China Minsheng Banking (China Minsheng Banking) Scaled Net Operating Assets : 0.10 (As of Dec. 2023)

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What is China Minsheng Banking Scaled Net Operating Assets?

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

China Minsheng Banking's operating assets for the quarter that ended in Dec. 2023 was $973,902 Mil. China Minsheng Banking's operating liabilities for the quarter that ended in Dec. 2023 was $874,813 Mil. China Minsheng Banking's Total Assets for the quarter that ended in Sep. 2023 was $1,030,718 Mil. Therefore, China Minsheng Banking's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2023 was 0.10.

China Minsheng Banking 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.

China Minsheng Banking's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2023 is calculated as

	Scaled Net Operating Assets (SNOA)		(A: Dec. 2023 )
=	(Operating Assets (A: Dec. 2023 )	-	Operating Liabilities (A: Dec. 2023 ))	/	Total Assets (A: Dec. 2022 )
=	(973902.272	-	874813.171)	/	1040732.246
=	0.10

where

	Operating Assets		(A: Dec. 2023 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	1074894.961	-	100992.689
=	973902.272

	Operating Liabilities		(A: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	985569.592	-	110756.421	-	0
=	874813.171

China Minsheng Banking's Scaled Net Operating Assets (SNOA) for the quarter that ended in Dec. 2023 is calculated as

	Scaled Net Operating Assets (SNOA)		(Q: Dec. 2023 )
=	(Operating Assets (Q: Dec. 2023 )	-	Operating Liabilities (Q: Dec. 2023 ))	/	Total Assets (Q: Sep. 2023 )
=	(973902.272	-	874813.171)	/	1030718.015
=	0.10

where

	Operating Assets		(Q: Dec. 2023 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	1074894.961	-	100992.689
=	973902.272

	Operating Liabilities		(Q: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	985569.592	-	110756.421	-	0
=	874813.171

* 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.

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China Minsheng Banking (China Minsheng Banking) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » China Minsheng Banking Corp Ltd (OTCPK:CMAKY) » Definitions » Scaled Net Operating Assets

Traded in Other Exchanges

CGMBF:USA 01988:Hong Kong GHFH:Germany 600016:China

Address

No. 2, Fuxingmennei Avenue, Xicheng District, Beijing, CHN, 100031

Website

https://www.cmbc.com.cn

Founded in 1996, China Minsheng Banking Corp. is one of the first privately owned commercial banks in China, with headquarters in Beijing. Its shares listed on the Shanghai Exchange in 2000, and on the Hong Kong Exchange in 2009. It positions itself as a bank for non-state-owned enterprises, micro- and small enterprises, and high-end retail customers. CMBC has a diversified shareholding structure, with over 23,000 banking outlets in 125 cities in China.