Startline Co (TSE:477A) Scaled Net Operating Assets: 0.67 (As of Mar. 2026)

Startline Co TSE:477A +1.20% 7 Scaled Net Operating Assets is 0.67 as of Mar. 2026. GuruFocus rates TSE:477A with a GF Score™ of 7/100. The stock has 3 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.

Startline Co's operating assets for the quarter that ended in Mar. 2026 was 円5,890 Mil. Startline Co's operating liabilities for the quarter that ended in Mar. 2026 was 円1,788 Mil. Startline Co's Total Assets for the quarter that ended in Sep. 2025 was 円6,121 Mil. Therefore, Startline Co's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.67.

Startline Co Scaled Net Operating Assets Related Terms

Startline Co Scaled Net Operating Assets Historical Data

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The historical data trend for Startline 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.

Startline Co Scaled Net Operating Assets Chart

Startline Co Annual Data

Trend

Mar24

Mar25

Mar26

Scaled Net Operating Assets

0.47

0.59

0.73

Startline Co Semi-Annual Data
	Mar24	Mar25	Sep25	Mar26
Scaled Net Operating Assets	0.47	0.59	0.62	0.67

TSE:477A vs CTAS, CPRT, ULS: Scaled Net Operating Assets Comparison

For the Specialty Business Services subindustry, Startline 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.

Startline Co Scaled Net Operating Assets vs Business Services Industry

For the Business Services industry and Industrials sector, Startline Co's Scaled Net Operating Assets distribution charts can be found below:

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

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Startline Co Ltd TSE:477A

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Startline 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.

Startline Co's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Mar. 2026 is calculated as

	Scaled Net Operating Assets (SNOA)		(A: Mar. 2026 )
=	(Operating Assets (A: Mar. 2026 )	-	Operating Liabilities (A: Mar. 2026 ))	/	Total Assets (A: Mar. 2025 )
=	(5889.882	-	1788.213)	/	5637.14
=	0.73

where

	Operating Assets		(A: Mar. 2026 )
=	Total Assets	-	Cash, Cash Equivalents, Marketable Securities
=	8217.154	-	2327.272
=	5889.882

	Operating Liabilities		(A: Mar. 2026 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	6335.739	-	3077.139	-	1470.387
=	1788.213

Startline Co's Scaled Net Operating Assets (SNOA) for the quarter that ended in Mar. 2026 is calculated as

	Scaled Net Operating Assets (SNOA)		(Q: Mar. 2026 )
=	(Operating Assets (Q: Mar. 2026 )	-	Operating Liabilities (Q: Mar. 2026 ))	/	Total Assets (Q: Sep. 2025 )
=	(5889.882	-	1788.213)	/	6120.965
=	0.67

where

	Operating Assets		(Q: Mar. 2026 )
=	Total Assets	-	Cash, Cash Equivalents, Marketable Securities
=	8217.154	-	2327.272
=	5889.882

	Operating Liabilities		(Q: Mar. 2026 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	6335.739	-	3077.139	-	1470.387
=	1788.213

Frequently Asked Questions Learn more about Scaled Net Operating Assets →

What does a Scaled Net Operating Assets of 0.67 mean?

Startline Co (TSE:477A) has a Scaled Net Operating Assets of 0.67 as of Mar. 2026. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Startline Co and its competitors.

Is Startline Co's Scaled Net Operating Assets too high?

Startline Co's current Scaled Net Operating Assets is 0.67. Overall, Startline Co has a GF Score™ of 7/100, reflecting its overall financial health beyond just this single metric.

How does Startline Co's Scaled Net Operating Assets compare to CTAS and CPRT?

Startline Co's Scaled Net Operating Assets of 0.67 can be compared against companies in the Business 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 Business Services company?

A good Scaled Net Operating Assets depends on the Business 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 Startline Co and its competitors. Startline Co's current Scaled Net Operating Assets is 0.67. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Startline Co stock overvalued right now?

Startline Co (TSE:477A) has a current Scaled Net Operating Assets of 0.67. The current Scaled Net Operating Assets is 0.67. Startline Co's overall GF Score™ is 7/100 with 3 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 Startline Co (TSE:477A), the current Scaled Net Operating Assets is 0.67 as of Mar. 2026. 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.