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China Citic Bank (HKSE:00998) Scaled Net Operating Assets : 0.14 (As of Mar. 2024)


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What is China Citic Bank 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 Citic Bank's operating assets for the quarter that ended in Mar. 2024 was HK$9,033,135 Mil. China Citic Bank's operating liabilities for the quarter that ended in Mar. 2024 was HK$7,614,493 Mil. China Citic Bank's Total Assets for the quarter that ended in Dec. 2023 was HK$9,901,416 Mil. Therefore, China Citic Bank's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2024 was 0.14.

China Citic Bank 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 Citic Bank'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 )
=(9084436.319-7935645.824)/9545167.071
=0.12

where

Operating Assets(A: Dec. 2023 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=9901415.863 - 816979.544
=9084436.319

Operating Liabilities(A: Dec. 2023 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=9097843.86 - 1162198.036 - 0
=7935645.824

China Citic Bank's Scaled Net Operating Assets (SNOA) for the quarter that ended in Mar. 2024 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Mar. 2024 )
=(Operating Assets (Q: Mar. 2024 )-Operating Liabilities (Q: Mar. 2024 ))/Total Assets (Q: Dec. 2023 )
=(9033135.487-7614493.124)/9901415.863
=0.14

where

Operating Assets(Q: Mar. 2024 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=9853092.127 - 819956.64
=9033135.487

Operating Liabilities(Q: Mar. 2024 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=9000692.007 - 1386198.883 - 0
=7614493.124

* 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 Citic Bank (HKSE:00998) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » China Citic Bank Corp Ltd (HKSE:00998) » Definitions » Scaled Net Operating Assets
Comparable Companies
SHSE:601166 SHSE:600000 SZSE:000001 SHSE:601818 SZSE:002142 SHSE:600016 SHSE:600919 SHSE:601169 SHSE:601229 SHSE:600015 NSE:HDFCBANK SHSE:600036 NSE:ICICIBANK NSE:SBIN SAU:1120 XPAR:BNP MIC:SBER SGX:D05 ISX:BBCA MIL:ISP
Traded in Other Exchanges
CHCJY:USA CHBJF:USA D7C:Germany 601998:China
Address
10 Guanghua Road, 6-30/F and 32-42/F, Building No. 1, Chaoyang District, Beijing, CHN, 100020
Website
https://www.citicbank.com
As the second-largest joint-stock banks, China Citic Bank is headquartered in Beijing. It offers a full range of commercial banking services, with 1,410 outlets in 146 cities in China and branches in Hong Kong, Macau, New York, Los Angeles, and Singapore. As of 2022, the bank is the 9th-largest nationwide listed commercial bank in China in terms of total assets.
Executives
Ubs Sdic Fund Management Co., Ltd 2102 Investment manager
Easterngate Spc 2102 Investment manager
Hong Kong Xinhu Investment Co.,ltd 2101 Beneficial owner
Huang Wei 2201 Interest of corporation controlled by you
Li Ping 2201 Interest of corporation controlled by you
Ning Bo Jia Yuan Shi Ye Fa Zhan You Xian Gong Si 2201 Interest of corporation controlled by you
Xin Hu Zhong Bao Gu Fen You Xian Gong Si 2201 Interest of corporation controlled by you
Zhe Jiang Heng Xing Li Kong Gu Ji Tuan You Xian Gong Si 2201 Interest of corporation controlled by you
Zhe Jiang Xin Hu Ji Tuan Gu Fen You Xian Gong Si 2201 Interest of corporation controlled by you