Tsit Wing International Holdings (HKSE:02119) Total Current Assets : HK$517.5 Mil (As of Dec. 2023)

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What is Tsit Wing International Holdings Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. Tsit Wing International Holdings's total current assets for the quarter that ended in Dec. 2023 was HK$517.5 Mil.

Tsit Wing International Holdings Total Current Assets Historical Data

The historical data trend for Tsit Wing International Holdings'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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Tsit Wing International Holdings Total Current Assets Chart

Tsit Wing International Holdings Annual Data

Trend

Dec10

Dec11

Dec12

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Current Assets

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572.87

522.72

580.17

517.85

517.46

Tsit Wing International Holdings Semi-Annual Data
	Jun10	Dec10	Jun11	Dec11	Jun12	Dec12	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Total Current Assets	Get a 7-Day Free Trial															580.17	508.14	517.85	481.54	517.46

Tsit Wing International Holdings 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.

Tsit Wing International Holdings'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
	=	253.752	+	127.305	+	131.502	+	4.904
	=	517.5

Tsit Wing International Holdings'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
	=	253.752	+	127.305	+	131.502	+	4.904
	=	517.5

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.

Tsit Wing International Holdings (HKSE:02119) 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.

Tsit Wing International Holdings'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)
=	253.752	-	144.681	+	0.75 * 115.169	+	0.5 * 131.502
=	261.2

Tsit Wing International Holdings Total Current Assets Related Terms

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Tsit Wing International Holdings (HKSE:02119) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Non-Alcoholic » Tsit Wing International Holdings Ltd (HKSE:02119) » Definitions » Total Current Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

15–33 Kwai Tak Street, Flats F-J, 11th Floor, Block 1, Kwai Tak Industrial Centre, Kwai Chung, New Territories, Hong Kong, HKG

Website

https://www.twcoffee.com

Tsit Wing International Holdings Ltd is an investment holding company engaged in the processing and sale of coffee, tea, and complementary products, sale of frozen processed food, sale and rental of coffee and tea machines, and food and beverage store operation. It has two operating segments: Beverage Solutions and Food Products. It derives majority revenue from the Beverage segment that processes and distributes coffee, tea and related complementary products, sells food and beverages, coffee machines and other related products, operates food and beverage stores and leases coffee and tea machines. The Group offers frozen food to renowned brands under its frozen food brand Papa Chef. The company operates in Hong Kong, Mainland China, and other countries with majority revenue from Hongkong.

Executives

Hero Asia Company Limited	2101 Beneficial owner
Li Ying Wah Irene	2202 Interest of your spouse
Wong Tat Tong
Hero Valour Limited	2401 A concert party to an agreement to buy shares
Dah Chong Hong Food International Holdings Limited	2101 Beneficial owner
Citic Group Corporation	2201 Interest of corporation controlled by you
Citic Limited	2201 Interest of corporation controlled by you

Tsit Wing International Holdings (HKSE:02119) Headlines

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