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China Merchants Energy Shipping Co (SHSE:601872) Total Current Assets : ¥11,416 Mil (As of Mar. 2024)


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What is China Merchants Energy Shipping Co Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. China Merchants Energy Shipping Co's total current assets for the quarter that ended in Mar. 2024 was ¥11,416 Mil.

China Merchants Energy Shipping Co Total Current Assets Historical Data

The historical data trend for China Merchants Energy Shipping 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.

* Premium members only.

China Merchants Energy Shipping Co Total Current Assets Chart

China Merchants Energy Shipping Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Total Current Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 14,112.08 17,528.33 16,729.68 17,916.18 11,082.43

China Merchants Energy Shipping Co Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Total Current Assets Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 13,866.34 11,728.30 11,125.53 11,082.43 11,416.02

China Merchants Energy Shipping 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.

China Merchants Energy Shipping 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
=4953.347+4397.89+1313.264+417.933
=11,082

China Merchants Energy Shipping Co'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
=4656.818+4829.022+1352.181+578
=11,416

* 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.

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.

China Merchants Energy Shipping Co  (SHSE:601872) 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.

China Merchants Energy Shipping Co'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)
=4656.818-24485.985+0.75 * 1544.464+0.5 * 1352.181
=-17,995

* 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.

China Merchants Energy Shipping Co Total Current Assets Related Terms

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China Merchants Energy Shipping Co (SHSE:601872) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » China Merchants Energy Shipping Co Ltd (SHSE:601872) » Definitions » Total Current Assets
Comparable Companies
SHSE:601975 SHSE:605090 SZSE:002267 SHSE:600617 SHSE:603689 SZSE:001331 SZSE:002492 TSX:ENB EPD ET WMB OKE KMI MPLX TSX:TRP LNG TRGP CQP TSX:PPL WES
Traded in Other Exchanges
N/A
Address
No. 9 Zhongshan East 1st Road, Shanghai, Shanghai, CHN, 200002
Website
http://www.cmenergyshipping.com
China Merchants Energy Shipping Co Ltd is a China-based company engages in the tanker transportation, bulk cargo vessel transportation and liquid natural gas (LNG) vessel transportation. It provides a full range of energy transportation services running a large diversity of vessels, including crude oil tankers, dry bulk carriers, and LNG carriers. It provides services to the customers from China, Japan, Korea, Southeast Asia and the United States and other countries.
Executives
Hu Bin senior management
Deng Wei Dong Director
Wang Yong Xin Directors, senior managers
Xu Hui senior management
Kong Kang senior management
Yan Wu Shan senior management
Su Xin Gang Director
Ding Lei senior management
Xie Chun Lin Director
Song De Xing Director
Lv Sheng Zhou Director

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