Tsingtao Brewery Co (Tsingtao Brewery Co) Total Current Assets : $4,182 Mil (As of Mar. 2024)

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What is Tsingtao Brewery Co Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. Tsingtao Brewery Co's total current assets for the quarter that ended in Mar. 2024 was $4,182 Mil.

Tsingtao Brewery Co Total Current Assets Historical Data

The historical data trend for Tsingtao Brewery 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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Tsingtao Brewery Co Total Current Assets Chart

Tsingtao Brewery Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Current Assets

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2,994.40

3,766.17

4,546.59

4,590.34

4,147.21

Tsingtao Brewery 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															4,624.36	4,623.33	4,136.06	4,147.21	4,181.58

Tsingtao Brewery 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.

Tsingtao Brewery 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
	=	2969.97	+	39.881	+	495.76	+	641.601
	=	4,147

Tsingtao Brewery 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
	=	3421.864	+	45.945	+	348.135	+	365.634
	=	4,182

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.

Tsingtao Brewery Co (OTCPK:TSGTY) 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.

Tsingtao Brewery 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)
=	3421.864	-	2862.474	+	0.75 * 14.349	+	0.5 * 348.135
=	744

Tsingtao Brewery Co Total Current Assets Related Terms

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Tsingtao Brewery Co (Tsingtao Brewery Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » Tsingtao Brewery Co Ltd (OTCPK:TSGTY) » Definitions » Total Current Assets

Traded in Other Exchanges

TSGTF:USA 00168:Hong Kong TSI:Germany TSI:Germany TSI:Germany 600600:China

Address

No. 35, Donghai West Road, Tsingtao Beer Tower, Shandong Province, Qingdao, CHN, 266071

Website

https://www.tsingtao.com

With over 100 years of history, Tsingtao Brewery has become one of the leading brewers in China with its namesake Tsingtao brand. The company has a dominant position in its core market, Shandong province, which contributed over 60% of its revenue and net profit in 2022. Unlike other major brewers, Tsingtao Brewery's brand umbrellas consist entirely of domestic brands. The Tsingtao brand has a mid-range to high-end market positioning and contributed over half of its volume whereas the mass market Laoshan brand targets the mainstream segment, with a declining volume mix as the company sought to premiumize its portfolio in recent years.