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BKFCF (Bank of Communications Co) Scaled Net Operating Assets : 0.06 (As of Sep. 2024)


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What is Bank of Communications 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.

Bank of Communications Co's operating assets for the quarter that ended in Sep. 2024 was $1,872,168 Mil. Bank of Communications Co's operating liabilities for the quarter that ended in Sep. 2024 was $1,745,840 Mil. Bank of Communications Co's Total Assets for the quarter that ended in Jun. 2024 was $1,954,307 Mil. Therefore, Bank of Communications Co's scaled net operating assets (SNOA) for the quarter that ended in Sep. 2024 was 0.06.

Bank of Communications 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.

Bank of Communications 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 )
=(1751099.269-1666042.408)/1863472.467
=0.05

where

Operating Assets(A: Dec. 2023 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=1969198.622 - 218099.353
=1751099.269

Operating Liabilities(A: Dec. 2023 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1815218.341 - 149175.933 - 0
=1666042.408

Bank of Communications Co's Scaled Net Operating Assets (SNOA) for the quarter that ended in Sep. 2024 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Sep. 2024 )
=(Operating Assets (Q: Sep. 2024 )-Operating Liabilities (Q: Sep. 2024 ))/Total Assets (Q: Jun. 2024 )
=(1872167.891-1745840.164)/1954307.415
=0.06

where

Operating Assets(Q: Sep. 2024 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=2062564.867 - 190396.976
=1872167.891

Operating Liabilities(Q: Sep. 2024 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1901491.662 - 155651.498 - 0
=1745840.164

* 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.

Bank of Communications Co Scaled Net Operating Assets Related Terms

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Bank of Communications Co Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Bank of Communications Co Ltd (OTCPK:BKFCF) » Definitions » Scaled Net Operating Assets
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Traded in Other Exchanges
BCMXY:USA 03328:Hong Kong C4C:Germany 601328:China
Address
No.188, Yin Cheng Zhong Lu, Pilot Free Trade Zone, Pudong New District, Shanghai, CHN, 200120
Website
https://www.bankcomm.com
Bank of Communications, or Bocom, is the only state-owned bank with headquarters in Shanghai. As one of China's four oldest banks, Bocom became China's first state-owned shareholding commercial bank in 1987. Today, Bocom is amid a strategic transformation, building itself into a global wealth-management bank with wide-ranging financial operations, including insurance, brokerage, trust, and asset management.