China Taiping Insurance Holdings Co (HKSE:00966) Scaled Net Operating Assets : -0.31 (As of Dec. 2023)

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What is China Taiping Insurance Holdings 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 Taiping Insurance Holdings Co's operating assets for the quarter that ended in Dec. 2023 was HK$828,845 Mil. China Taiping Insurance Holdings Co's operating liabilities for the quarter that ended in Dec. 2023 was HK$1,275,472 Mil. China Taiping Insurance Holdings Co's Total Assets for the quarter that ended in Jun. 2023 was HK$1,422,989 Mil. Therefore, China Taiping Insurance Holdings Co's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2023 was -0.31.

China Taiping Insurance Holdings 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 Taiping Insurance Holdings 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 )
=	(1466943.086	-	1275471.59)	/	1321590.064
=	0.14

where

	Operating Assets		(A: Dec. 2023 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	1509497.488	-	42554.402
=	1466943.086

	Operating Liabilities		(A: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	1376901.834	-	55597.057	-	45833.187
=	1275471.59

China Taiping Insurance Holdings 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 )
=	(828845.079	-	1275471.59)	/	1422988.843
=	-0.31

where

	Operating Assets		(Q: Dec. 2023 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	1509497.488	-	680652.409
=	828845.079

	Operating Liabilities		(Q: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	1376901.834	-	55597.057	-	45833.187
=	1275471.59

* 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 Taiping Insurance Holdings Co (HKSE:00966) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » China Taiping Insurance Holdings Co Ltd (HKSE:00966) » Definitions » Scaled Net Operating Assets

Comparable Companies

Traded in Other Exchanges

HIUC:Germany

Address

18 King Wah Road, 25th Floor, North Point, Hong Kong, HKG

Website

https://www.ctih.cntaiping.com

China Taiping Insurance Holdings Co Ltd is a holding company, which through its subsidiaries, sells insurance products and offers a variety of investment management services. The company sells life, property and casualty, reinsurance, and pension insurance products. The firm also operates asset management and real estate management services. The majority of China Taiping Insurance's income is derived from life insurance, with the People's Republic of China contributing the largest portion of company revenue. The Group consists of business segments: the life insurance business, property and casualty insurance business, Pension and group life insurance business, reinsurance business and Others. Majority of revenue is generated from the life insurance business.

Executives

Zhong Guo Tai Ping Bao Xian Ji Tuan You Xian Ze Ren Gong Si

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