Shanxi Meineng Clean Energy Co (SZSE:001299) Scaled Net Operating Assets : 0.19 (As of Mar. 2024)

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What is Shanxi Meineng Clean Energy 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.

Shanxi Meineng Clean Energy Co's operating assets for the quarter that ended in Mar. 2024 was ¥702.8 Mil. Shanxi Meineng Clean Energy Co's operating liabilities for the quarter that ended in Mar. 2024 was ¥368.2 Mil. Shanxi Meineng Clean Energy Co's Total Assets for the quarter that ended in Dec. 2023 was ¥1,753.7 Mil. Therefore, Shanxi Meineng Clean Energy Co's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2024 was 0.19.

Shanxi Meineng Clean Energy Co Scaled Net Operating Assets Historical Data

The historical data trend for Shanxi Meineng Clean Energy 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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Shanxi Meineng Clean Energy Co Scaled Net Operating Assets Chart

Shanxi Meineng Clean Energy Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Scaled Net Operating Assets

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0.43

0.50

0.32

0.26

0.18

Shanxi Meineng Clean Energy Co Quarterly Data
	Dec16	Dec17	Dec18	Jun19	Dec19	Dec20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Scaled Net Operating Assets	Get a 7-Day Free Trial													0.21	0.22	0.18	0.17	0.19

Competitive Comparison of Shanxi Meineng Clean Energy Co's Scaled Net Operating Assets

For the Utilities - Regulated Gas subindustry, Shanxi Meineng Clean Energy 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.

Shanxi Meineng Clean Energy Co's Scaled Net Operating Assets Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Shanxi Meineng Clean Energy Co's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where Shanxi Meineng Clean Energy Co's Scaled Net Operating Assets falls into.

Shanxi Meineng Clean Energy 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.

Shanxi Meineng Clean Energy 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 )
=	(724.142	-	440.409)	/	1618.945
=	0.18

where

	Operating Assets		(A: Dec. 2023 )
=	Total Assets	-	Cash, Cash Equivalents, Marketable Securities
=	1753.659	-	1029.517
=	724.142

	Operating Liabilities		(A: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	441.232	-	0.405	-	0.418
=	440.409

Shanxi Meineng Clean Energy 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 )
=	(702.793	-	368.216)	/	1753.659
=	0.19

where

	Operating Assets		(Q: Mar. 2024 )
=	Total Assets	-	Cash, Cash Equivalents, Marketable Securities
=	1700.29	-	997.497
=	702.793

	Operating Liabilities		(Q: Mar. 2024 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	372.256	-	2.631	-	1.409
=	368.216

Shanxi Meineng Clean Energy Co Scaled Net Operating Assets Related Terms

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Shanxi Meineng Clean Energy Co (SZSE:001299) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Shanxi Meineng Clean Energy Co Ltd (SZSE:001299) » Definitions » Scaled Net Operating Assets

Traded in Other Exchanges

N/A

Address

No. 48 Keji Road, Room B1605, Pioneer Plaza, High-tech Zone, Shaanxi Province, Xi'an City, CHN, 710016

Website

http://www.meinenggas.com

Shanxi Meineng Clean Energy Co Ltd is an innovative and energetic professional gas operation enterprise. It is mainly engaged in investment in urban gas, compressed natural gas filling stations, LNG production plants and filling stations, coal-to-natural gas production plants, and gas pipelines; consulting in the gas industry, training and management.

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