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Shandong Linglong Tyre Co (SHSE:601966) Scaled Net Operating Assets : 0.69 (As of Mar. 2024)


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What is Shandong Linglong 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.

Shandong Linglong Tyre Co's operating assets for the quarter that ended in Mar. 2024 was ¥40,046 Mil. Shandong Linglong Tyre Co's operating liabilities for the quarter that ended in Mar. 2024 was ¥10,319 Mil. Shandong Linglong Tyre Co's Total Assets for the quarter that ended in Dec. 2023 was ¥43,330 Mil. Therefore, Shandong Linglong Tyre Co's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2024 was 0.69.


Shandong Linglong Tyre Co Scaled Net Operating Assets Historical Data

The historical data trend for Shandong Linglong 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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Shandong Linglong Tyre Co Scaled Net Operating Assets Chart

Shandong Linglong 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 0.63 0.61 0.73 0.74 0.78

Shandong Linglong Tyre 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 0.70 0.74 0.70 0.70 0.69

Competitive Comparison of Shandong Linglong Tyre Co's Scaled Net Operating Assets

For the Auto Parts subindustry, Shandong Linglong 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.


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

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

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



Shandong Linglong 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.

Shandong Linglong 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 )
=(39323.399-10087.202)/37382.207
=0.78

where

Operating Assets(A: Dec. 2023 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=43330.344 - 4006.945
=39323.399

Operating Liabilities(A: Dec. 2023 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=22419.37 - 2218.826 - 10113.342
=10087.202

Shandong Linglong Tyre 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 )
=(40046.457-10318.911)/43330.344
=0.69

where

Operating Assets(Q: Mar. 2024 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=44261.481 - 4215.024
=40046.457

Operating Liabilities(Q: Mar. 2024 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=22982.283 - 3605.785 - 9057.587
=10318.911

* 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.


Shandong Linglong Tyre Co Scaled Net Operating Assets Related Terms

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Shandong Linglong Tyre Co (SHSE:601966) Business Description

Traded in Other Exchanges
N/A
Address
No. 777, Jinlong Road, Shandong, Zhaoyuan, CHN, 265406
Shandong Linglong Tyre Co Ltd is a China-based tire manufacturing company engaged in the business of manufacturing and selling tires. Its product portfolio comprises of passenger car radial tires, light truck radial tires, truck and bus radial tires, specialty tires, winter tires, SUV tires and others. It offers tire products under the brands Linglong, LEAO, Infinity, Shanling, and Atlas.
Executives
Yang Ke Feng Director
Lv Xiao Yan senior management
Sun Song Tao senior management
Feng Bao Chun senior management

Shandong Linglong Tyre Co (SHSE:601966) Headlines

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