Shanghai Ace Investment & Development Co (SHSE:603329) Scaled Net Operating Assets : 0.68 (As of Mar. 2024)

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What is Shanghai Ace Investment & Development 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.

Shanghai Ace Investment & Development Co's operating assets for the quarter that ended in Mar. 2024 was ¥2,006 Mil. Shanghai Ace Investment & Development Co's operating liabilities for the quarter that ended in Mar. 2024 was ¥443 Mil. Shanghai Ace Investment & Development Co's Total Assets for the quarter that ended in Dec. 2023 was ¥2,293 Mil. Therefore, Shanghai Ace Investment & Development Co's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2024 was 0.68.

Shanghai Ace Investment & Development Co Scaled Net Operating Assets Historical Data

The historical data trend for Shanghai Ace Investment & Development Co'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.

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Shanghai Ace Investment & Development Co Scaled Net Operating Assets Chart

Shanghai Ace Investment & Development Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Scaled Net Operating Assets

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0.33

0.74

0.79

0.65

0.64

Shanghai Ace Investment & Development Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Scaled Net Operating Assets	Get a 7-Day Free Trial															0.70	0.70	0.71	0.61	0.68

Competitive Comparison of Shanghai Ace Investment & Development Co's Scaled Net Operating Assets

For the Marine Shipping subindustry, Shanghai Ace Investment & Development Co'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.

Shanghai Ace Investment & Development Co's Scaled Net Operating Assets Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Shanghai Ace Investment & Development Co's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where Shanghai Ace Investment & Development Co's Scaled Net Operating Assets falls into.

Shanghai Ace Investment & Development 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.

Shanghai Ace Investment & Development 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 )
=	(1826.381	-	455.143)	/	2142.659
=	0.64

where

	Operating Assets		(A: Dec. 2023 )
=	Total Assets	-	Cash, Cash Equivalents, Marketable Securities
=	2293.33	-	466.949
=	1826.381

	Operating Liabilities		(A: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	1017.943	-	453.919	-	108.881
=	455.143

Shanghai Ace Investment & Development Co's Scaled Net Operating Assets (SNOA) for the quarter that ended in Mar. 2024 is calculated as

	Scaled Net Operating Assets (SNOA)		(Q: Mar. 2024 )
=	(Operating Assets (Q: Mar. 2024 )	-	Operating Liabilities (Q: Mar. 2024 ))	/	Total Assets (Q: Dec. 2023 )
=	(2005.989	-	442.82)	/	2293.33
=	0.68

where

	Operating Assets		(Q: Mar. 2024 )
=	Total Assets	-	Cash, Cash Equivalents, Marketable Securities
=	2293.187	-	287.198
=	2005.989

	Operating Liabilities		(Q: Mar. 2024 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	1015.136	-	468.714	-	103.602
=	442.82

Shanghai Ace Investment & Development Co Scaled Net Operating Assets Related Terms

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Shanghai Ace Investment & Development Co (SHSE:603329) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Shanghai Ace Investment & Development Co Ltd (SHSE:603329) » Definitions » Scaled Net Operating Assets

Traded in Other Exchanges

N/A

Address

855 South Pudong Road, Room H, 33rd Floor, World Plaza, Shanghai, CHN, 200120

Website

http://www.aceonline.cn

Shanghai Ace Investment & Development Co Ltd is a logistics services provider in China. The company's main business is supply chain logistics and supply chain executive trading business. It offers multimodal transport of railways, highways, and waterways; third-party logistics services; bonded warehousing; loading and unloading operations; and warehousing and logistics supervision services.

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