TOYO (Toyo Co) Scaled Net Operating Assets: 0.38 (As of Dec. 2025)


TOYO Toyo Co Ltd TOYO
21 GF Score
Price $7.23
! 2 Warning Signs
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What is Toyo Co Scaled Net Operating Assets?

Toyo Co TOYO -1.63% 21 Scaled Net Operating Assets is 0.38 as of Dec. 2025. GuruFocus rates TOYO with a GF Score™ of 21/100. 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.

Toyo Co's operating assets for the quarter that ended in Dec. 2025 was $389.8 Mil. Toyo Co's operating liabilities for the quarter that ended in Dec. 2025 was $256.7 Mil. Toyo Co's Total Assets for the quarter that ended in Jun. 2025 was $353.6 Mil. Therefore, Toyo Co's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2025 was 0.38.

Toyo Co Scaled Net Operating Assets Historical Data

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The historical data trend for Toyo 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.

Toyo Co Scaled Net Operating Assets Chart

Toyo Co Annual Data
Trend Dec22 Dec23 Dec24 Dec25
Scaled Net Operating Assets
0.55 4.69 0.50 0.56

Toyo Co Semi-Annual Data
Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Scaled Net Operating Assets Get a 7-Day Free Trial 0.47 0.37 0.49 0.48 0.38

TOYO vs TYGO, SPWR, HYSR: Scaled Net Operating Assets Comparison

For the Solar subindustry, Toyo 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.

Toyo Co Scaled Net Operating Assets vs Semiconductors Industry

For the Semiconductors industry and Technology sector, Toyo Co's Scaled Net Operating Assets distribution charts can be found below:

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


TOYO
21GF Score
Toyo Co Ltd TOYO
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Toyo 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.

Toyo 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 )
=(389.8-256.717)/239.8
=0.55

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=441.434 - 51.634
=389.8

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=330.178 - 34.474 - 38.987
=256.717

Toyo Co's Scaled Net Operating Assets (SNOA) for the quarter that ended in Dec. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Dec. 2025 )
=(Operating Assets (Q: Dec. 2025 )-Operating Liabilities (Q: Dec. 2025 ))/Total Assets (Q: Jun. 2025 )
=(389.8-256.717)/353.623
=0.38

where

Operating Assets(Q: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=441.434 - 51.634
=389.8

Operating Liabilities(Q: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=330.178 - 34.474 - 38.987
=256.717

* 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 0.38 mean?
Toyo Co (TOYO) has a Scaled Net Operating Assets of 0.38 as of Dec. 2025. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Toyo Co and its competitors.
Is Toyo Co's Scaled Net Operating Assets too high?
Toyo Co's current Scaled Net Operating Assets is 0.38. Overall, Toyo Co has a GF Score™ of 21/100, reflecting its overall financial health beyond just this single metric.
How does Toyo Co's Scaled Net Operating Assets compare to TYGO and SPWR?
Toyo Co's Scaled Net Operating Assets of 0.38 can be compared against companies in the Semiconductors 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 Semiconductors company?
A good Scaled Net Operating Assets depends on the Semiconductors 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 Toyo Co and its competitors. Toyo Co's current Scaled Net Operating Assets is 0.38. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Toyo Co stock overvalued right now?
Toyo Co (TOYO) has a current Scaled Net Operating Assets of 0.38. The current Scaled Net Operating Assets is 0.38. Toyo Co's overall GF Score™ is 21/100 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 Toyo Co (TOYO), the current Scaled Net Operating Assets is 0.38 as of Dec. 2025. 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.

Toyo Co Business Description

Address Tennoz First Tower, 16 Floor, 2-2-4, Higashi-shinagawa, Shinagawa-ku, Tokyo, JPN, 140-0002
Toyo Co Ltd, along with its subsidiaries, is engaged in research and development, production, and sales of solar cells and solar modules and related businesses. The company operates across the solar value chain, including upstream wafer and silicon manufacturing, midstream solar cell production, and downstream photovoltaic (PV) module production. It generated revenues from sales of solar cells, solar modules and provision of facilitation services. Geographically, the company derived the majority of the revenue from the USA.
21GF Score

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