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HSBC China Dragon Fund (HKSE:820) Scaled Net Operating Assets : 0.86 (As of Sep. 2023)


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What is HSBC China Dragon Fund 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.

HSBC China Dragon Fund's operating assets for the quarter that ended in Sep. 2023 was HK$465.97 Mil. HSBC China Dragon Fund's operating liabilities for the quarter that ended in Sep. 2023 was HK$2.97 Mil. HSBC China Dragon Fund's Total Assets for the quarter that ended in Mar. 2023 was HK$535.97 Mil. Therefore, HSBC China Dragon Fund's scaled net operating assets (SNOA) for the quarter that ended in Sep. 2023 was 0.86.

HSBC China Dragon Fund 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.

HSBC China Dragon Fund's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Mar. 2023 is calculated as

Scaled Net Operating Assets (SNOA)(A: Mar. 2023 )
=(Operating Assets (A: Mar. 2023 )-Operating Liabilities (A: Mar. 2023 ))/Total Assets (A: Mar. 2022 )
=(533.943-6.578)/677.126
=0.78

where

Operating Assets(A: Mar. 2023 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=535.968 - 2.025
=533.943

Operating Liabilities(A: Mar. 2023 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=6.578 - 0 - 0
=6.578

HSBC China Dragon Fund's Scaled Net Operating Assets (SNOA) for the quarter that ended in Sep. 2023 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Sep. 2023 )
=(Operating Assets (Q: Sep. 2023 )-Operating Liabilities (Q: Sep. 2023 ))/Total Assets (Q: Mar. 2023 )
=(465.972-2.973)/535.968
=0.86

where

Operating Assets(Q: Sep. 2023 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=466.7 - 0.728
=465.972

Operating Liabilities(Q: Sep. 2023 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=3.163 - 0.19 - 0
=2.973

* 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.

HSBC China Dragon Fund Scaled Net Operating Assets Related Terms

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HSBC China Dragon Fund (HKSE:820) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » HSBC China Dragon Fund (HKSE:820) » Definitions » Scaled Net Operating Assets
Comparable Companies
HKSE:01328 HKSE:01835 HKSE:00214 HKSE:00721 HKSE:00204 HKSE:00913 HKSE:00245 HKSE:00993 HKSE:1062 HKSE:00174 BLK BX OSTO:INVE A TSX:BN KKR APO BK AMP XSWX:PGHN LSE:III
Traded in Other Exchanges
N/A
Address
1 Queen's Road Central, Level 22, HSBC Main Building, Hong Kong, HKG
Website
https://www.assetmanagement.hsbc.com.hk
HSBC China Dragon Fund is an asset management company. The firm's investment objective is to achieve long-term capital growth by investing in listed companies.
Executives
Metage Capital Limited 2102 Investment manager
Lazard Asset Management Llc 2102 Investment manager