Qingdao Rural Commercial Bank (SZSE:002958) Scaled Net Operating Assets : 0.17 (As of Mar. 2024)

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What is Qingdao Rural Commercial Bank 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.

Qingdao Rural Commercial Bank's operating assets for the quarter that ended in Mar. 2024 was ¥433,985 Mil. Qingdao Rural Commercial Bank's operating liabilities for the quarter that ended in Mar. 2024 was ¥353,259 Mil. Qingdao Rural Commercial Bank's Total Assets for the quarter that ended in Dec. 2023 was ¥467,937 Mil. Therefore, Qingdao Rural Commercial Bank's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2024 was 0.17.

Qingdao Rural Commercial Bank 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.

Qingdao Rural Commercial Bank'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 )
=	(429008.424	-	339129.523)	/	434791.316
=	0.21

where

	Operating Assets		(A: Dec. 2023 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	467936.769	-	38928.345
=	429008.424

	Operating Liabilities		(A: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	428887.839	-	89758.316	-	0
=	339129.523

Qingdao Rural Commercial Bank'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 )
=	(433985.14	-	353259.353)	/	467936.769
=	0.17

where

	Operating Assets		(Q: Mar. 2024 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	473858.062	-	39872.922
=	433985.14

	Operating Liabilities		(Q: Mar. 2024 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	433744.997	-	80485.644	-	0
=	353259.353

* 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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Qingdao Rural Commercial Bank (SZSE:002958) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Qingdao Rural Commercial Bank Corp (SZSE:002958) » Definitions » Scaled Net Operating Assets

Traded in Other Exchanges

N/A

Address

No. 6, Qinling Road, Building 1, Laoshan District, Qingdao, Shandong, CHN, 266061

Website

http://www.qrcb.com.cn

Qingdao Rural Commercial Bank Corp provides commercial financial services. The company's services include personal business, international business, internet banking, and financial management.

Executives

Liu Zhong Sheng	Director
Li Chun Lei	Executives
Jiang Xiu Juan	Executives
Wang Jian Hua	Executives
Jiang Wei	Executives
Yuan Wen Bo	Executives
Liu Bing Bing	Director
Fan Yuan Zhao	Executives
Jia Cheng Gang	Directors, executives
Sui Gong Xin	Secretary Dong
Liu Zong Bo	Directors, executives
Ding Ming Lai	Executives
Li Qing Xiang	Supervisors