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Luoyang Xinqianglian Slewing Bearing Co (SZSE:300850) Scaled Net Operating Assets : 0.76 (As of Dec. 2023)


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What is Luoyang Xinqianglian Slewing Bearing 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.

Luoyang Xinqianglian Slewing Bearing Co's operating assets for the quarter that ended in Dec. 2023 was ¥8,577 Mil. Luoyang Xinqianglian Slewing Bearing Co's operating liabilities for the quarter that ended in Dec. 2023 was ¥1,224 Mil. Luoyang Xinqianglian Slewing Bearing Co's Total Assets for the quarter that ended in Sep. 2023 was ¥9,638 Mil. Therefore, Luoyang Xinqianglian Slewing Bearing Co's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2023 was 0.76.


Luoyang Xinqianglian Slewing Bearing Co Scaled Net Operating Assets Historical Data

The historical data trend for Luoyang Xinqianglian Slewing Bearing 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.

* Premium members only.

Luoyang Xinqianglian Slewing Bearing Co Scaled Net Operating Assets Chart

Luoyang Xinqianglian Slewing Bearing Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Scaled Net Operating Assets
Get a 7-Day Free Trial 0.90 0.48 0.67 0.76 0.80

Luoyang Xinqianglian Slewing Bearing 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.60 0.56 0.62 0.79 0.76

Competitive Comparison of Luoyang Xinqianglian Slewing Bearing Co's Scaled Net Operating Assets

For the Metal Fabrication subindustry, Luoyang Xinqianglian Slewing Bearing 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.


Luoyang Xinqianglian Slewing Bearing Co's Scaled Net Operating Assets Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Luoyang Xinqianglian Slewing Bearing Co's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where Luoyang Xinqianglian Slewing Bearing Co's Scaled Net Operating Assets falls into.



Luoyang Xinqianglian Slewing Bearing 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.

Luoyang Xinqianglian Slewing Bearing 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 )
=(8576.708-1224.41)/9179.869
=0.80

where

Operating Assets(A: Dec. 2023 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=9673.661 - 1096.953
=8576.708

Operating Liabilities(A: Dec. 2023 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=4488.036 - 1738.29 - 1525.336
=1224.41

Luoyang Xinqianglian Slewing Bearing 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 )
=(8576.708-1224.41)/9637.667
=0.76

where

Operating Assets(Q: Dec. 2023 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=9673.661 - 1096.953
=8576.708

Operating Liabilities(Q: Dec. 2023 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=4488.036 - 1738.29 - 1525.336
=1224.41

* 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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Luoyang Xinqianglian Slewing Bearing Co (SZSE:300850) Business Description

Traded in Other Exchanges
N/A
Address
Jiuzhou Road, Luoxin Industrial Park, Henan Province, Luoyang, CHN, 471800
Luoyang Xinqianglian Slewing Bearing Co Ltd is engaged in production and sales of large slewing bearings and industrial forgings. The company designs and manufactures slewing bearings; precision bearings; shield machine parts; mid-to-high frequency quenching, bearing roller processing; sales of forgings, castings, and flanges.

Luoyang Xinqianglian Slewing Bearing Co (SZSE:300850) Headlines

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