Gotion High-tech Co (SZSE:002074) Scaled Net Operating Assets : 0.54 (As of Mar. 2024)

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What is Gotion High-tech 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.

Gotion High-tech Co's operating assets for the quarter that ended in Mar. 2024 was ¥79,630 Mil. Gotion High-tech Co's operating liabilities for the quarter that ended in Mar. 2024 was ¥28,899 Mil. Gotion High-tech Co's Total Assets for the quarter that ended in Dec. 2023 was ¥93,593 Mil. Therefore, Gotion High-tech Co's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2024 was 0.54.

Gotion High-tech Co Scaled Net Operating Assets Historical Data

The historical data trend for Gotion High-tech 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.

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Gotion High-tech Co Scaled Net Operating Assets Chart

Gotion High-tech Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Scaled Net Operating Assets

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0.63

0.60

0.70

0.75

0.65

Gotion High-tech 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															0.47	0.44	0.48	0.54	0.54

Competitive Comparison of Gotion High-tech Co's Scaled Net Operating Assets

For the Electrical Equipment & Parts subindustry, Gotion High-tech 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.

Gotion High-tech Co's Scaled Net Operating Assets Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Gotion High-tech Co's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where Gotion High-tech Co's Scaled Net Operating Assets falls into.

Gotion High-tech 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.

Gotion High-tech 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 )
=	(74372.516	-	26996.548)	/	72627.365
=	0.65

where

	Operating Assets		(A: Dec. 2023 )
=	Total Assets	-	Cash, Cash Equivalents, Marketable Securities
=	93592.652	-	19220.136
=	74372.516

	Operating Liabilities		(A: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	67296.771	-	18685.739	-	21614.484
=	26996.548

Gotion High-tech 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 )
=	(79630.417	-	28898.719)	/	93592.652
=	0.54

where

	Operating Assets		(Q: Mar. 2024 )
=	Total Assets	-	Cash, Cash Equivalents, Marketable Securities
=	97570.587	-	17940.17
=	79630.417

	Operating Liabilities		(Q: Mar. 2024 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	71885.001	-	21006.463	-	21979.819
=	28898.719

Gotion High-tech Co Scaled Net Operating Assets Related Terms

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Gotion High-tech Co (SZSE:002074) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Gotion High-tech Co Ltd (SZSE:002074) » Definitions » Scaled Net Operating Assets

Traded in Other Exchanges

N/A

Address

No. 599 Daihe Road, Xinzhan District, Hefei, CHN, 230012

Website

http://www.gotion.com.cn

Established in 2006 in Hefei, Anhui province, Gotion High-tech, is one of the first enterprises engaged in research, production, and sales of rechargeable lithium-ion batteries for NEVs in China. Its main products include lithium iron phosphate materials and batteries, ternary batteries, battery packs, and energy storage batteries. The products are widely used in new energy passenger vehicles, commercial vehicles, energy storage power plants, communication base stations, and so on. Gotion ranked eighth among global EV battery companies with 3% market share in 2022 in terms of installed capacity, and fourth in China with 5% market share. The company is 25%-owned by Volkswagen Group with Chairman Li Zhen holding around 7%.

Gotion High-tech Co (SZSE:002074) Headlines

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