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Shanghai Suochen Information Technology Co (SHSE:688507) Scaled Net Operating Assets : 0.24 (As of Mar. 2024)


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What is Shanghai Suochen Information 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.

Shanghai Suochen Information Technology Co's operating assets for the quarter that ended in Mar. 2024 was ¥837.6 Mil. Shanghai Suochen Information Technology Co's operating liabilities for the quarter that ended in Mar. 2024 was ¥112.0 Mil. Shanghai Suochen Information Technology Co's Total Assets for the quarter that ended in Dec. 2023 was ¥3,087.4 Mil. Therefore, Shanghai Suochen Information Technology Co's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2024 was 0.24.


Shanghai Suochen Information Technology Co Scaled Net Operating Assets Historical Data

The historical data trend for Shanghai Suochen Information 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.

Shanghai Suochen Information Technology Co Scaled Net Operating Assets Chart

Shanghai Suochen Information Technology Co Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Scaled Net Operating Assets
0.54 0.57 0.70 0.72 0.98

Shanghai Suochen Information Technology Co Quarterly Data
Dec19 Dec20 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 0.69 0.81 0.19 0.25 0.24

Competitive Comparison of Shanghai Suochen Information Technology Co's Scaled Net Operating Assets

For the Software - Application subindustry, Shanghai Suochen Information 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.


Shanghai Suochen Information Technology Co's Scaled Net Operating Assets Distribution in the Software Industry

For the Software industry and Technology sector, Shanghai Suochen Information Technology Co's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where Shanghai Suochen Information Technology Co's Scaled Net Operating Assets falls into.



Shanghai Suochen Information 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.

Shanghai Suochen Information 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 )
=(860.385-152.901)/724.98
=0.98

where

Operating Assets(A: Dec. 2023 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=3087.416 - 2227.031
=860.385

Operating Liabilities(A: Dec. 2023 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=167.254 - 5.956 - 8.397
=152.901

Shanghai Suochen Information Technology Co'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 )
=(837.615-112.037)/3087.416
=0.24

where

Operating Assets(Q: Mar. 2024 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=2999.207 - 2161.592
=837.615

Operating Liabilities(Q: Mar. 2024 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=124.367 - 3.676 - 8.654
=112.037

* 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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Shanghai Suochen Information Technology Co (SHSE:688507) Business Description

Traded in Other Exchanges
N/A
Address
No. 27, Xinjinqiao Road, 2F, Building No. 13, China (Shanghai) Pilot Free Trade Zone, Shanghai, CHN, 201206
Shanghai Suochen Information Technology Co Ltd takes simulation to lead the future, achieve customer innovation as its corporate vision, and develops engineering simulation software and related solutions independently. Suochen Technology is a high-tech enterprise focusing on CAE software R&D, sales and service. Computer Aided Engineering (CAE) refers to the use of computer software to simulate the working status and behavior of products/engineering projects based on physical models in the product/engineering design stage to predict their functional availability, reliability, efficiency and safety. performance, etc., to achieve product/engineering design optimization, to ensure that the product/project achieves the expected function and meets various performance indicators.

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