China Reinsurance (Group) (HKSE:01508) Scaled Net Operating Assets : -0.03 (As of Dec. 2023)

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What is China Reinsurance (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.

China Reinsurance (Group)'s operating assets for the quarter that ended in Dec. 2023 was HK$360,518 Mil. China Reinsurance (Group)'s operating liabilities for the quarter that ended in Dec. 2023 was HK$374,201 Mil. China Reinsurance (Group)'s Total Assets for the quarter that ended in Jun. 2023 was HK$491,860 Mil. Therefore, China Reinsurance (Group)'s scaled net operating assets (SNOA) for the quarter that ended in Dec. 2023 was -0.03.

China Reinsurance (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.

China Reinsurance (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 )
=	(491578.606	-	374200.787)	/	474304.643
=	0.25

where

	Operating Assets		(A: Dec. 2023 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	502840.328	-	11261.722
=	491578.606

	Operating Liabilities		(A: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	391079.186	-	16878.399	-	0
=	374200.787

China Reinsurance (Group)'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 )
=	(360517.526	-	374200.787)	/	491860.17
=	-0.03

where

	Operating Assets		(Q: Dec. 2023 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	502840.328	-	142322.802
=	360517.526

	Operating Liabilities		(Q: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	391079.186	-	16878.399	-	0
=	374200.787

* 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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China Reinsurance (Group) (HKSE:01508) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » China Reinsurance (Group) Corp (HKSE:01508) » Definitions » Scaled Net Operating Assets

Comparable Companies

Traded in Other Exchanges

C53:Germany

Address

No 11, Jinrong Avenue, Xicheng District, Beijing, CHN, 100033

Website

https://www.chinare.com.cn

China Reinsurance (Group) Corp is a Chinese company that is engaged in the reinsurance business. It provides various products and services including reinsurance, direct insurance, asset management, insurance brokerage, and insurance media service. The company offers a variety of reinsurance products for various property and casualty insurance, such as motor, property, agricultural, liability insurance, life, health, accident insurance, and asset management services. It operates through the following business segments: Property and casualty reinsurance, Life and health reinsurance, Primary property and casualty insurance, Asset Management, and Others.

Executives

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