Heilongjiang Agriculture Co (SHSE:600598) Scaled Net Operating Assets: -0.12 (As of Mar. 2026)

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SHSE:600598 Heilongjiang Agriculture Co Ltd SHSE:600598
70 GF Score
Price ¥12.20
GF Value ¥14.97
Valuation Modestly Undervalued
! 6 Warning Signs
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What is Heilongjiang Agriculture Co Scaled Net Operating Assets?

Heilongjiang Agriculture Co SHSE:600598 +2.09% 70 Scaled Net Operating Assets is -0.12 as of Mar. 2026. GuruFocus rates SHSE:600598 with a GF Score™ of 70/100 and a GF Value™ of ¥14.97 (Modestly Undervalued). 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.

Heilongjiang Agriculture Co's operating assets for the quarter that ended in Mar. 2026 was ¥5,901 Mil. Heilongjiang Agriculture Co's operating liabilities for the quarter that ended in Mar. 2026 was ¥6,964 Mil. Heilongjiang Agriculture Co's Total Assets for the quarter that ended in Dec. 2025 was ¥8,958 Mil. Therefore, Heilongjiang Agriculture Co's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was -0.12.


Heilongjiang Agriculture Co Scaled Net Operating Assets Historical Data

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The historical data trend for Heilongjiang Agriculture 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.

Heilongjiang Agriculture Co Scaled Net Operating Assets Chart

Heilongjiang Agriculture 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 0.46 0.47 0.49 0.46 0.44

Heilongjiang Agriculture 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 -0.07 0.08 0.20 0.37 -0.12

SHSE:600598 vs ADM, BG, TSN: Scaled Net Operating Assets Comparison

For the Farm Products subindustry, Heilongjiang Agriculture 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.


Heilongjiang Agriculture Co Scaled Net Operating Assets vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Heilongjiang Agriculture Co's Scaled Net Operating Assets distribution charts can be found below:

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


SHSE:600598
70GF Score
Heilongjiang Agriculture Co Ltd SHSE:600598
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Heilongjiang Agriculture 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.

Heilongjiang Agriculture 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 )
=(5105.338-1148.113)/8975.123
=0.44

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=8958.219 - 3852.881
=5105.338

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1158.063 - 6.391 - 3.559
=1148.113

Heilongjiang Agriculture 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 )
=(5901.303-6964.061)/8958.219
=-0.12

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=15348.319 - 9447.016
=5901.303

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=6972.919 - 5.951 - 2.907
=6964.061

* 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 -0.12 mean?
Heilongjiang Agriculture Co (SHSE:600598) has a Scaled Net Operating Assets of -0.12 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 Heilongjiang Agriculture Co and its competitors.
Is Heilongjiang Agriculture Co's Scaled Net Operating Assets too high?
Heilongjiang Agriculture Co's current Scaled Net Operating Assets is -0.12. Overall, Heilongjiang Agriculture Co has a GF Score™ of 70/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Heilongjiang Agriculture Co's Scaled Net Operating Assets compare to ADM and BG?
Heilongjiang Agriculture Co's Scaled Net Operating Assets of -0.12 can be compared against companies in the Consumer Packaged Goods 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 Consumer Packaged Goods company?
A good Scaled Net Operating Assets depends on the Consumer Packaged Goods 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 Heilongjiang Agriculture Co and its competitors. Heilongjiang Agriculture Co's current Scaled Net Operating Assets is -0.12. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Heilongjiang Agriculture Co stock overvalued right now?
Based on GuruFocus' analysis, Heilongjiang Agriculture Co (SHSE:600598) is currently considered Modestly Undervalued. The stock's GF Value™ is ¥14.97, compared to a current price of ¥12.20 — trading 18.5% below its estimated fair value. The current Scaled Net Operating Assets is -0.12. Heilongjiang Agriculture Co's overall GF Score™ is 70/100 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 Heilongjiang Agriculture Co (SHSE:600598), the current Scaled Net Operating Assets is -0.12 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 Heilongjiang Agriculture Co (SHSE:600598) Overvalued in 2026?

Based on GuruFocus' analysis, Heilongjiang Agriculture Co stock appears to be undervalued. The current stock price of ¥12.20 is trading 18.5% below its estimated GF Value™ of ¥14.97. GuruFocus considers Heilongjiang Agriculture Co to be Modestly Undervalued.

Key valuation signals for SHSE:600598:

  • Scaled Net Operating Assets: -0.12
  • GF Value™: ¥14.97 vs. price of ¥12.20 (18.5% below fair value)
  • GF Score™: 70/100 with 6 warning signs

No single metric tells the full story. See the SHSE:600598 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Heilongjiang Agriculture Co Business Description

Address No. 263, Hanshui Road, Nangang District, Heilongjiang Province, Harbin, CHN, 150090
Heilongjiang Agriculture Co Ltd is an agricultural company. It is engaged in the contracting and operating of cultivated land; production and sale of food crops such as rice and corn; technology, information, and services related to crop production; retail of fertilizers (only branches can operate these businesses); and real estate development and sales.
70GF Score

Get the complete analysis for SHSE:600598

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

¥12.20
Price
¥14.97
GF Value