Haitong Securities Co (SHSE:600837) Scaled Net Operating Assets : 0.29 (As of Mar. 2024)

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What is Haitong Securities 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.

Haitong Securities Co's operating assets for the quarter that ended in Mar. 2024 was ¥453,217 Mil. Haitong Securities Co's operating liabilities for the quarter that ended in Mar. 2024 was ¥234,833 Mil. Haitong Securities Co's Total Assets for the quarter that ended in Dec. 2023 was ¥754,587 Mil. Therefore, Haitong Securities Co's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2024 was 0.29.

Haitong Securities 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.

Haitong Securities 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 )
=	(503879.312	-	277851.145)	/	753609.305
=	0.30

where

	Operating Assets		(A: Dec. 2023 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	754586.792	-	250707.48
=	503879.312

	Operating Liabilities		(A: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	579787.233	-	301936.088	-	0
=	277851.145

Haitong Securities Co's Scaled Net Operating Assets (SNOA) for the quarter that ended in Mar. 2024 is calculated as

	Scaled Net Operating Assets (SNOA)		(Q: Mar. 2024 )
=	(Operating Assets (Q: Mar. 2024 )	-	Operating Liabilities (Q: Mar. 2024 ))	/	Total Assets (Q: Dec. 2023 )
=	(453217.111	-	234833.342)	/	754586.792
=	0.29

where

	Operating Assets		(Q: Mar. 2024 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	713945.45	-	260728.339
=	453217.111

	Operating Liabilities		(Q: Mar. 2024 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	541299.915	-	306466.573	-	0
=	234833.342

* 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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Haitong Securities Co (SHSE:600837) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Haitong Securities Co Ltd (SHSE:600837) » Definitions » Scaled Net Operating Assets

Comparable Companies

Traded in Other Exchanges

06837:Hong Kong

Address

No. 689 Guangdong Road, Haitong Securities Building, Shanghai, CHN, 200001

Website

https://www.htsec.com

Haitong Securities Co Ltd is engaged in the securities and futures brokerage business, which trades securities and futures for customers such as individuals, enterprises, and financial institutions; investment banking businesses. It operates in Wealth Management; Investment Banking; Asset Management; Trading and Institution; Finance Lease; and other segments. The Wealth Management Segment derives the majority of revenue and engages in the provision of a full range of financial services and investment solutions to retail and high-net-worth clients. Services provided include brokering and dealing in securities and futures, investment consulting, wealth management as well as financial services such as margin financing, security lending, and stock pledge.