BSL Bhd (XKLS:7221) Scaled Net Operating Assets: 0.16 (As of Mar. 2026)


What is BSL Bhd Scaled Net Operating Assets?

BSL Bhd XKLS:7221 Scaled Net Operating Assets is 0.16 as of Mar. 2026. 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.

BSL Bhd's operating assets for the quarter that ended in Mar. 2026 was RM100.56 Mil. BSL Bhd's operating liabilities for the quarter that ended in Mar. 2026 was RM64.14 Mil. BSL Bhd's Total Assets for the quarter that ended in Dec. 2025 was RM226.67 Mil. Therefore, BSL Bhd's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.16.

BSL Bhd Scaled Net Operating Assets Historical Data

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The historical data trend for BSL 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.

BSL Bhd Scaled Net Operating Assets Chart

BSL Bhd Annual Data
Trend Aug14 Aug15 Aug16 Aug17 Aug18 Aug19 Aug20 Aug21 Dec23 Dec24
Scaled Net Operating Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.68 0.69 0.73 0.56 0.35

BSL Bhd Quarterly Data
Feb21 May21 Aug21 Nov21 Feb22 May22 Nov22 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 0.36 0.00 0.00 0.35 0.16

XKLS:7221 vs CRS, ATI, MLI: Scaled Net Operating Assets Comparison

For the Metal Fabrication subindustry, BSL 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.

BSL Bhd Scaled Net Operating Assets vs Industrial Products Industry

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

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


BSL 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.

BSL 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 )
=(123.189-34.288)/255.337
=0.35

where

Operating Assets(A: Dec. 2024 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=239.994 - 116.805
=123.189

Operating Liabilities(A: Dec. 2024 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=52.169 - 1.575 - 16.306
=34.288

BSL 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 )
=(100.562-64.14)/226.671
=0.16

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=279.67 - 179.108
=100.562

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=81.037 - 7.393 - 9.504
=64.14

* 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 0.16 mean?
BSL Bhd (XKLS:7221) has a Scaled Net Operating Assets of 0.16 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 BSL Bhd and its competitors.
Is BSL Bhd's Scaled Net Operating Assets too high?
BSL Bhd's current Scaled Net Operating Assets is 0.16.
How does BSL Bhd's Scaled Net Operating Assets compare to CRS and ATI?
BSL Bhd's Scaled Net Operating Assets of 0.16 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 BSL Bhd and its competitors. BSL Bhd's current Scaled Net Operating Assets is 0.16. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is BSL Bhd stock overvalued right now?
Based on GuruFocus' analysis, BSL Bhd (XKLS:7221) is currently considered Significantly Overvalued. The stock's GF Value™ is RM0.01, compared to a current price of RM0.02 — trading 100% above its estimated fair value. The current Scaled Net Operating Assets is 0.16. 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 BSL Bhd (XKLS:7221), the current Scaled Net Operating Assets is 0.16 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.

BSL Bhd Business Description

Address Lot 4220, Persimpangan Jalan Batu Arang, Lebuhraya PLUS, Rawang, SGR, MYS, 48000
BSL Corp Bhd is a Malaysia-based investment holding company. Its segments include Investment holding; Precision stamping & tooling, which derives the majority of its revenue; PCB(Printed circuit board) & module assembly; Renewable energy; Investment holding and others. Its manufacturing services include Metal Stamping, PCB Assembly, CNC Machining, Welding, Roll forming, Forging, Secondary Processes, Toolmaking, and Warehousing & Logistics.