Renheng Enterprise Holdings (HKSE:03628) Total Current Assets : HK$209.4 Mil (As of Dec. 2023)

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What is Renheng Enterprise Holdings Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. Renheng Enterprise Holdings's total current assets for the quarter that ended in Dec. 2023 was HK$209.4 Mil.

Renheng Enterprise Holdings Total Current Assets Historical Data

The historical data trend for Renheng Enterprise 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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Renheng Enterprise Holdings Total Current Assets Chart

Renheng Enterprise Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Current Assets

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158.89

187.22

235.79

230.37

209.44

Renheng Enterprise Holdings 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															235.79	201.83	230.37	198.17	209.44

Renheng Enterprise 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.

Renheng Enterprise 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
	=	86.1	+	33.252	+	72.554	+	17.529
	=	209.4

Renheng Enterprise 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
	=	86.1	+	33.252	+	72.554	+	17.529
	=	209.4

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.

Renheng Enterprise Holdings (HKSE:03628) 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.

Renheng Enterprise 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)
=	86.1	-	112.131	+	0.75 * 27.912	+	0.5 * 72.554
=	31.2

Renheng Enterprise Holdings Total Current Assets Related Terms

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Renheng Enterprise Holdings (HKSE:03628) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Renheng Enterprise Holdings Ltd (HKSE:03628) » Definitions » Total Current Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

16 Harcourt Road, Room 3805, 38th Floor, Far East Finance Centre, Admiralty, Hong Kong, HKG

Website

https://www.renhengenterprise.com

Renheng Enterprise Holdings Ltd is an investment holding company that is engaged in the manufacture and sale of tobacco machinery products in the PRC. The company mainly produces three types of catalogued special-purpose tobacco machinery products, namely casing and flavoring system, pneumatic feeding system and pre-pressing packing machine. It is also engaged in the provision of maintenance, overhaul and modification services in respect of tobacco machinery products. The sale of catalogued special-purpose tobacco machinery products contributes most of the firm's revenue. All of the group's revenue are derived in the PRC.

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