Shengli Oil & Gas Pipe Holdings (HKSE:01080) Total Current Assets : HK$551.5 Mil (As of Dec. 2023)

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What is Shengli Oil & Gas Pipe Holdings Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. Shengli Oil & Gas Pipe Holdings's total current assets for the quarter that ended in Dec. 2023 was HK$551.5 Mil.

Shengli Oil & Gas Pipe Holdings Total Current Assets Historical Data

The historical data trend for Shengli Oil & Gas Pipe 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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Shengli Oil & Gas Pipe Holdings Total Current Assets Chart

Shengli Oil & Gas Pipe Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Current Assets

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1,016.84

1,224.85

1,236.82

588.86

551.51

Shengli Oil & Gas Pipe Holdings 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															1,236.82	555.47	588.86	526.33	551.51

Shengli Oil & Gas Pipe 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.

Shengli Oil & Gas Pipe Holdings'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
	=	150.196	+	117.843	+	133.873	+	149.598
	=	551.5

Shengli Oil & Gas Pipe Holdings'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
	=	150.196	+	117.843	+	133.873	+	149.598
	=	551.5

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.

Shengli Oil & Gas Pipe Holdings (HKSE:01080) 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.

Shengli Oil & Gas Pipe Holdings'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)
=	150.196	-	634.553	+	0.75 * 61.361	+	0.5 * 133.873
=	-371.4

Shengli Oil & Gas Pipe Holdings Total Current Assets Related Terms

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Shengli Oil & Gas Pipe Holdings (HKSE:01080) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Shengli Oil & Gas Pipe Holdings Ltd (HKSE:01080) » Definitions » Total Current Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

Zhongbu Town, Zhangdian District, Shandong Province, Zibo, CHN, 255082

Website

http://www.slogp.com

Shengli Oil & Gas Pipe Holdings Ltd is an oil and gas pipe manufacturer in China. It focuses on the design, manufacturing, value-added processing, and servicing of submerged-arc helical welded pipes (SAWH pipes) and submerged-arc longitudinal welded pipes (SAWL pipes), that are used to transport crude oil, refined petroleum products, natural gas, and other related products. It operates two reportable segments which comprise the pipes business and trading business. The majority of the revenue is derived from the pipes business segment that involves the production of submerged-arc helical welded pipes and submerged-arc longitudinal welded pipe which are mainly used for the oil and infrastructure industry. Geographically it derives revenue from Mainland China.

Executives

Zhang Bizhuang	2101 Beneficial owner
Huang Guang	2201 Interest of corporation controlled by you
Chen Haili	2201 Interest of corporation controlled by you
Hzj Holding Limited	2201 Interest of corporation controlled by you
Mefun Group Limited	2101 Beneficial owner
Wei Jun	2201 Interest of corporation controlled by you
Lm Asset Management Corp	2201 Interest of corporation controlled by you
Lm Global Asset Lp	2101 Beneficial owner
Lmt International Corporation Limited	2201 Interest of corporation controlled by you
Shan Dong Min Ying Lian He Tou Zi Kong Gu Gu Fen You Xian Gong Si	2201 Interest of corporation controlled by you

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