Agricultural Bank of China (Agricultural Bank of China) Scaled Net Operating Assets : 0.03 (As of Mar. 2024)

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What is Agricultural Bank of China 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.

Agricultural Bank of China's operating assets for the quarter that ended in Mar. 2024 was $5,236,084 Mil. Agricultural Bank of China's operating liabilities for the quarter that ended in Mar. 2024 was $5,058,817 Mil. Agricultural Bank of China's Total Assets for the quarter that ended in Dec. 2023 was $5,584,296 Mil. Therefore, Agricultural Bank of China's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2024 was 0.03.

Agricultural Bank of China 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.

Agricultural Bank of China'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 )
=	(4943885.185	-	4803494.44)	/	4866171.522
=	0.03

where

	Operating Assets		(A: Dec. 2023 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	5584295.818	-	640410.633
=	4943885.185

	Operating Liabilities		(A: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	5178583.513	-	375089.073	-	0
=	4803494.44

Agricultural Bank of China'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 )
=	(5236083.871	-	5058817.468)	/	5584295.818
=	0.03

where

	Operating Assets		(Q: Mar. 2024 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	5853958.064	-	617874.193
=	5236083.871

	Operating Liabilities		(Q: Mar. 2024 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	5437486.079	-	378668.611	-	0
=	5058817.468

* 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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Agricultural Bank of China (Agricultural Bank of China) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Agricultural Bank of China Ltd (OTCPK:ACGBY) » Definitions » Scaled Net Operating Assets

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Traded in Other Exchanges

ACGBF:USA 01288:Hong Kong EK7:Germany 601288:China

Address

50 Connaught Road, 25th Floor, Agricultural Bank of China Tower, Central, Hong Kong, HKG

Website

https://www.abchina.com

As one of the big four banks, ABC is headquartered in Beijing. The bank evolved from a state-owned specialized bank to a state-controlled commercial bank. It listed on the Hong Kong and Shanghai Stock Exchanges in 2010. ABC operates more than 20,000-branch network in China, providing corporate and retail banking products and services, and carries out treasury operations for its own accounts or for its customers. Shareholders Central Huijin, China's state-owned investment company, and the Ministry of Finance own 37.15% and 32.47%, respectively. Corporate banking, retail banking, and wholesale banking accounted for 41%, 53%, and 6% of total revenue in the first half of 2023, respectively. Rural banking and urban banking contributed 49% and 51% of total revenue during the same period.