Shanghai Milkground Food Tech Co (SHSE:600882) Scaled Net Operating Assets: 0.62 (As of Mar. 2026)


SHSE:600882 Shanghai Milkground Food Tech Co Ltd SHSE:600882
73 GF Score
Price ¥20.07
GF Value ¥24.55
Valuation Modestly Undervalued
! 7 Warning Signs
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What is Shanghai Milkground Food Tech Co Scaled Net Operating Assets?

Shanghai Milkground Food Tech Co SHSE:600882 +3.40% 73 Scaled Net Operating Assets is 0.62 as of Mar. 2026. GuruFocus rates SHSE:600882 with a GF Score™ of 73/100 and a GF Value™ of ¥24.55 (Modestly Undervalued). The stock has 7 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.

Shanghai Milkground Food Tech Co's operating assets for the quarter that ended in Mar. 2026 was ¥6,515 Mil. Shanghai Milkground Food Tech Co's operating liabilities for the quarter that ended in Mar. 2026 was ¥1,273 Mil. Shanghai Milkground Food Tech Co's Total Assets for the quarter that ended in Dec. 2025 was ¥8,458 Mil. Therefore, Shanghai Milkground Food Tech Co's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.62.


Shanghai Milkground Food Tech Co Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Shanghai Milkground Food Tech 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.

Shanghai Milkground Food Tech Co Scaled Net Operating Assets Chart

Shanghai Milkground Food Tech 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 0.78 0.51 0.52 0.57 0.67

Shanghai Milkground Food Tech 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 0.60 0.63 0.60 0.61 0.62

SHSE:600882 vs KHC, GIS: Scaled Net Operating Assets Comparison

For the Packaged Foods subindustry, Shanghai Milkground Food Tech 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.


Shanghai Milkground Food Tech Co Scaled Net Operating Assets vs Consumer Packaged Goods Industry

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

* The bar in red indicates where Shanghai Milkground Food Tech Co's Scaled Net Operating Assets falls into.


SHSE:600882
73GF Score
Shanghai Milkground Food Tech Co Ltd SHSE:600882
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Shanghai Milkground Food Tech 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.

Shanghai Milkground Food Tech 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 )
=(6372.158-1194.375)/7720.9
=0.67

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=8458.304 - 2086.146
=6372.158

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=3896.56 - 731.321 - 1970.864
=1194.375

Shanghai Milkground Food Tech 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 )
=(6514.724-1273.162)/8458.304
=0.62

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=8700.265 - 2185.541
=6514.724

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=4051.87 - 710.923 - 2067.785
=1273.162

* 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 0.62 mean?
Shanghai Milkground Food Tech Co (SHSE:600882) has a Scaled Net Operating Assets of 0.62 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 Shanghai Milkground Food Tech Co and its competitors.
Is Shanghai Milkground Food Tech Co's Scaled Net Operating Assets too high?
Shanghai Milkground Food Tech Co's current Scaled Net Operating Assets is 0.62. Overall, Shanghai Milkground Food Tech Co has a GF Score™ of 73/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Shanghai Milkground Food Tech Co's Scaled Net Operating Assets compare to KHC and GIS?
Shanghai Milkground Food Tech Co's Scaled Net Operating Assets of 0.62 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 Shanghai Milkground Food Tech Co and its competitors. Shanghai Milkground Food Tech Co's current Scaled Net Operating Assets is 0.62. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shanghai Milkground Food Tech Co stock overvalued right now?
Based on GuruFocus' analysis, Shanghai Milkground Food Tech Co (SHSE:600882) is currently considered Modestly Undervalued. The stock's GF Value™ is ¥24.55, compared to a current price of ¥20.07 — trading 18.2% below its estimated fair value. The current Scaled Net Operating Assets is 0.62. Shanghai Milkground Food Tech Co's overall GF Score™ is 73/100 with 7 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 Shanghai Milkground Food Tech Co (SHSE:600882), the current Scaled Net Operating Assets is 0.62 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 Shanghai Milkground Food Tech Co (SHSE:600882) Overvalued in 2026?

Based on GuruFocus' analysis, Shanghai Milkground Food Tech Co stock appears to be undervalued. The current stock price of ¥20.07 is trading 18.2% below its estimated GF Value™ of ¥24.55. GuruFocus considers Shanghai Milkground Food Tech Co to be Modestly Undervalued.

Key valuation signals for SHSE:600882:

  • Scaled Net Operating Assets: 0.62
  • GF Value™: ¥24.55 vs. price of ¥20.07 (18.2% below fair value)
  • GF Score™: 73/100 with 7 warning signs

No single metric tells the full story. See the SHSE:600882 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Shanghai Milkground Food Tech Co Business Description

Address No. 1398 Jinqiao Road, 9th Floor, Jintai Building, Pudong New District, Shanghai, CHN, 200136
Shanghai Milkground Food Tech Co Ltd is engaged in research and development, production, and sales of dairy products with a focus on cheese and liquid milk. Some of its products include Cheese sticks 100g; Cheese sticks 500g; Butter Fresh; Refined mozzarella cheese 125g; Refined mozzarella cheese 450g; Mozzarella cheese and others.
73GF Score

Get the complete analysis for SHSE:600882

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

¥20.07
Price
¥24.55
GF Value