Chongqing Iron & Steel Co (SHSE:601005) Total Current Assets : ¥6,047 Mil (As of Mar. 2024)

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What is Chongqing Iron & Steel Co Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. Chongqing Iron & Steel Co's total current assets for the quarter that ended in Mar. 2024 was ¥6,047 Mil.

Chongqing Iron & Steel Co Total Current Assets Historical Data

The historical data trend for Chongqing Iron & Steel Co'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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Chongqing Iron & Steel Co Total Current Assets Chart

Chongqing Iron & Steel Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Current Assets

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7,855.28

13,048.41

13,350.66

8,514.22

6,051.99

Chongqing Iron & Steel Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Total Current Assets	Get a 7-Day Free Trial															8,211.83	6,964.25	8,998.31	6,051.99	6,046.56

Chongqing Iron & Steel Co 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.

Chongqing Iron & Steel Co'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
	=	1935.398	+	682.699	+	2621.657	+	812.233
	=	6,052

Chongqing Iron & Steel Co's Total Current Assets for the quarter that ended in Mar. 2024 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	943.25	+	691.716	+	3206.11	+	1205.483
	=	6,047

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.

Chongqing Iron & Steel Co (SHSE:601005) 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.

Chongqing Iron & Steel Co's Liquidation Value for the quarter that ended in Mar. 2024 is

	Liquidation value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	943.25	-	17708.379	+	0.75 * 9.19	+	0.5 * 3206.11
=	-15,155

Chongqing Iron & Steel Co Total Current Assets Related Terms

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Chongqing Iron & Steel Co (SHSE:601005) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Chongqing Iron & Steel Co Ltd (SHSE:601005) » Definitions » Total Current Assets

Traded in Other Exchanges

01053:Hong Kong

Address

No. 2 Jiangnan Avenue, Jiangnan Street, Changshou District, Chongqing, CHN, 401258

Website

https://www.cqgt.cn

Chongqing Iron & Steel Co Ltd is engaged in the production, processing, and sale of steel plates, steel sections, wire rods, bar materials, billets, and thin plates, and in the production and sale of coking and coal chemical products, pig iron & grain slag, steel slag, and steel scrap. Its products are applied in various industries, such as machinery, architecture, engineering, automobile, motorbike, shipbuilding, offshore oil, gas cylinder, boiler as well as oil and gas pipelines. The group's revenue and profit are mainly comprised of steel manufacturing and domestic sales.

Executives

Yao Xiao Hu	Director
Xia Tong	Director
Yu Hong	Director
Lv Feng	senior management
Zhang Shuo Gong	Director
Li Ren Sheng	senior management
Li Yong Xiang	Director
Meng Xiang Yun	Director
Xiao Yu Xin	Supervisors
Wang Bu Lin	senior management
Zhang Li Quan	Director
Ceng Jing	senior management
Tu De Ling	Director
Zhou Ya Ping	Supervisors
Zhao Wei	Supervisors

Chongqing Iron & Steel Co (SHSE:601005) Headlines

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