UTime (WTO) Total Current Assets : $32.50 Mil (As of Sep. 2023)

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What is UTime Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. UTime's total current assets for the quarter that ended in Sep. 2023 was $32.50 Mil.

UTime Total Current Assets Historical Data

The historical data trend for UTime'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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UTime Total Current Assets Chart

UTime Annual Data

Trend

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Total Current Assets

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20.42

16.64

20.09

30.41

34.39

UTime Semi-Annual Data
	Mar17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Total Current Assets	Get a 7-Day Free Trial								36.51	30.41	30.26	34.39	32.50

UTime 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.

UTime's Total Current Assets for the fiscal year that ended in Mar. 2023 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	10.439	+	12.369	+	2.346	+	9.24
	=	34.39

UTime's Total Current Assets for the quarter that ended in Sep. 2023 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	10.955	+	5.681	+	1.865	+	14.003
	=	32.50

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.

UTime (NAS:WTO) 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.

UTime's Liquidation Value for the quarter that ended in Sep. 2023 is

	Liquidation value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	10.955	-	38.293	+	0.75 * 5.596	+	0.5 * 1.865
=	-22.21

UTime Total Current Assets Related Terms

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UTime (WTO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » UTime Ltd (NAS:WTO) » Definitions » Total Current Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 1006 Keyuan Road, 7th Floor, Building 5A, Shenzhen Software Industry Base, Nanshan District, Shenzhen, CHN, 518061

Website

https://www.utimemobile.com

UTime Ltd is engaged in the design, development, production, sales and brand operation of mobile phones, accessories and related consumer electronics. It also provides Electronics Manufacturing Services (EMS), including Original Equipment Manufacturer (OEM) and Original Design Manufacturer (ODM) services, for renowned brands. The company operates in China and its products are sold globally, including India, Brazil, the United States, and other emerging markets in South Asia and Africa as well as Europe. It has two in-house brands, UTime, known as its middle-to-high end label and targets middle class consumers from emerging markets; and Do, as its low- to mid-end brand, is positioned to the grassroots consumers and price-sensitive consumers in emerging markets.

Executives

Hailin Xie	director	SHENZHEN SOFTWARE INDUSTRY BASE, 7TH FLOOR, BUILDING 5A, SHENZHEN F4 518061
Na Cai	director	SHENZHEN SOFTWARE INDUSTRY BASE, 7TH FLOOR, BUILDING 5A, SHENZHEN F4 518061
Xiaoqian Jia	director	SHENZHEN SOFTWARE INDUSTRY BASE, 7TH FLOOR, BUILDING 5A, SHENZHEN F4 518061
Hengcong Qiu	director, officer: Chief Executive Officer	SHENZHEN SOFTWARE INDUSTRY BASE, 7TH FLOOR, BUILDING 5A, SHENZHEN F4 518061