SIK Cheong Bhd (XKLS:0316) Total Current Assets : RM24.00 Mil (As of Mar. 2024)

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What is SIK Cheong Bhd Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. SIK Cheong Bhd's total current assets for the quarter that ended in Mar. 2024 was RM24.00 Mil.

SIK Cheong Bhd Total Current Assets Historical Data

The historical data trend for SIK Cheong Bhd'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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SIK Cheong Bhd Total Current Assets Chart

SIK Cheong Bhd Annual Data

Trend

Mar21

Mar22

Mar23

Mar24

Total Current Assets

13.34

17.93

20.79

24.00

SIK Cheong Bhd Semi-Annual Data
	Mar21	Mar22	Mar23	Mar24
Total Current Assets	13.34	17.93	20.79	24.00

SIK Cheong Bhd 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.

SIK Cheong Bhd's Total Current Assets for the fiscal year that ended in Mar. 2024 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	13.681	+	7.536	+	1.206	+	1.575
	=	24.00

SIK Cheong Bhd'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
	=	13.681	+	7.536	+	1.206	+	1.575
	=	24.00

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.

SIK Cheong Bhd (XKLS:0316) 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.

SIK Cheong Bhd'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)
=	13.681	-	5.53	+	0.75 * 6.055	+	0.5 * 1.206
=	13.30

SIK Cheong Bhd Total Current Assets Related Terms

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SIK Cheong Bhd Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » SIK Cheong Bhd (XKLS:0316) » Definitions » Total Current Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 11, Jalan 6/14, Kampung Tasik Tambahan, Darul Ehsan, Ampang, SGR, MYS, 68000

Website

https://www.sikcheong.com.my

SIK Cheong Bhd is involved in the repackaging, marketing and distribution of RBD palm olein oil products. Its products include RBD palm olein cooking oil, which are sold under brands, Sawit Emas and Vitamas, or sold unbranded and also sell RBD palm olein lamp oil under brand, Pingat Emas. The company products are consumed and used commercially and in households.

SIK Cheong Bhd Headlines

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