Zhejiang Mustang Battery Co (SHSE:605378) Scaled Net Operating Assets : 0.34 (As of Mar. 2024)

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What is Zhejiang Mustang Battery 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.

Zhejiang Mustang Battery Co's operating assets for the quarter that ended in Mar. 2024 was ¥831 Mil. Zhejiang Mustang Battery Co's operating liabilities for the quarter that ended in Mar. 2024 was ¥298 Mil. Zhejiang Mustang Battery Co's Total Assets for the quarter that ended in Dec. 2023 was ¥1,567 Mil. Therefore, Zhejiang Mustang Battery Co's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2024 was 0.34.

Zhejiang Mustang Battery Co Scaled Net Operating Assets Historical Data

The historical data trend for Zhejiang Mustang Battery 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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Zhejiang Mustang Battery Co Scaled Net Operating Assets Chart

Zhejiang Mustang Battery Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Scaled Net Operating Assets

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0.42

0.41

0.44

0.28

0.32

Zhejiang Mustang Battery Co Quarterly Data
	Dec17	Dec18	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															0.30	0.30	0.33	0.30	0.34

Competitive Comparison of Zhejiang Mustang Battery Co's Scaled Net Operating Assets

For the Electrical Equipment & Parts subindustry, Zhejiang Mustang Battery 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.

Zhejiang Mustang Battery Co's Scaled Net Operating Assets Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Zhejiang Mustang Battery Co's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where Zhejiang Mustang Battery Co's Scaled Net Operating Assets falls into.

Zhejiang Mustang Battery 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.

Zhejiang Mustang Battery 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 )
=	(810.664	-	335.843)	/	1487.936
=	0.32

where

	Operating Assets		(A: Dec. 2023 )
=	Total Assets	-	Cash, Cash Equivalents, Marketable Securities
=	1567.299	-	756.635
=	810.664

	Operating Liabilities		(A: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	336.051	-	0.143	-	0.065
=	335.843

Zhejiang Mustang Battery 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 )
=	(831.37	-	297.783)	/	1567.299
=	0.34

where

	Operating Assets		(Q: Mar. 2024 )
=	Total Assets	-	Cash, Cash Equivalents, Marketable Securities
=	1554.207	-	722.837
=	831.37

	Operating Liabilities		(Q: Mar. 2024 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	297.968	-	0.121	-	0.064
=	297.783

Zhejiang Mustang Battery Co Scaled Net Operating Assets Related Terms

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Zhejiang Mustang Battery Co (SHSE:605378) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Zhejiang Mustang Battery Co Ltd (SHSE:605378) » Definitions » Scaled Net Operating Assets

Traded in Other Exchanges

N/A

Address

818 Rongji Road, Luotuo Street, Zhenhai District, Zhejiang Province, Ningbo, CHN, 315202

Website

http://www.mustangbattery.com

Zhejiang Mustang Battery Co Ltd is engaged in the research and development, production and sales of high-performance, environmentally friendly zinc-manganese batteries.

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