Shineroad International Holdings (HKSE:01587) Total Current Assets : HK$358.4 Mil (As of Jun. 2024)

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What is Shineroad International Holdings Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. Shineroad International Holdings's total current assets for the quarter that ended in Jun. 2024 was HK$358.4 Mil.

Shineroad International Holdings Total Current Assets Historical Data

The historical data trend for Shineroad 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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Shineroad International Holdings Total Current Assets Chart

Shineroad International Holdings Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Current Assets

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416.38

488.17

525.88

457.60

364.23

Shineroad International Holdings Semi-Annual Data
	Dec15	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Total Current Assets	Get a 7-Day Free Trial												472.66	457.60	436.22	364.23	358.38

Shineroad 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.

Shineroad International 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
	=	172.272	+	101.797	+	62.462	+	27.702
	=	364.2

Shineroad International Holdings's Total Current Assets for the quarter that ended in Jun. 2024 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	144.044	+	99.537	+	55.082	+	59.714
	=	358.4

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.

Shineroad International Holdings (HKSE:01587) 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.

Shineroad International Holdings's Liquidation Value for the quarter that ended in Jun. 2024 is

	Liquidation value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	144.044	-	195.365	+	0.75 * 68.139	+	0.5 * 55.082
=	27.3

Shineroad International Holdings Total Current Assets Related Terms

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Shineroad International Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Shineroad International Holdings Ltd (HKSE:01587) » Definitions » Total Current Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

Lane 1040, Caoyang Road, Zhongyou Building, 25th Floor South, Block 1, Putuo District, Shanghai, CHN

Website

https://www.shineroad.com

Shineroad International Holdings Ltd is a distributor in the food ingredients and additives distribution industry with the capabilities to provide food ingredients application solutions to its customers. The company supplies its extensive portfolio of various food ingredients and food additives to food manufacturers in the PRC, Vietnam, and Thailand. It has one reportable segment which is the distribution of food ingredients and food additives. Its products are classified into food ingredients, food additives, and packaging materials. The Company derives its revenue mainly from the distribution of food ingredients and food additives in the PRC.

Executives

Asian Equity Special Opportunities Portfolio Master Fund Limited	2101 Beneficial owner
Rays Capital Partners Limited	2102 Investment manager
Ruan David Ching Chi	2201 Interest of corporation controlled by you
Chen Dongying	2202 Interest of your spouse
Huang Haixiao	2201 Interest of corporation controlled by you
Ocean Town Company Limited	2201 Interest of corporation controlled by you
Shineroad Group Limited	2101 Beneficial owner

Shineroad International Holdings Headlines

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