Ningbo Water Meter (Group) Co (SHSE:603700) Scaled Net Operating Assets : 0.65 (As of Sep. 2024)

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What is Ningbo Water Meter (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 Water Meter (Group) Co's operating assets for the quarter that ended in Sep. 2024 was ¥2,028 Mil. Ningbo Water Meter (Group) Co's operating liabilities for the quarter that ended in Sep. 2024 was ¥569 Mil. Ningbo Water Meter (Group) Co's Total Assets for the quarter that ended in Jun. 2024 was ¥2,255 Mil. Therefore, Ningbo Water Meter (Group) Co's scaled net operating assets (SNOA) for the quarter that ended in Sep. 2024 was 0.65.

Ningbo Water Meter (Group) Co Scaled Net Operating Assets Historical Data

The historical data trend for Ningbo Water Meter (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.

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Ningbo Water Meter (Group) Co Scaled Net Operating Assets Chart

Ningbo Water Meter (Group) Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Scaled Net Operating Assets

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0.48

0.36

0.41

0.54

0.52

Ningbo Water Meter (Group) 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															0.61	0.53	0.63	0.65	0.65

Competitive Comparison of Ningbo Water Meter (Group) Co's Scaled Net Operating Assets

For the Electrical Equipment & Parts subindustry, Ningbo Water Meter (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 Water Meter (Group) Co's Scaled Net Operating Assets Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Ningbo Water Meter (Group) Co's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where Ningbo Water Meter (Group) Co's Scaled Net Operating Assets falls into.

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Ningbo Water Meter (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 Water Meter (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 )
=	(1872.813	-	655.381)	/	2350.421
=	0.52

where

	Operating Assets		(A: Dec. 2023 )
=	Total Assets	-	Cash, Cash Equivalents, Marketable Securities
=	2275.659	-	402.846
=	1872.813

	Operating Liabilities		(A: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	666.527	-	0.288	-	10.858
=	655.381

Ningbo Water Meter (Group) 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 )
=	(2028.392	-	569.006)	/	2255.038
=	0.65

where

	Operating Assets		(Q: Sep. 2024 )
=	Total Assets	-	Cash, Cash Equivalents, Marketable Securities
=	2224.613	-	196.221
=	2028.392

	Operating Liabilities		(Q: Sep. 2024 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	637.028	-	0.383	-	67.639
=	569.006

Ningbo Water Meter (Group) Co Scaled Net Operating Assets Related Terms

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Ningbo Water Meter (Group) Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Ningbo Water Meter (Group) Co Ltd (SHSE:603700) » Definitions » Scaled Net Operating Assets

Traded in Other Exchanges

N/A

Address

No. 355, Hongxing Road, Jiangbei District, Zhejiang Province, Ningbo, CHN, 315033

Website

http://www.chinawatermeter.com

Ningbo Water Meter (Group) Co Ltd is engaged in manufacturing water meters. The product portfolio includes liquid sealed water meters, volumetric rotary piston water meter, manual batch control water meter, multi-jet dry type water meter and others.

Executives

Chen Xiang	Supervisors
Xu Yun	Director
Wang Kai Ta	Director
Zhang Shi Hao	Director
Wang Zong Hui	Director
Zhang Lin	Director
Lin Qi	Supervisors
Chen Hai Hua	Supervisors
Xu Da Wei	senior management
Zhao Shao Man	Director

Ningbo Water Meter (Group) Co Headlines

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