GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Hit Welding Industry Co Ltd (SZSE:301137) » Definitions » Scaled Net Operating Assets

Hit Welding Industry Co (SZSE:301137) Scaled Net Operating Assets : 0.55 (As of Sep. 2024)


View and export this data going back to 2022. Start your Free Trial

What is Hit Welding Industry 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.

Hit Welding Industry Co's operating assets for the quarter that ended in Sep. 2024 was ¥1,579 Mil. Hit Welding Industry Co's operating liabilities for the quarter that ended in Sep. 2024 was ¥472 Mil. Hit Welding Industry Co's Total Assets for the quarter that ended in Jun. 2024 was ¥2,027 Mil. Therefore, Hit Welding Industry Co's scaled net operating assets (SNOA) for the quarter that ended in Sep. 2024 was 0.55.


Hit Welding Industry Co Scaled Net Operating Assets Historical Data

The historical data trend for Hit Welding Industry 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.

Hit Welding Industry Co Scaled Net Operating Assets Chart

Hit Welding Industry Co Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Scaled Net Operating Assets
Get a 7-Day Free Trial 0.53 0.49 0.56 0.62 0.52

Hit Welding Industry Co Quarterly Data
Dec18 Dec19 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 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 0.51 0.50 0.53 0.54 0.55

Competitive Comparison of Hit Welding Industry Co's Scaled Net Operating Assets

For the Specialty Industrial Machinery subindustry, Hit Welding Industry 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.


Hit Welding Industry Co's Scaled Net Operating Assets Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Hit Welding Industry Co's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where Hit Welding Industry Co's Scaled Net Operating Assets falls into.



Hit Welding Industry 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.

Hit Welding Industry 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 )
=(1528.914-476.723)/2034.786
=0.52

where

Operating Assets(A: Dec. 2023 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=2069.406 - 540.492
=1528.914

Operating Liabilities(A: Dec. 2023 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=729.912 - 2.923 - 250.266
=476.723

Hit Welding Industry 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 )
=(1578.637-471.769)/2027.153
=0.55

where

Operating Assets(Q: Sep. 2024 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=2041.874 - 463.237
=1578.637

Operating Liabilities(Q: Sep. 2024 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=709.093 - 3.976 - 233.348
=471.769

* 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.


Hit Welding Industry Co Scaled Net Operating Assets Related Terms

Thank you for viewing the detailed overview of Hit Welding Industry Co's Scaled Net Operating Assets provided by GuruFocus.com. Please click on the following links to see related term pages.


Hit Welding Industry Co Business Description

Traded in Other Exchanges
N/A
Address
Yaoguan Town, Wujin District, Jiangsu Province, Changzhou, CHN, 213102
Hit Welding Industry Co Ltd is engaged in research and development, production and sales of various fusion welding materials. The company manufactures metal welding wire, special electrode, welding accessories, trackless guide permanent magnet wheel crawler type all-position autonomous crawling arc welding robot, hoisting machinery equipment manufacturing, and welding equipment.

Hit Welding Industry Co Headlines

No Headlines