Nantong Acetic Acid Chemical Co (SHSE:603968) Scaled Net Operating Assets: 0.44 (As of Mar. 2026)

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SHSE:603968 Nantong Acetic Acid Chemical Co Ltd SHSE:603968
61 GF Score
Price ¥10.24
GF Value ¥10.31
Valuation Fairly Valued
! 5 Warning Signs
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What is Nantong Acetic Acid Chemical Co Scaled Net Operating Assets?

Nantong Acetic Acid Chemical Co SHSE:603968 +0.20% 61 Scaled Net Operating Assets is 0.44 as of Mar. 2026. GuruFocus rates SHSE:603968 with a GF Score™ of 61/100 and a GF Value™ of ¥10.31 (Fairly Valued). The stock has 5 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.

Nantong Acetic Acid Chemical Co's operating assets for the quarter that ended in Mar. 2026 was ¥2,370 Mil. Nantong Acetic Acid Chemical Co's operating liabilities for the quarter that ended in Mar. 2026 was ¥914 Mil. Nantong Acetic Acid Chemical Co's Total Assets for the quarter that ended in Dec. 2025 was ¥3,290 Mil. Therefore, Nantong Acetic Acid Chemical Co's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.44.


Nantong Acetic Acid Chemical Co Scaled Net Operating Assets Historical Data

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The historical data trend for Nantong Acetic Acid Chemical 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.

Nantong Acetic Acid Chemical Co Scaled Net Operating Assets Chart

Nantong Acetic Acid Chemical 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 0.46 0.44 0.35 0.38

Nantong Acetic Acid Chemical 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 0.41 0.38 0.41 0.37 0.44

SHSE:603968 vs LIN, SHW, ECL: Scaled Net Operating Assets Comparison

For the Specialty Chemicals subindustry, Nantong Acetic Acid Chemical 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.


Nantong Acetic Acid Chemical Co Scaled Net Operating Assets vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, Nantong Acetic Acid Chemical Co's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where Nantong Acetic Acid Chemical Co's Scaled Net Operating Assets falls into.


SHSE:603968
61GF Score
Nantong Acetic Acid Chemical Co Ltd SHSE:603968
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Nantong Acetic Acid Chemical 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.

Nantong Acetic Acid Chemical 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 )
=(2222.579-960.029)/3356.331
=0.38

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=3289.82 - 1067.241
=2222.579

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1426.576 - 39.827 - 426.72
=960.029

Nantong Acetic Acid Chemical 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 )
=(2370.015-913.841)/3289.82
=0.44

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=3332.012 - 961.997
=2370.015

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1484.389 - 39.828 - 530.72
=913.841

* 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 0.44 mean?
Nantong Acetic Acid Chemical Co (SHSE:603968) has a Scaled Net Operating Assets of 0.44 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 Nantong Acetic Acid Chemical Co and its competitors.
Is Nantong Acetic Acid Chemical Co's Scaled Net Operating Assets too high?
Nantong Acetic Acid Chemical Co's current Scaled Net Operating Assets is 0.44. Overall, Nantong Acetic Acid Chemical Co has a GF Score™ of 61/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Nantong Acetic Acid Chemical Co's Scaled Net Operating Assets compare to LIN and SHW?
Nantong Acetic Acid Chemical Co's Scaled Net Operating Assets of 0.44 can be compared against companies in the Chemicals 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 Chemicals company?
A good Scaled Net Operating Assets depends on the Chemicals 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 Nantong Acetic Acid Chemical Co and its competitors. Nantong Acetic Acid Chemical Co's current Scaled Net Operating Assets is 0.44. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nantong Acetic Acid Chemical Co stock overvalued right now?
Based on GuruFocus' analysis, Nantong Acetic Acid Chemical Co (SHSE:603968) is currently considered Fairly Valued. The stock's GF Value™ is ¥10.31, compared to a current price of ¥10.24 — trading 0.7% below its estimated fair value. The current Scaled Net Operating Assets is 0.44. Nantong Acetic Acid Chemical Co's overall GF Score™ is 61/100 with 5 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 Nantong Acetic Acid Chemical Co (SHSE:603968), the current Scaled Net Operating Assets is 0.44 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 Nantong Acetic Acid Chemical Co (SHSE:603968) Overvalued in 2026?

Based on GuruFocus' analysis, Nantong Acetic Acid Chemical Co stock appears to be undervalued. The current stock price of ¥10.24 is trading 0.7% below its estimated GF Value™ of ¥10.31. GuruFocus considers Nantong Acetic Acid Chemical Co to be Fairly Valued.

Key valuation signals for SHSE:603968:

  • Scaled Net Operating Assets: 0.44
  • GF Value™: ¥10.31 vs. price of ¥10.24 (0.7% below fair value)
  • GF Score™: 61/100 with 5 warning signs

No single metric tells the full story. See the SHSE:603968 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Nantong Acetic Acid Chemical Co Business Description

Address Nantong Economic and Technological Development Zone, 968 Jiangshan Road, Jiangsu, CHN, 226009
Nantong Acetic Acid Chemical Co Ltd deals in food and feed additives, pharmaceutical and pesticide intermediates, dye and pigment intermediates, and organic chemical raw materials. The product portfolio includes - sorbic acid, potassium sorbate, dehydroacetic acid, nicotinic acid, clopidol, methyl acetoacetate, acetoacetanilide, and others.
61GF Score

Get the complete analysis for SHSE:603968

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

¥10.24
Price
¥10.31
GF Value