XXF Group Holdings (HKSE:02473) Total Current Assets : HK$1,585 Mil (As of Dec. 2023)

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What is XXF Group Holdings Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. XXF Group Holdings's total current assets for the quarter that ended in Dec. 2023 was HK$1,585 Mil.

XXF Group Holdings Total Current Assets Historical Data

The historical data trend for XXF Group 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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XXF Group Holdings Total Current Assets Chart

XXF Group Holdings Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Total Current Assets

941.06

1,160.18

1,386.18

1,584.69

XXF Group Holdings Semi-Annual Data
	Dec20	Dec21	Jun22	Dec22	Jun23	Dec23
Total Current Assets	Get a 7-Day Free Trial			1,160.18	-	1,386.18	1,310.36	1,584.69

XXF Group 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.

XXF Group 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
	=	292.841	+	48.778	+	185.916	+	1057.156
	=	1,585

XXF Group 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
	=	292.841	+	48.778	+	185.916	+	1057.156
	=	1,585

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.

XXF Group Holdings (HKSE:02473) 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.

XXF Group 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)
=	292.841	-	2340.07	+	0.75 * 10.859	+	0.5 * 185.916
=	-1,946

XXF Group Holdings Total Current Assets Related Terms

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XXF Group Holdings (HKSE:02473) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » XXF Group Holdings Ltd (HKSE:02473) » Definitions » Total Current Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 318 Fuguang Road, Building 3, Fuxing Economic Development Zone, Jin’an District, Fujian, Fuzhou, CHN

Website

http://www.xxfqc.com

XXF Group Holdings Ltd is an established automobile retailer providing automobile finance lease service primarily through its self-operated sales outlets in the PRC. The Group's principal businesses comprise (i) automobile retail and finance, where it sells non-luxury automobiles mostly on direct finance lease; and (ii) automobile-related businesses, where it principally offers automobile operating lease service and other automobile-related services. It is one of the offline third-party RAFLCs among all the RAFLCs in the market.

Executives

Precious Luck Developments Management Limited	2101 Beneficial owner
Fu Zhou Zhi Tong Tou Zi He Huo Qi Ye You Xian He Huo	2201 Interest of corporation controlled by you
Fu Zhou Wei Chuang Hong Jing Qi Ye Guan Li You Xian Gong Si	2201 Interest of corporation controlled by you
Shang Hai Bo Yu Qi Ye Guan Li He Huo Qi Ye You Xian He Huo	2201 Interest of corporation controlled by you
Shang Hai Xuan Te Qi Ye Guan Li You Xian Gong Si	2201 Interest of corporation controlled by you
Zhu Hai Wan He Jin Hua Zi Chan Guan Li You Xian Gong Si	2201 Interest of corporation controlled by you
Zhu Hai Wan He Xing Sheng Tou Zi Guan Li Zhong Xin You Xian He Huo	2201 Interest of corporation controlled by you
Guo Tou Zi Ben Kong Gu You Xian Gong Si	2201 Interest of corporation controlled by you
Bei Jing Dong Zhang An Ji Tuan You Xian Gong Si	2201 Interest of corporation controlled by you
Bei Jing Dong An Wei Ye Tou Zi Guan Li You Xian Gong Si	2201 Interest of corporation controlled by you
Fo Shan Shi Hui Shang Yin Tou Zi You Xian Gong Si	2201 Interest of corporation controlled by you
Shang Hai Ji Li Qi Ye Guan Li He Huo Qi Ye You Xian He Huo	2201 Interest of corporation controlled by you
Teng Xin Tou Zi You Xian Gong Si	2201 Interest of corporation controlled by you
Shang Hai Bo Li Qi Ye Guan Li You Xian Gong Si	2201 Interest of corporation controlled by you
Huang Wei	2501 Other

XXF Group Holdings (HKSE:02473) Headlines

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