Zhongtai Futures Co (HKSE:01461) Scaled Net Operating Assets : -0.54 (As of Dec. 2023)

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What is Zhongtai Futures 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.

Zhongtai Futures Co's operating assets for the quarter that ended in Dec. 2023 was HK$12,448 Mil. Zhongtai Futures Co's operating liabilities for the quarter that ended in Dec. 2023 was HK$30,096 Mil. Zhongtai Futures Co's Total Assets for the quarter that ended in Jun. 2023 was HK$32,865 Mil. Therefore, Zhongtai Futures Co's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2023 was -0.54.

Zhongtai Futures 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.

Zhongtai Futures 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 )
=	(12447.568	-	30096.402)	/	32227.449
=	-0.55

where

	Operating Assets		(A: Dec. 2023 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	32951.608	-	20504.04
=	12447.568

	Operating Liabilities		(A: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	30151.217	-	54.815	-	0
=	30096.402

Zhongtai Futures Co's Scaled Net Operating Assets (SNOA) for the quarter that ended in Dec. 2023 is calculated as

	Scaled Net Operating Assets (SNOA)		(Q: Dec. 2023 )
=	(Operating Assets (Q: Dec. 2023 )	-	Operating Liabilities (Q: Dec. 2023 ))	/	Total Assets (Q: Jun. 2023 )
=	(12447.568	-	30096.402)	/	32865.352
=	-0.54

where

	Operating Assets		(Q: Dec. 2023 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	32951.608	-	20504.04
=	12447.568

	Operating Liabilities		(Q: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	30151.217	-	54.815	-	0
=	30096.402

* 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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Zhongtai Futures Co (HKSE:01461) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Zhongtai Futures Co Ltd (HKSE:01461) » Definitions » Scaled Net Operating Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 86 Jingqi Road, 15th-16th Floor, Securities Tower, Shizhong District, Shandong Province, Jinan, CHN, 250001

Website

http://www.lzqh.net.cn

Zhongtai Futures Co Ltd is engaged in four segments; Brokerage business, Risk management business, Asset management business, and Other businesses. The business scopes of the Group cover commodity futures brokerage, financial futures brokerage, futures transaction consulting, asset management, bulk commodity futures and spot trading services, cooperative hedging, market-maker business, OTC derivatives business, information technology consulting services, and other business activities. The Group mainly operates in Shandong Province, the PRC.

Executives

Xu Guiqin	2101 Beneficial owner
China Minsheng Investment Group Corp., Ltd.	2101 Beneficial owner
Cm International Capital Limited	2101 Beneficial owner