Shin Kong Financial Holding Co (TPE:2888) Scaled Net Operating Assets : 0.05 (As of Mar. 2024)

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What is Shin Kong Financial Holding 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.

Shin Kong Financial Holding Co's operating assets for the quarter that ended in Mar. 2024 was NT$4,952,620 Mil. Shin Kong Financial Holding Co's operating liabilities for the quarter that ended in Mar. 2024 was NT$4,709,501 Mil. Shin Kong Financial Holding Co's Total Assets for the quarter that ended in Dec. 2023 was NT$4,953,494 Mil. Therefore, Shin Kong Financial Holding Co's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2024 was 0.05.

Shin Kong Financial Holding 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.

Shin Kong Financial Holding 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 )
=	(4785018.535	-	4606451.593)	/	4850699.248
=	0.04

where

	Operating Assets		(A: Dec. 2023 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	4953494.191	-	168475.656
=	4785018.535

	Operating Liabilities		(A: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	4707413.885	-	100962.292	-	0
=	4606451.593

Shin Kong Financial Holding 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 )
=	(4952619.675	-	4709501.072)	/	4953494.191
=	0.05

where

	Operating Assets		(Q: Mar. 2024 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	5084230.821	-	131611.146
=	4952619.675

	Operating Liabilities		(Q: Mar. 2024 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	4822808.174	-	113307.102	-	0
=	4709501.072

* 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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Shin Kong Financial Holding Co (TPE:2888) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Shin Kong Financial Holding Co Ltd (TPE:2888) » Definitions » Scaled Net Operating Assets

Comparable Companies

Traded in Other Exchanges

2888B.PFD:Taiwan 2888A.PFD:Taiwan

Address

No. 66 Chung-Hsiao West Road, Section 1, 38th Floor, Taipei, TWN

Website

https://www.skfh.com.tw

Shin Kong Financial Holding Co Ltd is a Taiwanese financial services company, mainly offering insurance and banking. Its subsidiaries offer life insurance, banking, asset management, securities, property insurance agency, and venture capital. The company is engaged in other various nonfinancial operations: natural gas and telecommunication services; construction, leasing, sale, and management of high-end residential, office, and commercial properties; production of high-quality textiles; and healthcare. Its segment comprises Insurance; Banking; Securities; and Others out of which the Insurance segment derives the majority of revenue.