Wetown Electric Group Co (SHSE:688226) Total Current Assets : ¥2,769 Mil (As of Mar. 2024)

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What is Wetown Electric Group Co Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. Wetown Electric Group Co's total current assets for the quarter that ended in Mar. 2024 was ¥2,769 Mil.

Wetown Electric Group Co Total Current Assets Historical Data

The historical data trend for Wetown Electric Group 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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Wetown Electric Group Co Total Current Assets Chart

Wetown Electric Group Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Current Assets

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807.02

961.93

1,235.72

1,570.19

2,429.84

Wetown Electric Group Co Quarterly Data
	Dec17	Dec18	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															1,554.89	1,976.95	2,326.94	2,429.84	2,769.26

Wetown Electric Group 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.

Wetown Electric Group 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
	=	305.888	+	1774.294	+	286.745	+	62.913
	=	2,430

Wetown Electric Group 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
	=	318.31	+	1998.455	+	377.264	+	75.231
	=	2,769

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.

Wetown Electric Group Co (SHSE:688226) 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.

Wetown Electric Group 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)
=	318.31	-	2360.974	+	0.75 * 1702.049	+	0.5 * 377.264
=	-577

Wetown Electric Group Co Total Current Assets Related Terms

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Wetown Electric Group Co (SHSE:688226) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Wetown Electric Group Co Ltd (SHSE:688226) » Definitions » Total Current Assets

Traded in Other Exchanges

N/A

Address

No. 1, Nanzi Road, Xinba Science and Technology Park, Jiangsu Province, Yangzhong, CHN, 212200

Website

https://www.wetown.com.cn

Wetown Electric Group Co Ltd is engaged in the development and manufacturing of electrical products. it offers product such as high and low voltage busbars; complete sets of electrical and intelligent components; copper and aluminum materials and tinned copper tape; bridges and hangers and others.

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