Xiamen Sinic-Tek Intelligent Technology Co (SZSE:301568) Total Current Assets : ¥962.3 Mil (As of Sep. 2024)

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What is Xiamen Sinic-Tek Intelligent Technology Co Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. Xiamen Sinic-Tek Intelligent Technology Co's total current assets for the quarter that ended in Sep. 2024 was ¥962.3 Mil.

Xiamen Sinic-Tek Intelligent Technology Co Total Current Assets Historical Data

The historical data trend for Xiamen Sinic-Tek Intelligent 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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Xiamen Sinic-Tek Intelligent Technology Co Total Current Assets Chart

Xiamen Sinic-Tek Intelligent Technology Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Total Current Assets

207.37

282.42

348.86

404.25

988.57

Xiamen Sinic-Tek Intelligent Technology Co Quarterly Data
	Dec19	Dec20	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Total Current Assets	Get a 7-Day Free Trial									426.41	988.57	1,000.65	918.89	962.26

Xiamen Sinic-Tek Intelligent 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.

Xiamen Sinic-Tek Intelligent Technology 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
	=	771.373	+	93.52	+	121.862	+	1.8109999999999
	=	988.6

Xiamen Sinic-Tek Intelligent Technology Co's Total Current Assets for the quarter that ended in Sep. 2024 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	683.956	+	80.359	+	190.195	+	7.754
	=	962.3

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.

Xiamen Sinic-Tek Intelligent Technology Co (SZSE:301568) 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.

Xiamen Sinic-Tek Intelligent 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)
=	683.956	-	124.831	+	0.75 * 43.96	+	0.5 * 190.195
=	687.2

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Xiamen Sinic-Tek Intelligent Technology Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Xiamen Sinic-Tek Intelligent Technology Co Ltd (SZSE:301568) » Definitions » Total Current Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

Toudong 1st Road, No. 273, Tongxiang High-tech City, Torch High-tech Zone, Fujian Province, Xiamen, CHN, 361101

Website

https://www.sinictek.com

Xiamen Sinic-Tek Intelligent Technology Co Ltd is engaged in research and development, production, sales and value-added services of machine vision inspection equipment. Its products include 3D Solder Paste Inspection (3D SPI), 3D Automatic Optic Inspection (3D AOI) and online X-Ray inspection equipment (Automated X-ray Inspection (AXI for short).

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