CRGGF (China Resources Gas Group) Total Current Assets : $4,670 Mil (As of Jun. 2024)

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What is China Resources Gas Group Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. China Resources Gas Group's total current assets for the quarter that ended in Jun. 2024 was $4,670 Mil.

China Resources Gas Group Total Current Assets Historical Data

The historical data trend for China Resources Gas Group'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 Resources Gas Group Total Current Assets Chart

China Resources Gas Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Current Assets

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3,801.63

3,952.76

3,919.15

3,605.80

4,539.66

China Resources Gas Group Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Total Current Assets	Get a 7-Day Free Trial															4,293.76	3,605.80	5,623.18	4,539.66	4,670.09

China Resources Gas Group 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 Resources Gas Group'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
	=	1277.685	+	3024.898	+	191.248	+	45.824
	=	4,540

China Resources Gas Group's Total Current Assets for the quarter that ended in Jun. 2024 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	1481.224	+	2321.899	+	132.121	+	734.843
	=	4,670

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 Resources Gas Group (OTCPK:CRGGF) 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 Resources Gas Group's Liquidation Value for the quarter that ended in Jun. 2024 is

	Liquidation value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	1481.224	-	9575.29	+	0.75 * 1433.14	+	0.5 * 132.121
=	-6,953

China Resources Gas Group Total Current Assets Related Terms

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China Resources Gas Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » China Resources Gas Group Ltd (OTCPK:CRGGF) » Definitions » Total Current Assets

Comparable Companies

Traded in Other Exchanges

01193:Hong Kong LGX1:Germany

Address

26 Harbour Road, Room 1901-02, China Resources Building, Wanchai, Hong Kong, HKG

Website

https://www.crcgas.com

China Resources Gas Group is a leading gas utilities group in China engaged in city gas distribution, including piped natural gas distribution and natural gas filling stations. At the end of 2023, CRG's portfolio comprised 276 city gas projects in China. The firm achieved annual gas sales volume of 38.8 billion cubic meters and has connected 57.3 million residential customers, or a penetration rate of 59.3%.

China Resources Gas Group Headlines

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