Hotai Finance Co (TPE:6592) Scaled Net Operating Assets: 0.97 (As of Dec. 2025)


TPE:6592 Hotai Finance Co Ltd TPE:6592
86 GF Score
Price NT$61.30
GF Value NT$81.32
Valuation Modestly Undervalued
! 7 Warning Signs
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What is Hotai Finance Co Scaled Net Operating Assets?

Hotai Finance Co TPE:6592 +3.90% 86 Scaled Net Operating Assets is 0.97 as of Dec. 2025. GuruFocus rates TPE:6592 with a GF Score™ of 86/100 and a GF Value™ of NT$81.32 (Modestly Undervalued). The stock has 7 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.

Hotai Finance Co's operating assets for the quarter that ended in Dec. 2025 was NT$324,371 Mil. Hotai Finance Co's operating liabilities for the quarter that ended in Dec. 2025 was NT$11,119 Mil. Hotai Finance Co's Total Assets for the quarter that ended in Sep. 2025 was NT$322,571 Mil. Therefore, Hotai Finance Co's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2025 was 0.97.

Hotai Finance Co Scaled Net Operating Assets Historical Data

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The historical data trend for Hotai Finance 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.

Hotai Finance Co Scaled Net Operating Assets Chart

Hotai Finance 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 1.20 1.20 1.17 1.00 0.96

Hotai Finance 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 0.95 0.94 0.93 0.96 0.97

TPE:6592 vs V, MA, AXP: Scaled Net Operating Assets Comparison

For the Credit Services subindustry, Hotai Finance 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.

Hotai Finance Co Scaled Net Operating Assets vs Credit Services Industry

For the Credit Services industry and Financial Services sector, Hotai Finance Co's Scaled Net Operating Assets distribution charts can be found below:

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


TPE:6592
86GF Score
Hotai Finance Co Ltd TPE:6592
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Hotai Finance 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.

Hotai Finance 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 )
=(324370.545-11119.177)/328179.39
=0.95

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=329585.493 - 5214.948
=324370.545

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=286189.237 - 9088.649 - 265981.411
=11119.177

Hotai Finance 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 )
=(324370.545-11119.177)/322571.288
=0.97

where

Operating Assets(Q: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=329585.493 - 5214.948
=324370.545

Operating Liabilities(Q: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=286189.237 - 9088.649 - 265981.411
=11119.177

* 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 0.97 mean?
Hotai Finance Co (TPE:6592) has a Scaled Net Operating Assets of 0.97 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 Hotai Finance Co and its competitors.
Is Hotai Finance Co's Scaled Net Operating Assets too high?
Hotai Finance Co's current Scaled Net Operating Assets is 0.97. Overall, Hotai Finance Co has a GF Score™ of 86/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Hotai Finance Co's Scaled Net Operating Assets compare to V and MA?
Hotai Finance Co's Scaled Net Operating Assets of 0.97 can be compared against companies in the Credit Services 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 Credit Services company?
A good Scaled Net Operating Assets depends on the Credit Services 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 Hotai Finance Co and its competitors. Hotai Finance Co's current Scaled Net Operating Assets is 0.97. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hotai Finance Co stock overvalued right now?
Based on GuruFocus' analysis, Hotai Finance Co (TPE:6592) is currently considered Modestly Undervalued. The stock's GF Value™ is NT$81.32, compared to a current price of NT$61.30 — trading 24.6% below its estimated fair value. The current Scaled Net Operating Assets is 0.97. Hotai Finance Co's overall GF Score™ is 86/100 with 7 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 Hotai Finance Co (TPE:6592), the current Scaled Net Operating Assets is 0.97 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 Hotai Finance Co (TPE:6592) Overvalued in 2026?

Based on GuruFocus' analysis, Hotai Finance Co stock appears to be undervalued. The current stock price of NT$61.30 is trading 24.6% below its estimated GF Value™ of NT$81.32. GuruFocus considers Hotai Finance Co to be Modestly Undervalued.

Key valuation signals for TPE:6592:

  • Scaled Net Operating Assets: 0.97
  • GF Value™: NT$81.32 vs. price of NT$61.30 (24.6% below fair value)
  • GF Score™: 86/100 with 7 warning signs

No single metric tells the full story. See the TPE:6592 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Hotai Finance Co Business Description

Address No.605, Ruiguang Road, 10th Floor, Neihu District, Taipei, TWN, 114
Hotai Finance Co Ltd is a Taiwan-based full-service financing company. It is engaged in the installment sales and leases of vehicles and equipment. The company offers products and services such as an Installment loan for a new car, used car, motorcycle & scooter, and others. The company's geographical segment consists of Taiwan and China. The company generates the majority of its revenue from Taiwan.
86GF Score

Get the complete analysis for TPE:6592

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

NT$61.30
Price
NT$81.32
GF Value