China Gas Holdings (HKSE:00384) Total Current Assets : HK$48,430 Mil (As of Sep. 2023)

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What is China Gas Holdings Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. China Gas Holdings's total current assets for the quarter that ended in Sep. 2023 was HK$48,430 Mil.

China Gas Holdings Total Current Assets Historical Data

The historical data trend for China Gas Holdings'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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China Gas Holdings Total Current Assets Chart

China Gas Holdings Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Total Current Assets

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41,603.13

39,509.16

50,394.15

55,423.37

52,220.44

China Gas Holdings Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Total Current Assets	Get a 7-Day Free Trial															56,622.66	55,423.37	56,682.55	52,220.44	48,429.87

China Gas Holdings 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.

China Gas Holdings's Total Current Assets for the fiscal year that ended in Mar. 2023 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	10543.526	+	27008.524	+	5655.445	+	9012.944
	=	52,220

China Gas Holdings's Total Current Assets for the quarter that ended in Sep. 2023 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	11009.954	+	23753.122	+	5214.914	+	8451.884
	=	48,430

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.

China Gas Holdings (HKSE:00384) 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.

China Gas Holdings's Liquidation Value for the quarter that ended in Sep. 2023 is

	Liquidation value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	11009.954	-	88037.404	+	0.75 * 5527.963	+	0.5 * 5214.914
=	-70,274

China Gas Holdings Total Current Assets Related Terms

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China Gas Holdings (HKSE:00384) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » China Gas Holdings Ltd (HKSE:00384) » Definitions » Total Current Assets

Comparable Companies

Traded in Other Exchanges

CGHOF:USA CGHLY:USA EBZ:Germany

Address

151 Gloucester Road, Room 1601, 16th Floor, Capital Centre, Wan Chai, Hong Kong, HKG

Website

http://www.chinagasholdings.com.hk

China Gas Holdings is involved in the wholesale and retail businesses of natural gas and liquefied petroleum gas in China. As of fiscal 2023 (ended March 31, 2023), the group had secured a total of 661 piped gas concessions, 533 compressed natural gas/liquefied natural gas refilling stations for vehicles, and 106 LPG distribution projects in China. In total, CGH has connected 45.4 million residential households and achieved a penetration rate of 68.6%.

Executives

Liu Ming Hui	2101 Beneficial owner
Beijing Enterprises Group Company Limited
Beijing Enterprises Holdings Limited
Chiu Tat Jung Daniel	2201 Interest of corporation controlled by you
First Level Holdings Limited	2201 Interest of corporation controlled by you
Fortune Dynasty Holdings Limited	2201 Interest of corporation controlled by you
Fortune Oil Limited	2201 Interest of corporation controlled by you
Fortune Oil Prc Holdings Limited	2101 Beneficial owner
Joint Coast Alliance Market Development Limited	2201 Interest of corporation controlled by you
China Gas Group Limited	2101 Beneficial owner

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