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China Merchants Bank Co (HKSE:03968) Scaled Net Operating Assets : 0.05 (As of Mar. 2024)


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What is China Merchants Bank 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 Bank Co's operating assets for the quarter that ended in Mar. 2024 was HK$11,208,532 Mil. China Merchants Bank Co's operating liabilities for the quarter that ended in Mar. 2024 was HK$10,637,689 Mil. China Merchants Bank Co's Total Assets for the quarter that ended in Dec. 2023 was HK$12,062,722 Mil. Therefore, China Merchants Bank Co's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2024 was 0.05.

China Merchants Bank 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 Bank 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 )
=(10888456.148-10397683.031)/11322272.256
=0.04

where

Operating Assets(A: Dec. 2023 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=12062721.847 - 1174265.699
=10888456.148

Operating Liabilities(A: Dec. 2023 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=10875174.391 - 477491.36 - 0
=10397683.031

China Merchants Bank 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 )
=(11208532.384-10637688.569)/12062721.847
=0.05

where

Operating Assets(Q: Mar. 2024 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=12514438.381 - 1305905.997
=11208532.384

Operating Liabilities(Q: Mar. 2024 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=11291815.859 - 654127.29 - 0
=10637688.569

* 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 Bank Co (HKSE:03968) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » China Merchants Bank Co Ltd (HKSE:03968) » Definitions » Scaled Net Operating Assets
Comparable Companies
SHSE:601166 SHSE:601998 SHSE:600000 SZSE:000001 SHSE:601818 SZSE:002142 SHSE:600016 SHSE:600919 SHSE:601169 SHSE:601229 NSE:HDFCBANK NSE:ICICIBANK NSE:SBIN SAU:1120 XPAR:BNP MIC:SBER SGX:D05 ISX:BBCA MIL:ISP HKSE:01658
Traded in Other Exchanges
CIHKY:USA CIHHF:USA M4B:Germany 600036:China
Address
No. 7088, Shennan Boulevard, 19 Floor, China Merchants Bank Building, Futian District, Guangdong Province, Shenzhen, CHN, 518040
Website
https://www.cmbchina.com
China Merchants Bank, with headquarters in Shenzhen, was founded in 1987. The bank is China's seventh-largest listed bank by assets, with the largest distribution network among China's joint-stock banks. CMB's network has been expanding rapidly. Its outlets are located mainly in China's more developed areas, including the Pearl River and Yangtze River deltas. The firm has 18% and 82% of its shares listed on the Hong Kong and Shanghai exchanges, respectively. It has no foreign strategic investors. China Merchants Group is its largest shareholder, with a 30% stake. Retail banking, corporate banking and wholesale banking accounted for 57%, 41%, and 2% of total profit before tax, respectively, and 56%, 41%, and 3% of total revenue in 2022.
Executives
Citigroup Inc. 2502 Approved lending agent
Jpmorgan Chase & Co.
Blackrock, Inc. 2201 Interest of corporation controlled by you
Ubs Group Ag 2201 Interest of corporation controlled by you
China Merchants Group Limited 2201 Interest of corporation controlled by you
Best Winner Investment Limited 2101 Beneficial owner
Zhao Rong Tou Zi Kong Gu Xiang Gang You Xian Gong Si 2201 Interest of corporation controlled by you
Shen Zhen Shi Zhao Rong Tou Zi Kong Gu You Xian Gong Si 2201 Interest of corporation controlled by you