GreenTree Hospitality Group (GreenTree Hospitality Group) Total Current Assets : $227.8 Mil (As of Dec. 2023)

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What is GreenTree Hospitality Group Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. GreenTree Hospitality Group's total current assets for the quarter that ended in Dec. 2023 was $227.8 Mil.

GreenTree Hospitality Group Total Current Assets Historical Data

The historical data trend for GreenTree Hospitality Group'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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GreenTree Hospitality Group Total Current Assets Chart

GreenTree Hospitality Group Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Current Assets

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180.39

242.27

287.51

244.12

227.83

GreenTree Hospitality Group Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Jun22	Sep22	Dec22	Jun23	Sep23	Dec23
Total Current Assets	Get a 7-Day Free Trial															-	244.12	261.47	237.07	227.83

GreenTree Hospitality Group 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.

GreenTree Hospitality Group'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
	=	169.37	+	38.282	+	2.866	+	17.313
	=	227.8

GreenTree Hospitality Group'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
	=	169.37	+	38.282	+	2.866	+	17.313
	=	227.8

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.

GreenTree Hospitality Group (NYSE:GHG) 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.

GreenTree Hospitality Group'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)
=	169.37	-	501.995	+	0.75 * 17.351	+	0.5 * 2.866
=	-318.2

GreenTree Hospitality Group Total Current Assets Related Terms

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GreenTree Hospitality Group (GreenTree Hospitality Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » GreenTree Hospitality Group Ltd (NYSE:GHG) » Definitions » Total Current Assets

Comparable Companies

Traded in Other Exchanges

GT1A:Germany

Address

1228 Zhongshan North Road, Putuo District, Shanghai, CHN, 200065

Website

https://www.998.com

GreenTree Hospitality Group Ltd is a franchised hotel operator in China as franchised and managed hotels represent almost all the hotels in its hotel network. The hotel network of the company comprised approximately 4,059 hotels with nearly 302,497 rooms in China, covering all centrally administrated municipalities and cities throughout all provinces and autonomous regions in China. The company operates its hotels under GreenTree Inns, GreenTree Eastern, Gme, Gya and VX, GreenTree Alliance, Vatica, and others. The company operates solely in China and generates all its revenue from China itself.