Linhai Co (SHSE:600099) Scaled Net Operating Assets: 0.38 (As of Mar. 2026)


SHSE:600099 Linhai Co Ltd SHSE:600099
77 GF Score
Price ¥8.46
GF Value ¥12.46
Valuation Significantly Undervalued
! 3 Warning Signs
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What is Linhai Co Scaled Net Operating Assets?

Linhai Co SHSE:600099 +1.81% 77 Scaled Net Operating Assets is 0.38 as of Mar. 2026. GuruFocus rates SHSE:600099 with a GF Score™ of 77/100 and a GF Value™ of ¥12.46 (Significantly Undervalued). 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.

Linhai Co's operating assets for the quarter that ended in Mar. 2026 was ¥1,138 Mil. Linhai Co's operating liabilities for the quarter that ended in Mar. 2026 was ¥702 Mil. Linhai Co's Total Assets for the quarter that ended in Dec. 2025 was ¥1,154 Mil. Therefore, Linhai Co's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.38.


Linhai Co Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Linhai 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.

Linhai Co Scaled Net Operating Assets Chart

Linhai 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 0.53 0.60 0.39 0.42 0.34

Linhai Co Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 0.35 0.39 0.30 0.31 0.38

SHSE:600099 vs ORLY, AZO: Scaled Net Operating Assets Comparison

For the Auto Parts subindustry, Linhai 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.


Linhai Co Scaled Net Operating Assets vs Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Linhai Co's Scaled Net Operating Assets distribution charts can be found below:

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


SHSE:600099
77GF Score
Linhai Co Ltd SHSE:600099
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Linhai 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.

Linhai 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 )
=(948.474-598.667)/1031.205
=0.34

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=1154.404 - 205.93
=948.474

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=608.037 - 0 - 9.37
=598.667

Linhai 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 )
=(1137.778-701.948)/1154.404
=0.38

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=1264.046 - 126.268
=1137.778

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=713.061 - 0 - 11.113
=701.948

* 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 0.38 mean?
Linhai Co (SHSE:600099) has a Scaled Net Operating Assets of 0.38 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 Linhai Co and its competitors.
Is Linhai Co's Scaled Net Operating Assets too high?
Linhai Co's current Scaled Net Operating Assets is 0.38. Overall, Linhai Co has a GF Score™ of 77/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Linhai Co's Scaled Net Operating Assets compare to ORLY and AZO?
Linhai Co's Scaled Net Operating Assets of 0.38 can be compared against companies in the Vehicles & Parts 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 Vehicles & Parts company?
A good Scaled Net Operating Assets depends on the Vehicles & Parts 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 Linhai Co and its competitors. Linhai Co's current Scaled Net Operating Assets is 0.38. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Linhai Co stock overvalued right now?
Based on GuruFocus' analysis, Linhai Co (SHSE:600099) is currently considered Significantly Undervalued. The stock's GF Value™ is ¥12.46, compared to a current price of ¥8.46 — trading 32.1% below its estimated fair value. The current Scaled Net Operating Assets is 0.38. Linhai Co's overall GF Score™ is 77/100 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 Linhai Co (SHSE:600099), the current Scaled Net Operating Assets is 0.38 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.

Is Linhai Co (SHSE:600099) Overvalued in 2026?

Based on GuruFocus' analysis, Linhai Co stock appears to be undervalued. The current stock price of ¥8.46 is trading 32.1% below its estimated GF Value™ of ¥12.46. GuruFocus considers Linhai Co to be Significantly Undervalued.

Key valuation signals for SHSE:600099:

  • Scaled Net Operating Assets: 0.38
  • GF Value™: ¥12.46 vs. price of ¥8.46 (32.1% below fair value)
  • GF Score™: 77/100 with 3 warning signs

No single metric tells the full story. See the SHSE:600099 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Linhai Co Business Description

Address No.199, Yingchun West Road, Jiangsu Province, Taizhou, CHN, 225300
Linhai Co Ltd is engaged in developing and manufacturing small engines and power machinery. The main products fall into six categories as motorcycle-engines, small gasoline engines, motorcycles, mopeds, forestry machinery, fire-fighting machinery and sprinklers for the sports ground.
77GF Score

Get the complete analysis for SHSE:600099

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

¥8.46
Price
¥12.46
GF Value