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Solax Power Network Technology (Zhejiang) Co (SHSE:688717) Scaled Net Operating Assets : 0.24 (As of Mar. 2024)


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What is Solax Power Network Technology (Zhejiang) 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.

Solax Power Network Technology (Zhejiang) Co's operating assets for the quarter that ended in Mar. 2024 was ¥2,316 Mil. Solax Power Network Technology (Zhejiang) Co's operating liabilities for the quarter that ended in Mar. 2024 was ¥1,048 Mil. Solax Power Network Technology (Zhejiang) Co's Total Assets for the quarter that ended in Dec. 2023 was ¥5,355 Mil. Therefore, Solax Power Network Technology (Zhejiang) Co's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2024 was 0.24.


Solax Power Network Technology (Zhejiang) Co Scaled Net Operating Assets Historical Data

The historical data trend for Solax Power Network Technology (Zhejiang) 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.

Solax Power Network Technology (Zhejiang) Co Scaled Net Operating Assets Chart

Solax Power Network Technology (Zhejiang) Co Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Scaled Net Operating Assets
0.27 0.14 - 0.70 0.42

Solax Power Network Technology (Zhejiang) Co Quarterly Data
Dec19 Dec20 Sep21 Dec21 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 - - 0.32 0.40 0.24

Competitive Comparison of Solax Power Network Technology (Zhejiang) Co's Scaled Net Operating Assets

For the Solar subindustry, Solax Power Network Technology (Zhejiang) 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.


Solax Power Network Technology (Zhejiang) Co's Scaled Net Operating Assets Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Solax Power Network Technology (Zhejiang) Co's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where Solax Power Network Technology (Zhejiang) Co's Scaled Net Operating Assets falls into.



Solax Power Network Technology (Zhejiang) 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.

Solax Power Network Technology (Zhejiang) 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 )
=(2316.672-946.472)/3230.254
=0.42

where

Operating Assets(A: Dec. 2023 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=5355.18 - 3038.508
=2316.672

Operating Liabilities(A: Dec. 2023 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1014.726 - 46.645 - 21.609
=946.472

Solax Power Network Technology (Zhejiang) 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 )
=(2315.582-1048.422)/5355.18
=0.24

where

Operating Assets(Q: Mar. 2024 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=5490.021 - 3174.439
=2315.582

Operating Liabilities(Q: Mar. 2024 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1117.222 - 47.305 - 21.495
=1048.422

* 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.


Solax Power Network Technology (Zhejiang) Co Scaled Net Operating Assets Related Terms

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Solax Power Network Technology (Zhejiang) Co (SHSE:688717) Business Description

Comparable Companies
Traded in Other Exchanges
N/A
Address
No. 333 Lianhua Street, 9th Floor, Tower C, Lianhua Business Center, Xihu District, Zhejiang Province, Hangzhou, CHN, 310063
Solax Power Network Technology (Zhejiang) Co Ltd is engaged in providing photovoltaic energy storage systems and products.

Solax Power Network Technology (Zhejiang) Co (SHSE:688717) Headlines

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