Qilu Expressway Company (HKSE:01576) Total Current Assets : HK$2,084 Mil (As of Dec. 2023)

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What is Qilu Expressway Company Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. Qilu Expressway Company's total current assets for the quarter that ended in Dec. 2023 was HK$2,084 Mil.

Qilu Expressway Company Total Current Assets Historical Data

The historical data trend for Qilu Expressway Company'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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Qilu Expressway Company Total Current Assets Chart

Qilu Expressway Company Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Current Assets

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1,822.04

750.05

1,014.04

2,694.96

2,083.90

Qilu Expressway Company Semi-Annual Data
	Dec15	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Total Current Assets	Get a 7-Day Free Trial											1,014.04	2,636.70	2,694.96	1,961.31	2,083.90

Qilu Expressway Company 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.

Qilu Expressway Company'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
	=	655.997	+	845.737	+	47.851	+	534.314
	=	2,084

Qilu Expressway Company'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
	=	655.997	+	845.737	+	47.851	+	534.314
	=	2,084

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.

Qilu Expressway Company (HKSE:01576) 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.

Qilu Expressway Company'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)
=	655.997	-	9247.918	+	0.75 * 506.555	+	0.5 * 47.851
=	-8,188

Qilu Expressway Company Total Current Assets Related Terms

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Qilu Expressway Company (HKSE:01576) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Qilu Expressway Company Ltd (HKSE:01576) » Definitions » Total Current Assets

Traded in Other Exchanges

N/A

Address

No. 7000, Jingshi East Road, Zone 3, Hanyu Financial & Business Centre, Room 2301, Block 4, High-tech Zone, Shandong Province, Jinan, CHN

Website

http://www.qlecl.com

Qilu Expressway Company Ltd is an expressway operator in Shandong province with the concession rights to construct, maintain, operate and management of the Jihe Expressway, the Deshang Expressway and the Shennan Expressway. It has only one reportable segment, Expressway Business. Its operations are located in Mainland China.

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