Jason Furniture (Hangzhou) Co (SHSE:603816) Scaled Net Operating Assets: 0.43 (As of Mar. 2026)

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SHSE:603816 Jason Furniture (Hangzhou) Co Ltd SHSE:603816
91 GF Score
Price ¥23.83
GF Value ¥32.67
Valuation Modestly Undervalued
! 2 Warning Signs
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What is Jason Furniture (Hangzhou) Co Scaled Net Operating Assets?

Jason Furniture (Hangzhou) Co SHSE:603816 -2.01% 91 Scaled Net Operating Assets is 0.43 as of Mar. 2026. GuruFocus rates SHSE:603816 with a GF Score™ of 91/100 and a GF Value™ of ¥32.67 (Modestly Undervalued). The stock has 2 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.

Jason Furniture (Hangzhou) Co's operating assets for the quarter that ended in Mar. 2026 was ¥14,704 Mil. Jason Furniture (Hangzhou) Co's operating liabilities for the quarter that ended in Mar. 2026 was ¥6,489 Mil. Jason Furniture (Hangzhou) Co's Total Assets for the quarter that ended in Dec. 2025 was ¥19,031 Mil. Therefore, Jason Furniture (Hangzhou) Co's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.43.


Jason Furniture (Hangzhou) Co Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Jason Furniture (Hangzhou) 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.

Jason Furniture (Hangzhou) Co Scaled Net Operating Assets Chart

Jason Furniture (Hangzhou) 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 0.47 0.41 0.51 0.50 0.45

Jason Furniture (Hangzhou) 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 0.53 0.43 0.44 0.44 0.43

SHSE:603816 vs SN, SGI, MHK: Scaled Net Operating Assets Comparison

For the Furnishings, Fixtures & Appliances subindustry, Jason Furniture (Hangzhou) 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.


Jason Furniture (Hangzhou) Co Scaled Net Operating Assets vs Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Jason Furniture (Hangzhou) Co's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where Jason Furniture (Hangzhou) Co's Scaled Net Operating Assets falls into.


SHSE:603816
91GF Score
Jason Furniture (Hangzhou) Co Ltd SHSE:603816
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Jason Furniture (Hangzhou) 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.

Jason Furniture (Hangzhou) 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 )
=(15101.38-7307.146)/17492.855
=0.45

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=19030.941 - 3929.561
=15101.38

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=8135.069 - 192.752 - 635.171
=7307.146

Jason Furniture (Hangzhou) 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 )
=(14704.276-6489.191)/19030.941
=0.43

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=18958.328 - 4254.052
=14704.276

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=7558.468 - 212.165 - 857.112
=6489.191

* 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 0.43 mean?
Jason Furniture (Hangzhou) Co (SHSE:603816) has a Scaled Net Operating Assets of 0.43 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 Jason Furniture (Hangzhou) Co and its competitors.
Is Jason Furniture (Hangzhou) Co's Scaled Net Operating Assets too high?
Jason Furniture (Hangzhou) Co's current Scaled Net Operating Assets is 0.43. Overall, Jason Furniture (Hangzhou) Co has a GF Score™ of 91/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Jason Furniture (Hangzhou) Co's Scaled Net Operating Assets compare to SN and SGI?
Jason Furniture (Hangzhou) Co's Scaled Net Operating Assets of 0.43 can be compared against companies in the Furnishings, Fixtures & Appliances 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 Furnishings, Fixtures & Appliances company?
A good Scaled Net Operating Assets depends on the Furnishings, Fixtures & Appliances 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 Jason Furniture (Hangzhou) Co and its competitors. Jason Furniture (Hangzhou) Co's current Scaled Net Operating Assets is 0.43. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Jason Furniture (Hangzhou) Co stock overvalued right now?
Based on GuruFocus' analysis, Jason Furniture (Hangzhou) Co (SHSE:603816) is currently considered Modestly Undervalued. The stock's GF Value™ is ¥32.67, compared to a current price of ¥23.83 — trading 27.1% below its estimated fair value. The current Scaled Net Operating Assets is 0.43. Jason Furniture (Hangzhou) Co's overall GF Score™ is 91/100 with 2 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 Jason Furniture (Hangzhou) Co (SHSE:603816), the current Scaled Net Operating Assets is 0.43 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 Jason Furniture (Hangzhou) Co (SHSE:603816) Overvalued in 2026?

Based on GuruFocus' analysis, Jason Furniture (Hangzhou) Co stock appears to be undervalued. The current stock price of ¥23.83 is trading 27.1% below its estimated GF Value™ of ¥32.67. GuruFocus considers Jason Furniture (Hangzhou) Co to be Modestly Undervalued.

Key valuation signals for SHSE:603816:

  • Scaled Net Operating Assets: 0.43
  • GF Value™: ¥32.67 vs. price of ¥23.83 (27.1% below fair value)
  • GF Score™: 91/100 with 2 warning signs

No single metric tells the full story. See the SHSE:603816 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Jason Furniture (Hangzhou) Co Business Description

Address No.599-1, Dongning Road, Gujia Building, Jianggan District, Hangzhou, CHN
Jason Furniture (Hangzhou) Co Ltd is a China-based company engaged in the Research and development, design, production and sales of mid- to high-end sofas, soft beds and other soft furniture products for living rooms and bedrooms.
91GF Score

Get the complete analysis for SHSE:603816

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

¥23.83
Price
¥32.67
GF Value