ZTE (SZSE:000063) Scaled Net Operating Assets : 0.25 (As of Mar. 2024)

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What is ZTE 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.

ZTE's operating assets for the quarter that ended in Mar. 2024 was ¥121,487 Mil. ZTE's operating liabilities for the quarter that ended in Mar. 2024 was ¥71,463 Mil. ZTE's Total Assets for the quarter that ended in Dec. 2023 was ¥200,958 Mil. Therefore, ZTE's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2024 was 0.25.

ZTE Scaled Net Operating Assets Historical Data

The historical data trend for ZTE'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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ZTE Scaled Net Operating Assets Chart

ZTE Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Scaled Net Operating Assets

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0.33

0.32

0.28

0.29

0.27

ZTE Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Scaled Net Operating Assets	Get a 7-Day Free Trial															0.27	0.29	0.29	0.26	0.25

Competitive Comparison of ZTE's Scaled Net Operating Assets

For the Communication Equipment subindustry, ZTE'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.

ZTE's Scaled Net Operating Assets Distribution in the Hardware Industry

For the Hardware industry and Technology sector, ZTE's Scaled Net Operating Assets distribution charts can be found below:

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

ZTE 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.

ZTE'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 )
=	(122261.814	-	73515.511)	/	180953.574
=	0.27

where

	Operating Assets		(A: Dec. 2023 )
=	Total Assets	-	Cash, Cash Equivalents, Marketable Securities
=	200958.318	-	78696.504
=	122261.814

	Operating Liabilities		(A: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	132626.873	-	43536.516	-	15574.846
=	73515.511

ZTE'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 )
=	(121486.834	-	71463.211)	/	200958.318
=	0.25

where

	Operating Assets		(Q: Mar. 2024 )
=	Total Assets	-	Cash, Cash Equivalents, Marketable Securities
=	208466.634	-	86979.8
=	121486.834

	Operating Liabilities		(Q: Mar. 2024 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	137217.281	-	46013.247	-	19740.823
=	71463.211

ZTE Scaled Net Operating Assets Related Terms

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ZTE (SZSE:000063) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » ZTE Corp (SZSE:000063) » Definitions » Scaled Net Operating Assets

Comparable Companies

Traded in Other Exchanges

ZTCOF:USA 00763:Hong Kong FZM:Germany

Address

ZTE Plaza, Keji Road South, Hi-Tech Industrial Park, Nanshan District, Guangdong Province, Shenzhen, CHN, 518057

Website

https://www.zte.com.cn

ZTE Corp offers a suite of telecommunications and information technology equipment to carriers, businesses, and the public sector. The firm's product portfolio covers wireless networks, core networks, fixed access, terminals, and other telecom verticals. ZTE generates a majority of its revenue from equipment supporting carriers' networks, but also provides handset terminals and telecom software systems. PRC region accounts for a majority of the firm's revenue, but ZTE also has a presence in Asia, Africa, Europe and the Americas.

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