GoFintech Quantum Innovation (HKSE:00290) Total Current Assets : HK$720.54 Mil (As of Sep. 2024)

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What is GoFintech Quantum Innovation Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. GoFintech Quantum Innovation's total current assets for the quarter that ended in Sep. 2024 was HK$720.54 Mil.

GoFintech Quantum Innovation Total Current Assets Historical Data

The historical data trend for GoFintech Quantum Innovation'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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GoFintech Quantum Innovation Total Current Assets Chart

GoFintech Quantum Innovation Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Total Current Assets

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1,033.78

787.72

492.59

369.30

864.10

GoFintech Quantum Innovation Semi-Annual Data
	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24
Total Current Assets	Get a 7-Day Free Trial															387.08	369.30	371.19	864.10	720.54

GoFintech Quantum Innovation 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.

GoFintech Quantum Innovation's Total Current Assets for the fiscal year that ended in Mar. 2024 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	462.761	+	101.854	+	0	+	299.485
	=	864.10

GoFintech Quantum Innovation's Total Current Assets for the quarter that ended in Sep. 2024 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	305.389	+	210.8	+	0	+	204.348
	=	720.54

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.

GoFintech Quantum Innovation (HKSE:00290) 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.

GoFintech Quantum Innovation's Liquidation Value for the quarter that ended in Sep. 2024 is

	Liquidation value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	305.389	-	227.748	+	0.75 * 4.079	+	0.5 * 0
=	80.70

GoFintech Quantum Innovation Total Current Assets Related Terms

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GoFintech Quantum Innovation Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » GoFintech Quantum Innovation Ltd (HKSE:00290) » Definitions » Total Current Assets

Traded in Other Exchanges

N/A

Address

183 Queen’s Road Central, 41st Floor COSCO Tower, Room 4102-06, Hong Kong, HKG

Website

https://www.290.com.hk

GoFintech Quantum Innovation Ltd Formerly GoFintech Innovation Ltd is a cross-border financial service platform based in Hong Kong backed by the Greater Bay Area. The company's reportable and operating segments are; Securities brokerage and margin financing, Corporate finance, Money lending, Consultancy and Insurance brokerage, Asset management, and Equity investment. It generates maximum revenue from the Securities brokerage and margin financing segment which engages in securities brokerage and margin financing in Hong Kong. Geographically, the company derives a majority of its revenue from Hong Kong and the rest from the People's Republic of China.

Executives

Wang Tao	2101 Beneficial owner
Ps Trust Limited	2301 Trustee
Gofintech Esop Limited
Liu Zhiwei	2101 Beneficial owner
Star Banner Development Company Limited	2101 Beneficial owner
Yu Dongge	2101 Beneficial owner
Riverhead Capital (international) Management Co., Ltd.	2101 Beneficial owner
Sun Zhuyin	2202 Interest of your spouse
Xie Zhichun	2201 Interest of corporation controlled by you
Santo Limited	2101 Beneficial owner
Liberal Expansion Limited	2201 Interest of corporation controlled by you
Whole Advance Limited	2201 Interest of corporation controlled by you
Zhao Xu Guang	2201 Interest of corporation controlled by you
Santo Limited	2101 Beneficial owner
Jadehero Limited	2101 Beneficial owner

GoFintech Quantum Innovation Headlines

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