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Bank Of Ningbo Co (SZSE:002142) Scaled Net Operating Assets : 0.21 (As of Mar. 2024)


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What is Bank Of Ningbo 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 Ningbo Co's operating assets for the quarter that ended in Mar. 2024 was ¥2,692,886 Mil. Bank Of Ningbo Co's operating liabilities for the quarter that ended in Mar. 2024 was ¥2,134,170 Mil. Bank Of Ningbo Co's Total Assets for the quarter that ended in Dec. 2023 was ¥2,711,662 Mil. Therefore, Bank Of Ningbo Co's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2024 was 0.21.

Bank Of Ningbo 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 Ningbo 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 )
=(2505509-1952436)/2366097
=0.23

where

Operating Assets(A: Dec. 2023 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=2711662 - 206153
=2505509

Operating Liabilities(A: Dec. 2023 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=2509452 - 557016 - 0
=1952436

Bank Of Ningbo 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 )
=(2692886-2134170)/2711662
=0.21

where

Operating Assets(Q: Mar. 2024 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=2888206 - 195320
=2692886

Operating Liabilities(Q: Mar. 2024 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=2676996 - 542826 - 0
=2134170

* 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 Ningbo Co (SZSE:002142) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Bank Of Ningbo Co Ltd (SZSE:002142) » Definitions » Scaled Net Operating Assets
Comparable Companies
SHSE:600016 SHSE:600919 SHSE:601818 SHSE:601169 SHSE:601229 SHSE:600015 SZSE:000001 SHSE:601009 SHSE:600926 SHSE:600000 NSE:HDFCBANK SHSE:600036 NSE:ICICIBANK NSE:SBIN SAU:1120 XPAR:BNP MIC:SBER SGX:D05 ISX:BBCA MIL:ISP
Traded in Other Exchanges
N/A
Address
No. 345, Ningdong Road, Yinzhou District, Zhejiang Province, Ningbo, CHN, 315100
Website
http://www.nbcb.com.cn
Bank of Ningbo is the fifth largest city commercial bank in China by total assets. Established in 1997 and listed on the Shenzhen Exchange in 2007, the bank is headquartered in Ningbo, a vice provincial city in Zhejiang province. It has a differentiated positioning in SME and nonmortgage retail loan business. The bank has established 16 branches in Zhejiang Province, Jiangsu Province, Shanghai, Beijing, and Guangdong Province. These regions contributed about 29%, 23%, 5%, 4%, and 4%, respectively, to revenue in 2022. It has a diversified shareholding structure, with SASAC of Ningbo Municipal Government, Singapore's OCBC Bank, and Youngor Group holding 19%, 18%, and 8% of the shares, respectively, as of end-March 2023.
Executives
Yu Gang Secretary Dong
Wei Xue Mei Director
Song Han Ping Director
Hong Li Feng Supervisors
Yang Chen Secretary Dong
Xu Li Xun Director
Lu Hua Yu Director
Yu Feng Ying Director
Luo Meng Bo Directors, executives
Luo Wei Kai Executives
Zhang Ying Fang Supervisors
Shi Li Zhong Director
Liu Ru Fen Supervisors
Fu Wen Sheng Executives
Zhang Hui Supervisors