Qinchuan Machine Tool & Tool Group Share Co (SZSE:000837) Total Current Assets : ¥5,576 Mil (As of Mar. 2024)

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What is Qinchuan Machine Tool & Tool Group Share Co Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. Qinchuan Machine Tool & Tool Group Share Co's total current assets for the quarter that ended in Mar. 2024 was ¥5,576 Mil.

Qinchuan Machine Tool & Tool Group Share Co Total Current Assets Historical Data

The historical data trend for Qinchuan Machine Tool & Tool Group Share 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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Qinchuan Machine Tool & Tool Group Share Co Total Current Assets Chart

Qinchuan Machine Tool & Tool Group Share Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Current Assets

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4,738.47

5,535.43

4,669.37

4,795.09

5,732.45

Qinchuan Machine Tool & Tool Group Share 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															4,865.81	5,966.03	5,904.27	5,732.45	5,575.77

Qinchuan Machine Tool & Tool Group Share 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.

Qinchuan Machine Tool & Tool Group Share 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
	=	2138.294	+	1545.457	+	1947.416	+	101.28
	=	5,732

Qinchuan Machine Tool & Tool Group Share 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
	=	1850.419	+	1693.182	+	1945.171	+	86.996
	=	5,576

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.

Qinchuan Machine Tool & Tool Group Share Co (SZSE:000837) 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.

Qinchuan Machine Tool & Tool Group Share 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)
=	1850.419	-	4335.128	+	0.75 * 1062.375	+	0.5 * 1945.171
=	-715

Qinchuan Machine Tool & Tool Group Share Co Total Current Assets Related Terms

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Qinchuan Machine Tool & Tool Group Share Co (SZSE:000837) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Qinchuan Machine Tool & Tool Group Share Co Ltd (SZSE:000837) » Definitions » Total Current Assets

Comparable Companies

Traded in Other Exchanges

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Address

No. 22 Jiangtan Road, Shanxi, Baoji, CHN, 721009

Website

http://www.qinchuan.com

Qinchuan Machine Tool & Tool Group Share Co Ltd is mainly engaged in the production and sales of metal cutting machine tools, plastic processing machinery and related equipment and raw materials in China. It offers CNC machine tools, gear and gearboxes, plastics machinery, and precision casting products.

Executives

Zhao Jia Bao	Executives
Hu Hong	Directors, executives
Tian Sha	Executives
Hang Bao Jun	Executives
Si Guan Lin	Executives
Guo Bao An	Executives
Long Xing Yuan	Directors, executives
Fu Lin Xing	Directors, executives
Song Geng Tian	Supervisors
Liu Wan Chao	Directors, executives
Li Qiang	Director
Wang La Xiang	Supervisors
Mao Feng	Executives
Zhang Yi	Supervisors
Wu Kang	Executives

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