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Cheche Group (Cheche Group) Scaled Net Operating Assets : -1.63 (As of Dec. 2022)


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What is Cheche Group 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.

Cheche Group's operating assets for the quarter that ended in Dec. 2022 was $80.7 Mil. Cheche Group's operating liabilities for the quarter that ended in Dec. 2022 was $281.0 Mil. Cheche Group's Total Assets for the quarter that ended in Jun. 2022 was $123.1 Mil. Therefore, Cheche Group's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2022 was -1.63.

Cheche Group Scaled Net Operating Assets Historical Data

The historical data trend for Cheche Group'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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Cheche Group Scaled Net Operating Assets Chart

Cheche Group Annual Data
Trend Dec21 Dec22 Dec23
Scaled Net Operating Assets
-1.61 -1.47 0.20

Cheche Group Semi-Annual Data
Jun21 Dec21 Jun22 Dec22 Dec23
Scaled Net Operating Assets - - -1.57 -1.63 0.20

Competitive Comparison of Cheche Group's Scaled Net Operating Assets

For the Internet Content & Information subindustry, Cheche Group'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.

Cheche Group's Scaled Net Operating Assets Distribution in the Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Cheche Group's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where Cheche Group's Scaled Net Operating Assets falls into.


Cheche Group 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.

Cheche Group'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 )
=(88.108-68.128)/102.199
=0.20

where

Operating Assets(A: Dec. 2023 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=125.203 - 37.095
=88.108

Operating Liabilities(A: Dec. 2023 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=72.238 - 0.756 - 3.354
=68.128

Cheche Group's Scaled Net Operating Assets (SNOA) for the quarter that ended in Dec. 2022 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Dec. 2022 )
=(Operating Assets (Q: Dec. 2022 )-Operating Liabilities (Q: Dec. 2022 ))/Total Assets (Q: Jun. 2022 )
=(80.717-281.013)/123.101
=-1.63

where

Operating Assets(Q: Dec. 2022 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=102.199 - 21.482
=80.717

Operating Liabilities(Q: Dec. 2022 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=283.007 - 0.893 - 1.101
=281.013

* 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.

Cheche Group Scaled Net Operating Assets Related Terms

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Cheche Group (Cheche Group) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Cheche Group Inc (NAS:CCG) » Definitions » Scaled Net Operating Assets
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Traded in Other Exchanges
N/A
Address
13-1 Deshengmenwai Avenue, 8th Floor, Desheng Hopson Fortune Plaza, Xicheng, Beijing, CHN, 100088
Website
https://www.chechegroup.com
Cheche Group Inc is an insurtech company. It is China's independent technology-empowered platform for auto insurance transaction services by digital auto insurance transaction premiums and insurance technology companies. The company has reshaped the traditional auto insurance distribution and services value chain to create a digital platform by improving operational efficiencies, reducing transaction costs, and expanding distribution channels. Its business scope ranges from digital insurance transactions, SaaS platforms for insurance intermediaries, AI-driven insurance pricing and underwriting services, auto insurance services for new energy vehicle (NEV) manufacturers, green auto insurance innovations, etc.

Cheche Group (Cheche Group) Headlines

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