CNFC Overseas Fisheries Co (SZSE:000798) Total Current Assets : ¥3,210 Mil (As of Mar. 2024)

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What is CNFC Overseas Fisheries Co Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. CNFC Overseas Fisheries Co's total current assets for the quarter that ended in Mar. 2024 was ¥3,210 Mil.

CNFC Overseas Fisheries Co Total Current Assets Historical Data

The historical data trend for CNFC Overseas Fisheries 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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CNFC Overseas Fisheries Co Total Current Assets Chart

CNFC Overseas Fisheries Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Current Assets

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385.93

329.79

244.71

2,503.25

3,070.85

CNFC Overseas Fisheries Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Total Current Assets	Get a 7-Day Free Trial															680.29	797.70	2,503.88	3,070.85	3,210.13

CNFC Overseas Fisheries 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.

CNFC Overseas Fisheries 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
	=	686.355	+	378.63	+	1812.421	+	193.442
	=	3,071

CNFC Overseas Fisheries Co's Total Current Assets for the quarter that ended in Mar. 2024 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	584.454	+	479.336	+	1911.655	+	234.681
	=	3,210

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.

CNFC Overseas Fisheries Co (SZSE:000798) 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.

CNFC Overseas Fisheries Co's Liquidation Value for the quarter that ended in Mar. 2024 is

	Liquidation value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	584.454	-	4612.301	+	0.75 * 387.948	+	0.5 * 1911.655
=	-2,781

CNFC Overseas Fisheries Co Total Current Assets Related Terms

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CNFC Overseas Fisheries Co (SZSE:000798) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » CNFC Overseas Fisheries Co Ltd (SZSE:000798) » Definitions » Total Current Assets

Traded in Other Exchanges

N/A

Address

No. 31 Minfeng Hutong, Xicheng District, 6th Floor, Zhongshui Building, Beijing, CHN, 100032

Website

http://www.cofc.com.cn

CNFC Overseas Fisheries Co Ltd is a China-based company mainly engaged in distant water fishing operation and international economic and trading cooperation. It owns various ocean-going fishing vessels and carries out fishing operations in the Pacific Ocean, Indian Ocean, and the Atlantic Ocean. Its product offerings include squid from Argentina and Peru, saury, tuna, and by-catches as well as associated processed marine products. The company is also engaged in aquatic products trading, ship repair, import and export of fishing machinery, gears, other related equipment, and supplies.

CNFC Overseas Fisheries Co (SZSE:000798) Headlines

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