Techbase Industries Bhd (XKLS:8966) Scaled Net Operating Assets: 0.59 (As of Jan. 2026)


What is Techbase Industries Bhd Scaled Net Operating Assets?

Techbase Industries Bhd XKLS:8966 Scaled Net Operating Assets is 0.59 as of Jan. 2026. The stock has 3 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.

Techbase Industries Bhd's operating assets for the quarter that ended in Jan. 2026 was RM252.4 Mil. Techbase Industries Bhd's operating liabilities for the quarter that ended in Jan. 2026 was RM24.9 Mil. Techbase Industries Bhd's Total Assets for the quarter that ended in Oct. 2025 was RM382.6 Mil. Therefore, Techbase Industries Bhd's scaled net operating assets (SNOA) for the quarter that ended in Jan. 2026 was 0.59.

Techbase Industries Bhd Scaled Net Operating Assets Historical Data

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The historical data trend for Techbase Industries 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.

Techbase Industries Bhd Scaled Net Operating Assets Chart

Techbase Industries 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 0.57 0.69 0.62 0.54 0.54

Techbase Industries Bhd Quarterly Data
Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Jan25 Apr25 Jul25 Oct25 Jan26
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 0.65 0.60 0.53 0.54 0.60

XKLS:8966 vs RL, LEVI, VFC: Scaled Net Operating Assets Comparison

For the Apparel Manufacturing subindustry, Techbase Industries 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.

Techbase Industries Bhd Scaled Net Operating Assets vs Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Techbase Industries Bhd's Scaled Net Operating Assets distribution charts can be found below:

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


Techbase Industries 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.

Techbase Industries 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 )
=(244.853-22.581)/411.262
=0.54

where

Operating Assets(A: Jul. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=409.469 - 164.616
=244.853

Operating Liabilities(A: Jul. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=66.383 - 20.611 - 23.191
=22.581

Techbase Industries Bhd's Scaled Net Operating Assets (SNOA) for the quarter that ended in Jan. 2026 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Jan. 2026 )
=(Operating Assets (Q: Jan. 2026 )-Operating Liabilities (Q: Jan. 2026 ))/Total Assets (Q: Oct. 2025 )
=(252.387-24.866)/382.561
=0.59

where

Operating Assets(Q: Jan. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=320.898 - 68.511
=252.387

Operating Liabilities(Q: Jan. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=66.41 - 17.207 - 24.337
=24.866

* 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 0.59 mean?
Techbase Industries Bhd (XKLS:8966) has a Scaled Net Operating Assets of 0.59 as of Jan. 2026. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Techbase Industries Bhd and its competitors.
Is Techbase Industries Bhd's Scaled Net Operating Assets too high?
Techbase Industries Bhd's current Scaled Net Operating Assets is 0.59.
How does Techbase Industries Bhd's Scaled Net Operating Assets compare to RL and LEVI?
Techbase Industries Bhd's Scaled Net Operating Assets of 0.59 can be compared against companies in the Manufacturing - Apparel & Accessories 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 Manufacturing - Apparel & Accessories company?
A good Scaled Net Operating Assets depends on the Manufacturing - Apparel & Accessories 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 Techbase Industries Bhd and its competitors. Techbase Industries Bhd's current Scaled Net Operating Assets is 0.59. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Techbase Industries Bhd stock overvalued right now?
Based on GuruFocus' analysis, Techbase Industries Bhd (XKLS:8966) is currently considered Possible Value Trap. The stock's GF Value™ is RM0.11, compared to a current price of RM0.06 — trading 45.5% below its estimated fair value. The current Scaled Net Operating Assets is 0.59. 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 Techbase Industries Bhd (XKLS:8966), the current Scaled Net Operating Assets is 0.59 as of Jan. 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.

Techbase Industries Bhd Business Description

Address PTD 94657, Batu 6, Jalan Mersing, Kluang, JHR, MYS, 86000
Techbase Industries Bhd is engaged in Apparel Manufacturing and the Textile industry. Its apparel section includes products such as outerwear, tops, and bottoms, children's and adult wear. The company has four reportable operating segments: Apparel, Textile, Advertising, and Others. The majority of revenue is earned from the apparel segment.