Zhejiang Kingland Pipeline and Technologies Co (SZSE:002443) Total Current Assets : ¥3,571 Mil (As of Mar. 2024)

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What is Zhejiang Kingland Pipeline and Technologies Co Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. Zhejiang Kingland Pipeline and Technologies Co's total current assets for the quarter that ended in Mar. 2024 was ¥3,571 Mil.

Zhejiang Kingland Pipeline and Technologies Co Total Current Assets Historical Data

The historical data trend for Zhejiang Kingland Pipeline and Technologies 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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Zhejiang Kingland Pipeline and Technologies Co Total Current Assets Chart

Zhejiang Kingland Pipeline and Technologies Co Annual Data

Trend

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Dec23

Total Current Assets

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2,655.58

2,901.73

3,279.98

3,616.97

3,573.47

Zhejiang Kingland Pipeline and Technologies 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															3,607.83	3,412.25	3,523.87	3,573.47	3,570.97

Zhejiang Kingland Pipeline and Technologies 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.

Zhejiang Kingland Pipeline and Technologies 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
	=	1087.909	+	1159.15	+	1053.673	+	272.735
	=	3,573

Zhejiang Kingland Pipeline and Technologies 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
	=	975.892	+	1134.452	+	1089.607	+	371.014
	=	3,571

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.

Zhejiang Kingland Pipeline and Technologies Co (SZSE:002443) 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.

Zhejiang Kingland Pipeline and Technologies 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)
=	975.892	-	968.485	+	0.75 * 858.839	+	0.5 * 1089.607
=	1,196

Zhejiang Kingland Pipeline and Technologies Co Total Current Assets Related Terms

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Zhejiang Kingland Pipeline and Technologies Co (SZSE:002443) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Zhejiang Kingland Pipeline and Technologies Co Ltd (SZSE:002443) » Definitions » Total Current Assets

Traded in Other Exchanges

N/A

Address

No. 18, Taolin Road, Room 703, Block A, Huanqiu Guangchang, Pudong, Shanghai, CHN, 200135

Website

http://www.chinakingland.com

Zhejiang Kingland Pipeline and Technologies Co Ltd is engaged in manufacturing and sales of welded steel pipe products. Its products include SAWL Pipe, HFW Pipe, SAWH Pipe, FBE/2PE/3PE Coated Pipe, and Hot-dip galvanized pipe/Black Pipe.

Executives

Shen Bai Fang	Executives
Shen Gan Rong	Directors, executives
Gu Su Min	Director
Shen Yong Quan	Executives
Dong Guo Hua	Supervisors
Qian Li Xiong	Executives
Xu Shui Rong	Director
Yu Jin Fang	Director
Zhou Xin Hua	Director
Yang Wei Fang	Executives
Wu Wei Ping	Directors, executives
Yu Min Hong	Directors, executives

Zhejiang Kingland Pipeline and Technologies Co (SZSE:002443) Headlines

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