Ping An Insurance (Group) Co. of China (HKSE:02318) Scaled Net Operating Assets

: 0.17 (As of Dec. 2023)

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Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Ping An Insurance (Group) Co. of China's operating assets for the quarter that ended in Dec. 2023 was HK$11,796,950 Mil. Ping An Insurance (Group) Co. of China's operating liabilities for the quarter that ended in Dec. 2023 was HK$9,697,820 Mil. Ping An Insurance (Group) Co. of China's Total Assets for the quarter that ended in Sep. 2023 was HK$12,299,408 Mil. Therefore, Ping An Insurance (Group) Co. of China's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2023 was 0.17.

Ping An Insurance (Group) Co. 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.

Ping An Insurance (Group) Co. 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 )
=	(11796949.984	-	9697819.861)	/	12294962.043
=	0.17

where

	Operating Assets		(A: Dec. 2023 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	12669696.939	-	872746.955
=	11796949.984

	Operating Liabilities		(A: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	11325482.065	-	1525588.571	-	102073.633
=	9697819.861

Ping An Insurance (Group) Co. of China's Scaled Net Operating Assets (SNOA) for the quarter that ended in Dec. 2023 is calculated as

	Scaled Net Operating Assets (SNOA)		(Q: Dec. 2023 )
=	(Operating Assets (Q: Dec. 2023 )	-	Operating Liabilities (Q: Dec. 2023 ))	/	Total Assets (Q: Sep. 2023 )
=	(11796949.984	-	9697819.861)	/	12299408.172
=	0.17

where

	Operating Assets		(Q: Dec. 2023 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	12669696.939	-	872746.955
=	11796949.984

	Operating Liabilities		(Q: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	11325482.065	-	1525588.571	-	102073.633
=	9697819.861

* 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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Ping An Insurance (Group) Co. of China (HKSE:02318) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Ping An Insurance (Group) Co. of China Ltd (HKSE:02318) » Definitions » Scaled Net Operating Assets

Comparable Companies

Traded in Other Exchanges

PNGAY:USA PIAIF:USA PZX:Germany 601318:China PZX:Austria

Address

No. 5033 Yitian Road, Ping An Finance Center, 47th, 48th, 109th, 110th, 111th and 112th Floors, Futian District, Guangdong Province, Shenzhen, CHN, 518033

Website

https://www.pingan.cn

Founded in 1988, Ping An Insurance is an integrated financial service provider headquartered in Shenzhen. The company has a focus on the offerings of healthcare services and integrated financial products. Ping An is China's second-largest life and P&C insurer. The company strives for an integrated financial services platform comprising life insurance, P&C insurance, banking, other financial services, and technology. These business segments contributed 65%, 5%, 26%, 2%, and 4% of the company's operating profits, respectively, in 2022.