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Ningbo TIP Rubber Technology Co (SHSE:605255) Scaled Net Operating Assets : 0.80 (As of Jun. 2024)


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What is Ningbo TIP Rubber Technology 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 TIP Rubber Technology Co's operating assets for the quarter that ended in Jun. 2024 was ¥766.5 Mil. Ningbo TIP Rubber Technology Co's operating liabilities for the quarter that ended in Jun. 2024 was ¥43.4 Mil. Ningbo TIP Rubber Technology Co's Total Assets for the quarter that ended in Mar. 2024 was ¥898.4 Mil. Therefore, Ningbo TIP Rubber Technology Co's scaled net operating assets (SNOA) for the quarter that ended in Jun. 2024 was 0.80.


Ningbo TIP Rubber Technology Co Scaled Net Operating Assets Historical Data

The historical data trend for Ningbo TIP Rubber Technology 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.

* Premium members only.

Ningbo TIP Rubber Technology Co Scaled Net Operating Assets Chart

Ningbo TIP Rubber Technology Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Scaled Net Operating Assets
Get a 7-Day Free Trial 0.96 0.93 0.63 0.71 0.77

Ningbo TIP Rubber Technology Co Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
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 0.82 0.83 0.79 0.78 0.81

Competitive Comparison of Ningbo TIP Rubber Technology Co's Scaled Net Operating Assets

For the Auto Parts subindustry, Ningbo TIP Rubber Technology 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 TIP Rubber Technology Co's Scaled Net Operating Assets Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Ningbo TIP Rubber Technology Co's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where Ningbo TIP Rubber Technology Co's Scaled Net Operating Assets falls into.



Ningbo TIP Rubber Technology 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 TIP Rubber Technology 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 )
=(759.804-58.432)/911.02
=0.77

where

Operating Assets(A: Dec. 2023 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=903.76 - 143.956
=759.804

Operating Liabilities(A: Dec. 2023 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=60.667 - 1.555 - 0.68
=58.432

Ningbo TIP Rubber Technology Co's Scaled Net Operating Assets (SNOA) for the quarter that ended in Jun. 2024 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Jun. 2024 )
=(Operating Assets (Q: Jun. 2024 )-Operating Liabilities (Q: Jun. 2024 ))/Total Assets (Q: Mar. 2024 )
=(766.511-43.447)/898.433
=0.80

where

Operating Assets(Q: Jun. 2024 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=872.75 - 106.239
=766.511

Operating Liabilities(Q: Jun. 2024 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=45.682 - 1.555 - 0.68
=43.447

* 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.


Ningbo TIP Rubber Technology Co Scaled Net Operating Assets Related Terms

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Ningbo TIP Rubber Technology Co Business Description

Traded in Other Exchanges
N/A
Address
No. 5, Jinlong Road, Taoyuan Street, Ninghai County, Zhejiang Province, Ningbo, CHN, 315600
Ningbo TIP Rubber Technology Co Ltd is engaged in production and sales of automotive polymer fluid piping system and sealing system parts and assemblies. The company's products include Water hose; Fuel hose; Moulded part; Assembly; Rubber compound; metal processing / plastic part; and Hydraulic hose.

Ningbo TIP Rubber Technology Co Headlines

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