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PSS World Medical, Inc. (NAS:PSSI)
Total Current Assets
\$816 Mil (As of Sep. 2012)

Total current assets includes Cash and Cash Equivalents, Accounts Receivable, Inventory, and Other Current Assets. PSS World Medical, Inc.'s total current assets for the quarter that ended in Sep. 2012 was \$816 Mil.

Definition

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

PSS World Medical, Inc.'s Total Current Assets for the fiscal year that ended in Mar. 2012 is calculated as

 Total Current Assets = Cash and Cash Equivalents + Accounts Receivable + Inventory + Other Current Assets = 163.152 + 257.7 + 213.586 + 51.254 = 686

PSS World Medical, Inc.'s Total Current Assets for the quarter that ended in Sep. 2012 is calculated as

 Total Current Assets = Cash and Cash Equivalents + Accounts Receivable + Inventory + Other Current Assets = 122.351 + 194.255 + 165.629 + 333.887 = 816

* 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.

PSS World Medical, Inc.'s Liquidation Value for the quarter that ended in Sep. 2012 is

 Liquidation value = Cash and Cash Equivalents - Total Liabilities + (0.75 * Account Receivable) + (0.5 * Inventory) = 122.351 - 804.369 + 0.75 * 194.255 + 0.5 * 165.629 = -454

* 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.

PSS World Medical, Inc. Annual Data

 Mar03 Mar04 Mar05 Mar06 Mar07 Mar08 Mar09 Mar10 Mar11 Mar12 Total Current Assets 297 397 418 453 487 508 562 542 545 686

PSS World Medical, Inc. Semi-Annual Data

 Jun10 Sep10 Dec10 Mar11 Jun11 Sep11 Dec11 Mar12 Jun12 Sep12 Total Current Assets 542 536 567 545 542 559 601 686 806 816
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