hi-Tec Co's current Scaled Net Operating Assets is 0.46. Overall, First Hi-Tec Co has a GF Score™ of 83/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does First Hi-Tec Co's Scaled Net Operating Assets compare to APH and GLW?
First Hi-Tec Co's Scaled Net Operating Assets of 0.46 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 First Hi-Tec Co and its competitors. First Hi-Tec Co's current Scaled Net Operating Assets is 0.46. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is First Hi-Tec Co stock overvalued right now?
Based on GuruFocus' analysis, First Hi-Tec Co (ROCO:5439) is currently considered Modestly Overvalued. The stock's GF Value™ is NT$262.46, compared to a current price of NT$325.50 — trading 24% above its estimated fair value. The current Scaled Net Operating Assets is 0.46. First Hi-Tec Co's overall GF Score™ is 83/100 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 First Hi-Tec Co (ROCO:5439), the current Scaled Net Operating Assets is 0.46 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 First Hi-Tec Co (ROCO:5439) Overvalued in 2026?

Based on GuruFocus' analysis, First Hi-Tec Co stock appears to be overvalued. The current stock price of NT$325.50 is trading 24% above its estimated GF Value™ of NT$262.46. GuruFocus considers First Hi-Tec Co to be Modestly Overvalued.

Key valuation signals for ROCO:5439:

  • Scaled Net Operating Assets: 0.46
  • GF Value™: NT$262.46 vs. price of NT$325.50 (24% above fair value)
  • GF Score™: 83/100 with 5 warning signs

No single metric tells the full story. See the ROCO:5439 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


First Hi-Tec Co Business Description

Address No.3, Lane 43, Xingbang Road, Taoyuan District, Taoyuan City, TWN, 330
First Hi-Tec Co Ltd main business is manufacture and sales of PCB and computer peripherals, etc. The Company is engaged in production and sales of electronic equipment and wholesale of components, etc. The group is only engaged in manufacturing and trading of PCB and computer peripherals, which belong to a single industry, the operating segments and reportable segments are single segment. The company has presence in Taiwan, Asia, and Others. The company generates majority of revenue from Taiwan. The company's products are Automotive, Semiconductor and others, Power Control Modules Robot, Telecom, Layer Counts, Application Type, Capability, and Roadmap.
83GF Score

Get the complete analysis for ROCO:5439

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

NT$325.50
Price
NT$262.46
GF Value