China Citic Bank (SHSE:601998) Scaled Net Operating Assets : 0.14 (As of Sep. 2024)

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What is China Citic Bank 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 Citic Bank's operating assets for the quarter that ended in Sep. 2024 was ¥8,455,912 Mil. China Citic Bank's operating liabilities for the quarter that ended in Sep. 2024 was ¥7,211,706 Mil. China Citic Bank's Total Assets for the quarter that ended in Jun. 2024 was ¥9,104,623 Mil. Therefore, China Citic Bank's scaled net operating assets (SNOA) for the quarter that ended in Sep. 2024 was 0.14.

China Citic Bank 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 Citic Bank'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 )
=	(8305551	-	7255256)	/	8547543
=	0.12

where

	Operating Assets		(A: Dec. 2023 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	9052484	-	746933
=	8305551

	Operating Liabilities		(A: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	8317809	-	1062553	-	0
=	7255256

China Citic Bank'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 )
=	(8455912	-	7211706)	/	9104623
=	0.14

where

	Operating Assets		(Q: Sep. 2024 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	9259247	-	803335
=	8455912

	Operating Liabilities		(Q: Sep. 2024 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	8429295	-	1217589	-	0
=	7211706

* 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 Citic Bank Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » China Citic Bank Corp Ltd (SHSE:601998) » Definitions » Scaled Net Operating Assets

Traded in Other Exchanges

CHCJY:USA CHBJF:USA 00998:Hong Kong D7C:Germany D7C:Germany

Address

10 Guanghua Road, 6-30/F and 32-42/F, Building No. 1, Chaoyang District, Beijing, CHN, 100020

Website

https://www.citicbank.com

As the ninth-largest commercial bank in China, China Citic Bank is headquartered in Beijing. It offers a full range of commercial banking services, with 1,459 outlets in 153 cities in China and branches in Hong Kong, Macao, New York, Los Angeles, and Singapore, as of mid-2024. The bank was founded in 1987 and is a major subsidiary of Citic Group, a leading state-owned conglomerate in China.

Executives

Lv Tian Gui	senior management
Zhang Qing	senior management
Fang He Ying	Directors, senior managers
Hu Gang	senior management
Liu Cheng	Directors, senior managers
Lu Jin Gen	senior management
Xie Zhi Bin	senior management
Chen Pan Wu	Supervisors
Ceng Yu Fang	Supervisors
Liu Hong Hua	senior management
Lu Wei	senior management
Guo Dang Huai	Directors, senior managers
Li Qing Ping	Director
Chen Xu Duo Lin	Director