China Financial Services Holdings (HKSE:00605) Scaled Net Operating Assets : 0.58 (As of Dec. 2023)

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What is China Financial Services 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.

China Financial Services Holdings's operating assets for the quarter that ended in Dec. 2023 was HK$1,733.1 Mil. China Financial Services Holdings's operating liabilities for the quarter that ended in Dec. 2023 was HK$375.8 Mil. China Financial Services Holdings's Total Assets for the quarter that ended in Jun. 2023 was HK$2,330.5 Mil. Therefore, China Financial Services Holdings's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2023 was 0.58.

China Financial Services Holdings Scaled Net Operating Assets Historical Data

The historical data trend for China Financial Services Holdings'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 Financial Services Holdings Scaled Net Operating Assets Chart

China Financial Services Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Scaled Net Operating Assets

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0.70

0.47

0.55

0.51

China Financial Services Holdings 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															0.61	0.63	0.62	0.57	0.58

Competitive Comparison of China Financial Services Holdings's Scaled Net Operating Assets

For the Credit Services subindustry, China Financial Services Holdings'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 Financial Services Holdings's Scaled Net Operating Assets Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, China Financial Services Holdings's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where China Financial Services Holdings's Scaled Net Operating Assets falls into.

China Financial Services 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.

China Financial Services 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 )
=	(1733.137	-	375.767)	/	2644.407
=	0.51

where

	Operating Assets		(A: Dec. 2023 )
=	Total Assets	-	Cash, Cash Equivalents, Marketable Securities
=	2214.651	-	481.514
=	1733.137

	Operating Liabilities		(A: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	1514.707	-	13.397	-	1125.543
=	375.767

China Financial Services 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: Jun. 2023 )
=	(1733.137	-	375.767)	/	2330.547
=	0.58

where

	Operating Assets		(Q: Dec. 2023 )
=	Total Assets	-	Cash, Cash Equivalents, Marketable Securities
=	2214.651	-	481.514
=	1733.137

	Operating Liabilities		(Q: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	1514.707	-	13.397	-	1125.543
=	375.767

China Financial Services Holdings Scaled Net Operating Assets Related Terms

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China Financial Services Holdings (HKSE:00605) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » China Financial Services Holdings Ltd (HKSE:00605) » Definitions » Scaled Net Operating Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 18 Harbour Road, Suite 5606, 56th Floor, Central Plaza, Wanchai, Hong Kong, HKG

Website

https://www.cfsh.com.hk

China Financial Services Holdings Ltd is a non-bank financial service provider. The company is involved in providing customized financial services and solutions to small and medium-sized enterprises (SMEs). It is primarily engaged in the direct loan, financial guarantee and financial advisory businesses. The company finances its direct loan services using its own capital. In view of helping SMEs to obtain a loan from financial institutions, the company provides financial guarantee services through its financial guarantee company. Geographically, it has operations in Hong Kong, China, and the United Kingdom. Most of the group's revenue is generated from China.

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