TL Natural Gas Holdings (HKSE:08536) Scaled Net Operating Assets : 0.44 (As of Jun. 2024)

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What is TL Natural Gas Holdings 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.

TL Natural Gas Holdings's operating assets for the quarter that ended in Jun. 2024 was HK$40.98 Mil. TL Natural Gas Holdings's operating liabilities for the quarter that ended in Jun. 2024 was HK$7.98 Mil. TL Natural Gas Holdings's Total Assets for the quarter that ended in Dec. 2023 was HK$75.65 Mil. Therefore, TL Natural Gas Holdings's scaled net operating assets (SNOA) for the quarter that ended in Jun. 2024 was 0.44.

TL Natural Gas Holdings Scaled Net Operating Assets Historical Data

The historical data trend for TL Natural Gas Holdings'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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TL Natural Gas Holdings Scaled Net Operating Assets Chart

TL Natural Gas Holdings Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Scaled Net Operating Assets

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0.67

1.10

0.51

0.49

0.34

TL Natural Gas Holdings Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Jun24
Scaled Net Operating Assets	Get a 7-Day Free Trial															-	-	-	-	0.44

Competitive Comparison of TL Natural Gas Holdings's Scaled Net Operating Assets

For the Specialty Retail subindustry, TL Natural Gas Holdings'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.

TL Natural Gas Holdings's Scaled Net Operating Assets Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, TL Natural Gas Holdings's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where TL Natural Gas Holdings's Scaled Net Operating Assets falls into.

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TL Natural Gas Holdings 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.

TL Natural Gas Holdings'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 )
=	(44.61	-	8.827)	/	106.442
=	0.34

where

	Operating Assets		(A: Dec. 2023 )
=	Total Assets	-	Cash, Cash Equivalents, Marketable Securities
=	75.646	-	31.036
=	44.61

	Operating Liabilities		(A: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	10.801	-	0.888	-	1.086
=	8.827

TL Natural Gas Holdings'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 )
=	(40.984	-	7.981)	/	75.646
=	0.44

where

	Operating Assets		(Q: Jun. 2024 )
=	Total Assets	-	Cash, Cash Equivalents, Marketable Securities
=	71.034	-	30.05
=	40.984

	Operating Liabilities		(Q: Jun. 2024 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	9.352	-	0.611	-	0.76
=	7.981

TL Natural Gas Holdings Scaled Net Operating Assets Related Terms

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TL Natural Gas Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » TL Natural Gas Holdings Ltd (HKSE:08536) » Definitions » Scaled Net Operating Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

Dong Fang Road, Jingzhou Primary Station, Economic Development Zone, Hubei Province, Jingzhou, CHN

Website

http://www.tl-cng.com

TL Natural Gas Holdings Ltd is engaged in the sale of compressed natural gas and automated car wash service. The company operates in four different segments the sale of natural gas; the automated car wash service; the provision of digital marketing service and the provision of fast food catering service. The company derives revenue from the sale of compressed natural gas. The revenue comes from the distribution of CNG to retail customers mainly vehicle end users and wholesale customers town gas companies, gas station operators, and industrial users.

Executives

Hongsheng Enterprise Limited	2101 Beneficial owner
Liu Yongcheng	2103 Interests held jointly with another person
Liu Yongqiang	2201 Interest of corporation controlled by you
Yongsheng Enterprise Limited	2103 Interests held jointly with another person
Yu Ting Hin	2101 Beneficial owner
Lee Kwok Wah	2101 Beneficial owner
Stable Development Company Limited	2101 Beneficial owner
Yu Kin Wai Perway	2201 Interest of corporation controlled by you
Fai Wai Lap Felip	2101 Beneficial owner

TL Natural Gas Holdings Headlines

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