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Western Securities Co (SZSE:002673) Scaled Net Operating Assets : 0.23 (As of Mar. 2024)


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What is Western Securities 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.

Western Securities Co's operating assets for the quarter that ended in Mar. 2024 was ¥69,998 Mil. Western Securities Co's operating liabilities for the quarter that ended in Mar. 2024 was ¥48,297 Mil. Western Securities Co's Total Assets for the quarter that ended in Dec. 2023 was ¥96,221 Mil. Therefore, Western Securities Co's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2024 was 0.23.

Western Securities 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.

Western Securities 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 )
=(69351.051-44928.424)/95813.486
=0.25

where

Operating Assets(A: Dec. 2023 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=96220.878 - 26869.827
=69351.051

Operating Liabilities(A: Dec. 2023 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=68097.479 - 23169.055 - 0
=44928.424

Western Securities 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 )
=(69998.451-48296.926)/96220.878
=0.23

where

Operating Assets(Q: Mar. 2024 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=98532.922 - 28534.471
=69998.451

Operating Liabilities(Q: Mar. 2024 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=70206.831 - 21909.905 - 0
=48296.926

* 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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Western Securities Co (SZSE:002673) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Western Securities Co Ltd (SZSE:002673) » Definitions » Scaled Net Operating Assets
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Traded in Other Exchanges
N/A
Address
No. 319, Dongxin Street, Room 10000, Building 8, Xincheng District, Shaanxi, Xian, CHN, 710004
Website
http://www.westsecu.com
Western Securities Co Ltd is a securities institution in northwest China. It offers securities brokerage, investment banking, asset management, securities research, and securities financing and margin services, as well as independent services. Geographically all the activities are carried out through China.
Executives
Duan Ya Lin Independent director
Huang Bin Secretary Dong
Wang Shang Gan Supervisors
Zhuang Qi Fei Director
Chen Bao Min Supervisors
Qiu Xu Dong Executives