Pacific Millennium Packaging Group (HKSE:01820) Total Current Assets : HK$957 Mil (As of Dec. 2023)

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What is Pacific Millennium Packaging Group Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. Pacific Millennium Packaging Group's total current assets for the quarter that ended in Dec. 2023 was HK$957 Mil.

Pacific Millennium Packaging Group Total Current Assets Historical Data

The historical data trend for Pacific Millennium Packaging Group'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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Pacific Millennium Packaging Group Total Current Assets Chart

Pacific Millennium Packaging Group Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Current Assets

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1,150.49

1,024.83

1,127.15

967.91

956.75

Pacific Millennium Packaging Group Semi-Annual Data
	Dec15	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Total Current Assets	Get a 7-Day Free Trial											1,127.15	1,042.14	967.91	901.15	956.75

Pacific Millennium Packaging Group 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.

Pacific Millennium Packaging Group'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
	=	158.928	+	600.859	+	142.6	+	54.358
	=	957

Pacific Millennium Packaging Group'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
	=	158.928	+	600.859	+	142.6	+	54.358
	=	957

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.

Pacific Millennium Packaging Group (HKSE:01820) 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.

Pacific Millennium Packaging Group'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)
=	158.928	-	1177.393	+	0.75 * 585.637	+	0.5 * 142.6
=	-508

Pacific Millennium Packaging Group Total Current Assets Related Terms

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Pacific Millennium Packaging Group (HKSE:01820) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Pacific Millennium Packaging Group Corp (HKSE:01820) » Definitions » Total Current Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 398, Tian Lin Road, A303, 3rd Floor, Block 2, Shanghai, CHN, 200233

Website

http://www.pmpgc.com

Pacific Millennium Packaging Group Corp is an investment holding company engaged in the manufacture and sale of packaging materials. Its product offering includes; Corrugated packaging products like corrugated boxes, pallets, display stands, heavy-duty packaging, specialized packaging products; and Corrugated sheet boards. It caters to different industries such as Food and beverage, Paper and packaging, Non-food-and-beverage-consumables, Supplier chain solutions, E-commerce, Home electronics, and Others include home furniture, computer, and electronic device such as mobile phones, cameras, textiles, machinery, medical products, etc. The company generates the majority of its revenue from China.

Pacific Millennium Packaging Group (HKSE:01820) Headlines

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