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Zhejiang Xinao Textiles (SHSE:603889) Scaled Net Operating Assets : 0.70 (As of Sep. 2024)


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What is Zhejiang Xinao Textiles 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.

Zhejiang Xinao Textiles's operating assets for the quarter that ended in Sep. 2024 was ¥4,992 Mil. Zhejiang Xinao Textiles's operating liabilities for the quarter that ended in Sep. 2024 was ¥885 Mil. Zhejiang Xinao Textiles's Total Assets for the quarter that ended in Jun. 2024 was ¥5,830 Mil. Therefore, Zhejiang Xinao Textiles's scaled net operating assets (SNOA) for the quarter that ended in Sep. 2024 was 0.70.


Zhejiang Xinao Textiles Scaled Net Operating Assets Historical Data

The historical data trend for Zhejiang Xinao Textiles'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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Zhejiang Xinao Textiles Scaled Net Operating Assets Chart

Zhejiang Xinao Textiles 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 0.67 0.68 0.79 0.68 0.72

Zhejiang Xinao Textiles 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 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 0.71 0.59 0.71 0.73 0.70

Competitive Comparison of Zhejiang Xinao Textiles's Scaled Net Operating Assets

For the Textile Manufacturing subindustry, Zhejiang Xinao Textiles'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.


Zhejiang Xinao Textiles's Scaled Net Operating Assets Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Zhejiang Xinao Textiles's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where Zhejiang Xinao Textiles's Scaled Net Operating Assets falls into.


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Zhejiang Xinao Textiles 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.

Zhejiang Xinao Textiles'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 )
=(4480.217-1148.971)/4646.164
=0.72

where

Operating Assets(A: Dec. 2023 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=5645.28 - 1165.063
=4480.217

Operating Liabilities(A: Dec. 2023 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=2349.752 - 380.323 - 820.458
=1148.971

Zhejiang Xinao Textiles'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 )
=(4992.068-885.225)/5829.584
=0.70

where

Operating Assets(Q: Sep. 2024 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=5858.888 - 866.82
=4992.068

Operating Liabilities(Q: Sep. 2024 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=2366.454 - 678.811 - 802.418
=885.225

* 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.


Zhejiang Xinao Textiles Scaled Net Operating Assets Related Terms

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Zhejiang Xinao Textiles Business Description

Traded in Other Exchanges
N/A
Address
Guanzhuang Bridge, Chongfu Town, Zhejiang Province, Tongxiang City, CHN, 314511
Zhejiang Xinao Textiles Inc along with its subsidiaries is engaged in research, development, production & sales of worsted yarn. The company's main products and services include: worsted, woolen pure wool, and wool blended yarns; woolen, worsted pure cashmere and cashmere blended yarns.
Executives
Liu Pei Yi Directors, senior managers
Hua Xin Zhong Directors, senior managers
Shen Jian Bo Directors, senior managers
Chen Xing senior management
Wang Ling Hua Directors, senior managers
Yu Xiao Lu senior management
Shen Jian Hua Director
Ping Fen Supervisors
Chen Xue Ming Supervisors
Zhou Xiao Tian Director
Li Xin Xue Director
Zhu Gen Ming Director
Wang Ru Ming Supervisors
Tan Lian Gen senior management
Shen Juan Fen Director

Zhejiang Xinao Textiles Headlines

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