Yechiu Metal Recycling (China) (SHSE:601388) Total Current Assets : ¥3,216 Mil (As of Mar. 2024)

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What is Yechiu Metal Recycling (China) Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. Yechiu Metal Recycling (China)'s total current assets for the quarter that ended in Mar. 2024 was ¥3,216 Mil.

Yechiu Metal Recycling (China) Total Current Assets Historical Data

The historical data trend for Yechiu Metal Recycling (China)'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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Yechiu Metal Recycling (China) Total Current Assets Chart

Yechiu Metal Recycling (China) Annual Data

Trend

Dec14

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Dec19

Dec20

Dec21

Dec22

Dec23

Total Current Assets

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3,283.01

3,465.69

4,139.87

3,539.36

3,150.41

Yechiu Metal Recycling (China) Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Total Current Assets	Get a 7-Day Free Trial															3,748.65	3,378.32	3,172.28	3,150.41	3,215.98

Yechiu Metal Recycling (China) 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.

Yechiu Metal Recycling (China)'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
	=	1141.43	+	593.88	+	1197.767	+	217.329
	=	3,150

Yechiu Metal Recycling (China)'s Total Current Assets for the quarter that ended in Mar. 2024 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	1168.443	+	624.006	+	1274.201	+	149.333
	=	3,216

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.

Yechiu Metal Recycling (China) (SHSE:601388) 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.

Yechiu Metal Recycling (China)'s Liquidation Value for the quarter that ended in Mar. 2024 is

	Liquidation value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	1168.443	-	1452.057	+	0.75 * 599.169	+	0.5 * 1274.201
=	803

Yechiu Metal Recycling (China) Total Current Assets Related Terms

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Yechiu Metal Recycling (China) (SHSE:601388) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Yechiu Metal Recycling (China) Ltd (SHSE:601388) » Definitions » Total Current Assets

Traded in Other Exchanges

N/A

Address

No.88 Hufuhuang Road, Fuqiao Town, Jiangsu, Taicang, CHN

Website

http://www.yechiu.com.cn

Yechiu Metal Recycling (China) Ltd is engaged in the recycling, sorting, processing, melting and processing of metal resources. It involves in the collection of aluminum scrap resources from waste automobiles, construction materials, home appliances, etc. Its products are aluminum alloy ingots of various specifications and models. The products are widely used in automobiles, electrical appliances, machinery, construction, electricity, transportation, computers, packaging, hardware and other fields.

Executives

Liu Kai Min	Director
Li Yi Hui	Director
Gao Yu Lan	senior management
	senior management

Yechiu Metal Recycling (China) (SHSE:601388) Headlines

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