Cathay Financial Holding Co (TPE:2882) Scaled Net Operating Assets : 0.03 (As of Dec. 2023)

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What is Cathay Financial Holding 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.

Cathay Financial Holding Co's operating assets for the quarter that ended in Dec. 2023 was NT$12,153,520 Mil. Cathay Financial Holding Co's operating liabilities for the quarter that ended in Dec. 2023 was NT$11,724,187 Mil. Cathay Financial Holding Co's Total Assets for the quarter that ended in Sep. 2023 was NT$12,897,827 Mil. Therefore, Cathay Financial Holding Co's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2023 was 0.03.

Cathay Financial Holding 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.

Cathay Financial Holding 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 )
=	(12153519.542	-	11724186.655)	/	12070885.583
=	0.04

where

	Operating Assets		(A: Dec. 2023 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	12811120.326	-	657600.784
=	12153519.542

	Operating Liabilities		(A: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	12009674.674	-	285488.019	-	0
=	11724186.655

Cathay Financial Holding 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 )
=	(12153519.542	-	11724186.655)	/	12897826.562
=	0.03

where

	Operating Assets		(Q: Dec. 2023 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	12811120.326	-	657600.784
=	12153519.542

	Operating Liabilities		(Q: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	12009674.674	-	285488.019	-	0
=	11724186.655

* 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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Cathay Financial Holding Co (TPE:2882) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Cathay Financial Holding Co Ltd (TPE:2882) » Definitions » Scaled Net Operating Assets

Comparable Companies

Traded in Other Exchanges

2882B.PFD:Taiwan 2882A.PFD:Taiwan

Address

No. 296, Section 4, Renai Road, Da'an District, Taipei, TWN, 106

Website

https://www.cathayholdings.com

Cathay Financial Holding Co Ltd is a financial holding company that primarily serves the Taiwan market. The scope of its business is limited by the operation of law to the investment and management of financial services enterprises. The company is a hub for financial services primarily in insurance and banking, and secondarily in asset management. Cathay Financial Holding emphasizes cross-selling and information technology integration in its business model. most of its insurance business, which constitutes approximately half of the company's revenue mix, is related to life insurance. Its banking business, which makes up nearly the other half of its business, is mostly related to consumer and corporate banking.