Hangzhou TianMuShan Pharmaceutical Enterprise Co (SHSE:600671) Total Current Assets : ¥181.1 Mil (As of Sep. 2023)

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What is Hangzhou TianMuShan Pharmaceutical Enterprise Co Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. Hangzhou TianMuShan Pharmaceutical Enterprise Co's total current assets for the quarter that ended in Sep. 2023 was ¥181.1 Mil.

Hangzhou TianMuShan Pharmaceutical Enterprise Co Total Current Assets Historical Data

The historical data trend for Hangzhou TianMuShan Pharmaceutical Enterprise 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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Hangzhou TianMuShan Pharmaceutical Enterprise Co Total Current Assets Chart

Hangzhou TianMuShan Pharmaceutical Enterprise Co Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Total Current Assets

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234.15

266.35

222.93

186.08

124.13

Hangzhou TianMuShan Pharmaceutical Enterprise Co Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Total Current Assets	Get a 7-Day Free Trial															144.90	124.13	112.45	92.89	181.06

Hangzhou TianMuShan Pharmaceutical Enterprise 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.

Hangzhou TianMuShan Pharmaceutical Enterprise Co's Total Current Assets for the fiscal year that ended in Dec. 2022 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	42.392	+	32.779	+	47.561	+	1.401
	=	124.1

Hangzhou TianMuShan Pharmaceutical Enterprise Co's Total Current Assets for the quarter that ended in Sep. 2023 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	100.946	+	32.536	+	41.849	+	5.727
	=	181.1

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.

Hangzhou TianMuShan Pharmaceutical Enterprise Co (SHSE:600671) 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.

Hangzhou TianMuShan Pharmaceutical Enterprise Co's Liquidation Value for the quarter that ended in Sep. 2023 is

	Liquidation value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	100.946	-	362.804	+	0.75 * 29.512	+	0.5 * 41.849
=	-218.8

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Hangzhou TianMuShan Pharmaceutical Enterprise Co (SHSE:600671) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Hangzhou TianMuShan Pharmaceutical Enterprise Co Ltd (SHSE:600671) » Definitions » Total Current Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.18 Shangyang Road, Jinnan Street, Lin'an District, Zhejiang Province, Hangzhou, CHN, 311300

Website

http://www.hztmyy.com

Hangzhou TianMuShan Pharmaceutical Enterprise Co Ltd is engaged in producing proprietary Chinese medicines, biopharmaceuticals, healthy foods, medical equipment, and other medicines in China. The company is also engaged in medical device production and sales, cosmetics production, sales, production and sales of sanitary products.

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