Ritek (TPE:2349) Scaled Net Operating Assets: 0.71 (As of Dec. 2025)


TPE:2349 Ritek Corp TPE:2349
57 GF Score
Price NT$13.30
GF Value NT$10.35
Valuation Modestly Overvalued
! 5 Warning Signs
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What is Ritek Scaled Net Operating Assets?

Ritek TPE:2349 +2.31% 57 Scaled Net Operating Assets is 0.71 as of Dec. 2025. GuruFocus rates TPE:2349 with a GF Score™ of 57/100 and a GF Value™ of NT$10.35 (Modestly Overvalued). 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.

Ritek's operating assets for the quarter that ended in Dec. 2025 was NT$14,226 Mil. Ritek's operating liabilities for the quarter that ended in Dec. 2025 was NT$1,827 Mil. Ritek's Total Assets for the quarter that ended in Sep. 2025 was NT$17,481 Mil. Therefore, Ritek's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2025 was 0.71.


Ritek Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Ritek'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.

Ritek Scaled Net Operating Assets Chart

Ritek 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 0.66 0.68 0.61 0.57 0.73

Ritek 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 0.69 0.68 0.67 0.71 0.71

TPE:2349 vs SNDK, DELL, STX: Scaled Net Operating Assets Comparison

For the Computer Hardware subindustry, Ritek'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.


Ritek Scaled Net Operating Assets vs Hardware Industry

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

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


TPE:2349
57GF Score
Ritek Corp TPE:2349
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Ritek 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.

Ritek'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 )
=(14225.775-1826.606)/17043.408
=0.73

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=18234.323 - 4008.548
=14225.775

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=8840.771 - 5227.468 - 1786.697
=1826.606

Ritek'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 )
=(14225.775-1826.606)/17481.082
=0.71

where

Operating Assets(Q: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=18234.323 - 4008.548
=14225.775

Operating Liabilities(Q: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=8840.771 - 5227.468 - 1786.697
=1826.606

* 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 0.71 mean?
Ritek (TPE:2349) has a Scaled Net Operating Assets of 0.71 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 Ritek and its competitors.
Is Ritek's Scaled Net Operating Assets too high?
Ritek's current Scaled Net Operating Assets is 0.71. Overall, Ritek has a GF Score™ of 57/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Ritek's Scaled Net Operating Assets compare to SNDK and DELL?
Ritek's Scaled Net Operating Assets of 0.71 can be compared against companies in the Hardware 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 Hardware company?
A good Scaled Net Operating Assets depends on the Hardware 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 Ritek and its competitors. Ritek's current Scaled Net Operating Assets is 0.71. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ritek stock overvalued right now?
Based on GuruFocus' analysis, Ritek (TPE:2349) is currently considered Modestly Overvalued. The stock's GF Value™ is NT$10.35, compared to a current price of NT$13.30 — trading 28.5% above its estimated fair value. The current Scaled Net Operating Assets is 0.71. Ritek's overall GF Score™ is 57/100 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 Ritek (TPE:2349), the current Scaled Net Operating Assets is 0.71 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 Ritek (TPE:2349) Overvalued in 2026?

Based on GuruFocus' analysis, Ritek stock appears to be overvalued. The current stock price of NT$13.30 is trading 28.5% above its estimated GF Value™ of NT$10.35. GuruFocus considers Ritek to be Modestly Overvalued.

Key valuation signals for TPE:2349:

  • Scaled Net Operating Assets: 0.71
  • GF Value™: NT$10.35 vs. price of NT$13.30 (28.5% above fair value)
  • GF Score™: 57/100 with 5 warning signs

No single metric tells the full story. See the TPE:2349 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Ritek Business Description

Address No. 42, Kuangfu North Road, Hsinchu Industrial Park, Hukou Township, Hsinchu Country, Hsinchu, TWN, 30351
Ritek Corp is a Taiwan-based company engaged in the manufacturing and processing of optical information products and memory products and related equipment (including peripheral products), as well as trading and import and export of materials under RIDATA, Traxdata, Arita, Imation, and other brands. Its reportable segments are; Storage media, OLED, and others. The majority of the company's revenue is generated from the Storage media segment which is engaged in the manufacturing, processing, and sales of optical discs and memory cards. Geographically, its key revenue is derived from Asia and the rest from Taiwan, America, Europe, Africa, the Pacific, and other countries.
57GF Score

Get the complete analysis for TPE:2349

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

NT$13.30
Price
NT$10.35
GF Value