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CITIC Heavy Industries Co (SHSE:601608) Scaled Net Operating Assets : 0.51 (As of Mar. 2024)


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What is CITIC Heavy Industries 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.

CITIC Heavy Industries Co's operating assets for the quarter that ended in Mar. 2024 was ¥17,029 Mil. CITIC Heavy Industries Co's operating liabilities for the quarter that ended in Mar. 2024 was ¥7,656 Mil. CITIC Heavy Industries Co's Total Assets for the quarter that ended in Dec. 2023 was ¥18,351 Mil. Therefore, CITIC Heavy Industries Co's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2024 was 0.51.


CITIC Heavy Industries Co Scaled Net Operating Assets Historical Data

The historical data trend for CITIC Heavy Industries Co'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.

* Premium members only.

CITIC Heavy Industries Co Scaled Net Operating Assets Chart

CITIC Heavy Industries Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Scaled Net Operating Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.54 0.51 0.53 0.49 0.48

CITIC Heavy Industries Co Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Scaled Net Operating Assets Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.53 0.50 0.48 0.52 0.51

Competitive Comparison of CITIC Heavy Industries Co's Scaled Net Operating Assets

For the Specialty Industrial Machinery subindustry, CITIC Heavy Industries Co'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.


CITIC Heavy Industries Co's Scaled Net Operating Assets Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, CITIC Heavy Industries Co's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where CITIC Heavy Industries Co's Scaled Net Operating Assets falls into.



CITIC Heavy Industries 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.

CITIC Heavy Industries 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 )
=(17127.674-7789.785)/19505.985
=0.48

where

Operating Assets(A: Dec. 2023 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=18351.165 - 1223.491
=17127.674

Operating Liabilities(A: Dec. 2023 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=10113.472 - 985.84 - 1337.847
=7789.785

CITIC Heavy Industries 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 )
=(17029.078-7656.033)/18351.165
=0.51

where

Operating Assets(Q: Mar. 2024 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=18126.018 - 1096.94
=17029.078

Operating Liabilities(Q: Mar. 2024 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=9811.097 - 1209.192 - 945.872
=7656.033

* 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.


CITIC Heavy Industries Co Scaled Net Operating Assets Related Terms

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CITIC Heavy Industries Co (SHSE:601608) Business Description

Traded in Other Exchanges
N/A
Address
206 Jianshe Road, Henan Province, Luoyang, CHN, 471039
CITIC Heavy Industries Co Ltd manufactures and distributes large-scale equipment, large complete sets of technical equipment, large castings and forging. Its products include building materials, mining, metallurgy and environmental protection equipment. Geographically, it operates through China, however, its products are sold in both China and internationally.

CITIC Heavy Industries Co (SHSE:601608) Headlines

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