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CNFinance Holdings (CNFinance Holdings) Scaled Net Operating Assets : 0.64 (As of Dec. 2023)


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What is CNFinance Holdings 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.

CNFinance Holdings's operating assets for the quarter that ended in Dec. 2023 was $1,914.2 Mil. CNFinance Holdings's operating liabilities for the quarter that ended in Dec. 2023 was $572.2 Mil. CNFinance Holdings's Total Assets for the quarter that ended in Sep. 2023 was $2,088.8 Mil. Therefore, CNFinance Holdings's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2023 was 0.64.

CNFinance Holdings 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.

CNFinance Holdings'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 )
=(1934.702-572.215)/2077.244
=0.66

where

Operating Assets(A: Dec. 2023 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=2291.861 - 357.159
=1934.702

Operating Liabilities(A: Dec. 2023 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1730.402 - 1158.187 - 0
=572.215

CNFinance Holdings'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 )
=(1914.186-572.215)/2088.766
=0.64

where

Operating Assets(Q: Dec. 2023 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=2291.861 - 377.675
=1914.186

Operating Liabilities(Q: Dec. 2023 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1730.402 - 1158.187 - 0
=572.215

* 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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CNFinance Holdings (CNFinance Holdings) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » CNFinance Holdings Ltd (NYSE:CNF) » Definitions » Scaled Net Operating Assets
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Traded in Other Exchanges
N/A
Address
No. 16 Zhujiang Dong Road, 44th Floor, Tower G, Guangdong Province, Gold Land Plaza, Tianhe District, Guangzhou, CHN, 510620
Website
https://ir.cashchina.cn
CNFinance Holdings Ltd is an equity loan service provider. It focuses on the development of small and micro-enterprises. It generates revenue in the form of interest and financing service fees on loans and interest on deposits with banks. Its primary target borrower segment is MSE owners who own real properties in Tier 1 and Tier 2 cities in China. Geographically, it has an operation in PRC.