USP Group (SGX:BRS) Scaled Net Operating Assets: 0.83 (As of Dec. 2022)

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.

What is USP Group Scaled Net Operating Assets?

USP Group SGX:BRS Scaled Net Operating Assets is 0.83 as of Dec. 2022.

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

USP Group's operating assets for the quarter that ended in Dec. 2022 was S$70.97 Mil. USP Group's operating liabilities for the quarter that ended in Dec. 2022 was S$8.14 Mil. USP Group's Total Assets for the quarter that ended in Sep. 2022 was S$75.30 Mil. Therefore, USP Group's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2022 was 0.83.


USP Group Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for USP Group'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.

USP Group Scaled Net Operating Assets Chart

USP Group Annual Data
Trend Nov11 Nov12 Nov13 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21
Scaled Net Operating Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.80 0.92 0.69 0.73 0.78

USP Group Quarterly Data
Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Jun22 Sep22 Dec22
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 0.81 0.80 0.91 0.85 0.83

SGX:BRS vs HON, MMM: Scaled Net Operating Assets Comparison

For the Conglomerates subindustry, USP Group'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.


USP Group Scaled Net Operating Assets vs Conglomerates Industry

For the Conglomerates industry and Industrials sector, USP Group's Scaled Net Operating Assets distribution charts can be found below:

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



USP Group 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.

USP Group's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Mar. 2021 is calculated as

Scaled Net Operating Assets (SNOA)(A: Mar. 2021 )
=(Operating Assets (A: Mar. 2021 )-Operating Liabilities (A: Mar. 2021 ))/Total Assets (A: Mar. 2020 )
=(69.825-8.919)/78.431
=0.78

where

Operating Assets(A: Mar. 2021 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=71.945 - 2.12
=69.825

Operating Liabilities(A: Mar. 2021 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=49.848 - 23.772 - 17.157
=8.919

USP Group's Scaled Net Operating Assets (SNOA) for the quarter that ended in Dec. 2022 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Dec. 2022 )
=(Operating Assets (Q: Dec. 2022 )-Operating Liabilities (Q: Dec. 2022 ))/Total Assets (Q: Sep. 2022 )
=(70.974-8.137)/75.301
=0.83

where

Operating Assets(Q: Dec. 2022 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=75.086 - 4.112
=70.974

Operating Liabilities(Q: Dec. 2022 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=44.739 - 20.363 - 16.239
=8.137

* 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 0.83 mean?
USP Group (SGX:BRS) has a Scaled Net Operating Assets of 0.83 as of Dec. 2022. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on USP Group and its competitors.
Is USP Group's Scaled Net Operating Assets too high?
USP Group's current Scaled Net Operating Assets is 0.83.
How does USP Group's Scaled Net Operating Assets compare to HON and MMM?
USP Group's Scaled Net Operating Assets of 0.83 can be compared against companies in the Conglomerates 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 Conglomerates company?
A good Scaled Net Operating Assets depends on the Conglomerates 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 USP Group and its competitors. USP Group's current Scaled Net Operating Assets is 0.83. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is USP Group stock overvalued right now?
USP Group (SGX:BRS) has a current Scaled Net Operating Assets of 0.83. The current Scaled Net Operating Assets is 0.83. 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 USP Group (SGX:BRS), the current Scaled Net Operating Assets is 0.83 as of Dec. 2022. 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.

USP Group Business Description

Address 7 Temasek Boulevard, No. 29-02A, Singapore, SGP, 038987
USP Group Ltd is an investment holding company. The company operates through the segments of Property investments; Marine distributors and dealerships; Calibration of environmental equipment and others. It generates maximum revenue from the Marine distributors and dealerships segment. The Marine distributors and dealerships segment is a trader of marine equipment and related products. Geographically, it derives a majority of revenue from Malaysia.