Shandong Molong Petroleum Machinery Co (HKSE:00568) Total Current Assets : HK$1,010.0 Mil (As of Dec. 2023)

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What is Shandong Molong Petroleum Machinery Co Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. Shandong Molong Petroleum Machinery Co's total current assets for the quarter that ended in Dec. 2023 was HK$1,010.0 Mil.

Shandong Molong Petroleum Machinery Co Total Current Assets Historical Data

The historical data trend for Shandong Molong Petroleum Machinery Co'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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Shandong Molong Petroleum Machinery Co Total Current Assets Chart

Shandong Molong Petroleum Machinery Co Annual Data

Trend

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Dec23

Total Current Assets

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2,736.17

2,652.88

2,261.31

1,840.42

1,010.00

Shandong Molong Petroleum Machinery Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Total Current Assets	Get a 7-Day Free Trial															1,862.21	1,562.91	1,145.65	1,010.00	-

Shandong Molong Petroleum Machinery Co 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.

Shandong Molong Petroleum Machinery Co'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
	=	108.364	+	366.167	+	497.54	+	37.933
	=	1,010.0

Shandong Molong Petroleum Machinery Co'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
	=	108.364	+	366.167	+	497.54	+	37.933
	=	1,010.0

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.

Shandong Molong Petroleum Machinery Co (HKSE:00568) 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.

Shandong Molong Petroleum Machinery Co'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)
=	108.364	-	2792.832	+	0.75 * 277.016	+	0.5 * 497.54
=	-2,227.9

Shandong Molong Petroleum Machinery Co Total Current Assets Related Terms

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Shandong Molong Petroleum Machinery Co (HKSE:00568) Business Description

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SHANY:USA SHANF:USA 002490:China

Address

No. 99 Xingshang Road, Gucheng Street, Shandong Province, Shouguang, CHN, 262700

Website

http://www.molonggroup.com

Shandong Molong Petroleum Machinery Co Ltd is mainly engaged in design, research and development, processing and manufacturing, sales service and export trade of products for the energy equipment industry. The main products included petroleum-drilling machinery equipment, petroleum and natural gas transportation equipment, petroleum and natural gas exploitation equipment, and major critical components and castings and forgings products. The company's products are mainly used in petroleum, natural gas, coalbed methane, shale gas and other energy drilling, machinery processing, and urban pipe network. The sales of pipe products accounted for over 80% of the company's revenue.

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