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Wuxi Xinhongye Wire And Cable Co (SZSE:301310) Scaled Net Operating Assets : 0.52 (As of Mar. 2024)


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What is Wuxi Xinhongye Wire And Cable 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.

Wuxi Xinhongye Wire And Cable Co's operating assets for the quarter that ended in Mar. 2024 was ¥2,828 Mil. Wuxi Xinhongye Wire And Cable Co's operating liabilities for the quarter that ended in Mar. 2024 was ¥1,075 Mil. Wuxi Xinhongye Wire And Cable Co's Total Assets for the quarter that ended in Dec. 2023 was ¥3,383 Mil. Therefore, Wuxi Xinhongye Wire And Cable Co's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2024 was 0.52.


Wuxi Xinhongye Wire And Cable Co Scaled Net Operating Assets Historical Data

The historical data trend for Wuxi Xinhongye Wire And Cable 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.

Wuxi Xinhongye Wire And Cable Co Scaled Net Operating Assets Chart

Wuxi Xinhongye Wire And Cable Co Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Scaled Net Operating Assets
Get a 7-Day Free Trial 0.50 0.56 0.39 0.12 0.71

Wuxi Xinhongye Wire And Cable Co Quarterly Data
Dec18 Dec19 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 0.11 0.12 0.13 0.44 0.52

Competitive Comparison of Wuxi Xinhongye Wire And Cable Co's Scaled Net Operating Assets

For the Electrical Equipment & Parts subindustry, Wuxi Xinhongye Wire And Cable 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.


Wuxi Xinhongye Wire And Cable Co's Scaled Net Operating Assets Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Wuxi Xinhongye Wire And Cable Co's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where Wuxi Xinhongye Wire And Cable Co's Scaled Net Operating Assets falls into.



Wuxi Xinhongye Wire And Cable 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.

Wuxi Xinhongye Wire And Cable 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 )
=(2737.54-1099.334)/2309.599
=0.71

where

Operating Assets(A: Dec. 2023 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=3382.794 - 645.254
=2737.54

Operating Liabilities(A: Dec. 2023 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1135.922 - 1.617 - 34.971
=1099.334

Wuxi Xinhongye Wire And Cable 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 )
=(2828.343-1074.607)/3382.794
=0.52

where

Operating Assets(Q: Mar. 2024 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=3435.031 - 606.688
=2828.343

Operating Liabilities(Q: Mar. 2024 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1157.802 - 1.315 - 81.88
=1074.607

* 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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Wuxi Xinhongye Wire And Cable Co (SZSE:301310) Business Description

Traded in Other Exchanges
N/A
Address
No. 17, Hexin Road, Xishan Economic and Technological Development Zone, Jiangsu, Wuxi, CHN, 214101
Wuxi Xinhongye Wire And Cable Co Ltd are engaged in Research &Development, production, and sales of photovoltaic cables, new energy vehicle cables, industrial cables, and other special cables. The company has broad market development prospects, and its products are widely used in various industries such as power distribution systems, automobiles, new energy vehicles, electrical wiring harnesses, UPS power supplies, transformers, motors, sensors, thermal protectors, and new energy sources worldwide.

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