Flynas Co (SAU:4264) Scaled Net Operating Assets: 0.39 (As of Mar. 2026)

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.

SAU:4264 Flynas Co SAU:4264
11 GF Score
Price ﷼50.50
! 3 Warning Signs
View Full Analysis

What is Flynas Co Scaled Net Operating Assets?

Flynas Co SAU:4264 -2.70% 11 Scaled Net Operating Assets is 0.39 as of Mar. 2026. GuruFocus rates SAU:4264 with a GF Score™ of 11/100. The stock has 3 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.

Flynas Co's operating assets for the quarter that ended in Mar. 2026 was ﷼12,991 Mil. Flynas Co's operating liabilities for the quarter that ended in Mar. 2026 was ﷼6,258 Mil. Flynas Co's Total Assets for the quarter that ended in Dec. 2025 was ﷼17,223 Mil. Therefore, Flynas Co's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.39.


Flynas Co Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Flynas 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.

Flynas Co Scaled Net Operating Assets Chart

Flynas Co Annual Data
Trend Dec24 Dec25
Scaled Net Operating Assets
0.45 0.50

Flynas Co Quarterly Data
Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Scaled Net Operating Assets Get a 7-Day Free Trial 0.00 0.00 0.36 0.40 0.39

SAU:4264 vs DAL, UAL, LUV: Scaled Net Operating Assets Comparison

For the Airlines subindustry, Flynas 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.


Flynas Co Scaled Net Operating Assets vs Transportation Industry

For the Transportation industry and Industrials sector, Flynas Co's Scaled Net Operating Assets distribution charts can be found below:

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


SAU:4264
11GF Score
Flynas Co SAU:4264
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Flynas 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.

Flynas 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 )
=(13023.894-6198.941)/13529.734
=0.50

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=17223.125 - 4199.231
=13023.894

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=13673.359 - 6004.958 - 1469.46
=6198.941

Flynas Co's Scaled Net Operating Assets (SNOA) for the quarter that ended in Mar. 2026 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Mar. 2026 )
=(Operating Assets (Q: Mar. 2026 )-Operating Liabilities (Q: Mar. 2026 ))/Total Assets (Q: Dec. 2025 )
=(12990.893-6258.357)/17223.125
=0.39

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=17099.874 - 4108.981
=12990.893

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=13418.462 - 5788.528 - 1371.577
=6258.357

* 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 0.39 mean?
Flynas Co (SAU:4264) has a Scaled Net Operating Assets of 0.39 as of Mar. 2026. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Flynas Co and its competitors.
Is Flynas Co's Scaled Net Operating Assets too high?
Flynas Co's current Scaled Net Operating Assets is 0.39. Overall, Flynas Co has a GF Score™ of 11/100, reflecting its overall financial health beyond just this single metric.
How does Flynas Co's Scaled Net Operating Assets compare to DAL and UAL?
Flynas Co's Scaled Net Operating Assets of 0.39 can be compared against companies in the Transportation 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 Transportation company?
A good Scaled Net Operating Assets depends on the Transportation 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 Flynas Co and its competitors. Flynas Co's current Scaled Net Operating Assets is 0.39. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Flynas Co stock overvalued right now?
Flynas Co (SAU:4264) has a current Scaled Net Operating Assets of 0.39. The current Scaled Net Operating Assets is 0.39. Flynas Co's overall GF Score™ is 11/100 with 3 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 Flynas Co (SAU:4264), the current Scaled Net Operating Assets is 0.39 as of Mar. 2026. 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.

Flynas Co Business Description

Address 8018 Abi Baker As Sidiq Road, Ar Rabie, Riyadh, SAU, 4040
Flynas Co licensed activities include the purchase, sale, and rental of aircraft, air transportation of passengers and goods, and the operation, management, and maintenance of aircraft. The Company operates under an air operating certificate issued by the General Authority of Civil Aviation (GACA), KSA. Its segments include Flynas LCC, which generates maximum revenue and covers low-cost scheduled flights; Flynas Hajj, which serves seasonal Hajj pilgrims; and Flynas General Aviation, which provides aircraft management services, including crew, maintenance, ancillary services, and charter flights for private customers. Flynas LCC generates maximum revenue from international operations.
11GF Score

Get the complete analysis for SAU:4264

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

﷼50.50
Price