Major Holdings (HKSE:01389) Total Current Assets : HK$124.77 Mil (As of Sep. 2024)

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What is Major Holdings Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. Major Holdings's total current assets for the quarter that ended in Sep. 2024 was HK$124.77 Mil.

Major Holdings Total Current Assets Historical Data

The historical data trend for Major 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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Major Holdings Total Current Assets Chart

Major Holdings Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Total Current Assets

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173.28

162.55

168.47

122.59

131.80

Major Holdings 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															138.60	122.59	116.28	131.80	124.77

Major 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.

Major Holdings'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
	=	26.45	+	16.252	+	63.367	+	25.73
	=	131.80

Major Holdings'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
	=	17.59	+	64.36	+	42.41	+	0.413
	=	124.77

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.

Major Holdings (HKSE:01389) 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.

Major Holdings'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)
=	17.59	-	10.483	+	0.75 * 28.048	+	0.5 * 42.41
=	49.35

Major Holdings Total Current Assets Related Terms

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Major Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » Major Holdings Ltd (HKSE:01389) » Definitions » Total Current Assets

Traded in Other Exchanges

N/A

Address

30 Canton Road, Suite 1507, Tower 2, Silvercord, Tsim Sha Tsui, Kowloon, Hong Kong, HKG

Website

https://www.majorgroup.com.hk/about

Major Holdings Ltd is an investment holding company. The company is principally engaged in the distribution of wine and spirit products and wine accessory products in Hong Kong. The products of the company include Red wine, White wine, Sparkling wine, Spirits, Sake, Wine accessory products, and other products. The group offers products through its retail showrooms, a network of distributors, retail organizations, five-star hotels, and private clubs. The majority of the revenue of the company is derived from Hong Kong.

Executives

Silver Tycoon Limited	2101 Beneficial owner
Zhang Guangyuan	2101 Beneficial owner
Zhang Guozhong	2101 Beneficial owner
Cheung Chun To	2201 Interest of corporation controlled by you
Lin Shuk Shuen	2101 Beneficial owner
Zheng Huanming	2101 Beneficial owner
High State Investments Limited	2101 Beneficial owner
Leung Chi Kin Joseph	2201 Interest of corporation controlled by you
Ma Pui Ying	2202 Interest of your spouse
Lai Wai Kong	2101 Beneficial owner

Major Holdings Headlines

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