China Specialty Glass AG (FRA:8GS) Total Current Assets : €82.4 Mil (As of Jun. 2014)

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What is China Specialty Glass AG Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. China Specialty Glass AG's total current assets for the quarter that ended in Jun. 2014 was €82.4 Mil.

China Specialty Glass AG Total Current Assets Historical Data

The historical data trend for China Specialty Glass AG'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 Specialty Glass AG Total Current Assets Chart

China Specialty Glass AG Annual Data

Trend

Dec10

Dec11

Dec12

Dec13

Total Current Assets

52.68

75.12

111.72

143.14

China Specialty Glass AG Quarterly Data
	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14
Total Current Assets	Get a 7-Day Free Trial									146.33	154.80	143.14	80.44	82.42

China Specialty Glass AG 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 Specialty Glass AG's Total Current Assets for the fiscal year that ended in Dec. 2013 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	119.556	+	17.215	+	2.132	+	4.236
	=	143.1

China Specialty Glass AG's Total Current Assets for the quarter that ended in Jun. 2014 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	52.914	+	26.782	+	2.15	+	0.571
	=	82.4

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 Specialty Glass AG (FRA:8GS) 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 Specialty Glass AG's Liquidation Value for the quarter that ended in Jun. 2014 is

	Liquidation value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	52.914	-	58.012	+	0.75 * 26.782	+	0.5 * 2.15
=	16.1

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China Specialty Glass AG (FRA:8GS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » China Specialty Glass AG (FRA:8GS) » Definitions » Total Current Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

An den Romerhuegeln 1, Grunwald, DEU, 82031

Website

http://www.csg-ag.com

China Specialty Glass AG is a glass manufacturer in China. It develops, produces and sells specialty glass under its Hing Wah brand. It operates into three business segments namely automotive security glass; bank security glass and construction glass.

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