Concord New Energy Group (Concord New Energy Group) Total Current Assets : $978.5 Mil (As of Dec. 2023)

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What is Concord New Energy Group Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. Concord New Energy Group's total current assets for the quarter that ended in Dec. 2023 was $978.5 Mil.

Concord New Energy Group Total Current Assets Historical Data

The historical data trend for Concord New Energy Group's Total Current 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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Concord New Energy Group Total Current Assets Chart

Concord New Energy Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Current Assets

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716.35

866.06

1,170.23

955.94

978.47

Concord New Energy Group Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Total Current Assets	Get a 7-Day Free Trial															1,170.23	1,317.33	955.94	1,152.61	978.47

Concord New Energy Group Total Current Assets Calculation

Total Current Assets are the asset that can be converted to cash or used to pay current liabilities within 12 months.

Concord New Energy Group's Total Current Assets for the fiscal year that ended in Dec. 2023 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	364.124	+	311.003	+	6.484	+	296.854
	=	978.5

Concord New Energy Group's Total Current Assets for the quarter that ended in Dec. 2023 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	364.124	+	311.003	+	6.484	+	296.854
	=	978.5

Total Current Assets is linked to the Current Ratio, which is the result of dividing total current assets by total current liabilities. It is frequently used as an indicator of a company's liquidity, its ability to meet short-term obligations.

Total Current Assets is also linked to Working Capital, Net working capital is calculated as Total Current Assets minus Total Current Liabilities.

Concord New Energy Group (OTCPK:CWPWF) Total Current Assets Explanation

In Ben Graham's calculation of liquidation value, inventory is only considered worth half of its book value, and accounts receivable is considered worth 75% of its value. Therefore the liquidation value is lower than calculated from total current assets.

Concord New Energy Group's Liquidation Value for the quarter that ended in Dec. 2023 is

	Liquidation value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	364.124	-	3193.321	+	0.75 * 204.083	+	0.5 * 6.484
=	-2,672.9

Concord New Energy Group Total Current Assets Related Terms

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Concord New Energy Group (Concord New Energy Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Concord New Energy Group Ltd (OTCPK:CWPWF) » Definitions » Total Current Assets

Traded in Other Exchanges

00182:Hong Kong HK51:Germany

Address

16 Harcourt Road, Suite 3901, 39th Floor, Far East Finance Centre, Admiralty, Hong Kong, HKG

Website

https://www.cnegroup.com

Concord New Energy Group Ltd is an investment holding company. The principal activities of the company are investment in power plants, provision of design, technical and consultation services, and provision of power plant operation and maintenance services. The operating segments of the company are power generation which includes the operation of wind and solar power plants, Intelligent operation and maintenance segment which includes provision operation and maintenance, asset management, overhaul & commissioning service for wind and solar power plants; and others segment which includes the provision of design, technical and consultancy services, undertaking electrical engineering and construction of power plant projects. The company generates its revenue from the power generation segment.

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