Sincere Watch (Hong Kong) (HKSE:00444) Total Current Assets : HK$242.3 Mil (As of Sep. 2023)

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What is Sincere Watch (Hong Kong) Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. Sincere Watch (Hong Kong)'s total current assets for the quarter that ended in Sep. 2023 was HK$242.3 Mil.

Sincere Watch (Hong Kong) Total Current Assets Historical Data

The historical data trend for Sincere Watch (Hong Kong)'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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Sincere Watch (Hong Kong) Total Current Assets Chart

Sincere Watch (Hong Kong) Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Total Current Assets

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622.39

495.27

477.35

434.46

284.47

Sincere Watch (Hong Kong) Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Total Current Assets	Get a 7-Day Free Trial															485.03	434.46	371.05	284.47	242.27

Sincere Watch (Hong Kong) 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.

Sincere Watch (Hong Kong)'s Total Current Assets for the fiscal year that ended in Mar. 2023 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	66.808	+	39.529	+	178.13	+	0
	=	284.5

Sincere Watch (Hong Kong)'s Total Current Assets for the quarter that ended in Sep. 2023 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	75.466	+	57.831	+	108.974	+	-2.8421709430404E-14
	=	242.3

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.

Sincere Watch (Hong Kong) (HKSE:00444) 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.

Sincere Watch (Hong Kong)'s Liquidation Value for the quarter that ended in Sep. 2023 is

	Liquidation value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	75.466	-	540.238	+	0.75 * 6.836	+	0.5 * 108.974
=	-405.2

Sincere Watch (Hong Kong) Total Current Assets Related Terms

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Sincere Watch (Hong Kong) (HKSE:00444) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Sincere Watch (Hong Kong) Ltd (HKSE:00444) » Definitions » Total Current Assets

Traded in Other Exchanges

N/A

Address

20/F China Merchants Tower, Shun Tak Centre, Unit 2016–2018, 168–200 Connaught Road Central, Hong Kong, HKG

Website

http://www.sincerewatch.com.hk

Sincere Watch (Hong Kong) Ltd sells luxury third-party-branded watches, timepieces, and accessories in Asia. The majority of its sales are in Mainland China and Macau, with the remaining sales in Hong Kong. Brands that Sincere sells include Franck Muller, CVSTOS, Pierre Kunz, European Company Watch, and Backes & Strauss. The company sells merchandise through retail outlets operated by independent watch dealers and through its company-operated boutiques. Sincere also has a dining business that accounts for a small amount of total revenue.

Executives

Allied Group Limited	2201 Interest of corporation controlled by you
Shipshape Investments Limited	2201 Interest of corporation controlled by you
Sun Hung Kai & Co. Limited	2201 Interest of corporation controlled by you
Sun Hung Kai Structured Finance Limited	2106 Person having a security interest in shares
Lee Seng Huang	2201 Interest of corporation controlled by you
Lee Su Hwei	2201 Interest of corporation controlled by you
Be Bright Limited	2101 Beneficial owner
Chu Yuet Wah
Allied Properties (h.k.) Limited	2201 Interest of corporation controlled by you
Asia Gate Holdings Co., Ltd.	2201 Interest of corporation controlled by you
Sky League Limited	2101 Beneficial owner
Wang Fang	2201 Interest of corporation controlled by you
Allied Crown Investment Limited	2101 Beneficial owner
Bai Ning	2201 Interest of corporation controlled by you
Brilliant World Limited	2101 Beneficial owner

Sincere Watch (Hong Kong) (HKSE:00444) Headlines

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