Yieh United Steel (ROCO:9957) Scaled Net Operating Assets: 0.91 (As of Dec. 2025)

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ROCO:9957 Yieh United Steel Corp ROCO:9957
51 GF Score
Price NT$5.92
GF Value NT$5.35
Valuation Modestly Overvalued
! 6 Warning Signs
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What is Yieh United Steel Scaled Net Operating Assets?

Yieh United Steel ROCO:9957 +1.02% 51 Scaled Net Operating Assets is 0.91 as of Dec. 2025. GuruFocus rates ROCO:9957 with a GF Score™ of 51/100 and a GF Value™ of NT$5.35 (Modestly Overvalued). 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.

Yieh United Steel's operating assets for the quarter that ended in Dec. 2025 was NT$58,020 Mil. Yieh United Steel's operating liabilities for the quarter that ended in Dec. 2025 was NT$5,344 Mil. Yieh United Steel's Total Assets for the quarter that ended in Jun. 2025 was NT$58,150 Mil. Therefore, Yieh United Steel's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2025 was 0.91.


Yieh United Steel Scaled Net Operating Assets Historical Data

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The historical data trend for Yieh United Steel'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.

Yieh United Steel Scaled Net Operating Assets Chart

Yieh United Steel 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 0.95 0.84 0.91 0.90 0.84

Yieh United Steel Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 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 0.99 0.91 0.86 0.82 0.91

ROCO:9957 vs NUE, STLD, RS: Scaled Net Operating Assets Comparison

For the Steel subindustry, Yieh United Steel'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.


Yieh United Steel Scaled Net Operating Assets vs Steel Industry

For the Steel industry and Basic Materials sector, Yieh United Steel's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where Yieh United Steel's Scaled Net Operating Assets falls into.


ROCO:9957
51GF Score
Yieh United Steel Corp ROCO:9957
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Yieh United Steel 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.

Yieh United Steel'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 )
=(58020.335-5344.14)/62998.52
=0.84

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=59611.44 - 1591.105
=58020.335

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=43768.109 - 18761.863 - 19662.106
=5344.14

Yieh United Steel'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: Jun. 2025 )
=(58020.335-5344.14)/58150.268
=0.91

where

Operating Assets(Q: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=59611.44 - 1591.105
=58020.335

Operating Liabilities(Q: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=43768.109 - 18761.863 - 19662.106
=5344.14

* 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 0.91 mean?
Yieh United Steel (ROCO:9957) has a Scaled Net Operating Assets of 0.91 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 Yieh United Steel and its competitors.
Is Yieh United Steel's Scaled Net Operating Assets too high?
Yieh United Steel's current Scaled Net Operating Assets is 0.91. Overall, Yieh United Steel has a GF Score™ of 51/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Yieh United Steel's Scaled Net Operating Assets compare to NUE and STLD?
Yieh United Steel's Scaled Net Operating Assets of 0.91 can be compared against companies in the Steel 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 Steel company?
A good Scaled Net Operating Assets depends on the Steel 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 Yieh United Steel and its competitors. Yieh United Steel's current Scaled Net Operating Assets is 0.91. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Yieh United Steel stock overvalued right now?
Based on GuruFocus' analysis, Yieh United Steel (ROCO:9957) is currently considered Modestly Overvalued. The stock's GF Value™ is NT$5.35, compared to a current price of NT$5.92 — trading 10.7% above its estimated fair value. The current Scaled Net Operating Assets is 0.91. Yieh United Steel's overall GF Score™ is 51/100 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 Yieh United Steel (ROCO:9957), the current Scaled Net Operating Assets is 0.91 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 Yieh United Steel (ROCO:9957) Overvalued in 2026?

Based on GuruFocus' analysis, Yieh United Steel stock appears to be overvalued. The current stock price of NT$5.92 is trading 10.7% above its estimated GF Value™ of NT$5.35. GuruFocus considers Yieh United Steel to be Modestly Overvalued.

Key valuation signals for ROCO:9957:

  • Scaled Net Operating Assets: 0.91
  • GF Value™: NT$5.35 vs. price of NT$5.92 (10.7% above fair value)
  • GF Score™: 51/100 with 6 warning signs

No single metric tells the full story. See the ROCO:9957 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Yieh United Steel Business Description

Address No.600, Xinglong St., Jiaxing Vil, Gangshan District, Kaohsiung, TWN, 82057
Yieh United Steel Corp operates as a steel manufacturer. The products of the company include stainless steel small steel embryo, cold rolled steel coil, stainless steel hot-rolled steel sheet, stainless steel hot rolled black steel coil, carbon steel small steel embryo, and carbon steel hot rolled crude steel coil.
51GF Score

Get the complete analysis for ROCO:9957

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

NT$5.92
Price
NT$5.35
GF Value