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OneConnect Financial Technology Co (HKSE:06638) Scaled Net Operating Assets : 0.14 (As of Mar. 2024)


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What is OneConnect Financial Technology 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.

OneConnect Financial Technology Co's operating assets for the quarter that ended in Mar. 2024 was HK$6,801 Mil. OneConnect Financial Technology Co's operating liabilities for the quarter that ended in Mar. 2024 was HK$5,575 Mil. OneConnect Financial Technology Co's Total Assets for the quarter that ended in Dec. 2023 was HK$8,825 Mil. Therefore, OneConnect Financial Technology Co's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2024 was 0.14.

OneConnect Financial Technology Co Scaled Net Operating Assets Historical Data

The historical data trend for OneConnect Financial Technology 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.

* Premium members only.

OneConnect Financial Technology Co Scaled Net Operating Assets Chart

OneConnect Financial Technology Co Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Scaled Net Operating Assets
Get a 7-Day Free Trial 0.54 0.28 0.08 -0.01 0.02

OneConnect Financial Technology 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.02 -0.01 -0.01 0.02 0.14

Competitive Comparison of OneConnect Financial Technology Co's Scaled Net Operating Assets

For the Software - Application subindustry, OneConnect Financial Technology 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.

OneConnect Financial Technology Co's Scaled Net Operating Assets Distribution in the Software Industry

For the Software industry and Technology sector, OneConnect Financial Technology Co's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where OneConnect Financial Technology Co's Scaled Net Operating Assets falls into.


OneConnect Financial Technology 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.

OneConnect Financial Technology 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 )
=(5367.334-5209.928)/9919.087
=0.02

where

Operating Assets(A: Dec. 2023 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=8825 - 3457.666
=5367.334

Operating Liabilities(A: Dec. 2023 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=5600.767 - 30.935 - 359.904
=5209.928

OneConnect Financial Technology 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 )
=(6800.672-5575.068)/8825
=0.14

where

Operating Assets(Q: Mar. 2024 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=8844.304 - 2043.632
=6800.672

Operating Liabilities(Q: Mar. 2024 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=5751.123 - 0 - 176.055
=5575.068

* 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.

OneConnect Financial Technology Co Scaled Net Operating Assets Related Terms

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OneConnect Financial Technology Co (HKSE:06638) Business Description

Industry
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Traded in Other Exchanges
OCFT:USA
Address
No.1 Tairan 7th Road, 10-14th Floor, Block A, Platinum Towers, Futian District, Shenzhen, CHN
Website
https://www.ocft.com
OneConnect Financial Technology Co Ltd is a provider of technology platforms. Its platform provides cloud-native technology solutions that integrate financial services with market technology. The company offers technology applications and technology-enabled business services to financial institutions in China. Its technology solutions cover multiple verticals in the financial services industry, including banking, insurance and asset management, across the full scope of their businesses from sales and marketing and risk management to customer services and operations, as well as technology infrastructures such as data management and cloud services. The firm operates in two segments namely Technology Solutions which is the key revenue driver and Virtual Bank Business.
Executives
Li Jie 2101 Beneficial owner
Sen Rong Limited 2101 Beneficial owner
Yi Chuan Jin Limited 2201 Interest of corporation controlled by you
Hsbc Holdings Plc 2201 Interest of corporation controlled by you
An Ke Technology Company Limited 2201 Interest of corporation controlled by you
Bo Yu Limited 2101 Beneficial owner
Shenzhen Ping An Financial Technology Consulting Co., Ltd. 2201 Interest of corporation controlled by you
Dou Wenwei 2201 Interest of corporation controlled by you
Rong Chang Limited 2101 Beneficial owner
Wang Wenjun 2201 Interest of corporation controlled by you
Xu Liang 2201 Interest of corporation controlled by you
Zhong Guo Ping An Bao Xian Ji Tuan Gu Fen You Xian Gong Si 2201 Interest of corporation controlled by you

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