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Industrial And Commercial Bank Of China (STU:ICK) Scaled Net Operating Assets : 0.02 (As of Sep. 2024)


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What is Industrial And Commercial Bank Of China 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.

Industrial And Commercial Bank Of China's operating assets for the quarter that ended in Sep. 2024 was €5,479,899 Mil. Industrial And Commercial Bank Of China's operating liabilities for the quarter that ended in Sep. 2024 was €5,346,318 Mil. Industrial And Commercial Bank Of China's Total Assets for the quarter that ended in Jun. 2024 was €6,033,504 Mil. Therefore, Industrial And Commercial Bank Of China's scaled net operating assets (SNOA) for the quarter that ended in Sep. 2024 was 0.02.

Industrial And Commercial Bank Of China 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.

Industrial And Commercial Bank Of China'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 )
=(5059880.192-5011539.592)/5363394.556
=0.01

where

Operating Assets(A: Dec. 2023 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=5740346.411 - 680466.219
=5059880.192

Operating Liabilities(A: Dec. 2023 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=5255327.616 - 243788.024 - 0
=5011539.592

Industrial And Commercial Bank Of China's Scaled Net Operating Assets (SNOA) for the quarter that ended in Sep. 2024 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Sep. 2024 )
=(Operating Assets (Q: Sep. 2024 )-Operating Liabilities (Q: Sep. 2024 ))/Total Assets (Q: Jun. 2024 )
=(5479898.68-5346317.918)/6033504.066
=0.02

where

Operating Assets(Q: Sep. 2024 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=6157481.24 - 677582.56
=5479898.68

Operating Liabilities(Q: Sep. 2024 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=5658050.421 - 311732.503 - 0
=5346317.918

* 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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Industrial And Commercial Bank Of China Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Industrial And Commercial Bank Of China Ltd (STU:ICK) » Definitions » Scaled Net Operating Assets
Comparable Companies
SHSE:601288 SHSE:601939 SHSE:601988 SHSE:601328 JPM BAC WFC LSE:HSBA TSX:RY ASX:CBA TSE:8306 C XSWX:UBSG TSX:TD TSE:8316 XMAD:SAN XMAD:BBVA TSX:BMO ASX:NAB ASX:WBC
Traded in Other Exchanges
IDCBY:USA IDCBF:USA 01398:Hong Kong ICK:Germany 601398:China
Address
3 Garden Road, 33rd Floor, ICBC Tower, Central, Hong Kong, HKG
Website
https://www.icbc-ltd.com
Industrial and Commercial Bank of China was founded in 1984 and is headquartered in Beijing. The bank listed its shares in mainland China and Hong Kong in 2006. It is China's largest by asset scale and by share of lending and deposits. Central Huijin Investment (China's sovereign wealth fund manager) and China's Ministry of Finance are ICBC's two largest shareholders, each with a stake of around 35%. ICBC operates over 16,000 outlets. Of these, 413 outlets are in 49 countries and regions overseas. Corporate banking, retail banking, and wholesale banking accounted for 47%, 40%, and 13% of total revenue, respectively, and 44%, 36%, and 18% of profit before tax in 2023. Overseas banking and other business contributed 12% of total revenue and 9% of profit before tax in 2023.