Jiu Rong Holdings (HKSE:02358) Total Current Assets : HK$894.0 Mil (As of Jun. 2023)

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What is Jiu Rong Holdings Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. Jiu Rong Holdings's total current assets for the quarter that ended in Jun. 2023 was HK$894.0 Mil.

Jiu Rong Holdings Total Current Assets Historical Data

The historical data trend for Jiu Rong 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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Jiu Rong Holdings Total Current Assets Chart

Jiu Rong Holdings Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Total Current Assets

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900.80

832.46

1,182.19

1,292.40

1,204.80

Jiu Rong Holdings Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Total Current Assets	Get a 7-Day Free Trial															1,742.30	1,292.40	1,405.01	1,204.80	894.02

Jiu Rong 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.

Jiu Rong Holdings's Total Current Assets for the fiscal year that ended in Dec. 2022 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	193.094	+	878.808	+	22.627	+	110.272
	=	1,204.8

Jiu Rong Holdings's Total Current Assets for the quarter that ended in Jun. 2023 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	19.528	+	747.055	+	8.907	+	118.532
	=	894.0

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.

Jiu Rong Holdings (HKSE:02358) 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.

Jiu Rong Holdings's Liquidation Value for the quarter that ended in Jun. 2023 is

	Liquidation value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	19.528	-	2115.602	+	0.75 * 356.39	+	0.5 * 8.907
=	-1,824.3

Jiu Rong Holdings Total Current Assets Related Terms

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Jiu Rong Holdings (HKSE:02358) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Jiu Rong Holdings Ltd (HKSE:02358) » Definitions » Total Current Assets

Traded in Other Exchanges

N/A

Address

1 Harbour Road, Flat 8, 49th Floor, Office Tower, Convention Plaza, Wanchai, Hong Kong, HKG

Website

http://www.jiurongkg.com

Jiu Rong Holdings Ltd is an investment holding company. Its Digital Video business segment, which is the key revenue driver, carries out the manufacturing and sales of digital television (TV), high definition liquid crystal display TV, and set-top boxes as well as provision of application of solutions regarding the integration of telecommunication, TV, and internet in the digital audiovisual industry. The other segments of the group are the New energy vehicles business; Cloud Ecological Big Data Business; Properties development, Properties investment and, General Trading. The group has a business presence in the PRC, Hong Kong, and Cuba, of which a majority of revenue is generated from the PRC.

Jiu Rong Holdings (HKSE:02358) Headlines

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