ASTEEL Group Bhd (XKLS:7020) Total Current Assets : RM153.6 Mil (As of Sep. 2024)

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What is ASTEEL Group Bhd Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. ASTEEL Group Bhd's total current assets for the quarter that ended in Sep. 2024 was RM153.6 Mil.

ASTEEL Group Bhd Total Current Assets Historical Data

The historical data trend for ASTEEL Group 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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ASTEEL Group Bhd Total Current Assets Chart

ASTEEL Group Bhd Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Current Assets

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125.15

103.40

133.48

153.41

159.04

ASTEEL Group Bhd Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Total Current Assets	Get a 7-Day Free Trial															150.89	159.04	155.67	158.15	153.59

ASTEEL Group 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.

ASTEEL Group Bhd'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
	=	7.243	+	61.484	+	60.497	+	29.813
	=	159.0

ASTEEL Group Bhd'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
	=	28.577	+	67.579	+	55.228	+	2.207
	=	153.6

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.

ASTEEL Group Bhd (XKLS:7020) 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.

ASTEEL Group Bhd'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)
=	28.577	-	158.869	+	0.75 * 64.258	+	0.5 * 55.228
=	-54.5

ASTEEL Group Bhd Total Current Assets Related Terms

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ASTEEL Group Bhd Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » ASTEEL Group Bhd (XKLS:7020) » Definitions » Total Current Assets

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Address

No.2 Jalan Setia Prima S U13/S Seksyen U13, Suite 27-1 Setia Avenue, Setia Alam, Shah Alam, SGR, MYS, 40170

Website

https://www.asteelgroup.com

ASTEEL Group Bhd operates integrated steel mills in East Malaysia, which is a wholly owned subsidiary of YKGI HOLDINGS BERHAD. ASTEEL specializes in steel roofing and structure design and building and focuses on the downstream industry for other building and construction materials. It is involved in the manufacturing of coated steel products and processing of metal roofing, wall cladding & fencing, metal floor decking, light gauge structural components, purlins, and framing systems under the brands ASTEEL and ASTAR. The firm operates in two segments: ARSB and STARSHINE. ARSB segment that derives the majority of revenue engages in manufacturing and selling coated steel products and downstream roofing products, trading of hardware and building materials in Sabah and Sarawak, East Malaysia.

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