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China Northern Rare Earth (Group) High-Tech Co (SHSE:600111) Scaled Net Operating Assets : 0.69 (As of Dec. 2023)


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What is China Northern Rare Earth (Group) High-Tech 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 Northern Rare Earth (Group) High-Tech Co's operating assets for the quarter that ended in Dec. 2023 was ¥34,811 Mil. China Northern Rare Earth (Group) High-Tech Co's operating liabilities for the quarter that ended in Dec. 2023 was ¥6,612 Mil. China Northern Rare Earth (Group) High-Tech Co's Total Assets for the quarter that ended in Sep. 2023 was ¥40,644 Mil. Therefore, China Northern Rare Earth (Group) High-Tech Co's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2023 was 0.69.


China Northern Rare Earth (Group) High-Tech Co Scaled Net Operating Assets Historical Data

The historical data trend for China Northern Rare Earth (Group) High-Tech Co'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.

* Premium members only.

China Northern Rare Earth (Group) High-Tech Co Scaled Net Operating Assets Chart

China Northern Rare Earth (Group) High-Tech Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Scaled Net Operating Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.76 0.86 0.84 0.75 0.77

China Northern Rare Earth (Group) High-Tech Co Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Scaled Net Operating Assets Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.74 0.74 0.71 0.70 0.69

Competitive Comparison of China Northern Rare Earth (Group) High-Tech Co's Scaled Net Operating Assets

For the Other Industrial Metals & Mining subindustry, China Northern Rare Earth (Group) High-Tech Co'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.


China Northern Rare Earth (Group) High-Tech Co's Scaled Net Operating Assets Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, China Northern Rare Earth (Group) High-Tech Co's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where China Northern Rare Earth (Group) High-Tech Co's Scaled Net Operating Assets falls into.



China Northern Rare Earth (Group) High-Tech 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 Northern Rare Earth (Group) High-Tech 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 )
=(34810.584-6611.587)/36646.193
=0.77

where

Operating Assets(A: Dec. 2023 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=40496.655 - 5686.071
=34810.584

Operating Liabilities(A: Dec. 2023 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=13595.363 - 3297.592 - 3686.184
=6611.587

China Northern Rare Earth (Group) High-Tech 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: Sep. 2023 )
=(34810.584-6611.587)/40644.146
=0.69

where

Operating Assets(Q: Dec. 2023 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=40496.655 - 5686.071
=34810.584

Operating Liabilities(Q: Dec. 2023 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=13595.363 - 3297.592 - 3686.184
=6611.587

* 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.


China Northern Rare Earth (Group) High-Tech Co Scaled Net Operating Assets Related Terms

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China Northern Rare Earth (Group) High-Tech Co (SHSE:600111) Business Description

Traded in Other Exchanges
N/A
Address
No. 83 Huanghe Street, Baotou Rare Earth Hi-tech Industrial Development Zone, Inner Mongolia Autonomous Region, Baotou, CHN, 014030
China Northern Rare Earth (Group) High-Tech Co Ltd is a China-based company operating in a non-ferrous metal smelting and rolling processing industry. It refines and sells rare earth minerals and resources.

China Northern Rare Earth (Group) High-Tech Co (SHSE:600111) Headlines

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