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GF Securities Co (SZSE:000776) Scaled Net Operating Assets : 0.11 (As of Mar. 2024)


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What is GF Securities 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.

GF Securities Co's operating assets for the quarter that ended in Mar. 2024 was ¥496,283 Mil. GF Securities Co's operating liabilities for the quarter that ended in Mar. 2024 was ¥424,610 Mil. GF Securities Co's Total Assets for the quarter that ended in Dec. 2023 was ¥682,182 Mil. Therefore, GF Securities Co's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2024 was 0.11.

GF Securities 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.

GF Securities 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 )
=(416495.38-362100.95)/617256.282
=0.09

where

Operating Assets(A: Dec. 2023 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=682181.679 - 265686.299
=416495.38

Operating Liabilities(A: Dec. 2023 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=541505.969 - 179405.019 - 0
=362100.95

GF Securities 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 )
=(496283.438-424610.493)/682181.679
=0.11

where

Operating Assets(Q: Mar. 2024 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=759773.964 - 263490.526
=496283.438

Operating Liabilities(Q: Mar. 2024 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=614679.508 - 190069.015 - 0
=424610.493

* 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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GF Securities Co (SZSE:000776) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » GF Securities Co Ltd (SZSE:000776) » Definitions » Scaled Net Operating Assets
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Traded in Other Exchanges
01776:Hong Kong
Address
26 Machang Road, 59th Floor, GF Securities Tower, Tianhe District, Guangdong, Guangzhou, CHN, 510627
Website
https://www.gf.com.cn
GF Securities Co Ltd is a full-service investment bank with operating branches located across China. The principal activities of the company include commodity futures brokerage, financial futures brokerage, investment consulting and asset management, trading and trading agent, project investment, investment management, and financial advisory. It operates through the following segments: Investment banking, Wealth management, Trading & Institutions, and Investment management.