JiLin JiuTai Rural Commercial Bank (HKSE:06122) Scaled Net Operating Assets: -0.06 (As of Jun. 2024)

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HKSE:06122 JiLin JiuTai Rural Commercial Bank Corp Ltd HKSE:06122
4 GF Score
Price HK$0.41
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What is JiLin JiuTai Rural Commercial Bank Scaled Net Operating Assets?

JiLin JiuTai Rural Commercial Bank HKSE:06122 4 Scaled Net Operating Assets is -0.06 as of Jun. 2024. GuruFocus rates HKSE:06122 with a GF Score™ of 4/100.

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

JiLin JiuTai Rural Commercial Bank's operating assets for the quarter that ended in Jun. 2024 was HK$244,908 Mil. JiLin JiuTai Rural Commercial Bank's operating liabilities for the quarter that ended in Jun. 2024 was HK$261,353 Mil. JiLin JiuTai Rural Commercial Bank's Total Assets for the quarter that ended in Dec. 2023 was HK$295,074 Mil. Therefore, JiLin JiuTai Rural Commercial Bank's scaled net operating assets (SNOA) for the quarter that ended in Jun. 2024 was -0.06.

HKSE:06122
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JiLin JiuTai Rural Commercial Bank Corp Ltd HKSE:06122
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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JiLin JiuTai Rural Commercial Bank 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.

JiLin JiuTai Rural Commercial Bank'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 )
=(251686.854-270342.159)/298163.666
=-0.06

where

Operating Assets(A: Dec. 2023 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=295074.188 - 43387.334
=251686.854

Operating Liabilities(A: Dec. 2023 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=274440.556 - 4098.397 - 0
=270342.159

JiLin JiuTai Rural Commercial Bank'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 )
=(244908.068-261352.871)/295074.188
=-0.06

where

Operating Assets(Q: Jun. 2024 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=285357.19 - 40449.122
=244908.068

Operating Liabilities(Q: Jun. 2024 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=264741.151 - 3388.28 - 0
=261352.871

* 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.

What does a Scaled Net Operating Assets of -0.06 mean?
JiLin JiuTai Rural Commercial Bank (HKSE:06122) has a Scaled Net Operating Assets of -0.06 as of Jun. 2024. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on JiLin JiuTai Rural Commercial Bank and its competitors.
Is JiLin JiuTai Rural Commercial Bank's Scaled Net Operating Assets too high?
JiLin JiuTai Rural Commercial Bank's current Scaled Net Operating Assets is -0.06. Overall, JiLin JiuTai Rural Commercial Bank has a GF Score™ of 4/100, reflecting its overall financial health beyond just this single metric.
How does JiLin JiuTai Rural Commercial Bank's Scaled Net Operating Assets compare to PNC?
JiLin JiuTai Rural Commercial Bank's Scaled Net Operating Assets of -0.06 can be compared against companies in the Banks industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Scaled Net Operating Assets for a Banks company?
A good Scaled Net Operating Assets depends on the Banks industry context. However, Scaled Net Operating Assets should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Scaled Net Operating Assets mean?
A high Scaled Net Operating Assets can signal that a stock is expensive relative to its fundamentals. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on JiLin JiuTai Rural Commercial Bank and its competitors. JiLin JiuTai Rural Commercial Bank's current Scaled Net Operating Assets is -0.06. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is JiLin JiuTai Rural Commercial Bank stock overvalued right now?
JiLin JiuTai Rural Commercial Bank (HKSE:06122) has a current Scaled Net Operating Assets of -0.06. The current Scaled Net Operating Assets is -0.06. JiLin JiuTai Rural Commercial Bank's overall GF Score™ is 4/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Scaled Net Operating Assets calculated?
Scaled Net Operating Assets is calculated from a company's financial statements. For JiLin JiuTai Rural Commercial Bank (HKSE:06122), the current Scaled Net Operating Assets is -0.06 as of Jun. 2024. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

JiLin JiuTai Rural Commercial Bank Business Description

Address No. 2559 Wei Shan Road, High and New Technology Development Zone, Jilin Province, Changchun, CHN
JiLin JiuTai Rural Commercial Bank Corp Ltd is engaged in the provision of banking services. The company's operating segment includes Corporate banking; Retail banking; Treasury operations and Others. The bank offers loan business, deposits, certificates of deposits, and other related services. It generates maximum revenue from the Corporate banking segment. Geographically, the firm operates in Mainland China.
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Scaled Net Operating Assets is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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