China Testing & Certification International Group Co (SHSE:603060) Total Current Assets : ¥1,943 Mil (As of Mar. 2024)

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What is China Testing & Certification International Group Co Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. China Testing & Certification International Group Co's total current assets for the quarter that ended in Mar. 2024 was ¥1,943 Mil.

China Testing & Certification International Group Co Total Current Assets Historical Data

The historical data trend for China Testing & Certification International Group 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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China Testing & Certification International Group Co Total Current Assets Chart

China Testing & Certification International Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Current Assets

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816.18

877.94

1,359.81

1,657.55

2,007.54

China Testing & Certification International Group 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															1,612.01	1,709.38	1,769.68	2,007.54	1,942.66

China Testing & Certification International Group 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.

China Testing & Certification International Group 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
	=	388.918	+	1447.94	+	90.818	+	79.864
	=	2,008

China Testing & Certification International Group 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
	=	269.29	+	1414.446	+	117.844	+	141.075
	=	1,943

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.

China Testing & Certification International Group Co (SHSE:603060) 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.

China Testing & Certification International Group 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)
=	269.29	-	2488.972	+	0.75 * 1181.18	+	0.5 * 117.844
=	-1,275

China Testing & Certification International Group Co Total Current Assets Related Terms

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China Testing & Certification International Group Co (SHSE:603060) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » China Testing & Certification International Group Co Ltd (SHSE:603060) » Definitions » Total Current Assets

Comparable Companies

Traded in Other Exchanges

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Address

No. 1 Guanzhuang Dongli, South Building, Research and Production Area, Chaoyang District, Beijing, CHN, 100024

Website

http://www.ctc.ac.cn

China Building Material Test & Certification Group Co Ltd provides third-party inspection and certification services in the fields of building materials and construction engineering. Its service offering comprises certification, safety and instrument development services as well as extended services such as energy-saving emission reduction technology services, standardization services, personnel training and occupational skill identification. The company primarily serve the building materials and construction engineering enterprises, solar photovoltaic product production and application enterprises, carbon emission trading units, product quality and technical supervision departments, industrial and commercial management departments and safety production supervision departments.

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