China Cinda Asset Management Co (FRA:0CI) Scaled Net Operating Assets : 0.60 (As of Dec. 2023)

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What is China Cinda Asset Management Co 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 Cinda Asset Management Co's operating assets for the quarter that ended in Dec. 2023 was €188,831 Mil. China Cinda Asset Management Co's operating liabilities for the quarter that ended in Dec. 2023 was €65,915 Mil. China Cinda Asset Management Co's Total Assets for the quarter that ended in Jun. 2023 was €205,445 Mil. Therefore, China Cinda Asset Management Co's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2023 was 0.60.

China Cinda Asset Management Co 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 Cinda Asset Management Co'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 )
=	(188831.277	-	65914.822)	/	218812.283
=	0.56

where

	Operating Assets		(A: Dec. 2023 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	204759.78	-	15928.503
=	188831.277

	Operating Liabilities		(A: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	176870.893	-	110956.071	-	0
=	65914.822

China Cinda Asset Management Co'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: Jun. 2023 )
=	(188831.277	-	65914.822)	/	205444.544
=	0.60

where

	Operating Assets		(Q: Dec. 2023 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	204759.78	-	15928.503
=	188831.277

	Operating Liabilities		(Q: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	176870.893	-	110956.071	-	0
=	65914.822

* 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 Cinda Asset Management Co (FRA:0CI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » China Cinda Asset Management Co Ltd (FRA:0CI) » Definitions » Scaled Net Operating Assets

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Traded in Other Exchanges

CCGDF:USA 01359:Hong Kong

Address

9 Naoshikou Street, No.1 Building, Xicheng District, Beijing, CHN, 100031

Website

https://www.cinda.com.cn

China Cinda Asset Management Co Ltd is an asset management firm with operations in mainland China and Hong Kong. Its parent company was founded with approval from the State Council, with the intent of instituting reforms of state-owned banks. Its principal business segments include primarily Distressed asset management and, secondarily, Financial services. The company has a wide presence throughout the Chinese provinces and operates a few Tier 1 entities. Most of its income is derived from the distressed asset management business segment that comprise debt asset management conducted with respect to distressed assets, DES Assets management, other distressed asset management, and entrusted operation businesses.