Elegance Optical International Holdings (HKSE:00907) Total Current Assets : HK$60.00 Mil (As of Sep. 2023)

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What is Elegance Optical International Holdings Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. Elegance Optical International Holdings's total current assets for the quarter that ended in Sep. 2023 was HK$60.00 Mil.

Elegance Optical International Holdings Total Current Assets Historical Data

The historical data trend for Elegance Optical International Holdings'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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Elegance Optical International Holdings Total Current Assets Chart

Elegance Optical International Holdings Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Total Current Assets

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185.82

144.39

180.27

110.39

57.54

Elegance Optical International Holdings 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															163.03	110.39	75.49	57.54	60.00

Elegance Optical International Holdings 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.

Elegance Optical International Holdings'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
	=	24.736	+	32.739	+	0.062	+	7.105427357601E-15
	=	57.54

Elegance Optical International Holdings'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
	=	34.652	+	25.3	+	0.045	+	0
	=	60.00

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.

Elegance Optical International Holdings (HKSE:00907) 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.

Elegance Optical International Holdings'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)
=	34.652	-	73.889	+	0.75 * 4.023	+	0.5 * 0.045
=	-36.20

Elegance Optical International Holdings Total Current Assets Related Terms

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Elegance Optical International Holdings (HKSE:00907) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Elegance Optical International Holdings Ltd (HKSE:00907) » Definitions » Total Current Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

145 Hennessy Road, On Hong Commercial Building, Room 22, 22nd Floor, Wanchai, Hong Kong, HKG

Website

http://www.elegance-group.com

Elegance Optical International Holdings Ltd and its subsidiaries are the manufacturers and sellers of optical frames and sunglasses. Its operating segments include Manufacturing and trading engaged in the manufacture and trading of optical frames and sunglasses; the Property investment segment is involved in leasing properties for rental income; the Debts and securities investment segment engaged in investments in financial instruments and quoted shares; Film investment and distribution segment engaged in film right and movie distributions; and Energy business. It derives key revenue from the Manufacturing and trading segment. It operates in Europe, America, the PRC (including Hong Kong), and other countries.

Executives

Albert Yeung Capital Holdings Limited	2201 Interest of corporation controlled by you
Cdm Trust & Board Services Ag	2301 Trustee
Emperor Capital Group Limited	2201 Interest of corporation controlled by you
Emperor Securities Limited	2101 Beneficial owner
Luk Siu Man, Semon	2202 Interest of your spouse
Yeung Sau Shing, Albert	2307 Founder of a discretionary trust who can infl
Wong Chong Fai	2101 Beneficial owner
Kitchell Osman Bin	2101 Beneficial owner
Wong Hoi Fung	2101 Beneficial owner

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