Jiangsu Rainbow Heavy Industries Co (SZSE:002483) Total Current Assets : ¥6,816 Mil (As of Mar. 2024)

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What is Jiangsu Rainbow Heavy Industries Co Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. Jiangsu Rainbow Heavy Industries Co's total current assets for the quarter that ended in Mar. 2024 was ¥6,816 Mil.

Jiangsu Rainbow Heavy Industries Co Total Current Assets Historical Data

The historical data trend for Jiangsu Rainbow Heavy Industries 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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Jiangsu Rainbow Heavy Industries Co Total Current Assets Chart

Jiangsu Rainbow Heavy Industries Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Current Assets

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3,033.32

3,598.74

4,271.48

6,890.94

7,489.85

Jiangsu Rainbow Heavy Industries 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															8,447.52	8,628.27	8,090.71	7,489.85	6,815.61

Jiangsu Rainbow Heavy Industries 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.

Jiangsu Rainbow Heavy Industries 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
	=	3517.709	+	1869.654	+	1174.372	+	928.118
	=	7,490

Jiangsu Rainbow Heavy Industries 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
	=	3064.777	+	1869.502	+	1212.11	+	669.223
	=	6,816

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.

Jiangsu Rainbow Heavy Industries Co (SZSE:002483) 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.

Jiangsu Rainbow Heavy Industries 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)
=	3064.777	-	5690.578	+	0.75 * 1196.264	+	0.5 * 1212.11
=	-1,123

Jiangsu Rainbow Heavy Industries Co Total Current Assets Related Terms

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Jiangsu Rainbow Heavy Industries Co (SZSE:002483) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Jiangsu Rainbow Heavy Industries Co Ltd (SZSE:002483) » Definitions » Total Current Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.9, Zhenxing West Road, Economic & Technology Development Zone, Natong, CHN, 226010

Website

http://www.jiangsurhi.com

Jiangsu Rainbow Heavy Industries Co Ltd is mainly engaged in the engineering, fabrication, sale, and maintenance of cranes in China. Its major business consists of 2 modules: high-end equipment manufactures and environmental protection. The high-end equipment manufacture module includes material lifting, offshore equipment, and shipbuilding, the products covered all kinds of lifting machinery, ship equipment, marine equipment, car parking equipment, engineering vessels and other related products. The environmental protection module includes industrial wastewater treatment, sludge treatment, hazardous solid waste disposal and other energy saving, recycling economy business.

Executives

Sha Ming Jun	Director
Wu Jian	Directors, executives
Xie Gui Xing	Directors, executives, directors
Sun Jian Cheng	Executives
Li Xiao Qin	Executives
Lin Bo	Executives

Jiangsu Rainbow Heavy Industries Co (SZSE:002483) Headlines

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