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X Financial (X Financial) Scaled Net Operating Assets : 0.31 (As of Mar. 2024)


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What is X Financial 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.

X Financial's operating assets for the quarter that ended in Mar. 2024 was $1,267.7 Mil. X Financial's operating liabilities for the quarter that ended in Mar. 2024 was $761.2 Mil. X Financial's Total Assets for the quarter that ended in Dec. 2023 was $1,631.6 Mil. Therefore, X Financial's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2024 was 0.31.

X Financial 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.

X Financial'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 )
=(1225.764-731.779)/1267.648
=0.39

where

Operating Assets(A: Dec. 2023 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=1631.61 - 405.846
=1225.764

Operating Liabilities(A: Dec. 2023 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=812.708 - 1.8 - 79.129
=731.779

X Financial'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 )
=(1267.737-761.182)/1631.61
=0.31

where

Operating Assets(Q: Mar. 2024 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=1685.571 - 417.834
=1267.737

Operating Liabilities(Q: Mar. 2024 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=821.517 - 0 - 60.335
=761.182

* 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.

X Financial Scaled Net Operating Assets Related Terms

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X Financial (X Financial) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » X Financial (NYSE:XYF) » Definitions » Scaled Net Operating Assets
Comparable Companies
OPRT CPSS PMTS YRD CFNB MFIN RM FOA LX SEZL V MA AXP PYPL BOM:500034 COF TSE:8591 DFS XPAR:EDEN NSE:CHOLAFIN
Traded in Other Exchanges
N/A
Address
No. 168, Haide Third Avenue, 7-8 Floors, Block A, Aerospace Science and Technology Plaza, Nanshan District, Shenzhen, CHN, 518067
Website
https://ir.xiaoyinggroup.com
X Financial is a Cayman Islands-based technology-driven personal finance company. Along with its subsidiaries, the firm provides diversified investment opportunities to investors in China through its wealth management platform, Xiaoying Wealth Management. Loan products offered by the company include Xiaoying Card Loan, Xiaoying Preferred Loan, and Xiaoying Housing Loan. The company generates revenue from loan facilitation service, post-origination service, and guarantee services provided.