Magnificent Hotel Investments (HKSE:00201) Total Current Assets : HK$336.9 Mil (As of Dec. 2023)

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What is Magnificent Hotel Investments Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. Magnificent Hotel Investments's total current assets for the quarter that ended in Dec. 2023 was HK$336.9 Mil.

Magnificent Hotel Investments Total Current Assets Historical Data

The historical data trend for Magnificent Hotel Investments'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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Magnificent Hotel Investments Total Current Assets Chart

Magnificent Hotel Investments Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Current Assets

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98.37

163.43

275.39

293.72

336.91

Magnificent Hotel Investments Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Total Current Assets	Get a 7-Day Free Trial															275.39	685.86	293.72	284.32	336.91

Magnificent Hotel Investments 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.

Magnificent Hotel Investments'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
	=	309.245	+	18.46	+	1.418	+	7.782
	=	336.9

Magnificent Hotel Investments's Total Current Assets for the quarter that ended in Dec. 2023 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	309.245	+	18.46	+	1.418	+	7.782
	=	336.9

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.

Magnificent Hotel Investments (HKSE:00201) 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.

Magnificent Hotel Investments's Liquidation Value for the quarter that ended in Dec. 2023 is

	Liquidation value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	309.245	-	1066.36	+	0.75 * 15.569	+	0.5 * 1.418
=	-744.7

Magnificent Hotel Investments Total Current Assets Related Terms

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Magnificent Hotel Investments (HKSE:00201) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Magnificent Hotel Investments Ltd (HKSE:00201) » Definitions » Total Current Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

24-30 Ice House Street, 3rd Floor, Shun Ho Tower, Central, Hong Kong, HKG

Website

http://www.magnificenthotelinv.com

Magnificent Hotel Investments Ltd is an investment holding company. The firm manages its business into three segments, namely Hospitality services, Property investment, and Securities investment. It operates the Ramada Hotel, Best Western Plus Hotel, Best Western Hotel, Magnificent International Hotel, Best Western Causeway Bay, and Grand City Hotel. It derives the majority of its revenue from the Hospitality services segment. Its geographical segments are Hong Kong, China, and the United States.

Executives

Alef United Holdings Limited	2401 A concert party to an agreement to buy shares
Credit Suisse Trust Limited	2201 Interest of corporation controlled by you
Hashim Majed Hashim A.	2201 Interest of corporation controlled by you
North Salomon Limited	2201 Interest of corporation controlled by you
Saray Capital Limited	2201 Interest of corporation controlled by you
Saray Value Fund Spc	2401 A concert party to an agreement to buy shares
Shobokshi Hussam Ali H.	2201 Interest of corporation controlled by you
Fmr Llc	2201 Interest of corporation controlled by you
Omnico Company Inc.	2201 Interest of corporation controlled by you
Shun Ho Holdings Limited	2201 Interest of corporation controlled by you
Shun Ho Property Investments Limited	2101 Beneficial owner
Trillion Resources Limited	2201 Interest of corporation controlled by you
Lee Pui Ling Liza	2202 Interest of your spouse

Magnificent Hotel Investments (HKSE:00201) Headlines

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