Tsingtao Brewery Co (SHSE:600600) Scaled Net Operating Assets : 0.14 (As of Dec. 2023)

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What is Tsingtao Brewery 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.

Tsingtao Brewery Co's operating assets for the quarter that ended in Dec. 2023 was ¥28,050 Mil. Tsingtao Brewery Co's operating liabilities for the quarter that ended in Dec. 2023 was ¥20,888 Mil. Tsingtao Brewery Co's Total Assets for the quarter that ended in Sep. 2023 was ¥49,751 Mil. Therefore, Tsingtao Brewery Co's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2023 was 0.14.

Tsingtao Brewery Co Scaled Net Operating Assets Historical Data

The historical data trend for Tsingtao Brewery 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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Tsingtao Brewery Co Scaled Net Operating Assets Chart

Tsingtao Brewery Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Scaled Net Operating Assets

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0.10

0.05

0.16

0.13

0.14

Tsingtao Brewery Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Scaled Net Operating Assets	Get a 7-Day Free Trial															0.12	0.11	0.03	0.13	0.14

Competitive Comparison of Tsingtao Brewery Co's Scaled Net Operating Assets

For the Beverages - Brewers subindustry, Tsingtao Brewery 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.

Tsingtao Brewery Co's Scaled Net Operating Assets Distribution in the Beverages - Alcoholic Industry

For the Beverages - Alcoholic industry and Consumer Defensive sector, Tsingtao Brewery Co's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where Tsingtao Brewery Co's Scaled Net Operating Assets falls into.

Tsingtao Brewery 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.

Tsingtao Brewery 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 )
=	(28049.828	-	20887.621)	/	50311.7
=	0.14

where

	Operating Assets		(A: Dec. 2023 )
=	Total Assets	-	Cash, Cash Equivalents, Marketable Securities
=	49256.011	-	21206.183
=	28049.828

	Operating Liabilities		(A: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	21001.264	-	63.393	-	50.25
=	20887.621

Tsingtao Brewery Co'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 )
=	(28049.828	-	20887.621)	/	49750.53
=	0.14

where

	Operating Assets		(Q: Dec. 2023 )
=	Total Assets	-	Cash, Cash Equivalents, Marketable Securities
=	49256.011	-	21206.183
=	28049.828

	Operating Liabilities		(Q: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	21001.264	-	63.393	-	50.25
=	20887.621

Tsingtao Brewery Co Scaled Net Operating Assets Related Terms

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Tsingtao Brewery Co (SHSE:600600) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » Tsingtao Brewery Co Ltd (SHSE:600600) » Definitions » Scaled Net Operating Assets

Traded in Other Exchanges

TSGTY:USA TSGTF:USA 00168:Hong Kong TSI:Germany

Address

No. 35, Donghai West Road, Tsingtao Beer Tower, Shandong Province, Qingdao, CHN, 266071

Website

https://www.tsingtao.com

With over 100 years of history, Tsingtao Brewery has become one of the leading brewers in China with its namesake Tsingtao brand. The company has a dominant position in its core market, Shandong province, which contributed over 60% of its revenue and net profit in 2022. Unlike other major brewers, Tsingtao Brewery's brand umbrellas consist entirely of domestic brands. The Tsingtao brand has a mid-range to high-end market positioning and contributed over half of its volume whereas the mass market Laoshan brand targets the mainstream segment, with a declining volume mix as the company sought to premiumize its portfolio in recent years.

Tsingtao Brewery Co (SHSE:600600) Headlines

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