Pan Merchant Bhd (XKLS:0361) Scaled Net Operating Assets: 0.45 (As of Mar. 2026)


XKLS:0361 Pan Merchant Bhd XKLS:0361
15 GF Score
Price RM0.21
! 2 Warning Signs
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What is Pan Merchant Bhd Scaled Net Operating Assets?

Pan Merchant Bhd XKLS:0361 -4.65% 15 Scaled Net Operating Assets is 0.45 as of Mar. 2026. GuruFocus rates XKLS:0361 with a GF Score™ of 15/100. The stock has 2 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.

Pan Merchant Bhd's operating assets for the quarter that ended in Mar. 2026 was RM103.7 Mil. Pan Merchant Bhd's operating liabilities for the quarter that ended in Mar. 2026 was RM23.5 Mil. Pan Merchant Bhd's Total Assets for the quarter that ended in Dec. 2025 was RM179.8 Mil. Therefore, Pan Merchant Bhd's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.45.


Pan Merchant Bhd Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Pan Merchant 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.

Pan Merchant Bhd Scaled Net Operating Assets Chart

Pan Merchant Bhd Annual Data
Trend Dec21 Dec22 Dec23 Dec24 Dec25
Scaled Net Operating Assets
0.42 0.52 0.64 0.60 0.56

Pan Merchant Bhd Quarterly Data
Dec21 Dec22 Dec23 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Scaled Net Operating Assets Get a 7-Day Free Trial Premium Member Only 0.00 0.00 0.38 0.43 0.45

XKLS:0361 vs GEV, ETN, PH: Scaled Net Operating Assets Comparison

For the Specialty Industrial Machinery subindustry, Pan Merchant 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.


Pan Merchant Bhd Scaled Net Operating Assets vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Pan Merchant Bhd's Scaled Net Operating Assets distribution charts can be found below:

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


XKLS:0361
15GF Score
Pan Merchant Bhd XKLS:0361
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Pan Merchant 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.

Pan Merchant 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 )
=(104.867-25.345)/143.392
=0.55

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=179.757 - 74.89
=104.867

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=42.004 - 2.693 - 13.966
=25.345

Pan Merchant 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 )
=(103.718-23.453)/179.757
=0.45

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=172.562 - 68.844
=103.718

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=41.953 - 2.439 - 16.061
=23.453

* 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 0.45 mean?
Pan Merchant Bhd (XKLS:0361) has a Scaled Net Operating Assets of 0.45 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 Pan Merchant Bhd and its competitors.
Is Pan Merchant Bhd's Scaled Net Operating Assets too high?
Pan Merchant Bhd's current Scaled Net Operating Assets is 0.45. Overall, Pan Merchant Bhd has a GF Score™ of 15/100, reflecting its overall financial health beyond just this single metric.
How does Pan Merchant Bhd's Scaled Net Operating Assets compare to GEV and ETN?
Pan Merchant Bhd's Scaled Net Operating Assets of 0.45 can be compared against companies in the Industrial Products 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 an Industrial Products company?
A good Scaled Net Operating Assets depends on the Industrial Products 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 Pan Merchant Bhd and its competitors. Pan Merchant Bhd's current Scaled Net Operating Assets is 0.45. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Pan Merchant Bhd stock overvalued right now?
Pan Merchant Bhd (XKLS:0361) has a current Scaled Net Operating Assets of 0.45. The current Scaled Net Operating Assets is 0.45. Pan Merchant Bhd's overall GF Score™ is 15/100 with 2 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 Pan Merchant Bhd (XKLS:0361), the current Scaled Net Operating Assets is 0.45 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.

Pan Merchant Bhd Business Description

Address Nos. 17 & 19, Jalan Pengacara U1/48, Temasya Industrial Park, Shah Alam, SGR, MYS, 40150
Pan Merchant Bhd is a homegrown solid-liquid filtration solutions provider by revenue, with a track record of designing, manufacturing, assembling, delivering, and commissioning filters. It leverages its in-house design and process engineering expertise to supply customised filtration solutions for large-scale and complex projects, in compliance with specific customer requirements and international standards. It is involved in the business of a solutions provider of solid-liquid filtration equipment, fabrication of steelworks, and technical support services in Malaysia. Its segments are: namely, Filtration Solutions, Steel Works, and Technical Support Services, with the Filtration Solutions segment generating the maximum revenue. The Group generates maximum revenue from Europe.
15GF Score

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