Shin Steel Co (XKRX:162300) Total Current Assets : ₩168,277 Mil (As of Sep. 2024)

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What is Shin Steel Co Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. Shin Steel Co's total current assets for the quarter that ended in Sep. 2024 was ₩168,277 Mil.

Shin Steel Co Total Current Assets Historical Data

The historical data trend for Shin Steel 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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Shin Steel Co Total Current Assets Chart

Shin Steel Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Current Assets

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60,856.79

71,161.55

101,694.15

124,739.36

129,805.88

Shin Steel Co Quarterly Data
	Jun21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Total Current Assets	Get a 7-Day Free Trial							144,816.14	129,805.88	161,848.78	177,387.70	168,276.59

Shin Steel 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.

Shin Steel 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
	=	19133.045	+	70122.832	+	37891.695	+	2658.307
	=	129,806

Shin Steel 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
	=	23401.963	+	79540.345	+	57656.617	+	7677.661
	=	168,277

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.

Shin Steel Co (XKRX:162300) 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.

Shin Steel 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)
=	23401.963	-	160504.959	+	0.75 * 78456.956	+	0.5 * 57656.617
=	-49,432

Shin Steel Co Total Current Assets Related Terms

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Shin Steel Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Shin Steel Co Ltd (XKRX:162300) » Definitions » Total Current Assets

Traded in Other Exchanges

N/A

Address

174, Mieumsandan 4-ro, Gangseo-gu, Busan, KOR

Website

http://www.shin-steel.com

Shin Steel Co Ltd is a steel distribution company that supplies various types of products such as Cold Rolled Steel, Galvanized Steel, Alu-Zinc Steel, Pre-Painted Steel, Stainless Steel, and Tin Plate Steel.

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