China Oilfield Services (China Oilfield Services) Total Current Assets : $4,057 Mil (As of Mar. 2024)

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What is China Oilfield Services Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. China Oilfield Services's total current assets for the quarter that ended in Mar. 2024 was $4,057 Mil.

China Oilfield Services Total Current Assets Historical Data

The historical data trend for China Oilfield Services'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 Oilfield Services Total Current Assets Chart

China Oilfield Services Annual Data

Trend

Dec14

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Dec16

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Dec19

Dec20

Dec21

Dec22

Dec23

Total Current Assets

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3,283.52

4,025.32

3,969.31

4,031.97

4,239.39

China Oilfield Services 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															4,361.69	4,428.79	4,627.18	4,239.39	4,057.04

China Oilfield Services 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 Oilfield Services'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
	=	1546.227	+	2066.749	+	331.949	+	294.466
	=	4,239

China Oilfield Services'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
	=	1315.965	+	2313.593	+	320.389	+	107.091
	=	4,057

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 Oilfield Services (OTCPK:CHOLF) 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 Oilfield Services'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)
=	1315.965	-	5480.164	+	0.75 * 2248.092	+	0.5 * 320.389
=	-2,318

China Oilfield Services Total Current Assets Related Terms

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China Oilfield Services (China Oilfield Services) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » China Oilfield Services Ltd (OTCPK:CHOLF) » Definitions » Total Current Assets

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Traded in Other Exchanges

02883:Hong Kong CO9:Germany 601808:China

Address

201 Haiyou Avenue, Yanjiao Economic & Technological Development Zone, Hebei Province, Sanhe City, CHN, 065201

Website

https://www.cosl.com.cn

China Oilfield Services Ltd is engaged in the provision of oilfield services including drilling services, well services, marine support services, and geophysical acquisition and surveying services. It operates in four segments; the drilling services segment offers oilfield drilling services, the well services segment offers logging and downhole services, the marine support services segment is engaged in the transportation of materials, supplies, and personnel to offshore facilities, moving and positioning drilling structures, and the geophysical acquisition and surveying services segment is engaged in the provision of offshore seismic data acquisition and marine surveying.