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Ningbo Jintian Copper Group Co (SHSE:601609) Scaled Net Operating Assets : 0.98 (As of Mar. 2024)


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What is Ningbo Jintian Copper Group 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.

Ningbo Jintian Copper Group Co's operating assets for the quarter that ended in Mar. 2024 was ¥24,784 Mil. Ningbo Jintian Copper Group Co's operating liabilities for the quarter that ended in Mar. 2024 was ¥3,450 Mil. Ningbo Jintian Copper Group Co's Total Assets for the quarter that ended in Dec. 2023 was ¥21,831 Mil. Therefore, Ningbo Jintian Copper Group Co's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2024 was 0.98.


Ningbo Jintian Copper Group Co Scaled Net Operating Assets Historical Data

The historical data trend for Ningbo Jintian Copper Group 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.

Ningbo Jintian Copper Group Co Scaled Net Operating Assets Chart

Ningbo Jintian Copper Group 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 0.73 0.84 0.97 0.70 0.86

Ningbo Jintian Copper Group Co Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 0.90 0.76 0.82 0.72 0.98

Competitive Comparison of Ningbo Jintian Copper Group Co's Scaled Net Operating Assets

For the Copper subindustry, Ningbo Jintian Copper Group 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.


Ningbo Jintian Copper Group Co's Scaled Net Operating Assets Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Ningbo Jintian Copper Group Co's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where Ningbo Jintian Copper Group Co's Scaled Net Operating Assets falls into.



Ningbo Jintian Copper Group 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.

Ningbo Jintian Copper Group 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 )
=(21106.638-3850.907)/20008.211
=0.86

where

Operating Assets(A: Dec. 2023 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=21831.328 - 724.69
=21106.638

Operating Liabilities(A: Dec. 2023 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=13347.213 - 5456.818 - 4039.488
=3850.907

Ningbo Jintian Copper Group 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 )
=(24784.362-3449.846)/21831.328
=0.98

where

Operating Assets(Q: Mar. 2024 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=25931.751 - 1147.389
=24784.362

Operating Liabilities(Q: Mar. 2024 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=17340.888 - 7965.37 - 5925.672
=3449.846

* 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.


Ningbo Jintian Copper Group Co Scaled Net Operating Assets Related Terms

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Ningbo Jintian Copper Group Co (SHSE:601609) Business Description

Traded in Other Exchanges
N/A
Address
No.1 West West Road, Cicheng Town, Zhejiang Province, Ningbo, CHN, 315034
Ningbo Jintian Copper Group Co Ltd is engaged in production and sales of recycled copper smelting, copper product processing, deep processing and sintered NdFeB permanent magnet materials. Its activity includes nonferrous and ferrous metal rolling, processing; manufacturing and processing of grinding wheels, wires, motors, hardware, valves, electronic components, fasteners; enameled wire, electrolytic copper, copper rods, plates, tapes, wires, tubes, magnetic materials, stainless steel products.

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