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Xiangyang Automobile Bearing Co (SZSE:000678) Scaled Net Operating Assets : 0.52 (As of Mar. 2024)


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What is Xiangyang Automobile Bearing 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.

Xiangyang Automobile Bearing Co's operating assets for the quarter that ended in Mar. 2024 was ¥2,211 Mil. Xiangyang Automobile Bearing Co's operating liabilities for the quarter that ended in Mar. 2024 was ¥970 Mil. Xiangyang Automobile Bearing Co's Total Assets for the quarter that ended in Dec. 2023 was ¥2,386 Mil. Therefore, Xiangyang Automobile Bearing Co's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2024 was 0.52.


Xiangyang Automobile Bearing Co Scaled Net Operating Assets Historical Data

The historical data trend for Xiangyang Automobile Bearing 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.

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Xiangyang Automobile Bearing Co Scaled Net Operating Assets Chart

Xiangyang Automobile Bearing Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Scaled Net Operating Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.67 0.66 0.63 0.55 0.52

Xiangyang Automobile Bearing Co Quarterly Data
Jun19 Sep19 Dec19 Mar20 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 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 0.54 0.54 0.51 0.48 0.52

Competitive Comparison of Xiangyang Automobile Bearing Co's Scaled Net Operating Assets

For the Auto Parts subindustry, Xiangyang Automobile Bearing 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.


Xiangyang Automobile Bearing Co's Scaled Net Operating Assets Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Xiangyang Automobile Bearing Co's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where Xiangyang Automobile Bearing Co's Scaled Net Operating Assets falls into.



Xiangyang Automobile Bearing 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.

Xiangyang Automobile Bearing 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 )
=(2206.829-966.98)/2401.762
=0.52

where

Operating Assets(A: Dec. 2023 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=2385.724 - 178.895
=2206.829

Operating Liabilities(A: Dec. 2023 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1459.656 - 16.375 - 476.301
=966.98

Xiangyang Automobile Bearing 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 )
=(2211.106-970.144)/2385.724
=0.52

where

Operating Assets(Q: Mar. 2024 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=2383.05 - 171.944
=2211.106

Operating Liabilities(Q: Mar. 2024 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1470.488 - 16.299 - 484.045
=970.144

* 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.


Xiangyang Automobile Bearing Co Scaled Net Operating Assets Related Terms

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Xiangyang Automobile Bearing Co (SZSE:000678) Business Description

Traded in Other Exchanges
N/A
Address
No. 97 Dengcheng Avenue, Hubei Province, Xiangyang, CHN, 441057
Xiangyang Automobile Bearing Co Ltd is primarily engaged in the manufacture and sales of bearings and accessories, automobile spare parts, mechanical and electronic devices, bearing equipment and related components in China. The products of the group are exported to Europe, America and Southeast Asia and other countries and regions. Further it has set up around 28 sales branches throughout the country, and hold up to 14 distribution centers. The sales and service network covers all major cities.
Executives
Tang Yong Executives
Gao Shao Bing Directors, executives
Wang Guan Bing Executives
Yuan Zhan Supervisors
Song Hui Min Director

Xiangyang Automobile Bearing Co (SZSE:000678) Headlines

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