Global New Material International Holdings (HKSE:06616) Total Current Assets : HK$4,195 Mil (As of Dec. 2023)

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What is Global New Material International Holdings Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. Global New Material International Holdings's total current assets for the quarter that ended in Dec. 2023 was HK$4,195 Mil.

Global New Material International Holdings Total Current Assets Historical Data

The historical data trend for Global New Material 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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Global New Material International Holdings Total Current Assets Chart

Global New Material International Holdings Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Current Assets

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852.39

1,231.09

2,406.77

2,605.16

4,195.02

Global New Material International Holdings Semi-Annual Data
	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Total Current Assets	Get a 7-Day Free Trial					2,406.77	2,394.43	2,605.16	2,835.03	4,195.02

Global New Material 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.

Global New Material 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
	=	3503.894	+	429.982	+	259.575	+	1.567
	=	4,195

Global New Material International 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
	=	3503.894	+	429.982	+	259.575	+	1.567
	=	4,195

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.

Global New Material International Holdings (HKSE:06616) 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.

Global New Material International 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)
=	3503.894	-	1170.493	+	0.75 * 394.401	+	0.5 * 259.575
=	2,759

Global New Material International Holdings Total Current Assets Related Terms

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Global New Material International Holdings (HKSE:06616) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Global New Material International Holdings Ltd (HKSE:06616) » Definitions » Total Current Assets

Traded in Other Exchanges

N/A

Address

No. 380, Feilu Road, Pearlescent Industrial Park, Guangxi Zhuang Autonomous Region, Luzhai Town, Luzhai County, Liuzhou, CHN, 545600

Website

http://www.chesir.net

Global New Material International Holdings Ltd is engaged in the production, research and development, and sales of pearlescent materials and synthetic mica. The materials are used in diverse applications and industries, including industrial coatings, plastics, textiles and leather, cosmetics, and automotive coatings. The company generates the majority of its revenue from the sale of pearlescent pigment products.

Executives

Wang Huan	2202 Interest of your spouse
Su Ertian	2201 Interest of corporation controlled by you
Guang Xi Tou Zi Ji Tuan You Xian Gong Si	2201 Interest of corporation controlled by you
Guang Xi Gui Dong Dian Li Gu Fen You Xian Gong Si	2101 Beneficial owner
Guang Xi Guang Tou Zheng Run Fa Zhan Ji Tuan You Xian Gong Si	2201 Interest of corporation controlled by you
Guang Xi Lu Hai Xin Tong Dao Gu Quan Tou Zi Guan Li You Xian Gong Si	2201 Interest of corporation controlled by you
Guang Xi Lu Hai Xin Tong Dao Gu Quan Tou Zi Guan Li Zhong Xin You Xian He Huo	2201 Interest of corporation controlled by you
Guang Xi Lu Hai Xin Tong Dao Gu Quan Tou Zi Ji Jin He Huo Qi Ye You Xian He Huo	2201 Interest of corporation controlled by you
Guang Xi Jin Rong Tou Zi Ji Tuan You Xian Gong Si	2201 Interest of corporation controlled by you
Guang Tou Zi Ben Guan Li Ji Tuan You Xian Gong Si	2201 Interest of corporation controlled by you
Guo Jia Kai Fa Yin Hang	2201 Interest of corporation controlled by you
You Ou Bi Tou Zi Guan Li Shang Hai You Xian Gong Si	2201 Interest of corporation controlled by you
Zhong Guo Tou Zi You Xian Ze Ren Gong Si	2201 Interest of corporation controlled by you
Guo Kai Jin Rong You Xian Ze Ren Gong Si	2201 Interest of corporation controlled by you
Zhong Yang Hui Jin Tou Zi You Xian Ze Ren Gong Si	2201 Interest of corporation controlled by you

Global New Material International Holdings (HKSE:06616) Headlines

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