Dawei Technology (Guangdong) Group Co (SHSE:600589) Total Current Assets : ¥553.0 Mil (As of Sep. 2024)

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What is Dawei Technology (Guangdong) Group Co Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. Dawei Technology (Guangdong) Group Co's total current assets for the quarter that ended in Sep. 2024 was ¥553.0 Mil.

Dawei Technology (Guangdong) Group Co Total Current Assets Historical Data

The historical data trend for Dawei Technology (Guangdong) Group Co'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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Dawei Technology (Guangdong) Group Co Total Current Assets Chart

Dawei Technology (Guangdong) Group Co Annual Data

Trend

Dec14

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Dec22

Dec23

Total Current Assets

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2,948.70

2,904.28

1,211.00

387.46

1,303.81

Dawei Technology (Guangdong) Group Co Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Total Current Assets	Get a 7-Day Free Trial															290.01	1,303.81	618.68	552.88	553.01

Dawei Technology (Guangdong) Group Co 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.

Dawei Technology (Guangdong) Group Co'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
	=	1161.873	+	69.906	+	0	+	72.034
	=	1,303.8

Dawei Technology (Guangdong) Group Co'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
	=	348.746	+	78.411	+	0	+	125.85
	=	553.0

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.

Dawei Technology (Guangdong) Group Co (SHSE:600589) 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.

Dawei Technology (Guangdong) Group Co'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)
=	348.746	-	1177.482	+	0.75 * 69.449	+	0.5 * 0
=	-776.6

Dawei Technology (Guangdong) Group Co Total Current Assets Related Terms

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Dawei Technology (Guangdong) Group Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Dawei Technology (Guangdong) Group Co Ltd (SHSE:600589) » Definitions » Total Current Assets

Traded in Other Exchanges

N/A

Address

No. 1 Xinxing East 2nd Road, West side of Jiedong Economic Development Zone, Guangdong Province, Jieyang, CHN, 515500

Website

https://www.gdrongtai.cn

Dawei Technology (Guangdong) Group Co Ltd formerly Guangdong Rongtai Industry Co Ltd produces and sells new chemical materials and their products mostly and does research and development of high polymer composite. The company owns 3 plants (a chemical solvent plant, a chemical material plant, a melamine ware plant), a research institute, an engineering and technology research and development center (province grade), an enterprise technology center (province grade), and a postdoctoral programme.

Executives

Xia Chun Yuan	Directors, senior managers
Zhang Wei	Directors, senior managers
Zhou Chun	senior management
Yang Bao Sheng	Director

Dawei Technology (Guangdong) Group Co Headlines

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