China Gold International Resources (TSX:CGG) Total Current Assets : C$664.5 Mil (As of Mar. 2024)

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What is China Gold International Resources Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. China Gold International Resources's total current assets for the quarter that ended in Mar. 2024 was C$664.5 Mil.

China Gold International Resources Total Current Assets Historical Data

The historical data trend for China Gold International Resources'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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China Gold International Resources Total Current Assets Chart

China Gold International Resources Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Current Assets

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683.97

749.48

693.02

995.29

638.85

China Gold International Resources 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															1,194.47	714.23	665.01	638.85	664.46

China Gold International Resources 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.

China Gold International Resources'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
	=	130.453	+	25.976	+	391.148	+	91.271
	=	638.8

China Gold International Resources'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
	=	138.974	+	25.285	+	408.059	+	92.14
	=	664.5

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.

China Gold International Resources (TSX:CGG) 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.

China Gold International Resources'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)
=	138.974	-	1554.16	+	0.75 * 2.048	+	0.5 * 408.059
=	-1,209.6

China Gold International Resources Total Current Assets Related Terms

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China Gold International Resources (TSX:CGG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » China Gold International Resources Corp Ltd (TSX:CGG) » Definitions » Total Current Assets

Comparable Companies

Traded in Other Exchanges

JINFF:USA 02099:Hong Kong JI3:Germany

Address

505 Burrard Street, Suite 660, One Bentall Centre, Vancouver, BC, CAN, V7X 1M4

Website

https://www.chinagoldintl.com

China Gold International Resources Corp Ltd is a company engaged in the acquisition, exploration, development, and mining of mineral reserves in China. The company primarily operates two mines in China: the CSH Mine which produces gold, and the Jiama Mine which produces gold and copper. While the majority of the company's revenue is derived from gold mining, a significant portion of sales still result from copper production. China National Gold Corporation, a state-owned company registered in Beijing, is a substantial shareholder of China Gold International Resources. The vast majority of the company's gold output is sold to China National Gold Corporation and its subsidiaries.

Executives

China National Gold Group Hong Kong Limited

10% Security Holder

China Gold International Resources (TSX:CGG) Headlines

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