Volcano Spring International Holdings (HKSE:01715) Total Current Assets : HK$176.81 Mil (As of Jun. 2023)

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What is Volcano Spring International Holdings Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. Volcano Spring International Holdings's total current assets for the quarter that ended in Jun. 2023 was HK$176.81 Mil.

Volcano Spring International Holdings Total Current Assets Historical Data

The historical data trend for Volcano Spring International Holdings'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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Volcano Spring International Holdings Total Current Assets Chart

Volcano Spring International Holdings Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Current Assets

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289.67

231.34

184.70

187.01

147.75

Volcano Spring International Holdings Semi-Annual Data
	Dec15	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Total Current Assets	Get a 7-Day Free Trial											184.70	158.85	187.01	176.81	147.75

Volcano Spring International Holdings 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.

Volcano Spring International Holdings'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
	=	37.135	+	41.394	+	54.886	+	14.336
	=	147.75

Volcano Spring International Holdings's Total Current Assets for the quarter that ended in Jun. 2023 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	7.638	+	95.233	+	73.94	+	0
	=	176.81

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.

Volcano Spring International Holdings (HKSE:01715) 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.

Volcano Spring International Holdings's Liquidation Value for the quarter that ended in Jun. 2023 is

	Liquidation value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	7.638	-	132.889	+	0.75 * 17.319	+	0.5 * 73.94
=	-75.29

Volcano Spring International Holdings Total Current Assets Related Terms

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Volcano Spring International Holdings (HKSE:01715) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Volcano Spring International Holdings Ltd (HKSE:01715) » Definitions » Total Current Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

3585 Sanlu Road, West Building No. 2, Pujiang Industrial Zone, Caohejing Hi-tech Park, Shanghai, CHN, 201114

Website

http://www.mijiholdings.com

Volcano Spring International Holdings Ltd Formerly Miji International Holdings Ltd is engaged in developing, manufacturing, and selling premium kitchen appliances. Its products are Hobs and Stoves including radiant stoves and induction stoves, pots, and pans. It sells its products under the brand name Miji Design, Miji Home, and Miju Pro. It generates a majority of its revenue from the sale of Hobs and stoves (Radiant). Geographically, it generates its revenue from the People's Republic of China.

Executives

Seashore Global Enterprises Limited	2101 Beneficial owner
Wu Huizhang	2201 Interest of corporation controlled by you
Ample Cheer Limited
Kingston Finance Limited
Chu Yuet Wah
Ke Fusheng	2101 Beneficial owner
Maeck Can Yue	2201 Interest of corporation controlled by you
Wide Big Investment Limited	2101 Beneficial owner

Volcano Spring International Holdings (HKSE:01715) Headlines

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