Adnex Group Bhd (XKLS:0396) Scaled Net Operating Assets: 0.39 (As of Mar. 2026)


XKLS:0396 Adnex Group Bhd XKLS:0396
13 GF Score
Price RM0.39
! 5 Warning Signs
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What is Adnex Group Bhd Scaled Net Operating Assets?

Adnex Group Bhd XKLS:0396 +2.67% 13 Scaled Net Operating Assets is 0.39 as of Mar. 2026. GuruFocus rates XKLS:0396 with a GF Score™ of 13/100. 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.

Adnex Group Bhd's operating assets for the quarter that ended in Mar. 2026 was RM46.82 Mil. Adnex Group Bhd's operating liabilities for the quarter that ended in Mar. 2026 was RM23.58 Mil. Adnex Group Bhd's Total Assets for the quarter that ended in Sep. 2025 was RM59.73 Mil. Therefore, Adnex Group Bhd's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.39.


Adnex Group Bhd Scaled Net Operating Assets Historical Data

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The historical data trend for Adnex Group 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.

Adnex Group Bhd Scaled Net Operating Assets Chart

Adnex Group Bhd Annual Data
Trend Dec22 Dec23 Dec24
Scaled Net Operating Assets
0.29 0.45 0.55

Adnex Group Bhd Quarterly Data
Dec22 Dec23 Dec24 Sep25 Mar26
Scaled Net Operating Assets 0.29 0.45 0.55 0.52 0.39

XKLS:0396 vs PWR, FIX, EME: Scaled Net Operating Assets Comparison

For the Engineering & Construction subindustry, Adnex Group 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.


Adnex Group Bhd Scaled Net Operating Assets vs Construction Industry

For the Construction industry and Industrials sector, Adnex Group Bhd's Scaled Net Operating Assets distribution charts can be found below:

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


XKLS:0396
13GF Score
Adnex Group Bhd XKLS:0396
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Adnex Group 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.

Adnex Group Bhd's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2024 is calculated as

Scaled Net Operating Assets (SNOA)(A: Dec. 2024 )
=(Operating Assets (A: Dec. 2024 )-Operating Liabilities (A: Dec. 2024 ))/Total Assets (A: Dec. 2023 )
=(27.446-15.899)/21.119
=0.55

where

Operating Assets(A: Dec. 2024 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=30.422 - 2.976
=27.446

Operating Liabilities(A: Dec. 2024 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=22.228 - 2.663 - 3.666
=15.899

Adnex Group 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: Sep. 2025 )
=(46.817-23.576)/59.731
=0.39

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=68.671 - 21.854
=46.817

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=33.671 - 2.479 - 7.616
=23.576

* 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 0.39 mean?
Adnex Group Bhd (XKLS:0396) has a Scaled Net Operating Assets of 0.39 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 Adnex Group Bhd and its competitors.
Is Adnex Group Bhd's Scaled Net Operating Assets too high?
Adnex Group Bhd's current Scaled Net Operating Assets is 0.39. Overall, Adnex Group Bhd has a GF Score™ of 13/100, reflecting its overall financial health beyond just this single metric.
How does Adnex Group Bhd's Scaled Net Operating Assets compare to PWR and FIX?
Adnex Group Bhd's Scaled Net Operating Assets of 0.39 can be compared against companies in the Construction 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 Construction company?
A good Scaled Net Operating Assets depends on the Construction 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 Adnex Group Bhd and its competitors. Adnex Group Bhd's current Scaled Net Operating Assets is 0.39. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Adnex Group Bhd stock overvalued right now?
Adnex Group Bhd (XKLS:0396) has a current Scaled Net Operating Assets of 0.39. The current Scaled Net Operating Assets is 0.39. Adnex Group Bhd's overall GF Score™ is 13/100 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 Adnex Group Bhd (XKLS:0396), the current Scaled Net Operating Assets is 0.39 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.

Adnex Group Bhd Business Description

Address No.1 Jalan Pengaturcara U1/51A, K03-13-3A, K03-13-05 & K03-13-06, Level 13, Tower 3, UOA Business Park, Shah Alam, SGR, MYS, 40150
Adnex Group Bhd is an investment holding company. Through its Subsidiaries, the company is principally involved in the provision of interior fit-out services, which involve the process of actualisation of designs in the interior space. It specialises in providing interior fit-out services for commercial and industrial properties, mainly for use as corporate offices, F&B outlets and sales galleries. The company's business segments include Interior fit-out works and Turnkey fit-out services. The majority of revenue is derived from the Interior fit-out works segment, which provides interior fit-out projects based on designs provided by customers. Geographically, it derives the maximum revenue from Malaysia.
13GF Score

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

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