Ningbo Changhong Polymer Scientific & Technical (SHSE:605008) Scaled Net Operating Assets : 0.82 (As of Dec. 2024)

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What is Ningbo Changhong Polymer Scientific & Technical 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 Changhong Polymer Scientific & Technical's operating assets for the quarter that ended in Dec. 2024 was ¥4,882 Mil. Ningbo Changhong Polymer Scientific & Technical's operating liabilities for the quarter that ended in Dec. 2024 was ¥790 Mil. Ningbo Changhong Polymer Scientific & Technical's Total Assets for the quarter that ended in Sep. 2024 was ¥5,004 Mil. Therefore, Ningbo Changhong Polymer Scientific & Technical's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2024 was 0.82.

Ningbo Changhong Polymer Scientific & Technical Scaled Net Operating Assets Historical Data

The historical data trend for Ningbo Changhong Polymer Scientific & Technical'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 Changhong Polymer Scientific & Technical Scaled Net Operating Assets Chart

Ningbo Changhong Polymer Scientific & Technical Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Scaled Net Operating Assets

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1.10

1.06

0.90

0.96

0.87

Ningbo Changhong Polymer Scientific & Technical Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Scaled Net Operating Assets	Get a 7-Day Free Trial															0.83	0.85	0.81	0.79	0.82

Competitive Comparison of Ningbo Changhong Polymer Scientific & Technical's Scaled Net Operating Assets

For the Specialty Chemicals subindustry, Ningbo Changhong Polymer Scientific & Technical'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 Changhong Polymer Scientific & Technical's Scaled Net Operating Assets Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Ningbo Changhong Polymer Scientific & Technical's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where Ningbo Changhong Polymer Scientific & Technical's Scaled Net Operating Assets falls into.

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Ningbo Changhong Polymer Scientific & Technical 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 Changhong Polymer Scientific & Technical's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2024 is calculated as

	Scaled Net Operating Assets (SNOA)		(A: Dec. 2024 )
=	(Operating Assets (A: Dec. 2024 )	-	Operating Liabilities (A: Dec. 2024 ))	/	Total Assets (A: Dec. 2023 )
=	(4881.983	-	789.517)	/	4698.233
=	0.87

where

	Operating Assets		(A: Dec. 2024 )
=	Total Assets	-	Cash, Cash Equivalents, Marketable Securities
=	5160.61	-	278.627
=	4881.983

	Operating Liabilities		(A: Dec. 2024 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	3168.149	-	686.499	-	1692.133
=	789.517

Ningbo Changhong Polymer Scientific & Technical's Scaled Net Operating Assets (SNOA) for the quarter that ended in Dec. 2024 is calculated as

	Scaled Net Operating Assets (SNOA)		(Q: Dec. 2024 )
=	(Operating Assets (Q: Dec. 2024 )	-	Operating Liabilities (Q: Dec. 2024 ))	/	Total Assets (Q: Sep. 2024 )
=	(4881.983	-	789.517)	/	5003.546
=	0.82

where

	Operating Assets		(Q: Dec. 2024 )
=	Total Assets	-	Cash, Cash Equivalents, Marketable Securities
=	5160.61	-	278.627
=	4881.983

	Operating Liabilities		(Q: Dec. 2024 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	3168.149	-	686.499	-	1692.133
=	789.517

Ningbo Changhong Polymer Scientific & Technical Scaled Net Operating Assets Related Terms

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Ningbo Changhong Polymer Scientific & Technical Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Ningbo Changhong Polymer Scientific & Technical Inc (SHSE:605008) » Definitions » Scaled Net Operating Assets

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Address

No. 108, Qijiashan Gangkou Road, Beilun District, Zhejiang Province, Ningbo, CHN, 315803

Website

http://www.changhongpolymer.com

Ningbo Changhong Polymer Scientific & Technical Inc is engaged in production and sales of styrene-based thermoplastic elastomers (TPES). The company's products include Sstyrene-butadiene-styrene (SBS) and Styrene-ethylene-butylene-styrene (SEBS). Its products are used in many industrial fields such as shoes materials, asphalt modification, plastic modification, adhesive agent, medicine, health products, waterproofing materials, and construction materials, environmental-friendly plastic runway and bicycle tyre.

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