Renaissance Asia Silk Road Group (HKSE:00274) Total Current Assets : HK$139.2 Mil (As of Jun. 2023)

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What is Renaissance Asia Silk Road Group Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. Renaissance Asia Silk Road Group's total current assets for the quarter that ended in Jun. 2023 was HK$139.2 Mil.

Renaissance Asia Silk Road Group Total Current Assets Historical Data

The historical data trend for Renaissance Asia Silk Road 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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Renaissance Asia Silk Road Group Total Current Assets Chart

Renaissance Asia Silk Road Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Current Assets

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176.73

118.71

27.37

76.95

134.31

Renaissance Asia Silk Road Group Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Total Current Assets	Get a 7-Day Free Trial															27.37	29.06	76.95	139.22	134.31

Renaissance Asia Silk Road 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.

Renaissance Asia Silk Road Group'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
	=	52.388	+	8.465	+	0	+	16.099
	=	77.0

Renaissance Asia Silk Road Group's Total Current Assets for the quarter that ended in Jun. 2023 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	48.518	+	90.702	+	0	+	0
	=	139.2

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.

Renaissance Asia Silk Road Group (HKSE:00274) 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.

Renaissance Asia Silk Road Group's Liquidation Value for the quarter that ended in Jun. 2023 is

	Liquidation value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	48.518	-	442.811	+	0.75 * 20.017	+	0.5 * 0
=	-379.3

Renaissance Asia Silk Road Group Total Current Assets Related Terms

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Renaissance Asia Silk Road Group (HKSE:00274) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Renaissance Asia Silk Road Group Ltd (HKSE:00274) » Definitions » Total Current Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

168-200 Connaught Road Central, Room 1208, 12th Floor, West Tower, Shun Tak Centre, Hong Kong, HKG

Website

https://www.rasr.com.hk

Renaissance Asia Silk Road Group Ltd, formerly China Billion Resources Ltd is an investment holding company. It operates through three operating segments: Mining Products, which generates the majority of revenue; Moneylending; and Trading & wholesale. The Mining Products segment engages in gold mining, exploration, and trading of gold products. The Money Lending business segment provides money lending services. The Trading & wholesale segment is engaged in the trading of coal and wholesale & trading of frozen meat. Its geographical segments are Hong Kong and China, of which the majority of its revenue comes from China.

Executives

Zhang Jiaxin	2101 Beneficial owner
Reconstruction Capital Group Limited	2101 Beneficial owner
Sun Guiling	2201 Interest of corporation controlled by you
Wang Song	2201 Interest of corporation controlled by you
Excellent Shine Capital Limited	2101 Beneficial owner
Wang Huimin	2201 Interest of corporation controlled by you
Du Huiyan	2201 Interest of corporation controlled by you
China Zhongsheng Investment Limited	2101 Beneficial owner
Xu Huiqiang	2201 Interest of corporation controlled by you
Wang Yajun	2201 Interest of corporation controlled by you
Everbright Fortune Company Limited	2101 Beneficial owner
Mu Yongjie	2101 Beneficial owner
Ng Chikong	2101 Beneficial owner
Wang Juan	2101 Beneficial owner
Li Tiejian	2101 Beneficial owner

Renaissance Asia Silk Road Group (HKSE:00274) Headlines

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