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QuMei Home Furnishings Group Co (SHSE:603818) Total Current Assets : ¥2,286 Mil (As of Mar. 2024)


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What is QuMei Home Furnishings Group Co Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. QuMei Home Furnishings Group Co's total current assets for the quarter that ended in Mar. 2024 was ¥2,286 Mil.

QuMei Home Furnishings Group Co Total Current Assets Historical Data

The historical data trend for QuMei Home Furnishings Group 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.

* Premium members only.

QuMei Home Furnishings Group Co Total Current Assets Chart

QuMei Home Furnishings Group Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Total Current Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1,899.15 2,165.02 2,276.41 2,481.28 1,988.40

QuMei Home Furnishings Group 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2,072.29 2,095.78 2,029.62 1,988.40 2,285.70

QuMei Home Furnishings Group 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.

QuMei Home Furnishings Group 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
=721.476+503.024+666.168+97.728
=1,988

QuMei Home Furnishings Group 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
=1083.22+507.839+617.005+77.635
=2,286

* 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.

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.

QuMei Home Furnishings Group Co  (SHSE:603818) 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.

QuMei Home Furnishings Group 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)
=1083.22-4615.9+0.75 * 466.3+0.5 * 617.005
=-2,874

* 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.

QuMei Home Furnishings Group Co Total Current Assets Related Terms

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QuMei Home Furnishings Group Co (SHSE:603818) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » QuMei Home Furnishings Group Co Ltd (SHSE:603818) » Definitions » Total Current Assets
Comparable Companies
SHSE:603215 SZSE:002723 SHSE:603600 SZSE:300247 SZSE:001216 SHSE:603216 SHSE:603326 SZSE:300483 SHSE:605336 SZSE:300464 SZSE:000333 SHSE:600690 SZSE:000651 TSE:9843 SHSE:603833 TPX SN WHR SZSE:002032 XPAR:SK
Traded in Other Exchanges
N/A
Address
No. 51, Wangjing North Road, Building 8, Chaoyang District, Beijing, CHN, 100102
Website
http://www.qumei.com
QuMei Home Furnishings Group Co Ltd is mainly engaged in the design, production, and sales of medium and high-end civilian furniture and supporting household products, providing consumers with a whole home. It offers wooden furniture including solid wood furniture, man-made board furniture, and integrated furniture. Its products are divided into custom furniture, finished furniture and home accessories by category, divided into solid wood and board wood according to materials.
Executives
Zhao Rui Hai Director
Zhao Rui Bin Director
Wu Na Ni Director
Xie Wen Bin Director
Zhao Rui Jie Director
Sun Hai Feng Director
Rao Shui Yuan Director
Wang Li Ping Supervisors
Xu Guo Jun Supervisors

QuMei Home Furnishings Group Co (SHSE:603818) Headlines

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