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Hingtex Holdings (HKSE:01968) Scaled Net Operating Assets : 0.67 (As of Jun. 2024)


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What is Hingtex 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.

Hingtex Holdings's operating assets for the quarter that ended in Jun. 2024 was HK$283.3 Mil. Hingtex Holdings's operating liabilities for the quarter that ended in Jun. 2024 was HK$53.2 Mil. Hingtex Holdings's Total Assets for the quarter that ended in Dec. 2023 was HK$343.2 Mil. Therefore, Hingtex Holdings's scaled net operating assets (SNOA) for the quarter that ended in Jun. 2024 was 0.67.


Hingtex Holdings Scaled Net Operating Assets Historical Data

The historical data trend for Hingtex 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.

* Premium members only.

Hingtex Holdings Scaled Net Operating Assets Chart

Hingtex Holdings Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Scaled Net Operating Assets
Get a 7-Day Free Trial Premium Member Only 0.49 0.49 0.57 0.53 0.63

Hingtex Holdings Semi-Annual Data
Dec15 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
Scaled Net Operating Assets Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.58 0.59 0.62 0.66 0.67

Competitive Comparison of Hingtex Holdings's Scaled Net Operating Assets

For the Textile Manufacturing subindustry, Hingtex 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.


Hingtex Holdings's Scaled Net Operating Assets Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Hingtex Holdings's Scaled Net Operating Assets distribution charts can be found below:

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


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Hingtex 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.

Hingtex 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 )
=(282.443-35.08)/394.417
=0.63

where

Operating Assets(A: Dec. 2023 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=343.183 - 60.74
=282.443

Operating Liabilities(A: Dec. 2023 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=67.511 - 0 - 32.431
=35.08

Hingtex Holdings'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 )
=(283.31-53.231)/343.183
=0.67

where

Operating Assets(Q: Jun. 2024 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=341.21 - 57.9
=283.31

Operating Liabilities(Q: Jun. 2024 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=82.682 - 0 - 29.451
=53.231

* 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.


Hingtex Holdings Scaled Net Operating Assets Related Terms

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Hingtex Holdings Business Description

Traded in Other Exchanges
N/A
Address
Gaoping Industrial Area, Guangdong Province, Zhongshan, CHN
Hingtex Holdings Ltd manufactures and sells denim fabric. It sells denim fabrics and yarns directly to customers, which mainly include garment manufacturers. The company's denim fabrics are categorized into three types, namely non-stretchable denim fabrics, stretchable cotton denim fabrics, and stretchable blended denim fabrics. Geographically, it has a world-wide business presence and derives key revenue from the PRC and Hong Kong.
Executives
Manford Investment Holdings Limited 2101 Beneficial owner
Fung Cheong Chi 2202 Interest of your spouse
Lau Chung Chau 2201 Interest of corporation controlled by you
Li Chi Hiu Lawrence 2202 Interest of your spouse
Li Ka Mei 2202 Interest of your spouse
Tung Cheuk Ming Stanley 2201 Interest of corporation controlled by you
Tung Tsun Hong 2201 Interest of corporation controlled by you
Tung Wai Lai Mabel 2201 Interest of corporation controlled by you
Tung Wai Ting Stephen 2201 Interest of corporation controlled by you
Tung Wei Ling Barbara 2201 Interest of corporation controlled by you

Hingtex Holdings Headlines

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