New Hope Dairy Co (SZSE:002946) Total Current Assets : ¥2,195 Mil (As of Jun. 2024)

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What is New Hope Dairy Co Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. New Hope Dairy Co's total current assets for the quarter that ended in Jun. 2024 was ¥2,195 Mil.

New Hope Dairy Co Total Current Assets Historical Data

The historical data trend for New Hope Dairy 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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New Hope Dairy Co Total Current Assets Chart

New Hope Dairy Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Current Assets

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1,299.24

1,857.52

2,075.62

2,144.79

2,002.35

New Hope Dairy Co Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Total Current Assets	Get a 7-Day Free Trial															1,986.45	2,126.48	2,002.35	2,100.28	2,194.92

New Hope Dairy 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.

New Hope Dairy 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
	=	491.543	+	711.166	+	711.505	+	88.132
	=	2,002

New Hope Dairy Co's Total Current Assets for the quarter that ended in Jun. 2024 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	797.689	+	751.277	+	544.643	+	101.309
	=	2,195

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.

New Hope Dairy Co (SZSE:002946) 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.

New Hope Dairy Co's Liquidation Value for the quarter that ended in Jun. 2024 is

	Liquidation value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	797.689	-	6334.281	+	0.75 * 685.741	+	0.5 * 544.643
=	-4,750

New Hope Dairy Co Total Current Assets Related Terms

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New Hope Dairy Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » New Hope Dairy Co Ltd (SZSE:002946) » Definitions » Total Current Assets

Traded in Other Exchanges

N/A

Address

No.366 Jinshi Road, New Hope Zhongding International, No. 3, 18th Floor, Building 2, Jinjiang District, Sichuan, Chengdu, CHN, 610023

Website

http://www.newhopedairy.cn

New Hope Dairy Co Ltd is a dairy products supplier in China. The company have 12 dairy enterprises in Southwest China, Eastern China and Northern China, including 4 national enterprises of agricultural industrialization and 8 provincial enterprises.

Executives

Lin Yong Yu	Executives
Li Hong Mei	Supervisors
Xi Gang	Director
Zhu Chuan	Directors, executives
Zhang Shuai	Executives

New Hope Dairy Co Headlines

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