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Fortune Valley Treasures (Fortune Valley Treasures) Total Current Assets

: $5.08 Mil (As of Dec. 2023)
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Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. Fortune Valley Treasures's total current assets for the quarter that ended in Dec. 2023 was $5.08 Mil.

Fortune Valley Treasures Total Current Assets Historical Data

The historical data trend for Fortune Valley Treasures'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.

* Premium members only.

Fortune Valley Treasures Annual Data
Trend Aug15 Aug16 Aug17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Total Current Assets
Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.07 4.23 5.07 6.87 5.08

Fortune Valley Treasures Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Total Current Assets Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 6.87 7.30 6.79 5.74 5.08

Fortune Valley Treasures 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.

Fortune Valley Treasures'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
=0.288+3.119+0.033+1.643
=5.08

Fortune Valley Treasures'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
=0.288+3.119+0.033+1.643
=5.08

* 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.

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.

Fortune Valley Treasures  (OTCPK:FVTI) 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.

Fortune Valley Treasures'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)
=0.288-4.258+0.75 * 3.119+0.5 * 0.033
=-1.61

* 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.

Fortune Valley Treasures Total Current Assets Related Terms

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Fortune Valley Treasures (Fortune Valley Treasures) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » Fortune Valley Treasures Inc (OTCPK:FVTI) » Definitions » Total Current Assets
Comparable Companies
JOAN TLF LNBY PTZH FTEL NVVE ZKGCF SSUNF SPEV GHST ORLY TSX:ATD AZO SHSE:601888 TSCO ULTA GPC BBY ADX:ADNOCDIST CASY
Traded in Other Exchanges
N/A
Address
No. 139 Liansheng Road, B1601 Oriental Impression Building 2, Humen Town, Dongguan, Guangdong, CHN, 523900
Website
http://www.fvti.show
Fortune Valley Treasures Inc is engaged in operations of wholesale distribution and retail sales of food and beverage products in the People's Republic of China. The company is into acquiring businesses that are in the food, beverage, and alcohol industries. Its products include a variety of wines, such as dry red wine, dry white wine, rose wine, and sweet wine, and other products. Its products are sold to retailers, such as wine shops, convenience stores, and supermarkets.
Executives
Kaihong Lin director, officer: CFO, Treasurer, Director NO. 10 OF TUANJIE 2ND ROAD, BEICE, HUMEN, DONGGUAN, GUANGDONG F4 518000
Xinlong Shen director, officer: CEO, CFO 19F, LIANHE TOWER, 1069 NANHAI AVE,, NANSHAN DISTRICT, SHENZHEN F4 518000

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