China CITIC Financial Asset Management Co (HKSE:02799) Scaled Net Operating Assets : 0.97 (As of Dec. 2023)

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What is China CITIC Financial Asset Management Co 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 CITIC Financial Asset Management Co's operating assets for the quarter that ended in Dec. 2023 was HK$1,058,768 Mil. China CITIC Financial Asset Management Co's operating liabilities for the quarter that ended in Dec. 2023 was HK$71,701 Mil. China CITIC Financial Asset Management Co's Total Assets for the quarter that ended in Jun. 2023 was HK$1,022,650 Mil. Therefore, China CITIC Financial Asset Management Co's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2023 was 0.97.

China CITIC Financial Asset Management Co 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 CITIC Financial Asset Management Co'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 )
=	(1058768.17	-	71701.395)	/	1069593.76
=	0.92

where

	Operating Assets		(A: Dec. 2023 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	1058890.8	-	122.63
=	1058768.17

	Operating Liabilities		(A: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	1006349.204	-	934647.809	-	0
=	71701.395

China CITIC Financial Asset Management Co'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 )
=	(1058768.17	-	71701.395)	/	1022650.076
=	0.97

where

	Operating Assets		(Q: Dec. 2023 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	1058890.8	-	122.63
=	1058768.17

	Operating Liabilities		(Q: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	1006349.204	-	934647.809	-	0
=	71701.395

* 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 CITIC Financial Asset Management Co (HKSE:02799) Business Description

Industry

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Traded in Other Exchanges

CHE:Germany

Address

No. 8, Financial Street, Xicheng District, Beijing, CHN, 100033

Website

https://www.chamc.com.cn

China Huarong Asset Management Co Ltd operates as an asset manager and provides financial services. It has three segments. Its distressed asset management segment includes policy-related DES asset management business based on the commercial buy-out of the company, special situations investments business, distressed asset-based property development business as well as market-oriented DES business of the group. The financial services segment mainly includes securities and futures business, financial leasing business, and banking services business. Asset management and investment segment mainly includes trust business, international business and other business. It derives the majority of its revenues through its distressed asset management services.