Ningbo Color Master Batch Co (SZSE:301019) Total Current Assets : ¥1,022.3 Mil (As of Mar. 2024)

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What is Ningbo Color Master Batch Co Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. Ningbo Color Master Batch Co's total current assets for the quarter that ended in Mar. 2024 was ¥1,022.3 Mil.

Ningbo Color Master Batch Co Total Current Assets Historical Data

The historical data trend for Ningbo Color Master Batch 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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Ningbo Color Master Batch Co Total Current Assets Chart

Ningbo Color Master Batch Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Current Assets

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259.68

366.92

976.24

1,007.48

1,067.02

Ningbo Color Master Batch Co Quarterly Data
	Dec18	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															1,038.18	1,040.68	1,044.10	1,067.02	1,022.31

Ningbo Color Master Batch 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.

Ningbo Color Master Batch 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
	=	802.352	+	199.73	+	62.668	+	2.27
	=	1,067.0

Ningbo Color Master Batch 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
	=	737.905	+	208.07	+	71.794	+	4.542
	=	1,022.3

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.

Ningbo Color Master Batch Co (SZSE:301019) 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.

Ningbo Color Master Batch 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)
=	737.905	-	81.151	+	0.75 * 137.143	+	0.5 * 71.794
=	795.5

Ningbo Color Master Batch Co Total Current Assets Related Terms

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Ningbo Color Master Batch Co (SZSE:301019) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Ningbo Color Master Batch Co Ltd (SZSE:301019) » Definitions » Total Current Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

168 Jinhui West Road, Panhuo Street, Yinzhou District, Zhejiang Province, Ningbo, CHN, 315105

Website

http://www.muli.com.cn

Ningbo Masterbatch Co Ltd is engaged in research and development, production, sales and technical services of masterbatch. The company's products include Color masterbatch, Black masterbatch, White masterbatch, and Functional masterbatch. Its products are used in home appliances, food packaging, cosmetics, daily necessities, building materials, and automobiles.

Executives

Zhao Mao Hua	Director
Zu Wan Nian	Supervisors
Zhou Bi Hong	Director
Zhang Xu Bo	Supervisors

Ningbo Color Master Batch Co (SZSE:301019) Headlines

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