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Lufax Holding (HKSE:06623) Scaled Net Operating Assets : 0.50 (As of Sep. 2024)


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What is Lufax Holding 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.

Lufax Holding's operating assets for the quarter that ended in Sep. 2024 was HK$196,129 Mil. Lufax Holding's operating liabilities for the quarter that ended in Sep. 2024 was HK$79,841 Mil. Lufax Holding's Total Assets for the quarter that ended in Jun. 2024 was HK$233,535 Mil. Therefore, Lufax Holding's scaled net operating assets (SNOA) for the quarter that ended in Sep. 2024 was 0.50.

Lufax Holding 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.

Lufax Holding'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 )
=(215511.685-107714.23)/390026.917
=0.28

where

Operating Assets(A: Dec. 2023 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=259250.763 - 43739.078
=215511.685

Operating Liabilities(A: Dec. 2023 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=156781.42 - 49067.19 - 0
=107714.23

Lufax Holding's Scaled Net Operating Assets (SNOA) for the quarter that ended in Sep. 2024 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Sep. 2024 )
=(Operating Assets (Q: Sep. 2024 )-Operating Liabilities (Q: Sep. 2024 ))/Total Assets (Q: Jun. 2024 )
=(196128.569-79841.141)/233534.687
=0.50

where

Operating Assets(Q: Sep. 2024 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=227309.923 - 31181.354
=196128.569

Operating Liabilities(Q: Sep. 2024 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=132245.353 - 52404.212 - 0
=79841.141

* 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.

Lufax Holding Scaled Net Operating Assets Related Terms

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Lufax Holding Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Lufax Holding Ltd (HKSE:06623) » Definitions » Scaled Net Operating Assets
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Traded in Other Exchanges
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Address
Jinxiu East Road, Lane 2777, Pudong New District, Building No. 6, Shanghai, CHN
Website
https://www.lu.com
Lufax Holding Ltd is a technology-empowered personal financial services platform in China. The company address the large unmet demand for personal lending among small business owners as well as salaried workers in China and provides tailor-made wealth management solutions to China's middle class and affluent population. Its platform has two hubs namely Retail Credit Facilitation Hub and Wealth Management Hub.
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China Ping An Insurance Overseas (holdings) Limited 2101 Beneficial owner
Lanbang Investment Company Limited 2201 Interest of corporation controlled by you
Shi Jingkui 2201 Interest of corporation controlled by you
Yang Xuelian 2201 Interest of corporation controlled by you