China Tourism Group Duty Free (SHSE:601888) Scaled Net Operating Assets : 0.41 (As of Dec. 2024)

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What is China Tourism Group Duty Free 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 Tourism Group Duty Free's operating assets for the quarter that ended in Dec. 2024 was ¥41,443 Mil. China Tourism Group Duty Free's operating liabilities for the quarter that ended in Dec. 2024 was ¥10,152 Mil. China Tourism Group Duty Free's Total Assets for the quarter that ended in Sep. 2024 was ¥75,584 Mil. Therefore, China Tourism Group Duty Free's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2024 was 0.41.

China Tourism Group Duty Free Scaled Net Operating Assets Historical Data

The historical data trend for China Tourism Group Duty Free'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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China Tourism Group Duty Free Scaled Net Operating Assets Chart

China Tourism Group Duty Free Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Scaled Net Operating Assets

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0.51

0.62

0.43

0.40

China Tourism Group Duty Free Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Scaled Net Operating Assets	Get a 7-Day Free Trial															0.41	0.39	0.41	0.44	0.41

Competitive Comparison of China Tourism Group Duty Free's Scaled Net Operating Assets

For the Specialty Retail subindustry, China Tourism Group Duty Free'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 Tourism Group Duty Free's Scaled Net Operating Assets Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, China Tourism Group Duty Free's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where China Tourism Group Duty Free's Scaled Net Operating Assets falls into.

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China Tourism Group Duty Free 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 Tourism Group Duty Free's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2024 is calculated as

	Scaled Net Operating Assets (SNOA)		(A: Dec. 2024 )
=	(Operating Assets (A: Dec. 2024 )	-	Operating Liabilities (A: Dec. 2024 ))	/	Total Assets (A: Dec. 2023 )
=	(41443.058	-	10152.445)	/	78869.406
=	0.40

where

	Operating Assets		(A: Dec. 2024 )
=	Total Assets	-	Cash, Cash Equivalents, Marketable Securities
=	76260.374	-	34817.316
=	41443.058

	Operating Liabilities		(A: Dec. 2024 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	15312.037	-	4133.24	-	1026.352
=	10152.445

China Tourism Group Duty Free's Scaled Net Operating Assets (SNOA) for the quarter that ended in Dec. 2024 is calculated as

	Scaled Net Operating Assets (SNOA)		(Q: Dec. 2024 )
=	(Operating Assets (Q: Dec. 2024 )	-	Operating Liabilities (Q: Dec. 2024 ))	/	Total Assets (Q: Sep. 2024 )
=	(41443.058	-	10152.445)	/	75583.919
=	0.41

where

	Operating Assets		(Q: Dec. 2024 )
=	Total Assets	-	Cash, Cash Equivalents, Marketable Securities
=	76260.374	-	34817.316
=	41443.058

	Operating Liabilities		(Q: Dec. 2024 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	15312.037	-	4133.24	-	1026.352
=	10152.445

China Tourism Group Duty Free Scaled Net Operating Assets Related Terms

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China Tourism Group Duty Free Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » China Tourism Group Duty Free Corp Ltd (SHSE:601888) » Definitions » Scaled Net Operating Assets

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Traded in Other Exchanges

01880:Hong Kong

Address

No. 2A, Dongzhimenwai Street, 8th Floor, Building A, Dongcheng District, Beijing, CHN, 100027

Website

https://www.ctgdutyfree.com.cn

Established in 1984, China Tourism Group Duty Free is China's largest and the world's second-largest travel retailer in 2023 with revenue of CNY 67.5 billion. The company primarily operates duty-free stores at airports, border crossings, offshore, downtown, and on flights, cruises and ships, with about 200 stores spanning over 30 provinces in China, as well as overseas. The company also operates a duty-paid business and its 2023 revenue mix comprised 66% duty-free sales and 34% duty-paid sales and others. CTG Duty Free is 50.3% owned by China Tourism Group, a state-owned enterprise that falls directly under the state-owned Asset Supervision and Administration Commission of the State Council.

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