China Merchants Commercial�REIT (HKSE:01503) Scaled Net Operating Assets : 0.72 (As of Jun. 2023)

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What is China Merchants Commercial�REIT 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.

China Merchants Commercial�REIT's operating assets for the quarter that ended in Jun. 2023 was HK$10,330.8 Mil. China Merchants Commercial�REIT's operating liabilities for the quarter that ended in Jun. 2023 was HK$1,643.5 Mil. China Merchants Commercial�REIT's Total Assets for the quarter that ended in Dec. 2022 was HK$12,087.7 Mil. Therefore, China Merchants Commercial�REIT's scaled net operating assets (SNOA) for the quarter that ended in Jun. 2023 was 0.72.

China Merchants Commercial�REIT Scaled Net Operating Assets Historical Data

The historical data trend for China Merchants Commercial�REIT'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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China Merchants Commercial�REIT Scaled Net Operating Assets Chart

China Merchants Commercial�REIT Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Scaled Net Operating Assets

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0.57

0.72

0.79

0.83

0.71

China Merchants Commercial�REIT Semi-Annual Data
	Dec16	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Scaled Net Operating Assets	Get a 7-Day Free Trial									0.75	0.87	0.61	0.72	0.74

Competitive Comparison of China Merchants Commercial�REIT's Scaled Net Operating Assets

For the REIT - Office subindustry, China Merchants Commercial�REIT'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.

China Merchants Commercial�REIT's Scaled Net Operating Assets Distribution in the REITs Industry

For the REITs industry and Real Estate sector, China Merchants Commercial�REIT's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where China Merchants Commercial�REIT's Scaled Net Operating Assets falls into.

China Merchants Commercial�REIT 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.

China Merchants Commercial�REIT's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2022 is calculated as

	Scaled Net Operating Assets (SNOA)		(A: Dec. 2022 )
=	(Operating Assets (A: Dec. 2022 )	-	Operating Liabilities (A: Dec. 2022 ))	/	Total Assets (A: Dec. 2021 )
=	(10752.129	-	3042.436)	/	9261.828
=	0.83

where

	Operating Assets		(A: Dec. 2022 )
=	Total Assets	-	Cash, Cash Equivalents, Marketable Securities
=	12087.722	-	1335.593
=	10752.129

	Operating Liabilities		(A: Dec. 2022 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	7568.078	-	4525.642	-	0
=	3042.436

China Merchants Commercial�REIT's Scaled Net Operating Assets (SNOA) for the quarter that ended in Jun. 2023 is calculated as

	Scaled Net Operating Assets (SNOA)		(Q: Jun. 2023 )
=	(Operating Assets (Q: Jun. 2023 )	-	Operating Liabilities (Q: Jun. 2023 ))	/	Total Assets (Q: Dec. 2022 )
=	(10330.846	-	1643.472)	/	12087.722
=	0.72

where

	Operating Assets		(Q: Jun. 2023 )
=	Total Assets	-	Cash, Cash Equivalents, Marketable Securities
=	11601.59	-	1270.744
=	10330.846

	Operating Liabilities		(Q: Jun. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	6076.126	-	4432.654	-	0
=	1643.472

China Merchants Commercial�REIT Scaled Net Operating Assets Related Terms

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China Merchants Commercial�REIT (HKSE:01503) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » China Merchants Commercial�REIT (HKSE:01503) » Definitions » Scaled Net Operating Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

China Merchants Tower, Shun Tak Centre, Room 2603-2606, 26th Floor, Connaught Road Central, Hong Kong, HKG, 168-200

Website

https://www.cmcreit.com

China Merchants Commercial REIT and its subsidiaries are engaged in property investment. The operating business segments of the company are office buildings and shopping center. Its properties include New Times Plaza, Cyberport Building, Technology Building, Garden City Shopping Centre and Technology Building 2 among others.

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