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Spring Airlines Co (SHSE:601021) Scaled Net Operating Assets : 0.63 (As of Sep. 2024)


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What is Spring Airlines 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.

Spring Airlines Co's operating assets for the quarter that ended in Sep. 2024 was ¥33,254 Mil. Spring Airlines Co's operating liabilities for the quarter that ended in Sep. 2024 was ¥6,407 Mil. Spring Airlines Co's Total Assets for the quarter that ended in Jun. 2024 was ¥42,306 Mil. Therefore, Spring Airlines Co's scaled net operating assets (SNOA) for the quarter that ended in Sep. 2024 was 0.63.


Spring Airlines Co Scaled Net Operating Assets Historical Data

The historical data trend for Spring Airlines 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.

Spring Airlines Co Scaled Net Operating Assets Chart

Spring Airlines 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 0.65 0.81 0.70 0.74 0.61

Spring Airlines Co Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 0.60 0.58 0.63 0.61 0.64

Competitive Comparison of Spring Airlines Co's Scaled Net Operating Assets

For the Airlines subindustry, Spring Airlines 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.


Spring Airlines Co's Scaled Net Operating Assets Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Spring Airlines Co's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where Spring Airlines Co's Scaled Net Operating Assets falls into.


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Spring Airlines 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.

Spring Airlines 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 )
=(32655.2-6285.048)/43419.682
=0.61

where

Operating Assets(A: Dec. 2023 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=44237.903 - 11582.703
=32655.2

Operating Liabilities(A: Dec. 2023 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=28487.993 - 13281.855 - 8921.09
=6285.048

Spring Airlines Co'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 )
=(33253.906-6407.103)/42306.333
=0.63

where

Operating Assets(Q: Sep. 2024 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=42865.503 - 9611.597
=33253.906

Operating Liabilities(Q: Sep. 2024 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=25149.739 - 14382.701 - 4359.935
=6407.103

* 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.


Spring Airlines Co Scaled Net Operating Assets Related Terms

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Spring Airlines Co Business Description

Traded in Other Exchanges
N/A
Address
Shanghai Changning District No. 528, Shanghai, CHN, 200335
Spring Airlines Co Ltd operates as a low-cost airline in China engages in the provision of local and international aviation services. It operates a fleet of Airbus A320 aircraft. It offers domestic routes such as Guangzhou, Zhuhai, Kunming, Xiamen, Shenyang, Harbin, Urumqi, Haikou, Guilin, Wenzhou and Qingdao. The company also offers international routes within Asia. It also provides insurance service which includes Standard Accident Insurance, Overseas Travel Insurance and Flight Delay and Cancellation Insurance.

Spring Airlines Co Headlines

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