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OKE Precision Cutting Tools Co (SHSE:688308) Scaled Net Operating Assets : 0.60 (As of Mar. 2024)


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What is OKE Precision Cutting Tools 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.

OKE Precision Cutting Tools Co's operating assets for the quarter that ended in Mar. 2024 was ¥2,874 Mil. OKE Precision Cutting Tools Co's operating liabilities for the quarter that ended in Mar. 2024 was ¥561 Mil. OKE Precision Cutting Tools Co's Total Assets for the quarter that ended in Dec. 2023 was ¥3,880 Mil. Therefore, OKE Precision Cutting Tools Co's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2024 was 0.60.


OKE Precision Cutting Tools Co Scaled Net Operating Assets Historical Data

The historical data trend for OKE Precision Cutting Tools 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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OKE Precision Cutting Tools Co Scaled Net Operating Assets Chart

OKE Precision Cutting Tools Co Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Scaled Net Operating Assets
Get a 7-Day Free Trial 0.62 0.67 0.65 0.76 0.65

OKE Precision Cutting Tools 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.53 0.54 0.58 0.56 0.60

Competitive Comparison of OKE Precision Cutting Tools Co's Scaled Net Operating Assets

For the Tools & Accessories subindustry, OKE Precision Cutting Tools 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.


OKE Precision Cutting Tools Co's Scaled Net Operating Assets Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, OKE Precision Cutting Tools Co's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where OKE Precision Cutting Tools Co's Scaled Net Operating Assets falls into.



OKE Precision Cutting Tools 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.

OKE Precision Cutting Tools 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 )
=(2715.497-651.811)/3172.547
=0.65

where

Operating Assets(A: Dec. 2023 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=3880.235 - 1164.738
=2715.497

Operating Liabilities(A: Dec. 2023 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1316.844 - 0 - 665.033
=651.811

OKE Precision Cutting Tools 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 )
=(2874.058-560.882)/3880.235
=0.60

where

Operating Assets(Q: Mar. 2024 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=3982.948 - 1108.89
=2874.058

Operating Liabilities(Q: Mar. 2024 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1396.942 - 78 - 758.06
=560.882

* 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.


OKE Precision Cutting Tools Co Scaled Net Operating Assets Related Terms

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OKE Precision Cutting Tools Co (SHSE:688308) Business Description

Traded in Other Exchanges
N/A
Address
No.8, Chuangye 4th Road, Small and Medium Enterprise Pioneer Park, Hunan Province. Lusong District, Yanling County, Zhuzhou, CHN, 412500
OKE Precision Cutting Tools Co Ltd is involved in the research and development, production and sales of cemented carbide products and CNC tool products. It offers CNC tool, carbide serrated blade, carbide disc and other cemented and carbide products.
Executives
Tan Wen Qing Director
Su Zhen Hua Director
Liang Bao Yu Director
Han Hong Tao Director
Yuan Mei He Director

OKE Precision Cutting Tools Co (SHSE:688308) Headlines

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