Ningbo Gaofa Automotive Control System Co (SHSE:603788) Scaled Net Operating Assets : 0.55 (As of Sep. 2024)

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What is Ningbo Gaofa Automotive Control System 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 Gaofa Automotive Control System Co's operating assets for the quarter that ended in Sep. 2024 was ¥1,819 Mil. Ningbo Gaofa Automotive Control System Co's operating liabilities for the quarter that ended in Sep. 2024 was ¥452 Mil. Ningbo Gaofa Automotive Control System Co's Total Assets for the quarter that ended in Jun. 2024 was ¥2,480 Mil. Therefore, Ningbo Gaofa Automotive Control System Co's scaled net operating assets (SNOA) for the quarter that ended in Sep. 2024 was 0.55.

Ningbo Gaofa Automotive Control System Co Scaled Net Operating Assets Historical Data

The historical data trend for Ningbo Gaofa Automotive Control System 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 Gaofa Automotive Control System Co Scaled Net Operating Assets Chart

Ningbo Gaofa Automotive Control System Co Annual Data

Trend

Dec14

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Dec16

Dec17

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Dec19

Dec20

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Dec22

Dec23

Scaled Net Operating Assets

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0.21

0.29

0.38

0.48

Ningbo Gaofa Automotive Control System 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															0.53	0.48	0.53	0.53	0.55

Competitive Comparison of Ningbo Gaofa Automotive Control System Co's Scaled Net Operating Assets

For the Auto Parts subindustry, Ningbo Gaofa Automotive Control System 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 Gaofa Automotive Control System Co's Scaled Net Operating Assets Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Ningbo Gaofa Automotive Control System Co's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where Ningbo Gaofa Automotive Control System Co's Scaled Net Operating Assets falls into.

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Ningbo Gaofa Automotive Control System 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 Gaofa Automotive Control System 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 )
=	(1601.494	-	480.776)	/	2314.57
=	0.48

where

	Operating Assets		(A: Dec. 2023 )
=	Total Assets	-	Cash, Cash Equivalents, Marketable Securities
=	2521.273	-	919.779
=	1601.494

	Operating Liabilities		(A: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	506.046	-	10.02	-	15.25
=	480.776

Ningbo Gaofa Automotive Control System 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 )
=	(1818.806	-	451.644)	/	2479.677
=	0.55

where

	Operating Assets		(Q: Sep. 2024 )
=	Total Assets	-	Cash, Cash Equivalents, Marketable Securities
=	2495.317	-	676.511
=	1818.806

	Operating Liabilities		(Q: Sep. 2024 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	462.086	-	0	-	10.442
=	451.644

Ningbo Gaofa Automotive Control System Co Scaled Net Operating Assets Related Terms

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Ningbo Gaofa Automotive Control System Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Ningbo Gaofa Automotive Control System Co Ltd (SHSE:603788) » Definitions » Scaled Net Operating Assets

Traded in Other Exchanges

N/A

Address

No.717 XiaYing North Road, Ningbo Yinzhou Investment and Entrepreneurship Center, Ningbo, CHN, 315105

Website

http://www.gaofacable.com

Ningbo Gaofa Automotive Control System Co Ltd is engaged in the research & development, production, and sales of automotive control systems. The company's main products include three categories: automotive speed control system assembly, electronic accelerator pedal, and automotive cable.

Executives

Zhu Zhi Rong	Director
Qian Gao Fa	Director
Zhou Hong	Director
Qian Guo Nian	Director
Qian Guo Yao	Director

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