The People's Insurance Co (Group) of China (HKSE:01339) Scaled Net Operating Assets : 0.23 (As of Mar. 2024)

View and export this data going back to 2012. Start your Free Trial

What is The People's Insurance Co (Group) of China 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.

The People's Insurance Co (Group) of China's operating assets for the quarter that ended in Mar. 2024 was HK$1,688,463 Mil. The People's Insurance Co (Group) of China's operating liabilities for the quarter that ended in Mar. 2024 was HK$1,300,669 Mil. The People's Insurance Co (Group) of China's Total Assets for the quarter that ended in Dec. 2023 was HK$1,703,188 Mil. Therefore, The People's Insurance Co (Group) of China's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2024 was 0.23.

The People's Insurance Co (Group) of China 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.

The People's Insurance Co (Group) of China'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 )
=	(1679266.692	-	1296377.362)	/	1582356.838
=	0.24

where

	Operating Assets		(A: Dec. 2023 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	1703187.636	-	23920.944
=	1679266.692

	Operating Liabilities		(A: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	1340415.087	-	43172.546	-	865.179
=	1296377.362

The People's Insurance Co (Group) of China'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 )
=	(1688463.352	-	1300668.937)	/	1703187.636
=	0.23

where

	Operating Assets		(Q: Mar. 2024 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	1710444.662	-	21981.31
=	1688463.352

	Operating Liabilities		(Q: Mar. 2024 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	1344383.881	-	43714.944	-	0
=	1300668.937

* 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.

The People's Insurance Co (Group) of China Scaled Net Operating Assets Related Terms

Thank you for viewing the detailed overview of The People's Insurance Co (Group) of China's Scaled Net Operating Assets provided by GuruFocus.com. Please click on the following links to see related term pages.

The People's Insurance Co (Group) of China (HKSE:01339) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » The People's Insurance Co (Group) of China Ltd (HKSE:01339) » Definitions » Scaled Net Operating Assets

Comparable Companies

Traded in Other Exchanges

PINXY:USA PIR:Germany 601319:China

Address

No. 88, West Chang’an Avenue, 1st-13th Floor, Xi Cheng District, Beijing, CHN, 100031

Website

http://www.picc.com.cn

Headquartered in Beijing, PICC Group is the largest state-owned insurance group, holding a 69% stake in PICC P&C, an 80% stake in PICC Life, and a 69% stake in PICC Health Insurance. Its P&C subsidiary is the largest nonlife insurer with about one third of market share in China. Life and health insurance subsidiaries hold about 2.9% and 1.3% share, respectively. The Ministry of Finance is the largest shareholder, with 61% share. China's Social Security Fund is the group's second-largest shareholder holding nearly 13% share.