V.S Industry Bhd (XKLS:6963) Scaled Net Operating Assets: 0.56 (As of Apr. 2026)


XKLS:6963 V.S Industry Bhd XKLS:6963
47 GF Score
Price RM0.20
GF Value RM0.70
Valuation Possible Value Trap
! 6 Warning Signs
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What is V.S Industry Bhd Scaled Net Operating Assets?

V.S Industry Bhd XKLS:6963 +2.56% 47 Scaled Net Operating Assets is 0.56 as of Apr. 2026. GuruFocus rates XKLS:6963 with a GF Score™ of 47/100 and a GF Value™ of RM0.70 (Possible Value Trap). The stock has 6 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.

V.S Industry Bhd's operating assets for the quarter that ended in Apr. 2026 was RM2,669 Mil. V.S Industry Bhd's operating liabilities for the quarter that ended in Apr. 2026 was RM776 Mil. V.S Industry Bhd's Total Assets for the quarter that ended in Jan. 2026 was RM3,380 Mil. Therefore, V.S Industry Bhd's scaled net operating assets (SNOA) for the quarter that ended in Apr. 2026 was 0.56.


V.S Industry Bhd Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for V.S Industry 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.

V.S Industry Bhd Scaled Net Operating Assets Chart

V.S Industry Bhd Annual Data
Trend Jul16 Jul17 Jul18 Jul19 Jul20 Jul21 Jul22 Jul23 Jul24 Jul25
Scaled Net Operating Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.80 0.72 0.65 0.61 0.53

V.S Industry Bhd Quarterly Data
Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Jan25 Apr25 Jul25 Oct25 Jan26 Apr26
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 0.62 0.57 0.55 0.54 0.56

XKLS:6963 vs APH, GLW: Scaled Net Operating Assets Comparison

For the Electronic Components subindustry, V.S Industry 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.


V.S Industry Bhd Scaled Net Operating Assets vs Hardware Industry

For the Hardware industry and Technology sector, V.S Industry Bhd's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where V.S Industry Bhd's Scaled Net Operating Assets falls into.


XKLS:6963
47GF Score
V.S Industry Bhd XKLS:6963
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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V.S Industry 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.

V.S Industry Bhd's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Jul. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(A: Jul. 2025 )
=(Operating Assets (A: Jul. 2025 )-Operating Liabilities (A: Jul. 2025 ))/Total Assets (A: Jul. 2024 )
=(2880.17-736.858)/4077.751
=0.53

where

Operating Assets(A: Jul. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=3725.545 - 845.375
=2880.17

Operating Liabilities(A: Jul. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1574.133 - 382.72 - 454.555
=736.858

V.S Industry Bhd's Scaled Net Operating Assets (SNOA) for the quarter that ended in Apr. 2026 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Apr. 2026 )
=(Operating Assets (Q: Apr. 2026 )-Operating Liabilities (Q: Apr. 2026 ))/Total Assets (Q: Jan. 2026 )
=(2669.313-775.514)/3379.744
=0.56

where

Operating Assets(Q: Apr. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=3375.753 - 706.44
=2669.313

Operating Liabilities(Q: Apr. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1334.547 - 361.475 - 197.558
=775.514

* 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 0.56 mean?
V.S Industry Bhd (XKLS:6963) has a Scaled Net Operating Assets of 0.56 as of Apr. 2026. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on V.S Industry Bhd and its competitors.
Is V.S Industry Bhd's Scaled Net Operating Assets too high?
V.S Industry Bhd's current Scaled Net Operating Assets is 0.56. Overall, V.S Industry Bhd has a GF Score™ of 47/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does V.S Industry Bhd's Scaled Net Operating Assets compare to APH and GLW?
V.S Industry Bhd's Scaled Net Operating Assets of 0.56 can be compared against companies in the Hardware 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 Hardware company?
A good Scaled Net Operating Assets depends on the Hardware 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 V.S Industry Bhd and its competitors. V.S Industry Bhd's current Scaled Net Operating Assets is 0.56. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is V.S Industry Bhd stock overvalued right now?
Based on GuruFocus' analysis, V.S Industry Bhd (XKLS:6963) is currently considered Possible Value Trap. The stock's GF Value™ is RM0.70, compared to a current price of RM0.20 — trading 71.4% below its estimated fair value. The current Scaled Net Operating Assets is 0.56. V.S Industry Bhd's overall GF Score™ is 47/100 with 6 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 V.S Industry Bhd (XKLS:6963), the current Scaled Net Operating Assets is 0.56 as of Apr. 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 V.S Industry Bhd (XKLS:6963) Overvalued in 2026?

Based on GuruFocus' analysis, V.S Industry Bhd stock appears to be undervalued. The current stock price of RM0.20 is trading 71.4% below its estimated GF Value™ of RM0.70. GuruFocus considers V.S Industry Bhd to be Possible Value Trap.

Key valuation signals for XKLS:6963:

  • Scaled Net Operating Assets: 0.56
  • GF Value™: RM0.70 vs. price of RM0.20 (71.4% below fair value)
  • GF Score™: 47/100 with 6 warning signs

No single metric tells the full story. See the XKLS:6963 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


V.S Industry Bhd Business Description

Address No. 88 Jalan I-Park SAC 5, Taman Perindustrian I-Park SAC, Senai, JHR, MYS, 81400
V.S Industry Bhd is engaged in the manufacturing, assembling and sale of electronic and electrical products and plastic moulded components and parts, and operates as an Electronics Manufacturing Services (EMS) provider. Its manufacturing services include plastic injection mould design and moulding, printed circuit board production, automated assembly, and packaging and logistics. The Group operates in two segments: Malaysia, covering manufacturing, assembling and sales based in Malaysia with branches in Singapore and the Philippines; and Indonesia, involving assembly, sales and injection moulding activities. Geographically, the Group derives a majority of its revenue from Malaysia and also has a presence in the United States of America, Europe, Singapore, the PRC, and other regions.
47GF Score

Get the complete analysis for XKLS:6963

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

RM0.20
Price
RM0.70
GF Value