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PetSmart Inc (NAS:PETM)
Total Current Assets
\$1,390 Mil (As of Oct. 2014)

Total current assets includes Cash and Cash Equivalents, Accounts Receivable, Inventory, and Other Current Assets. PetSmart Inc's total current assets for the quarter that ended in Oct. 2014 was \$1,390 Mil.

Definition

Total Current Assets are the asset that can be converted to cash or used to pay current liabilities within 12 months.

PetSmart Inc's Total Current Assets for the fiscal year that ended in Jan. 2014 is calculated as

 Total Current Assets = Cash and Cash Equivalents + Accounts Receivable + Inventory + Other Current Assets = 285.622 + 72.685 + 740.302 + 219.634 = 1,318

PetSmart Inc's Total Current Assets for the quarter that ended in Oct. 2014 is calculated as

 Total Current Assets = Cash and Cash Equivalents + Accounts Receivable + Inventory + Other Current Assets = 173.346 + 73.745 + 857.34 + 285.49 = 1,390

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.

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.

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.

PetSmart Inc's Liquidation Value for the quarter that ended in Oct. 2014 is

 Liquidation value = Cash and Cash Equivalents - Total Liabilities + (0.75 * Account Receivable) + (0.5 * Inventory) = 173.346 - 1470.651 + 0.75 * 73.745 + 0.5 * 857.34 = -813

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.

Related Terms

Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.

PetSmart Inc Annual Data

 Jan06 Jan07 Jan08 Jan09 Jan10 Jan11 Jan12 Jan13 Jan14 Jan15 Total Current Assets 840 843 729 875 1,067 1,124 1,264 1,317 1,318 1,563

PetSmart Inc Quarterly Data

 Oct12 Jan13 Apr13 Jul13 Oct13 Jan14 Apr14 Jul14 Oct14 Jan15 Total Current Assets 1,362 1,317 1,280 1,373 1,401 1,318 1,313 1,375 1,390 1,563
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