Ningbo PIA Automation Holding (SHSE:688306) Scaled Net Operating Assets : 0.41 (As of Mar. 2024)

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What is Ningbo PIA Automation Holding 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 PIA Automation Holding's operating assets for the quarter that ended in Mar. 2024 was ¥4,235 Mil. Ningbo PIA Automation Holding's operating liabilities for the quarter that ended in Mar. 2024 was ¥2,140 Mil. Ningbo PIA Automation Holding's Total Assets for the quarter that ended in Dec. 2023 was ¥5,156 Mil. Therefore, Ningbo PIA Automation Holding's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2024 was 0.41.

Ningbo PIA Automation Holding Scaled Net Operating Assets Historical Data

The historical data trend for Ningbo PIA Automation Holding'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 PIA Automation Holding Scaled Net Operating Assets Chart

Ningbo PIA Automation Holding Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Scaled Net Operating Assets

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0.43

0.51

0.46

0.64

0.42

Ningbo PIA Automation Holding Quarterly Data
	Dec17	Dec18	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Scaled Net Operating Assets	Get a 7-Day Free Trial														0.45	0.47	0.44	0.40	0.41

Competitive Comparison of Ningbo PIA Automation Holding's Scaled Net Operating Assets

For the Auto Parts subindustry, Ningbo PIA Automation Holding'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 PIA Automation Holding's Scaled Net Operating Assets Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Ningbo PIA Automation Holding's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where Ningbo PIA Automation Holding's Scaled Net Operating Assets falls into.

Ningbo PIA Automation Holding 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 PIA Automation Holding'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 )
=	(4178.484	-	2149.062)	/	4807.718
=	0.42

where

	Operating Assets		(A: Dec. 2023 )
=	Total Assets	-	Cash, Cash Equivalents, Marketable Securities
=	5155.728	-	977.244
=	4178.484

	Operating Liabilities		(A: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	3330.769	-	739.9	-	441.807
=	2149.062

Ningbo PIA Automation Holding's Scaled Net Operating Assets (SNOA) for the quarter that ended in Mar. 2024 is calculated as

	Scaled Net Operating Assets (SNOA)		(Q: Mar. 2024 )
=	(Operating Assets (Q: Mar. 2024 )	-	Operating Liabilities (Q: Mar. 2024 ))	/	Total Assets (Q: Dec. 2023 )
=	(4234.561	-	2140.253)	/	5155.728
=	0.41

where

	Operating Assets		(Q: Mar. 2024 )
=	Total Assets	-	Cash, Cash Equivalents, Marketable Securities
=	5033.147	-	798.586
=	4234.561

	Operating Liabilities		(Q: Mar. 2024 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	3294.298	-	799.104	-	354.941
=	2140.253

Ningbo PIA Automation Holding Scaled Net Operating Assets Related Terms

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Ningbo PIA Automation Holding (SHSE:688306) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Ningbo PIA Automation Holding Corp (SHSE:688306) » Definitions » Scaled Net Operating Assets

Traded in Other Exchanges

N/A

Address

No. 99, Qingyi Road, Building 4, High-tech Zone, Zhejiang Province, Ningbo, CHN, 315040

Website

http://www.piagroup.com.cn

Ningbo PIA Automation Holding Corp is engaged in the research and development, production, sales and service of complete sets of customized assembly and inspection intelligent manufacturing equipment and digital software.

Ningbo PIA Automation Holding (SHSE:688306) Headlines

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