Fidelity China Special Situations (LSE:FCSS) Scaled Net Operating Assets : 0.80 (As of Sep. 2023)

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What is Fidelity China Special Situations 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.

Fidelity China Special Situations's operating assets for the quarter that ended in Sep. 2023 was £1,186.02 Mil. Fidelity China Special Situations's operating liabilities for the quarter that ended in Sep. 2023 was £20.94 Mil. Fidelity China Special Situations's Total Assets for the quarter that ended in Mar. 2023 was £1,460.77 Mil. Therefore, Fidelity China Special Situations's scaled net operating assets (SNOA) for the quarter that ended in Sep. 2023 was 0.80.

Fidelity China Special Situations 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.

Fidelity China Special Situations's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Mar. 2023 is calculated as

	Scaled Net Operating Assets (SNOA)		(A: Mar. 2023 )
=	(Operating Assets (A: Mar. 2023 )	-	Operating Liabilities (A: Mar. 2023 ))	/	Total Assets (A: Mar. 2022 )
=	(1387.829	-	41.494)	/	1509.576
=	0.89

where

	Operating Assets		(A: Mar. 2023 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	1460.772	-	72.943
=	1387.829

	Operating Liabilities		(A: Mar. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	122.351	-	80.857	-	0
=	41.494

Fidelity China Special Situations's Scaled Net Operating Assets (SNOA) for the quarter that ended in Sep. 2023 is calculated as

	Scaled Net Operating Assets (SNOA)		(Q: Sep. 2023 )
=	(Operating Assets (Q: Sep. 2023 )	-	Operating Liabilities (Q: Sep. 2023 ))	/	Total Assets (Q: Mar. 2023 )
=	(1186.023	-	20.935)	/	1460.772
=	0.80

where

	Operating Assets		(Q: Sep. 2023 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	1237.281	-	51.258
=	1186.023

	Operating Liabilities		(Q: Sep. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	102.805	-	81.87	-	0
=	20.935

* 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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Fidelity China Special Situations (LSE:FCSS) Business Description

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FCSSl:UK

Address

Beech Gate, Millfield Lane, Lower Kingswood, Tadworth, Surrey, GBR, KT20 6RP

Website

https://www.fidelity.co.uk

Fidelity China Special Situations PLC is an investment company. Its investment objective is to achieve long-term capital growth from an actively managed portfolio. The company focuses on investing in securities issued by companies listed in China or Hong Kong and any other Chinese companies listed elsewhere as well as the companies which have interests in China and Hong Kong. Its portfolio consists of various financial instruments such as equities, index-linked, equity-linked and other debt securities, cash deposits, money market instruments, foreign currency exchange transactions, equity-related securities, forward transactions, and derivative instruments. The company may use gearing such as Contracts for Difference to meet its determined investment goals.