51 Credit Card (HKSE:02051) Scaled Net Operating Assets : 0.47 (As of Dec. 2023)

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What is 51 Credit Card 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.

51 Credit Card's operating assets for the quarter that ended in Dec. 2023 was HK$861.39 Mil. 51 Credit Card's operating liabilities for the quarter that ended in Dec. 2023 was HK$287.72 Mil. 51 Credit Card's Total Assets for the quarter that ended in Jun. 2023 was HK$1,214.67 Mil. Therefore, 51 Credit Card's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2023 was 0.47.

51 Credit Card 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.

51 Credit Card'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 )
=	(861.392	-	287.716)	/	1269.151
=	0.45

where

	Operating Assets		(A: Dec. 2023 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	1274.215	-	412.823
=	861.392

	Operating Liabilities		(A: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	498.103	-	210.387	-	0
=	287.716

51 Credit Card'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 )
=	(861.392	-	287.716)	/	1214.666
=	0.47

where

	Operating Assets		(Q: Dec. 2023 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	1274.215	-	412.823
=	861.392

	Operating Liabilities		(Q: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	498.103	-	210.387	-	0
=	287.716

* 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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51 Credit Card (HKSE:02051) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » 51 Credit Card Inc (HKSE:02051) » Definitions » Scaled Net Operating Assets

Comparable Companies

Traded in Other Exchanges

2JY:Germany

Address

No. 588 Wenyi West Road, Building B3, CECEP Xixi Center, Xihu District, Zhejiang, Hangzhou, CHN

Website

https://www.u51.com

51 Credit Card Inc is an investment holding company. Along with its subsidiaries, it is engaged in providing one-stop personal financial technology services and SaaS services, covering personal credit management, credit card technology services and online credit facilitation and investment services in China. The firm derives revenue from Credit facilitation and service fee, Payment service fee, Credit card technology service fee, SaaS service fee and Other revenue. A majority of its revenue gets derived through Credit facilitation and service fee. The majority of the group's activities are carried out in Mainland China.

Executives

Shen Guojun	2307 Founder of a discretionary trust who can infl
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Weihan Evergreen Limited	2201 Interest of corporation controlled by you
Sun Haitao	2501 Other
Hang Zhou Zhen Niu Xin Xi Ke Ji You Xian Gong Si	2106 Person having a security interest in shares
Xin Yong Ka You Xian Gong Si	2201 Interest of corporation controlled by you
51 Credit Card (china) Limited	2201 Interest of corporation controlled by you
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51 Stock Limited	2306 Nominee for another person
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51 Award Limited	2306 Nominee for another person