Guangdong Modern High-Tech Fiber Co (SZSE:300876) Scaled Net Operating Assets : 0.89 (As of Sep. 2024)

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What is Guangdong Modern High-Tech Fiber 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.

Guangdong Modern High-Tech Fiber Co's operating assets for the quarter that ended in Sep. 2024 was ¥1,577.0 Mil. Guangdong Modern High-Tech Fiber Co's operating liabilities for the quarter that ended in Sep. 2024 was ¥76.0 Mil. Guangdong Modern High-Tech Fiber Co's Total Assets for the quarter that ended in Jun. 2024 was ¥1,695.7 Mil. Therefore, Guangdong Modern High-Tech Fiber Co's scaled net operating assets (SNOA) for the quarter that ended in Sep. 2024 was 0.89.

Guangdong Modern High-Tech Fiber Co Scaled Net Operating Assets Historical Data

The historical data trend for Guangdong Modern High-Tech Fiber 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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Guangdong Modern High-Tech Fiber Co Scaled Net Operating Assets Chart

Guangdong Modern High-Tech Fiber Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Scaled Net Operating Assets

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0.81

1.12

0.61

0.77

0.96

Guangdong Modern High-Tech Fiber Co Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Scaled Net Operating Assets	Get a 7-Day Free Trial															0.74	0.81	0.96	0.87	0.89

Competitive Comparison of Guangdong Modern High-Tech Fiber Co's Scaled Net Operating Assets

For the Textile Manufacturing subindustry, Guangdong Modern High-Tech Fiber 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.

Guangdong Modern High-Tech Fiber Co's Scaled Net Operating Assets Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Guangdong Modern High-Tech Fiber Co's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where Guangdong Modern High-Tech Fiber Co's Scaled Net Operating Assets falls into.

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Guangdong Modern High-Tech Fiber 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.

Guangdong Modern High-Tech Fiber 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 )
=	(1281.841	-	94.065)	/	1236.877
=	0.96

where

	Operating Assets		(A: Dec. 2023 )
=	Total Assets	-	Cash, Cash Equivalents, Marketable Securities
=	1467.878	-	186.037
=	1281.841

	Operating Liabilities		(A: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	498.776	-	309.242	-	95.469
=	94.065

Guangdong Modern High-Tech Fiber Co'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 )
=	(1577.022	-	75.963)	/	1695.683
=	0.89

where

	Operating Assets		(Q: Sep. 2024 )
=	Total Assets	-	Cash, Cash Equivalents, Marketable Securities
=	1703.442	-	126.42
=	1577.022

	Operating Liabilities		(Q: Sep. 2024 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	783.828	-	321.561	-	386.304
=	75.963

Guangdong Modern High-Tech Fiber Co Scaled Net Operating Assets Related Terms

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Guangdong Modern High-Tech Fiber Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Guangdong Modern High-Tech Fiber Co Ltd (SZSE:300876) » Definitions » Scaled Net Operating Assets

Traded in Other Exchanges

N/A

Address

Xipian Industrial Zone, Jiedong City, Guangdong Province, Jieyang, CHN, 515500

Website

http://www.gdguangdong.com

Guangdong Modern High-Tech Fiber Co Ltd is engaged in production and sales of polypropylene fiber. The company's product categories include MODERNS PP Microfiber; Differential Fiber PP Yarn; PP intermingled FDY; PP Profiled Yarn; PP Twisted Yarn; PP BCF YARN; and PP ATY.

Executives

Zhu Shao Fen	Directors, executives
Zheng Xiao Yi	Executives

Guangdong Modern High-Tech Fiber Co Headlines

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