PICC Property and Casualty Co (PICC Property and Casualty Co) Scaled Net Operating Assets : N/A (As of Dec. 2023)

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What is PICC Property and Casualty 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.

PICC Property and Casualty Co's operating assets for the quarter that ended in Dec. 2023 was $71,595 Mil. PICC Property and Casualty Co's operating liabilities for the quarter that ended in Dec. 2023 was $64,373 Mil. PICC Property and Casualty Co's Total Assets for the quarter that ended in Sep. 2023 was $0 Mil. Therefore, PICC Property and Casualty Co's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2023 was N/A.

PICC Property and Casualty 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.

PICC Property and Casualty 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 )
=	(96824.038	-	64373.267)	/	96455.958
=	0.34

where

	Operating Assets		(A: Dec. 2023 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	98543.878	-	1719.84
=	96824.038

	Operating Liabilities		(A: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	65729.111	-	1355.844	-	0
=	64373.267

PICC Property and Casualty 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: Sep. 2023 )
=	(71594.773	-	64373.267)	/	0
=	N/A

where

	Operating Assets		(Q: Dec. 2023 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	98543.878	-	26949.105
=	71594.773

	Operating Liabilities		(Q: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	65729.111	-	1355.844	-	0
=	64373.267

* 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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PICC Property and Casualty Co (PICC Property and Casualty Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » PICC Property and Casualty Co Ltd (OTCPK:PPCCY) » Definitions » Scaled Net Operating Assets

Comparable Companies

Traded in Other Exchanges

PPCCF:USA 02328:Hong Kong PJC:Germany

Address

Tower 2, No. 2 Jianguomenwai Avenue, Chaoyang District, Beijing, CHN, 100022

Website

https://property.picc.com

Headquartered in Beijing, PICC P&C is China's largest nonlife insurer, commanding over 33% market share in the country. It was founded by the People's Bank of China in 1949. The company is a flagship subsidiary of the PICC Group, a state-owned insurance group, which owns 69% of PICC P&C. The company offers a wide range of nonlife insurance products, including auto, commercial property, liability, credit and surety bond, accidents and health, energy and aerospace, and agricultural insurance.