Tex Cycle Technology (M) Bhd (XKLS:0089) Scaled Net Operating Assets: 0.77 (As of Mar. 2026)


XKLS:0089 Tex Cycle Technology (M) Bhd XKLS:0089
84 GF Score
Price RM1.04
GF Value RM1.90
Valuation Significantly Undervalued
! 5 Warning Signs
View Full Analysis

What is Tex Cycle Technology (M) Bhd Scaled Net Operating Assets?

Tex Cycle Technology (M) Bhd XKLS:0089 84 Scaled Net Operating Assets is 0.77 as of Mar. 2026. GuruFocus rates XKLS:0089 with a GF Score™ of 84/100 and a GF Value™ of RM1.90 (Significantly Undervalued). 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.

Tex Cycle Technology (M) Bhd's operating assets for the quarter that ended in Mar. 2026 was RM250.14 Mil. Tex Cycle Technology (M) Bhd's operating liabilities for the quarter that ended in Mar. 2026 was RM20.44 Mil. Tex Cycle Technology (M) Bhd's Total Assets for the quarter that ended in Dec. 2025 was RM297.12 Mil. Therefore, Tex Cycle Technology (M) Bhd's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.77.


Tex Cycle Technology (M) Bhd Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Tex Cycle Technology (M) Bhd'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.

Tex Cycle Technology (M) Bhd Scaled Net Operating Assets Chart

Tex Cycle Technology (M) Bhd 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 0.85 1.00 0.96 0.90 0.97

Tex Cycle Technology (M) Bhd Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 0.94 0.96 1.09 0.75 0.77

XKLS:0089 vs WM, RSG, WCN: Scaled Net Operating Assets Comparison

For the Waste Management subindustry, Tex Cycle Technology (M) Bhd'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.


Tex Cycle Technology (M) Bhd Scaled Net Operating Assets vs Waste Management Industry

For the Waste Management industry and Industrials sector, Tex Cycle Technology (M) Bhd's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where Tex Cycle Technology (M) Bhd's Scaled Net Operating Assets falls into.


XKLS:0089
84GF Score
Tex Cycle Technology (M) Bhd XKLS:0089
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Tex Cycle Technology (M) Bhd 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.

Tex Cycle Technology (M) Bhd'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 )
=(254.236-25.655)/235.454
=0.97

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=297.121 - 42.885
=254.236

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=101.37 - 56.165 - 19.55
=25.655

Tex Cycle Technology (M) Bhd'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: Dec. 2025 )
=(250.144-20.438)/297.121
=0.77

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=299.168 - 49.024
=250.144

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=93.044 - 59.678 - 12.928
=20.438

* 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 0.77 mean?
Tex Cycle Technology (M) Bhd (XKLS:0089) has a Scaled Net Operating Assets of 0.77 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 Tex Cycle Technology (M) Bhd and its competitors.
Is Tex Cycle Technology (M) Bhd's Scaled Net Operating Assets too high?
Tex Cycle Technology (M) Bhd's current Scaled Net Operating Assets is 0.77. Overall, Tex Cycle Technology (M) Bhd has a GF Score™ of 84/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Tex Cycle Technology (M) Bhd's Scaled Net Operating Assets compare to WM and RSG?
Tex Cycle Technology (M) Bhd's Scaled Net Operating Assets of 0.77 can be compared against companies in the Waste Management 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 Waste Management company?
A good Scaled Net Operating Assets depends on the Waste Management 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 Tex Cycle Technology (M) Bhd and its competitors. Tex Cycle Technology (M) Bhd's current Scaled Net Operating Assets is 0.77. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tex Cycle Technology (M) Bhd stock overvalued right now?
Based on GuruFocus' analysis, Tex Cycle Technology (M) Bhd (XKLS:0089) is currently considered Significantly Undervalued. The stock's GF Value™ is RM1.90, compared to a current price of RM1.04 — trading 45.3% below its estimated fair value. The current Scaled Net Operating Assets is 0.77. Tex Cycle Technology (M) Bhd's overall GF Score™ is 84/100 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 Tex Cycle Technology (M) Bhd (XKLS:0089), the current Scaled Net Operating Assets is 0.77 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.

Is Tex Cycle Technology (M) Bhd (XKLS:0089) Overvalued in 2026?

Based on GuruFocus' analysis, Tex Cycle Technology (M) Bhd stock appears to be undervalued. The current stock price of RM1.04 is trading 45.3% below its estimated GF Value™ of RM1.90. GuruFocus considers Tex Cycle Technology (M) Bhd to be Significantly Undervalued.

Key valuation signals for XKLS:0089:

  • Scaled Net Operating Assets: 0.77
  • GF Value™: RM1.90 vs. price of RM1.04 (45.3% below fair value)
  • GF Score™: 84/100 with 5 warning signs

No single metric tells the full story. See the XKLS:0089 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Tex Cycle Technology (M) Bhd Business Description

Address Lot 8942, Jalan Besar Telok Gong, Pelabuhan Klang, SGR, MYS, 42000
Tex Cycle Technology (M) Bhd is engaged in the provision of recovery and recycling of scheduled waste. It operates in six segments. The investment holding segment comprises investing in property and unquoted securities on a long-term basis; the recovery and recycling services segment comprises the provision of waste recovery and recycling services, and rental of recycled products; the rental of investment property segment; trading segment comprises trading of chemicals and other products; renewable energy segment includes the provision of equipment and consultancy services related to renewable energy; and others segment. The majority of company's revenue comes from the recovery and recycling services segment.
84GF Score

Get the complete analysis for XKLS:0089

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

RM1.04
Price
RM1.90
GF Value