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China Minsheng Banking (HKSE:01988) Scaled Net Operating Assets : 0.13 (As of Dec. 2024)


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What is China Minsheng Banking 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 Minsheng Banking's operating assets for the quarter that ended in Dec. 2024 was HK$7,681,043 Mil. China Minsheng Banking's operating liabilities for the quarter that ended in Dec. 2024 was HK$6,539,954 Mil. China Minsheng Banking's Total Assets for the quarter that ended in Sep. 2024 was HK$8,475,861 Mil. Therefore, China Minsheng Banking's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2024 was 0.13.

China Minsheng Banking 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 Minsheng Banking's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2024 is calculated as

Scaled Net Operating Assets (SNOA)(A: Dec. 2024 )
=(Operating Assets (A: Dec. 2024 )-Operating Liabilities (A: Dec. 2024 ))/Total Assets (A: Dec. 2023 )
=(7681043.163-6539953.697)/8394714.666
=0.14

where

Operating Assets(A: Dec. 2024 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=8343824.086 - 662780.923
=7681043.163

Operating Liabilities(A: Dec. 2024 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=7642824.774 - 1102871.077 - 0
=6539953.697

China Minsheng Banking's Scaled Net Operating Assets (SNOA) for the quarter that ended in Dec. 2024 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Dec. 2024 )
=(Operating Assets (Q: Dec. 2024 )-Operating Liabilities (Q: Dec. 2024 ))/Total Assets (Q: Sep. 2024 )
=(7681043.163-6539953.697)/8475861.491
=0.13

where

Operating Assets(Q: Dec. 2024 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=8343824.086 - 662780.923
=7681043.163

Operating Liabilities(Q: Dec. 2024 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=7642824.774 - 1102871.077 - 0
=6539953.697

* 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 Minsheng Banking Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » China Minsheng Banking Corp Ltd (HKSE:01988) » Definitions » Scaled Net Operating Assets
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SZSE:002142 SHSE:600919 SHSE:601229 SHSE:601169 SHSE:601818 SHSE:600015 SZSE:000001 SHSE:601009 SHSE:600926 SHSE:601825 NSE:HDFCBANK SHSE:600036 NSE:ICICIBANK SAU:1120 SGX:D05 XPAR:BNP MIL:ISP MIL:UCG NSE:SBIN TSE:8411
Traded in Other Exchanges
CMAKY:USA GHFH:Germany 600016:China
Address
No. 2, Fuxingmennei Avenue, Xicheng District, Beijing, CHN, 100031
Website
https://www.cmbc.com.cn
Founded in 1996, China Minsheng Banking Corp. is one of the first privately owned commercial banks in China, with headquarters in Beijing. Its shares listed on the Shanghai Exchange and the Hong Kong Exchange in 2000 and 2009, respectively. CMBC positions itself as a bank for non-state-owned enterprises, micro- and small enterprises, and high-end retail customers. The bank has a diversified shareholding structure, with over 23,000 banking outlets in 125 cities in China.
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