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Zhongmiao Holdings (Qingdao) Co (HKSE:01471) Scaled Net Operating Assets : 0.43 (As of Jun. 2024)


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What is Zhongmiao Holdings (Qingdao) 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.

Zhongmiao Holdings (Qingdao) Co's operating assets for the quarter that ended in Jun. 2024 was HK$235.6 Mil. Zhongmiao Holdings (Qingdao) Co's operating liabilities for the quarter that ended in Jun. 2024 was HK$53.9 Mil. Zhongmiao Holdings (Qingdao) Co's Total Assets for the quarter that ended in Dec. 2023 was HK$426.5 Mil. Therefore, Zhongmiao Holdings (Qingdao) Co's scaled net operating assets (SNOA) for the quarter that ended in Jun. 2024 was 0.43.

Zhongmiao Holdings (Qingdao) Co Scaled Net Operating Assets Historical Data

The historical data trend for Zhongmiao Holdings (Qingdao) 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.

* Premium members only.

Zhongmiao Holdings (Qingdao) Co Scaled Net Operating Assets Chart

Zhongmiao Holdings (Qingdao) Co Annual Data
Trend Dec21 Dec22 Dec23
Scaled Net Operating Assets
- 0.01 0.48

Zhongmiao Holdings (Qingdao) Co Semi-Annual Data
Dec21 Dec22 Jun23 Dec23 Jun24
Scaled Net Operating Assets - 0.01 - - 0.43

Competitive Comparison of Zhongmiao Holdings (Qingdao) Co's Scaled Net Operating Assets

For the Insurance Brokers subindustry, Zhongmiao Holdings (Qingdao) 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.

Zhongmiao Holdings (Qingdao) Co's Scaled Net Operating Assets Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, Zhongmiao Holdings (Qingdao) Co's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where Zhongmiao Holdings (Qingdao) Co's Scaled Net Operating Assets falls into.


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Zhongmiao Holdings (Qingdao) 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.

Zhongmiao Holdings (Qingdao) 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 )
=(203.786-28.973)/365.277
=0.48

where

Operating Assets(A: Dec. 2023 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=426.521 - 222.735
=203.786

Operating Liabilities(A: Dec. 2023 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=29.24 - 0 - 0.267
=28.973

Zhongmiao Holdings (Qingdao) Co's Scaled Net Operating Assets (SNOA) for the quarter that ended in Jun. 2024 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Jun. 2024 )
=(Operating Assets (Q: Jun. 2024 )-Operating Liabilities (Q: Jun. 2024 ))/Total Assets (Q: Dec. 2023 )
=(235.603-53.949)/426.521
=0.43

where

Operating Assets(Q: Jun. 2024 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=469.061 - 233.458
=235.603

Operating Liabilities(Q: Jun. 2024 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=54.509 - 0 - 0.56
=53.949

* 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.

Zhongmiao Holdings (Qingdao) Co Scaled Net Operating Assets Related Terms

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Zhongmiao Holdings (Qingdao) Co Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Zhongmiao Holdings (Qingdao) Co Ltd (HKSE:01471) » Definitions » Scaled Net Operating Assets
Comparable Companies
HKSE:00662 HKSE:00222 HKSE:00376 MMC AJG AON BRO WTW ERIE BOM:543390 CRVL ASX:SDF BWIN GSHD ASX:AUB MEX:GPROFUT SAU:8313 XSGO:BANVIDA SLQT CRD.A
Traded in Other Exchanges
N/A
Address
No. 1, Haier Road, Laoshan District, Shandong, Qingdao, CHN
Website
https://www.haierbx.net
Zhongmiao Holdings (Qingdao) Co Ltd is engaged in providing insurance agency service, IT services, and consulting services in the PRC. The company is primarily engaged in providing IT services. The company derives maximum revenue from the Insurance Agency business. The company is dedicated to distributing different insurance products covering (i) property insurance products, (ii) life and health insurance products, (iii) accident insurance products, and (iv) automobile insurance products, to both corporate and household insurance clients.
Executives
Qu Pengcheng

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