AnAn International (SGX:Y35) Scaled Net Operating Assets: 0.39 (As of Dec. 2025)

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 AnAn International Scaled Net Operating Assets?

AnAn International SGX:Y35 Scaled Net Operating Assets is 0.39 as of Dec. 2025. The stock has 4 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.

AnAn International's operating assets for the quarter that ended in Dec. 2025 was S$631 Mil. AnAn International's operating liabilities for the quarter that ended in Dec. 2025 was S$386 Mil. AnAn International's Total Assets for the quarter that ended in Jun. 2025 was S$635 Mil. Therefore, AnAn International's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2025 was 0.39.

AnAn International Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for AnAn International'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.

AnAn International Scaled Net Operating Assets Chart

AnAn International 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 0.59 0.50 0.51 0.39 0.40

AnAn International Quarterly Data
Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 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 0.00 0.44 0.43 0.37 0.39

SGX:Y35 vs MPC, VLO, PSX: Scaled Net Operating Assets Comparison

For the Oil & Gas Refining & Marketing subindustry, AnAn International'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.

AnAn International Scaled Net Operating Assets vs Oil & Gas Industry

For the Oil & Gas industry and Energy sector, AnAn International's Scaled Net Operating Assets distribution charts can be found below:

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


AnAn International 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.

AnAn International'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 )
=(631.214-386)/607.051
=0.40

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=730.159 - 98.945
=631.214

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=509.877 - 19.739 - 104.138
=386

AnAn International'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 )
=(631.214-386)/634.868
=0.39

where

Operating Assets(Q: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=730.159 - 98.945
=631.214

Operating Liabilities(Q: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=509.877 - 19.739 - 104.138
=386

* 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?
AnAn International (SGX:Y35) has a Scaled Net Operating Assets of 0.39 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 AnAn International and its competitors.
Is AnAn International's Scaled Net Operating Assets too high?
AnAn International's current Scaled Net Operating Assets is 0.39.
How does AnAn International's Scaled Net Operating Assets compare to MPC and VLO?
AnAn International's Scaled Net Operating Assets of 0.39 can be compared against companies in the Oil & Gas 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 an Oil & Gas company?
A good Scaled Net Operating Assets depends on the Oil & Gas 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 AnAn International and its competitors. AnAn International'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 AnAn International stock overvalued right now?
Based on GuruFocus' analysis, AnAn International (SGX:Y35) is currently considered Significantly Overvalued. The stock's GF Value™ is S$0.01, compared to a current price of S$0.02 — trading 90% above its estimated fair value. The current Scaled Net Operating Assets is 0.39. 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 AnAn International (SGX:Y35), the current Scaled Net Operating Assets is 0.39 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.

AnAn International Business Description

Industry EnergyOil & Gas
Address 10 Anson Road, No. 17-12 International Plaza, Singapore, SGP, 079903
AnAn International Ltd engages in the trading of petrochemicals, fuel oil, and petroleum products. It operates a trading system based in Singapore, which uses market mechanisms in international shipping, financial services, and market trading. Operations involve midstream and downstream resources in the oil and petrochemical industries to undertake commodity trading. The company has three reportable segments, namely Distribution, Wholesale, and Corporate. Geographically, it operates in Europe, Singapore, Hong Kong, and the People's Republic of China, where it trades petrochemicals and petroleum. It generates maximum revenue from Europe.