Shanghai National Center of Testing & Inspection for Electric Cable & Wire (SZSE:301289) Total Current Assets : ¥768.1 Mil (As of Mar. 2024)

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What is Shanghai National Center of Testing & Inspection for Electric Cable & Wire Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. Shanghai National Center of Testing & Inspection for Electric Cable & Wire's total current assets for the quarter that ended in Mar. 2024 was ¥768.1 Mil.

Shanghai National Center of Testing & Inspection for Electric Cable & Wire Total Current Assets Historical Data

The historical data trend for Shanghai National Center of Testing & Inspection for Electric Cable & Wire'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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Shanghai National Center of Testing & Inspection for Electric Cable & Wire Total Current Assets Chart

Shanghai National Center of Testing & Inspection for Electric Cable & Wire Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Current Assets

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188.68

227.01

278.61

744.84

764.62

Shanghai National Center of Testing & Inspection for Electric Cable & Wire Quarterly Data
	Dec18	Dec19	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Total Current Assets	Get a 7-Day Free Trial												766.31	742.96	741.34	764.62	768.05

Shanghai National Center of Testing & Inspection for Electric Cable & Wire 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.

Shanghai National Center of Testing & Inspection for Electric Cable & Wire'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
	=	703.692	+	23.938	+	5.318	+	31.67
	=	764.6

Shanghai National Center of Testing & Inspection for Electric Cable & Wire'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
	=	688.92	+	48.088	+	7.156	+	23.886
	=	768.1

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.

Shanghai National Center of Testing & Inspection for Electric Cable & Wire (SZSE:301289) 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.

Shanghai National Center of Testing & Inspection for Electric Cable & Wire'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)
=	688.92	-	223.74	+	0.75 * 47.75	+	0.5 * 7.156
=	504.6

Shanghai National Center of Testing & Inspection for Electric Cable & Wire Total Current Assets Related Terms

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Shanghai National Center of Testing & Inspection for Electric Cable & Wire (SZSE:301289) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Shanghai National Center of Testing & Inspection for Electric Cable & Wire (SZSE:301289) » Definitions » Total Current Assets

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Address

No. 888 Zhenchen Road, Baoshan District, Shanghai, CHN, 200444

Website

http://www.ticw.com.cn

Shanghai National Center of Testing & Inspection for Electric Cable & Wire is involved in the testing and inspection services for wire, cable and fiber optic cables. The main business scope includes testing, calibration, inspection, proficiency testing, 3C certification and production license testing, engineering application technical services, standardization services and others.

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