Zhejiangnmei Chemical Industry Co (SHSE:603379) Total Current Assets : ¥4,305 Mil (As of Mar. 2024)

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What is Zhejiangnmei Chemical Industry Co Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. Zhejiangnmei Chemical Industry Co's total current assets for the quarter that ended in Mar. 2024 was ¥4,305 Mil.

Zhejiangnmei Chemical Industry Co Total Current Assets Historical Data

The historical data trend for Zhejiangnmei Chemical Industry 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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Zhejiangnmei Chemical Industry Co Total Current Assets Chart

Zhejiangnmei Chemical Industry Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Current Assets

Get a 7-Day Free Trial

4,186.78

4,192.23

4,815.18

4,733.36

4,283.02

Zhejiangnmei Chemical Industry 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															4,524.93	4,595.66	4,497.66	4,283.02	4,304.65

Zhejiangnmei Chemical Industry 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.

Zhejiangnmei Chemical Industry 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
	=	3207.684	+	450.736	+	543.351	+	81.246999999999
	=	4,283

Zhejiangnmei Chemical Industry 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
	=	3182.644	+	592.14	+	465.05	+	64.818
	=	4,305

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.

Zhejiangnmei Chemical Industry Co (SHSE:603379) 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.

Zhejiangnmei Chemical Industry 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)
=	3182.644	-	740.15	+	0.75 * 352.532	+	0.5 * 465.05
=	2,939

Zhejiangnmei Chemical Industry Co Total Current Assets Related Terms

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Zhejiangnmei Chemical Industry Co (SHSE:603379) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Zhejiang Sanmei Chemical Industry Co Ltd (SHSE:603379) » Definitions » Total Current Assets

Traded in Other Exchanges

N/A

Address

Hushlindustrial Zone, Qingnian Road, Zhejiang Province, Wuyi County, Jinhua, CHN, 321200

Website

http://www.sanmeichem.com

Zhejiang Sanmei Chemical Industry Co Ltd is specialized in research and development and product production of fluorine chemical products. The products are sold to more than 30 provinces and cities nationwide and more than 100 countries and regions around the world. The company has two series of products, organic fluorine and inorganic fluorine.

Executives

Zhan Lin Xi	Directors, senior managers
Xu Yao Chun	Director
Wu Shao Ming	Director
Shi Fu Qiang	senior management
Hu Fa Xiang	Directors, senior managers
Qian Kang Fu	Supervisors
Hu Qi Xiang	Directors, senior managers

Zhejiangnmei Chemical Industry Co (SHSE:603379) Headlines

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