Ningbo Hicon Industry Technology Co (SZSE:001237) Scaled Net Operating Assets: 0.03 (As of Mar. 2026)

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SZSE:001237 Ningbo Hicon Industry Technology Co Ltd SZSE:001237
20 GF Score
Price ¥54.09
! 1 Warning Sign
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What is Ningbo Hicon Industry Technology Co Scaled Net Operating Assets?

Ningbo Hicon Industry Technology Co SZSE:001237 -1.21% 20 Scaled Net Operating Assets is 0.03 as of Mar. 2026. GuruFocus rates SZSE:001237 with a GF Score™ of 20/100. The stock has 1 warning sign investors should review.

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Ningbo Hicon Industry Technology Co's operating assets for the quarter that ended in Mar. 2026 was ¥1,657 Mil. Ningbo Hicon Industry Technology Co's operating liabilities for the quarter that ended in Mar. 2026 was ¥1,576 Mil. Ningbo Hicon Industry Technology Co's Total Assets for the quarter that ended in Dec. 2025 was ¥3,183 Mil. Therefore, Ningbo Hicon Industry Technology Co's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.03.


Ningbo Hicon Industry Technology Co Scaled Net Operating Assets Historical Data

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The historical data trend for Ningbo Hicon Industry Technology 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.

Ningbo Hicon Industry Technology Co Scaled Net Operating Assets Chart

Ningbo Hicon Industry Technology Co Annual Data
Trend Dec22 Dec23 Dec24 Dec25
Scaled Net Operating Assets
-0.16 -0.14 0.46 -0.04

Ningbo Hicon Industry Technology Co Quarterly Data
Dec22 Dec23 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Scaled Net Operating Assets Get a 7-Day Free Trial Premium Member Only 0.00 0.00 0.46 -0.04 0.03

SZSE:001237 vs SN, SGI, MHK: Scaled Net Operating Assets Comparison

For the Furnishings, Fixtures & Appliances subindustry, Ningbo Hicon Industry Technology 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.


Ningbo Hicon Industry Technology Co Scaled Net Operating Assets vs Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Ningbo Hicon Industry Technology Co's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where Ningbo Hicon Industry Technology Co's Scaled Net Operating Assets falls into.


SZSE:001237
20GF Score
Ningbo Hicon Industry Technology Co Ltd SZSE:001237
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Ningbo Hicon Industry Technology 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.

Ningbo Hicon Industry Technology 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 )
=(1649.913-1771.11)/2826.175
=-0.04

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=3183.245 - 1533.332
=1649.913

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1772.271 - 0.022 - 1.139
=1771.11

Ningbo Hicon Industry Technology 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 )
=(1656.862-1575.97)/3183.245
=0.03

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=3061.578 - 1404.716
=1656.862

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1576.313 - 0 - 0.343
=1575.97

* 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 0.03 mean?
Ningbo Hicon Industry Technology Co (SZSE:001237) has a Scaled Net Operating Assets of 0.03 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 Ningbo Hicon Industry Technology Co and its competitors.
Is Ningbo Hicon Industry Technology Co's Scaled Net Operating Assets too high?
Ningbo Hicon Industry Technology Co's current Scaled Net Operating Assets is 0.03. Overall, Ningbo Hicon Industry Technology Co has a GF Score™ of 20/100, reflecting its overall financial health beyond just this single metric.
How does Ningbo Hicon Industry Technology Co's Scaled Net Operating Assets compare to SN and SGI?
Ningbo Hicon Industry Technology Co's Scaled Net Operating Assets of 0.03 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 Ningbo Hicon Industry Technology Co and its competitors. Ningbo Hicon Industry Technology Co's current Scaled Net Operating Assets is 0.03. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ningbo Hicon Industry Technology Co stock overvalued right now?
Ningbo Hicon Industry Technology Co (SZSE:001237) has a current Scaled Net Operating Assets of 0.03. The current Scaled Net Operating Assets is 0.03. Ningbo Hicon Industry Technology Co's overall GF Score™ is 20/100 with 1 warning sign 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 Ningbo Hicon Industry Technology Co (SZSE:001237), the current Scaled Net Operating Assets is 0.03 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.

Ningbo Hicon Industry Technology Co Business Description

Address No. 55, Binhai Fourth Road, Qianwan New District, Zhejiang Province, Ningbo, CHN, 315336
Ningbo Hicon Industry Technology Co Ltd is engaged in the research, development, production, and sales of refrigeration equipment. The company's products are widely used in many commercial and household fields, such as restaurants, hotels, supermarkets, cafes, milk tea shops, convenience stores, bars, schools, and offices. It exports to various countries and regions around the world, including China, the United States, Canada, Germany, Sweden, and Australia. The company's offerings include ice makers, Commercial ice makers, wine cabinets, refrigerators, freezers, car refrigerators, Ice cream machines, display cases, and Snow melting machines.
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