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Triangle Tyre Co (SHSE:601163) Scaled Net Operating Assets : 0.65 (As of Sep. 2024)


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What is Triangle Tyre 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.

Triangle Tyre Co's operating assets for the quarter that ended in Sep. 2024 was ¥16,711 Mil. Triangle Tyre Co's operating liabilities for the quarter that ended in Sep. 2024 was ¥4,366 Mil. Triangle Tyre Co's Total Assets for the quarter that ended in Jun. 2024 was ¥19,113 Mil. Therefore, Triangle Tyre Co's scaled net operating assets (SNOA) for the quarter that ended in Sep. 2024 was 0.65.


Triangle Tyre Co Scaled Net Operating Assets Historical Data

The historical data trend for Triangle Tyre 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.

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Triangle Tyre Co Scaled Net Operating Assets Chart

Triangle Tyre 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 0.38 0.60 0.65 0.62 0.68

Triangle Tyre 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 0.64 0.65 0.66 0.63 0.65

Competitive Comparison of Triangle Tyre Co's Scaled Net Operating Assets

For the Auto Parts subindustry, Triangle Tyre 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.


Triangle Tyre Co's Scaled Net Operating Assets Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Triangle Tyre Co's Scaled Net Operating Assets distribution charts can be found below:

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


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Triangle Tyre 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.

Triangle Tyre 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 )
=(16600.875-4586.965)/17693.317
=0.68

where

Operating Assets(A: Dec. 2023 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=18758.173 - 2157.298
=16600.875

Operating Liabilities(A: Dec. 2023 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=5885.761 - 156.084 - 1142.712
=4586.965

Triangle Tyre 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 )
=(16710.972-4366.254)/19112.785
=0.65

where

Operating Assets(Q: Sep. 2024 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=18866.047 - 2155.075
=16710.972

Operating Liabilities(Q: Sep. 2024 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=5639.044 - 22.154 - 1250.636
=4366.254

* 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.


Triangle Tyre Co Scaled Net Operating Assets Related Terms

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Triangle Tyre Co Business Description

Traded in Other Exchanges
N/A
Address
56 Middle Qingdao Road, Shandong Province, Weihai, CHN, 264200
Triangle Tyre Co Ltd is a tire manufacturing company. Its range of products covers commercial tires, passenger tires, bias OTR tires, radial OTR tires, jumbo OTR tires and others. It holds enormous foreign and Chinese patent portfolio and plays the key role in setting national and professional tire industry standards. Further, it has built a global partnership with various brands such as Caterpillar, Terex, Doosan, Hyundai and Volvo and others. Geographically, its presence is seen in both Chinese and international market.
Executives
Ding Mu Director
Ding Yu Hua Director

Triangle Tyre Co Headlines

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