China Traditional Chinese Medicine Holdings Co (HKSE:00570) Scaled Net Operating Assets : 0.66 (As of Dec. 2023)

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What is China Traditional Chinese Medicine Holdings 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.

China Traditional Chinese Medicine Holdings Co's operating assets for the quarter that ended in Dec. 2023 was HK$36,274 Mil. China Traditional Chinese Medicine Holdings Co's operating liabilities for the quarter that ended in Dec. 2023 was HK$8,719 Mil. China Traditional Chinese Medicine Holdings Co's Total Assets for the quarter that ended in Jun. 2023 was HK$42,018 Mil. Therefore, China Traditional Chinese Medicine Holdings Co's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2023 was 0.66.

China Traditional Chinese Medicine Holdings Co Scaled Net Operating Assets Historical Data

The historical data trend for China Traditional Chinese Medicine Holdings 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.

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China Traditional Chinese Medicine Holdings Co Scaled Net Operating Assets Chart

China Traditional Chinese Medicine Holdings Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Scaled Net Operating Assets

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0.58

0.69

0.74

0.61

0.69

China Traditional Chinese Medicine Holdings Co Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Scaled Net Operating Assets	Get a 7-Day Free Trial															0.67	0.63	0.61	0.70	0.66

Competitive Comparison of China Traditional Chinese Medicine Holdings Co's Scaled Net Operating Assets

For the Drug Manufacturers - Specialty & Generic subindustry, China Traditional Chinese Medicine Holdings 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.

China Traditional Chinese Medicine Holdings Co's Scaled Net Operating Assets Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, China Traditional Chinese Medicine Holdings Co's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where China Traditional Chinese Medicine Holdings Co's Scaled Net Operating Assets falls into.

China Traditional Chinese Medicine Holdings 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.

China Traditional Chinese Medicine Holdings 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 )
=	(36274.359	-	8719.164)	/	39796.337
=	0.69

where

	Operating Assets		(A: Dec. 2023 )
=	Total Assets	-	Cash, Cash Equivalents, Marketable Securities
=	40544.576	-	4270.217
=	36274.359

	Operating Liabilities		(A: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	14363.209	-	2396.244	-	3247.801
=	8719.164

China Traditional Chinese Medicine Holdings 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: Jun. 2023 )
=	(36274.359	-	8719.164)	/	42018.108
=	0.66

where

	Operating Assets		(Q: Dec. 2023 )
=	Total Assets	-	Cash, Cash Equivalents, Marketable Securities
=	40544.576	-	4270.217
=	36274.359

	Operating Liabilities		(Q: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	14363.209	-	2396.244	-	3247.801
=	8719.164

China Traditional Chinese Medicine Holdings Co Scaled Net Operating Assets Related Terms

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China Traditional Chinese Medicine Holdings Co (HKSE:00570) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » China Traditional Chinese Medicine Holdings Co Ltd (HKSE:00570) » Definitions » Scaled Net Operating Assets

Comparable Companies

Traded in Other Exchanges

WSG:Germany

Address

288 Hennessy Road, Room 1601, Emperor Group Centre, Wanchai, Hong Kong, HKG

Website

https://www.china-tcm.com.cn

China Traditional Chinese Medicine Holdings Co Ltd is engaged in the Chinese healthcare sector. The company functions through five segments, finished drugs; concentrated TCM granules; TCM decoction pieces; TCM healthcare complex, and Local TCM integrated operation. It generates maximum revenue from the concentrated TCM granules segment. Geographically, it derives a majority of its revenue from Mainland China.

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