MMG (HKSE:01208) Total Current Assets : HK$10,895 Mil (As of Dec. 2023)

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What is MMG Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. MMG's total current assets for the quarter that ended in Dec. 2023 was HK$10,895 Mil.

MMG Total Current Assets Historical Data

The historical data trend for MMG'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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MMG Total Current Assets Chart

MMG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Current Assets

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8,293.06

8,974.38

16,841.16

12,922.99

10,895.45

MMG Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Total Current Assets	Get a 7-Day Free Trial															16,841.16	13,036.48	12,922.99	16,719.54	10,895.45

MMG 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.

MMG'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
	=	373.308	+	2945.076	+	3041.917	+	4535.151
	=	10,895

MMG's Total Current Assets for the quarter that ended in Dec. 2023 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	373.308	+	2945.076	+	3041.917	+	4535.151
	=	10,895

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.

MMG (HKSE:01208) 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.

MMG's Liquidation Value for the quarter that ended in Dec. 2023 is

	Liquidation value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	373.308	-	59267.01	+	0.75 * 2770.917	+	0.5 * 3041.917
=	-55,295

MMG Total Current Assets Related Terms

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MMG (HKSE:01208) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » MMG Ltd (HKSE:01208) » Definitions » Total Current Assets

Comparable Companies

Traded in Other Exchanges

MMLTF:USA OMS1:Germany

Address

79 Chatham Road South, Unit 1208, 12th Floor, China Minmetals Tower, Tsimshatsui, Kowloon, Hong Kong, HKG

Website

https://www.mmg.com

MMG Ltd is engaged in the exploration, development, and mining of zinc, copper, gold, silver, and lead deposits around the world. The group has five reportable operating segments namely Dugald River, Kinsevere, Rosebery, Las Bambas, and others. Las Bambas mine is an open-pit, scalable, long-life copper and molybdenum mining operation; Kinsevere is an open-pit copper mining operation located in the Haut-Katanga Province; Dugald River mine is an underground zinc mining operation located near Cloncurry in North West Queensland; Rosebery is an underground polymetallic base metal mining operation located on Tasmania's west coast; and Other Includes corporate entities in the Group. The majority is from the Las Bambas segment. The key revenue by metal is derived from Copper.

Executives

Ai Bang Qi Ye You Xian Gong Si	2201 Interest of corporation controlled by you
Zhong Guo Wu Kuang Ji Tuan You Xian Gong Si	2201 Interest of corporation controlled by you
Zhong Guo Wu Kuang Gu Fen You Xian Gong Si	2201 Interest of corporation controlled by you
Zhong Guo Wu Kuang Xiang Gang Kong Gu You Xian Gong Si	2101 Beneficial owner
Wu Kuang You Se Jin Shu Gu Fen You Xian Gong Si	2201 Interest of corporation controlled by you
Wu Kuang You Se Jin Shu Kong Gu You Xian Gong Si	2201 Interest of corporation controlled by you

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