Shanghai Zhongchen Electronic Technology Co (SHSE:603275) Total Current Assets : ¥2,641.3 Mil (As of Mar. 2024)

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What is Shanghai Zhongchen Electronic Technology Co Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. Shanghai Zhongchen Electronic Technology Co's total current assets for the quarter that ended in Mar. 2024 was ¥2,641.3 Mil.

Shanghai Zhongchen Electronic Technology Co Total Current Assets Historical Data

The historical data trend for Shanghai Zhongchen Electronic Technology 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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Shanghai Zhongchen Electronic Technology Co Total Current Assets Chart

Shanghai Zhongchen Electronic Technology Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Total Current Assets

389.51

559.07

764.20

752.70

2,647.72

Shanghai Zhongchen Electronic Technology Co Quarterly Data
	Dec19	Dec20	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Total Current Assets	Get a 7-Day Free Trial							-	868.26	2,646.95	2,647.72	2,641.30

Shanghai Zhongchen Electronic Technology 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.

Shanghai Zhongchen Electronic Technology 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
	=	2126.986	+	341.309	+	160.665	+	18.756
	=	2,647.7

Shanghai Zhongchen Electronic Technology Co'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
	=	2074.297	+	379.88	+	163.565	+	23.554
	=	2,641.3

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.

Shanghai Zhongchen Electronic Technology Co (SHSE:603275) 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.

Shanghai Zhongchen Electronic Technology Co'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)
=	2074.297	-	272.507	+	0.75 * 255.011	+	0.5 * 163.565
=	2,074.8

Shanghai Zhongchen Electronic Technology Co Total Current Assets Related Terms

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Shanghai Zhongchen Electronic Technology Co (SHSE:603275) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Shanghai Zhongchen Electronic Technology Co Ltd (SHSE:603275) » Definitions » Total Current Assets

Traded in Other Exchanges

N/A

Address

No. 3768 Yexin Road, Maogang Town, Songjiang, Shanghai, CHN, 201607

Website

http://www.zoncn.cn

Shanghai Zhongchen Electronic Technology Co Ltd is a high-tech enterprise focusing on the research and development, production, sales and service of electric transmission and industrial automation products. The company's main products are variable frequency drives, servo drive systems and electric new energy vehicle drives. The company has a wide range of products, among which medium and low-voltage variable frequency drives are divided into two categories: general-purpose products and industry-specific products.

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