Tongling Nonferrous Metals Group Co (SZSE:000630) Total Current Assets : ¥45,036 Mil (As of Mar. 2024)

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What is Tongling Nonferrous Metals Group Co Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. Tongling Nonferrous Metals Group Co's total current assets for the quarter that ended in Mar. 2024 was ¥45,036 Mil.

Tongling Nonferrous Metals Group Co Total Current Assets Historical Data

The historical data trend for Tongling Nonferrous Metals 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.

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Tongling Nonferrous Metals Group Co Total Current Assets Chart

Tongling Nonferrous Metals Group Co Annual Data

Trend

Dec14

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Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Current Assets

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23,821.99

27,800.20

29,209.25

40,028.15

41,240.33

Tongling Nonferrous Metals 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															39,360.27	40,947.12	43,291.69	41,240.33	45,035.73

Tongling Nonferrous Metals 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.

Tongling Nonferrous Metals 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
	=	11675.83	+	4637.91	+	15805.091	+	9121.496
	=	41,240

Tongling Nonferrous Metals 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
	=	11992.519	+	5047.766	+	19542.965	+	8452.483
	=	45,036

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.

Tongling Nonferrous Metals Group Co (SZSE:000630) 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.

Tongling Nonferrous Metals 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)
=	11992.519	-	41634.294	+	0.75 * 2060.126	+	0.5 * 19542.965
=	-18,325

Tongling Nonferrous Metals Group Co Total Current Assets Related Terms

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Tongling Nonferrous Metals Group Co (SZSE:000630) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Tongling Nonferrous Metals Group Co Ltd (SZSE:000630) » Definitions » Total Current Assets

Traded in Other Exchanges

N/A

Address

Changjiang West Road, West Building, Nonferrous Courtyard, Anhui Province, Tongling, CHN, 244000

Website

http://www.tlys.cn

Tongling Nonferrous Metals Group Co Ltd is engaged in the business of copper exploration, mining, smelting and deep processing. Its product include cathode copper, gold, silver, and copper, Wire, copper strip and copper foil. The company operates in more than 30 countries. Its products are used in electric power, construction, automotive, home appliances, electronics, and defense.

Executives

Jiang Pei Jin	Directors, executives
Wu He Ping	Secretary, Director
Liu Dao Kun	Executives
Zhou Jun	Director
Zou Xian Ji	Supervisors
Xu Wu Qi	Director
Yang Li Sheng	Executives
Fang Wen Sheng	Executives
Dai Sheng Hong	Supervisors
Liu Jian She	Executives
Song Xiu Ming	Executives
Wei Jiang Hong	Director
Yang Jun	Directors, executives
Zhan De Guang	Executives
Wu Guo Zhong	Director

Tongling Nonferrous Metals Group Co (SZSE:000630) Headlines

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