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SORL Auto Parts (SORL Auto Parts) Scaled Net Operating Assets : 0.56 (As of Sep. 2019)


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What is SORL Auto Parts 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.

SORL Auto Parts's operating assets for the quarter that ended in Sep. 2019 was $686.1 Mil. SORL Auto Parts's operating liabilities for the quarter that ended in Sep. 2019 was $254.1 Mil. SORL Auto Parts's Total Assets for the quarter that ended in Jun. 2019 was $773.1 Mil. Therefore, SORL Auto Parts's scaled net operating assets (SNOA) for the quarter that ended in Sep. 2019 was 0.56.


SORL Auto Parts Scaled Net Operating Assets Historical Data

The historical data trend for SORL Auto Parts'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.

* Premium members only.

SORL Auto Parts Scaled Net Operating Assets Chart

SORL Auto Parts Annual Data
Trend Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18
Scaled Net Operating Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.75 0.55 0.57 1.27 0.66

SORL Auto Parts Quarterly Data
Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19
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 0.49 0.55 0.57 0.59 0.56

Competitive Comparison of SORL Auto Parts's Scaled Net Operating Assets

For the Auto Parts subindustry, SORL Auto Parts'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.


SORL Auto Parts's Scaled Net Operating Assets Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, SORL Auto Parts's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where SORL Auto Parts's Scaled Net Operating Assets falls into.



SORL Auto Parts 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.

SORL Auto Parts's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2018 is calculated as

Scaled Net Operating Assets (SNOA)(A: Dec. 2018 )
=(Operating Assets (A: Dec. 2018 )-Operating Liabilities (A: Dec. 2018 ))/Total Assets (A: Dec. 2017 )
=(720.784-335.391)/582.316
=0.66

where

Operating Assets(A: Dec. 2018 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=794.372 - 73.588
=720.784

Operating Liabilities(A: Dec. 2018 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=588.902 - 14.429 - 239.082
=335.391

SORL Auto Parts's Scaled Net Operating Assets (SNOA) for the quarter that ended in Sep. 2019 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Sep. 2019 )
=(Operating Assets (Q: Sep. 2019 )-Operating Liabilities (Q: Sep. 2019 ))/Total Assets (Q: Jun. 2019 )
=(686.067-254.084)/773.073
=0.56

where

Operating Assets(Q: Sep. 2019 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=702.552 - 16.485
=686.067

Operating Liabilities(Q: Sep. 2019 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=483.291 - 5.259 - 223.948
=254.084

* 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.


SORL Auto Parts Scaled Net Operating Assets Related Terms

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SORL Auto Parts (SORL Auto Parts) Business Description

Traded in Other Exchanges
N/A
Address
NO. 2666 KaiFaqu Avenue, Ruili Industry Area, Zhejiang Province, Ruian City, CHN, 325200
SORL Auto Parts Inc develops, manufactures and distributes automotive brake systems and other key safety-related auto parts to automotive original equipment manufacturers, and the related aftermarket both in China and internationally. The company is organized into two principal operating division: Commercial Vehicles Brake Systems and Passenger Vehicles Brake Systems. Its key products are air brake system, tubes and fittings, ABS and diagnosis, power steering pumps, electrical and railway parts, and new energy parts. The company's products are principally used in different types of commercial vehicles, such as trucks and buses. Most of the firm's revenue gets generated through Commercial Vehicles Brake Systems segment.
Executives
Kevin R Keating director, officer: President 190 LAKEVIEW WAY, VERO BEACH FL 32963

SORL Auto Parts (SORL Auto Parts) Headlines