Shengkai Innovations (Shengkai Innovations) Total Current Assets : $83.04 Mil (As of Mar. 2013)

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What is Shengkai Innovations Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. Shengkai Innovations's total current assets for the quarter that ended in Mar. 2013 was $83.04 Mil.

Shengkai Innovations Total Current Assets Historical Data

The historical data trend for Shengkai Innovations'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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Shengkai Innovations Total Current Assets Chart

Shengkai Innovations Annual Data

Trend

Dec05

Dec06

Dec07

Jun08

Jun09

Jun10

Jun11

Jun12

Total Current Assets

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26.18

45.74

32.70

79.63

82.47

Shengkai Innovations Quarterly Data
	Jun08	Sep08	Dec08	Mar09	Jun09	Sep09	Dec09	Mar10	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13
Total Current Assets	Get a 7-Day Free Trial															82.30	82.47	83.11	83.05	83.04

Shengkai Innovations 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.

Shengkai Innovations's Total Current Assets for the fiscal year that ended in Jun. 2012 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	64.82	+	12.436	+	2.751	+	2.464
	=	82.47

Shengkai Innovations's Total Current Assets for the quarter that ended in Mar. 2013 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	66.272	+	9.343	+	2.343	+	5.082
	=	83.04

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.

Shengkai Innovations (OTCPK:VALV) 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.

Shengkai Innovations's Liquidation Value for the quarter that ended in Mar. 2013 is

	Liquidation value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	66.272	-	3.031	+	0.75 * 6.469	+	0.5 * 2.343
=	69.26

Shengkai Innovations Total Current Assets Related Terms

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Shengkai Innovations (Shengkai Innovations) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Distribution » Shengkai Innovations Inc (OTCPK:VALV) » Definitions » Total Current Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.106, Zhonghuan South Road, Airport Industrial Park, Tianjin, CHN, 300308

Website

http://www.shengkaiinnovations.com

Shengkai Innovations Inc is a ceramic valve manufacturer with operations in the People's Republic of China.

Executives

Ming He	officer: Chief Financial Officer	NO. 106 ZHONGHUAN SOUTH ROAD, AIRPORT INDUSTRIAL PARK, TIANJIN F4 300308
Martin A. Sumichrast	10 percent owner	11125 COLONIAL COUNTRY LANE, CHARLOTTE NC 28277

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