China Steel Chemical (TPE:1723) Scaled Net Operating Assets: 0.80 (As of Dec. 2025)


TPE:1723 China Steel Chemical Corp TPE:1723
77 GF Score
Price NT$84.40
GF Value NT$78.73
Valuation Fairly Valued
! 8 Warning Signs
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What is China Steel Chemical Scaled Net Operating Assets?

China Steel Chemical TPE:1723 77 Scaled Net Operating Assets is 0.80 as of Dec. 2025. GuruFocus rates TPE:1723 with a GF Score™ of 77/100 and a GF Value™ of NT$78.73 (Fairly Valued). The stock has 8 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.

China Steel Chemical's operating assets for the quarter that ended in Dec. 2025 was NT$9,627 Mil. China Steel Chemical's operating liabilities for the quarter that ended in Dec. 2025 was NT$765 Mil. China Steel Chemical's Total Assets for the quarter that ended in Sep. 2025 was NT$11,134 Mil. Therefore, China Steel Chemical's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2025 was 0.80.


China Steel Chemical Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for China Steel Chemical'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.

China Steel Chemical Scaled Net Operating Assets Chart

China Steel Chemical 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 0.74 0.67 0.75 0.77 0.77

China Steel Chemical 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 0.79 0.78 0.70 0.82 0.80

TPE:1723 vs DOW: Scaled Net Operating Assets Comparison

For the Chemicals subindustry, China Steel Chemical'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.


China Steel Chemical Scaled Net Operating Assets vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, China Steel Chemical's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where China Steel Chemical's Scaled Net Operating Assets falls into.


TPE:1723
77GF Score
China Steel Chemical Corp TPE:1723
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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China Steel Chemical 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.

China Steel Chemical'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 )
=(9627.476-764.758)/11465.46
=0.77

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=11442.959 - 1815.483
=9627.476

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=3624.68 - 1557.199 - 1302.723
=764.758

China Steel Chemical'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 )
=(9627.476-764.758)/11134.082
=0.80

where

Operating Assets(Q: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=11442.959 - 1815.483
=9627.476

Operating Liabilities(Q: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=3624.68 - 1557.199 - 1302.723
=764.758

* 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 0.80 mean?
China Steel Chemical (TPE:1723) has a Scaled Net Operating Assets of 0.80 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 China Steel Chemical and its competitors.
Is China Steel Chemical's Scaled Net Operating Assets too high?
China Steel Chemical's current Scaled Net Operating Assets is 0.80. Overall, China Steel Chemical has a GF Score™ of 77/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does China Steel Chemical's Scaled Net Operating Assets compare to DOW?
China Steel Chemical's Scaled Net Operating Assets of 0.80 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 China Steel Chemical and its competitors. China Steel Chemical's current Scaled Net Operating Assets is 0.80. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is China Steel Chemical stock overvalued right now?
Based on GuruFocus' analysis, China Steel Chemical (TPE:1723) is currently considered Fairly Valued. The stock's GF Value™ is NT$78.73, compared to a current price of NT$84.40 — trading 7.2% above its estimated fair value. The current Scaled Net Operating Assets is 0.80. China Steel Chemical's overall GF Score™ is 77/100 with 8 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 China Steel Chemical (TPE:1723), the current Scaled Net Operating Assets is 0.80 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 China Steel Chemical (TPE:1723) Overvalued in 2026?

Based on GuruFocus' analysis, China Steel Chemical stock appears to be overvalued. The current stock price of NT$84.40 is trading 7.2% above its estimated GF Value™ of NT$78.73. GuruFocus considers China Steel Chemical to be Fairly Valued.

Key valuation signals for TPE:1723:

  • Scaled Net Operating Assets: 0.80
  • GF Value™: NT$78.73 vs. price of NT$84.40 (7.2% above fair value)
  • GF Score™: 77/100 with 8 warning signs

No single metric tells the full story. See the TPE:1723 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


China Steel Chemical Business Description

Address No. 88, Chengong 2nd Road, 25th Floor, Qianzhen District, Kaohsiung, TWN
China Steel Chemical Corp is engaged in the production, processing, and sales of coal tar distillation products, Naphtha products, and coke products. Besides, it also trades related upstream and downstream products. The firm operates in segments: CSCC/CCSNM includes the production and marketing of chemical products, and EWI includes Investments. Geographically, it operates in Taiwan, Australia, and China, with the maximum revenue from Taiwan.
77GF Score

Get the complete analysis for TPE:1723

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

NT$84.40
Price
NT$78.73
GF Value