Postalvings Bank Of China Co (Postalvings Bank Of China Co) Scaled Net Operating Assets : -0.04 (As of Mar. 2024)

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What is Postalvings Bank Of China Co 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.

Postalvings Bank Of China Co's operating assets for the quarter that ended in Mar. 2024 was $2,009,786 Mil. Postalvings Bank Of China Co's operating liabilities for the quarter that ended in Mar. 2024 was $2,102,789 Mil. Postalvings Bank Of China Co's Total Assets for the quarter that ended in Dec. 2023 was $2,202,548 Mil. Therefore, Postalvings Bank Of China Co's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2024 was -0.04.

Postalvings Bank Of China Co 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.

Postalvings Bank Of China Co'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 )
=	(1945700.401	-	2030700.681)	/	2017769.267
=	-0.04

where

	Operating Assets		(A: Dec. 2023 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	2202547.688	-	256847.287
=	1945700.401

	Operating Liabilities		(A: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	2068571.609	-	37870.928	-	0
=	2030700.681

Postalvings Bank Of China Co'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 )
=	(2009786.433	-	2102788.863)	/	2202547.688
=	-0.04

where

	Operating Assets		(Q: Mar. 2024 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	2267853.78	-	258067.347
=	2009786.433

	Operating Liabilities		(Q: Mar. 2024 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	2127785.6	-	24996.737	-	0
=	2102788.863

* 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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Postalvings Bank Of China Co (Postalvings Bank Of China Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Postal Savings Bank Of China Co Ltd (OTCPK:PSBKF) » Definitions » Scaled Net Operating Assets

Traded in Other Exchanges

PSTVY:USA 01658:Hong Kong 3YB:Germany 601658:China

Address

248 Queen’s Road East, 40th Floor, Dah Sing Financial Centre, Wan Chai, Hong Kong, HKG

Website

https://www.psbc.com

Postal Savings Bank of China is headquartered in Beijing. The bank is the fifth-largest commercial bank in China by deposits. The bank was established in 2007 as the postal savings and remittance business of its parent, China Post Group. The bank completed its joint-stock reform in 2012. The bank got listed on Hong Kong and Shanghai stock exchanges in 2016 and 2019 respectively. It boasts over 500 million individual customers and more than 40,000 outlets, which are among the largest customer bases and distribution networks in China.