Tainan Spinning Co (TPE:1440) Scaled Net Operating Assets: 0.70 (As of Dec. 2025)


TPE:1440 Tainan Spinning Co Ltd TPE:1440
62 GF Score
Price NT$14.45
GF Value NT$10.86
Valuation Significantly Overvalued
! 6 Warning Signs
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What is Tainan Spinning Co Scaled Net Operating Assets?

Tainan Spinning Co TPE:1440 +3.58% 62 Scaled Net Operating Assets is 0.70 as of Dec. 2025. GuruFocus rates TPE:1440 with a GF Score™ of 62/100 and a GF Value™ of NT$10.86 (Significantly Overvalued). The stock has 6 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.

Tainan Spinning Co's operating assets for the quarter that ended in Dec. 2025 was NT$38,225 Mil. Tainan Spinning Co's operating liabilities for the quarter that ended in Dec. 2025 was NT$6,510 Mil. Tainan Spinning Co's Total Assets for the quarter that ended in Sep. 2025 was NT$45,212 Mil. Therefore, Tainan Spinning Co's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2025 was 0.70.

Tainan Spinning Co Scaled Net Operating Assets Historical Data

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The historical data trend for Tainan Spinning 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.

Tainan Spinning Co Scaled Net Operating Assets Chart

Tainan Spinning 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 0.79 0.72 0.69 0.67 0.65

Tainan Spinning Co Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25
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 0.71 0.69 0.66 0.71 0.70

Tainan Spinning Co Scaled Net Operating Assets Competitor Comparison

For the Textile Manufacturing subindustry, Tainan Spinning 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.

Tainan Spinning Co Scaled Net Operating Assets vs Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Tainan Spinning Co's Scaled Net Operating Assets distribution charts can be found below:

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


TPE:1440
62GF Score
Tainan Spinning Co Ltd TPE:1440
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Tainan Spinning 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.

Tainan Spinning 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 )
=(38224.801-6509.579)/48915.093
=0.65

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=45862.019 - 7637.218
=38224.801

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=17850.073 - 4289.507 - 7050.987
=6509.579

Tainan Spinning 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: Sep. 2025 )
=(38224.801-6509.579)/45211.762
=0.70

where

Operating Assets(Q: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=45862.019 - 7637.218
=38224.801

Operating Liabilities(Q: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=17850.073 - 4289.507 - 7050.987
=6509.579

* 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 0.70 mean?
Tainan Spinning Co (TPE:1440) has a Scaled Net Operating Assets of 0.70 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 Tainan Spinning Co and its competitors.
Is Tainan Spinning Co's Scaled Net Operating Assets too high?
Tainan Spinning Co's current Scaled Net Operating Assets is 0.70. Overall, Tainan Spinning Co has a GF Score™ of 62/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Tainan Spinning Co's Scaled Net Operating Assets compare to competitors?
Tainan Spinning Co's Scaled Net Operating Assets of 0.70 can be compared against companies in the Manufacturing - Apparel & Accessories 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 Manufacturing - Apparel & Accessories company?
A good Scaled Net Operating Assets depends on the Manufacturing - Apparel & Accessories 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 Tainan Spinning Co and its competitors. Tainan Spinning Co's current Scaled Net Operating Assets is 0.70. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tainan Spinning Co stock overvalued right now?
Based on GuruFocus' analysis, Tainan Spinning Co (TPE:1440) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$10.86, compared to a current price of NT$14.45 — trading 33.1% above its estimated fair value. The current Scaled Net Operating Assets is 0.70. Tainan Spinning Co's overall GF Score™ is 62/100 with 6 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 Tainan Spinning Co (TPE:1440), the current Scaled Net Operating Assets is 0.70 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.

Is Tainan Spinning Co (TPE:1440) Overvalued in 2026?

Based on GuruFocus' analysis, Tainan Spinning Co stock appears to be overvalued. The current stock price of NT$14.45 is trading 33.1% above its estimated GF Value™ of NT$10.86. GuruFocus considers Tainan Spinning Co to be Significantly Overvalued.

Key valuation signals for TPE:1440:

  • Scaled Net Operating Assets: 0.70
  • GF Value™: NT$10.86 vs. price of NT$14.45 (33.1% above fair value)
  • GF Score™: 62/100 with 6 warning signs

No single metric tells the full story. See the TPE:1440 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Tainan Spinning Co Business Description

Address No. 398, Zhonghua East Road, 10th Floor, Section 1, East District, Tainan, TWN, 701
Tainan Spinning Co Ltd is a Taiwan-based company that is principally engaged in manufacturing, processing, sale of textile products, woven textile products and synthetic fiber materials, construction of public housing, and the rental and sale of commercial property. The company's products include yarn, polyester, polyester filament, pet granules (spinning), processed yarn, and others. The company also operates a real estate business. The company generates the majority of its total revenue from textile products.
62GF Score

Get the complete analysis for TPE:1440

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

NT$14.45
Price
NT$10.86
GF Value