Bank Of Chongqing Co (HKSE:01963) Scaled Net Operating Assets : 0.27 (As of Mar. 2024)

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What is Bank Of Chongqing 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.

Bank Of Chongqing Co's operating assets for the quarter that ended in Mar. 2024 was HK$806,330 Mil. Bank Of Chongqing Co's operating liabilities for the quarter that ended in Mar. 2024 was HK$579,799 Mil. Bank Of Chongqing Co's Total Assets for the quarter that ended in Dec. 2023 was HK$831,145 Mil. Therefore, Bank Of Chongqing Co's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2024 was 0.27.

Bank Of Chongqing 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.

Bank Of Chongqing 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 )
=	(770182.751	-	595202.461)	/	764628.597
=	0.23

where

	Operating Assets		(A: Dec. 2023 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	831144.933	-	60962.182
=	770182.751

	Operating Liabilities		(A: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	766284.471	-	171082.01	-	0
=	595202.461

Bank Of Chongqing 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 )
=	(806330.449	-	579799.023)	/	831144.933
=	0.27

where

	Operating Assets		(Q: Mar. 2024 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	848188.457	-	41858.008
=	806330.449

	Operating Liabilities		(Q: Mar. 2024 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	781510.686	-	201711.663	-	0
=	579799.023

* 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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Bank Of Chongqing Co (HKSE:01963) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Bank Of Chongqing Co Ltd (HKSE:01963) » Definitions » Scaled Net Operating Assets

Traded in Other Exchanges

CQN:Germany 601963:China

Address

348 Kwun Tong Road, 5/F, Manulife Place, Kowloon, HKG

Website

https://www.cqcbank.com

Bank Of Chongqing Co Ltd is a China-based company that is engaged in banking. The company's core businesses consist of the corporate banking business, which provides corporate customers with financial products and services such as deposits and loans; the retailing banking business, which provides individual customers with financial products and services; and the treasury business, which is involved in interbank lending and borrowing, bond investment, repurchasing, and foreign currency transactions. The company generates over half of total revenue from the corporate banking business. The company's business is concentrated in Chongqing, and the firm also conducts business through branches in Chengdu, Guiyang, and Xi'an.