Jiangsu Innovative Ecological New Materials (HKSE:02116) Scaled Net Operating Assets : 0.48 (As of Jun. 2024)

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What is Jiangsu Innovative Ecological New Materials 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.

Jiangsu Innovative Ecological New Materials's operating assets for the quarter that ended in Jun. 2024 was HK$158.2 Mil. Jiangsu Innovative Ecological New Materials's operating liabilities for the quarter that ended in Jun. 2024 was HK$23.2 Mil. Jiangsu Innovative Ecological New Materials's Total Assets for the quarter that ended in Dec. 2023 was HK$283.7 Mil. Therefore, Jiangsu Innovative Ecological New Materials's scaled net operating assets (SNOA) for the quarter that ended in Jun. 2024 was 0.48.

Jiangsu Innovative Ecological New Materials Scaled Net Operating Assets Historical Data

The historical data trend for Jiangsu Innovative Ecological New Materials'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.

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Jiangsu Innovative Ecological New Materials Scaled Net Operating Assets Chart

Jiangsu Innovative Ecological New Materials Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Scaled Net Operating Assets

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0.44

0.50

0.47

0.45

0.37

Jiangsu Innovative Ecological New Materials Semi-Annual Data
	Dec14	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													0.46	0.45	0.42	0.38	0.48

Competitive Comparison of Jiangsu Innovative Ecological New Materials's Scaled Net Operating Assets

For the Specialty Chemicals subindustry, Jiangsu Innovative Ecological New Materials'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.

Jiangsu Innovative Ecological New Materials's Scaled Net Operating Assets Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Jiangsu Innovative Ecological New Materials's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where Jiangsu Innovative Ecological New Materials's Scaled Net Operating Assets falls into.

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Jiangsu Innovative Ecological New Materials 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.

Jiangsu Innovative Ecological New Materials'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 )
=	(179.59	-	36.798)	/	388.035
=	0.37

where

	Operating Assets		(A: Dec. 2023 )
=	Total Assets	-	Cash, Cash Equivalents, Marketable Securities
=	283.722	-	104.132
=	179.59

	Operating Liabilities		(A: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	36.798	-	0	-	0
=	36.798

Jiangsu Innovative Ecological New Materials'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 )
=	(158.187	-	23.224)	/	283.722
=	0.48

where

	Operating Assets		(Q: Jun. 2024 )
=	Total Assets	-	Cash, Cash Equivalents, Marketable Securities
=	264.651	-	106.464
=	158.187

	Operating Liabilities		(Q: Jun. 2024 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	23.224	-	0	-	0
=	23.224

Jiangsu Innovative Ecological New Materials Scaled Net Operating Assets Related Terms

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Jiangsu Innovative Ecological New Materials Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Jiangsu Innovative Ecological New Materials Ltd (HKSE:02116) » Definitions » Scaled Net Operating Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 16 West Kaixuan Road, Economic Development Zone, Jiangsu, Yixing, CHN

Website

https://www.jscxsh.cn

Jiangsu Innovative Ecological New Materials Ltd manufactures additives. The firm produces refining additives, oil additives, and other products. It offers and generates revenue from oil refining agents and fuel additives with desulfurizing agents, lubricity improvers, and metal passivation. The majority of the firm's revenue is generated from the sales of oil refining agents from Mainland China.

Executives

Ge Xiaojun	2202 Interest of your spouse
Gu Jufang	2201 Interest of corporation controlled by you
Innovative Green Holdings Limited	2101 Beneficial owner

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