YGMZ (MingZhu Logistics Holdings) Scaled Net Operating Assets : 0.54 (As of Dec. 2023)

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What is MingZhu Logistics Holdings 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.

MingZhu Logistics Holdings's operating assets for the quarter that ended in Dec. 2023 was $123.68 Mil. MingZhu Logistics Holdings's operating liabilities for the quarter that ended in Dec. 2023 was $62.41 Mil. MingZhu Logistics Holdings's Total Assets for the quarter that ended in Jun. 2023 was $114.30 Mil. Therefore, MingZhu Logistics Holdings's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2023 was 0.54.

MingZhu Logistics Holdings Scaled Net Operating Assets Historical Data

The historical data trend for MingZhu Logistics Holdings'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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MingZhu Logistics Holdings Scaled Net Operating Assets Chart

MingZhu Logistics Holdings Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Scaled Net Operating Assets

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0.95

1.28

1.37

0.71

0.63

MingZhu Logistics Holdings Semi-Annual Data
	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Scaled Net Operating Assets	Get a 7-Day Free Trial							1.04	0.94	0.50	0.59	0.54

Competitive Comparison of MingZhu Logistics Holdings's Scaled Net Operating Assets

For the Trucking subindustry, MingZhu Logistics Holdings'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.

MingZhu Logistics Holdings's Scaled Net Operating Assets Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, MingZhu Logistics Holdings's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where MingZhu Logistics Holdings's Scaled Net Operating Assets falls into.

MingZhu Logistics Holdings 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.

MingZhu Logistics Holdings'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 )
=	(123.678	-	62.411)	/	97.299
=	0.63

where

	Operating Assets		(A: Dec. 2023 )
=	Total Assets	-	Cash, Cash Equivalents, Marketable Securities
=	127.354	-	3.676
=	123.678

	Operating Liabilities		(A: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	82.797	-	0.121	-	20.265
=	62.411

MingZhu Logistics Holdings's Scaled Net Operating Assets (SNOA) for the quarter that ended in Dec. 2023 is calculated as

	Scaled Net Operating Assets (SNOA)		(Q: Dec. 2023 )
=	(Operating Assets (Q: Dec. 2023 )	-	Operating Liabilities (Q: Dec. 2023 ))	/	Total Assets (Q: Jun. 2023 )
=	(123.678	-	62.411)	/	114.303
=	0.54

where

	Operating Assets		(Q: Dec. 2023 )
=	Total Assets	-	Cash, Cash Equivalents, Marketable Securities
=	127.354	-	3.676
=	123.678

	Operating Liabilities		(Q: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	82.797	-	0.121	-	20.265
=	62.411

MingZhu Logistics Holdings Scaled Net Operating Assets Related Terms

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MingZhu Logistics Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » MingZhu Logistics Holdings Ltd (NAS:YGMZ) » Definitions » Scaled Net Operating Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 3018 Shayan Road, 27F, Yantian Modern Industry Service Center, Yantian District, Guangdong, Shenzhen, CHN, 518081

Website

http://www.szygmz.com

MingZhu Logistics Holdings Ltd is a Holding company. Its business activities include trucking services and car owner services. Its segments are the trucking business, car owner services business, and liquor distribution business. It generates the majority of its revenue from the trucking segment.