Petro-king Oilfield Services (HKSE:02178) Scaled Net Operating Assets : 0.48 (As of Jun. 2024)

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What is Petro-king Oilfield Services 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.

Petro-king Oilfield Services's operating assets for the quarter that ended in Jun. 2024 was HK$664.3 Mil. Petro-king Oilfield Services's operating liabilities for the quarter that ended in Jun. 2024 was HK$319.7 Mil. Petro-king Oilfield Services's Total Assets for the quarter that ended in Dec. 2023 was HK$712.0 Mil. Therefore, Petro-king Oilfield Services's scaled net operating assets (SNOA) for the quarter that ended in Jun. 2024 was 0.48.

Petro-king Oilfield Services Scaled Net Operating Assets Historical Data

The historical data trend for Petro-king Oilfield Services'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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Petro-king Oilfield Services Scaled Net Operating Assets Chart

Petro-king Oilfield Services Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Scaled Net Operating Assets

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0.72

0.70

0.44

0.63

0.43

Petro-king Oilfield Services Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	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															0.53	0.75	0.52	0.49	0.48

Competitive Comparison of Petro-king Oilfield Services's Scaled Net Operating Assets

For the Oil & Gas Equipment & Services subindustry, Petro-king Oilfield Services'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.

Petro-king Oilfield Services's Scaled Net Operating Assets Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Petro-king Oilfield Services's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where Petro-king Oilfield Services's Scaled Net Operating Assets falls into.

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Petro-king Oilfield Services 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.

Petro-king Oilfield Services'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 )
=	(685.717	-	330.903)	/	823.412
=	0.43

where

	Operating Assets		(A: Dec. 2023 )
=	Total Assets	-	Cash, Cash Equivalents, Marketable Securities
=	712.011	-	26.294
=	685.717

	Operating Liabilities		(A: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	520.856	-	86.279	-	103.674
=	330.903

Petro-king Oilfield Services'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 )
=	(664.269	-	319.662)	/	712.011
=	0.48

where

	Operating Assets		(Q: Jun. 2024 )
=	Total Assets	-	Cash, Cash Equivalents, Marketable Securities
=	694.056	-	29.787
=	664.269

	Operating Liabilities		(Q: Jun. 2024 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	500.948	-	64.066	-	117.22
=	319.662

Petro-king Oilfield Services Scaled Net Operating Assets Related Terms

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Petro-king Oilfield Services Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Petro-king Oilfield Services Ltd (HKSE:02178) » Definitions » Scaled Net Operating Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 3 Haide Road, Tiley Central Plaza, Room 705-710, 7th Floor, Tower A, Nanshan District, Guangdong, Shenzhen, CHN, 518054

Website

http://www.petro-king.cn

Petro-king Oilfield Services Ltd provides oilfield and gas field technology services covering various stages in the life cycle of oilfields and gas fields including production enhancement, drilling, consultancy and integrated project management with auxiliary activities in the trading of oilfield and gas field related products. It has two reportable segments namely Oilfield project tools and services; and Consultancy services. Oilfield project tools and services include drilling work, production enhancement work, and well-completion work. It generates majority of its revenue from the Oilfield project tools and services segment. Geographically, the company operates in the People's Republic of China (PRC), the Middle East, and other countries, and generates majority of its revenue from PRC.

Executives

Hsbc International Trustee Limited	2301 Trustee
Lee & Leung (b.v.i.) Limited	2201 Interest of corporation controlled by you
King Shine Group Limited	2101 Beneficial owner
Lee Lap	2307 Founder of a discretionary trust who can infl
Wang Jinlong	2201 Interest of corporation controlled by you
Zhou Xiaojun	2202 Interest of your spouse
Ubs Group Ag	2201 Interest of corporation controlled by you
Greenwoods Asset Management Hong Kong Limited	2102 Investment manager
Invest Partner Group Limited	2201 Interest of corporation controlled by you
Termbray Industries International (holdings) Limited	2201 Interest of corporation controlled by you
Aeasy Credit Investment Limited	2201 Interest of corporation controlled by you
Zero Finance Hong Kong Limited	2106 Person having a security interest in shares

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