China Merchants Energy Shipping Co (SHSE:601872) Scaled Net Operating Assets : 0.86 (As of Mar. 2024)

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What is China Merchants Energy Shipping 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.

China Merchants Energy Shipping Co's operating assets for the quarter that ended in Mar. 2024 was ¥58,915 Mil. China Merchants Energy Shipping Co's operating liabilities for the quarter that ended in Mar. 2024 was ¥5,077 Mil. China Merchants Energy Shipping Co's Total Assets for the quarter that ended in Dec. 2023 was ¥62,395 Mil. Therefore, China Merchants Energy Shipping Co's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2024 was 0.86.

China Merchants Energy Shipping Co Scaled Net Operating Assets Historical Data

The historical data trend for China Merchants Energy Shipping 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.

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China Merchants Energy Shipping Co Scaled Net Operating Assets Chart

China Merchants Energy Shipping Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Scaled Net Operating Assets

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0.95

0.74

0.70

0.83

0.80

China Merchants Energy Shipping 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															0.76	0.85	0.85	0.86	0.86

Competitive Comparison of China Merchants Energy Shipping Co's Scaled Net Operating Assets

For the Oil & Gas Midstream subindustry, China Merchants Energy Shipping 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.

China Merchants Energy Shipping Co's Scaled Net Operating Assets Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, China Merchants Energy Shipping Co's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where China Merchants Energy Shipping Co's Scaled Net Operating Assets falls into.

China Merchants Energy Shipping 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.

China Merchants Energy Shipping 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 )
=	(57441.315	-	4796.178)	/	65473.822
=	0.80

where

	Operating Assets		(A: Dec. 2023 )
=	Total Assets	-	Cash, Cash Equivalents, Marketable Securities
=	62394.662	-	4953.347
=	57441.315

	Operating Liabilities		(A: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	25055.58	-	12352.118	-	7907.284
=	4796.178

China Merchants Energy Shipping 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 )
=	(58915.438	-	5076.898)	/	62394.662
=	0.86

where

	Operating Assets		(Q: Mar. 2024 )
=	Total Assets	-	Cash, Cash Equivalents, Marketable Securities
=	63572.256	-	4656.818
=	58915.438

	Operating Liabilities		(Q: Mar. 2024 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	24485.985	-	12170.15	-	7238.937
=	5076.898

China Merchants Energy Shipping Co Scaled Net Operating Assets Related Terms

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China Merchants Energy Shipping Co (SHSE:601872) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » China Merchants Energy Shipping Co Ltd (SHSE:601872) » Definitions » Scaled Net Operating Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 9 Zhongshan East 1st Road, Shanghai, Shanghai, CHN, 200002

Website

http://www.cmenergyshipping.com

China Merchants Energy Shipping Co Ltd is a China-based company engages in the tanker transportation, bulk cargo vessel transportation and liquid natural gas (LNG) vessel transportation. It provides a full range of energy transportation services running a large diversity of vessels, including crude oil tankers, dry bulk carriers, and LNG carriers. It provides services to the customers from China, Japan, Korea, Southeast Asia and the United States and other countries.

Executives

Hu Bin	senior management
Deng Wei Dong	Director
Wang Yong Xin	Directors, senior managers
Xu Hui	senior management
Kong Kang	senior management
Yan Wu Shan	senior management
Su Xin Gang	Director
Ding Lei	senior management
Xie Chun Lin	Director
Song De Xing	Director
Lv Sheng Zhou	Director

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