Chongqing Machinery & Electric Co (HKSE:02722) Total Current Assets : HK$12,446 Mil (As of Dec. 2023)

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What is Chongqing Machinery & Electric Co Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. Chongqing Machinery & Electric Co's total current assets for the quarter that ended in Dec. 2023 was HK$12,446 Mil.

Chongqing Machinery & Electric Co Total Current Assets Historical Data

The historical data trend for Chongqing Machinery & Electric 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.

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Chongqing Machinery & Electric Co Total Current Assets Chart

Chongqing Machinery & Electric Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Current Assets

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11,517.75

12,729.56

13,285.12

12,614.87

12,445.86

Chongqing Machinery & Electric Co 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															13,285.12	12,649.23	12,614.87	13,109.12	12,445.86

Chongqing Machinery & Electric 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.

Chongqing Machinery & Electric 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
	=	2668.916	+	6109.768	+	2439.881	+	1227.291
	=	12,446

Chongqing Machinery & Electric Co'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
	=	2668.916	+	6109.768	+	2439.881	+	1227.291
	=	12,446

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.

Chongqing Machinery & Electric Co (HKSE:02722) 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.

Chongqing Machinery & Electric Co'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)
=	2668.916	-	10113.356	+	0.75 * 3001.739	+	0.5 * 2439.881
=	-3,973

Chongqing Machinery & Electric Co Total Current Assets Related Terms

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Chongqing Machinery & Electric Co (HKSE:02722) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Chongqing Machinery & Electric Co Ltd (HKSE:02722) » Definitions » Total Current Assets

Comparable Companies

Traded in Other Exchanges

CE3:Germany

Address

No. 60 Middle Section of Huangshan Avenue, New North Zone, Chongqing, CHN, 401123

Website

https://www.chinacqme.com

Chongqing Machinery & Electric Co Ltd is principally engaged in designing, manufacturing, and sales of automobile parts and components, power equipment, general machinery, CNC machine tools, and trade & finance business. It also engages in the operation of equipment manufacturing, real estate development, financial investment, import and export trade, advisory services, and new technology. The company's operating segments include Engines, Hydroelectric Generation Equipment, Electrical Wires and Cables, General Machinery, Machinery tools, CNC machine tools division, High-voltage transformers, Material sales division, Financial Services, and Others.

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