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Qingdao Gaoce Technology Co (SHSE:688556) Total Current Assets : ¥5,602 Mil (As of Sep. 2024)


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What is Qingdao Gaoce Technology Co Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. Qingdao Gaoce Technology Co's total current assets for the quarter that ended in Sep. 2024 was ¥5,602 Mil.


Qingdao Gaoce Technology Co Total Current Assets Historical Data

The historical data trend for Qingdao Gaoce Technology 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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Qingdao Gaoce Technology Co Total Current Assets Chart

Qingdao Gaoce Technology Co Annual Data
Trend Dec13 Dec14 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Total Current Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1,169.45 1,538.98 2,424.42 4,421.90 7,774.78

Qingdao Gaoce Technology 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 7,865.50 7,774.78 7,135.99 6,314.96 5,601.72

Qingdao Gaoce Technology 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.

Qingdao Gaoce Technology Co's Total Current Assets for the fiscal year that ended in Dec. 2023 is calculated as

Qingdao Gaoce Technology Co's Total Current Assets for the quarter that ended in Sep. 2024 is calculated as

* 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.

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.


Qingdao Gaoce Technology Co  (SHSE:688556) 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.

Qingdao Gaoce Technology 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)
=975.016-3818.09+0.75 * 2627.322+0.5 * 1020.262
=-362

* 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.


Qingdao Gaoce Technology Co Total Current Assets Related Terms

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Qingdao Gaoce Technology Co Business Description

Traded in Other Exchanges
N/A
Address
No.66 Huoju Zhilu, High-tech Industrial Development Zone, Shandong Province, Qingdao, CHN, 266114
Qingdao Gaoce Technology Co Ltd is engaged in the research and development, production and sales of cutting equipment for hard and brittle materials and cutting tools. The products are mainly used on silicon wafer for photovoltaic industry.
Executives
Duan Jing Bo Core technical personnel
Yu Wen Bo Supervisors
Wang Mu Ya Directors, senior managers
Zhang Lu Core technical personnel
Zhang Xiu Tao Directors, senior managers
Li Xue Yu Directors, senior managers
Yu Qun Core technical personnel
Xing Xu Core technical personnel
Jiang Shu Ming Director
Zhang Xu Director, core technical staff
Chou Jian Core technical personnel

Qingdao Gaoce Technology Co Headlines

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