Good Finance Securities Co (ROCO:6021) Scaled Net Operating Assets: 0.17 (As of Dec. 2025)

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ROCO:6021 Good Finance Securities Co Ltd ROCO:6021
64 GF Score
Price NT$36.85
GF Value NT$24.60
Valuation Significantly Overvalued
! 9 Warning Signs
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What is Good Finance Securities Co Scaled Net Operating Assets?

Good Finance Securities Co ROCO:6021 +1.38% 64 Scaled Net Operating Assets is 0.17 as of Dec. 2025. GuruFocus rates ROCO:6021 with a GF Score™ of 64/100 and a GF Value™ of NT$24.60 (Significantly Overvalued). The stock has 9 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.

Good Finance Securities Co's operating assets for the quarter that ended in Dec. 2025 was NT$13,507 Mil. Good Finance Securities Co's operating liabilities for the quarter that ended in Dec. 2025 was NT$8,312 Mil. Good Finance Securities Co's Total Assets for the quarter that ended in Sep. 2025 was NT$30,791 Mil. Therefore, Good Finance Securities Co's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2025 was 0.17.


Good Finance Securities Co Scaled Net Operating Assets Historical Data

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The historical data trend for Good Finance Securities 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.

Good Finance Securities Co Scaled Net Operating Assets Chart

Good Finance Securities 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 0.22 0.12 0.26 0.29 0.22

Good Finance Securities 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 0.19 0.14 0.20 0.18 0.17

ROCO:6021 vs MS, GS, SCHW: Scaled Net Operating Assets Comparison

For the Capital Markets subindustry, Good Finance Securities 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.


Good Finance Securities Co Scaled Net Operating Assets vs Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Good Finance Securities Co's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where Good Finance Securities Co's Scaled Net Operating Assets falls into.


ROCO:6021
64GF Score
Good Finance Securities Co Ltd ROCO:6021
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Good Finance Securities 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.

Good Finance Securities 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 )
=(13506.517-8311.64)/23493.294
=0.22

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=32571.559 - 19065.042
=13506.517

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=22805.236 - 2863.745 - 11629.851
=8311.64

Good Finance Securities 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 )
=(13506.517-8311.64)/30790.71
=0.17

where

Operating Assets(Q: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=32571.559 - 19065.042
=13506.517

Operating Liabilities(Q: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=22805.236 - 2863.745 - 11629.851
=8311.64

* 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 0.17 mean?
Good Finance Securities Co (ROCO:6021) has a Scaled Net Operating Assets of 0.17 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 Good Finance Securities Co and its competitors.
Is Good Finance Securities Co's Scaled Net Operating Assets too high?
Good Finance Securities Co's current Scaled Net Operating Assets is 0.17. Overall, Good Finance Securities Co has a GF Score™ of 64/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Good Finance Securities Co's Scaled Net Operating Assets compare to MS and GS?
Good Finance Securities Co's Scaled Net Operating Assets of 0.17 can be compared against companies in the Capital Markets 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 Capital Markets company?
A good Scaled Net Operating Assets depends on the Capital Markets 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 Good Finance Securities Co and its competitors. Good Finance Securities Co's current Scaled Net Operating Assets is 0.17. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Good Finance Securities Co stock overvalued right now?
Based on GuruFocus' analysis, Good Finance Securities Co (ROCO:6021) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$24.60, compared to a current price of NT$36.85 — trading 49.8% above its estimated fair value. The current Scaled Net Operating Assets is 0.17. Good Finance Securities Co's overall GF Score™ is 64/100 with 9 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 Good Finance Securities Co (ROCO:6021), the current Scaled Net Operating Assets is 0.17 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 Good Finance Securities Co (ROCO:6021) Overvalued in 2026?

Based on GuruFocus' analysis, Good Finance Securities Co stock appears to be overvalued. The current stock price of NT$36.85 is trading 49.8% above its estimated GF Value™ of NT$24.60. GuruFocus considers Good Finance Securities Co to be Significantly Overvalued.

Key valuation signals for ROCO:6021:

  • Scaled Net Operating Assets: 0.17
  • GF Value™: NT$24.60 vs. price of NT$36.85 (49.8% above fair value)
  • GF Score™: 64/100 with 9 warning signs

No single metric tells the full story. See the ROCO:6021 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Good Finance Securities Co Business Description

Address Minsheng East Road, Section 2, 4th Floor, No. 174 and No. 176, Taipei, TWN
Good Finance Securities Co Ltd is a security company. The company operates its businesses through security brokerage, proprietary business, and underwriting, and hedging business. The company provides its services to individuals and corporate clients. The reportable segments of the Group are Client partner segment, Investment segment, Investment bank segment, Futures segment and others. Majority of revenue is generated from Investment segment. Investment segment is responsible for securities dealing, bonds dealing, trading of financial instruments relating to interest rate and bills and bonds under repurchase or resale agreements followed by Client partner segment, Futures segment, and Investment bank segment.
64GF Score

Get the complete analysis for ROCO:6021

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

NT$36.85
Price
NT$24.60
GF Value