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GuruFocus has detected 6 Warning Signs with Canon Inc \$CAJ.
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Canon Inc (NYSE:CAJ)
Total Current Assets
\$18,102 Mil (As of Dec. 2016)

Total current assets includes Cash and Cash Equivalents, Accounts Receivable, Inventory, and Other Current Assets. Canon Inc's total current assets for the quarter that ended in Dec. 2016 was \$18,102 Mil.

Definition

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

Canon Inc's Total Current Assets for the fiscal year that ended in Dec. 2016 is calculated as

 Total Current Assets = Cash and Cash Equivalents + Accounts Receivable + Inventory + Other Current Assets = 5460.4256449 + 5529.90092079 + 4834.01021224 + 2277.23557541 = 18,102

Canon Inc's Total Current Assets for the quarter that ended in Dec. 2016 is calculated as

 Total Current Assets = Cash and Cash Equivalents + Accounts Receivable + Inventory + Other Current Assets = 5460.4256449 + 5529.90092079 + 4834.01021224 + 2277.23557541 = 18,102

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's 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.

Canon Inc's Liquidation Value for the quarter that ended in Dec. 2016 is

 Liquidation value = Cash and Cash Equivalents - Total Liabilities + (0.75 * Account Receivable) + (0.5 * Inventory) = 5460.4256449 - 20305.505004 + 0.75 * 5529.90092079 + 0.5 * 4834.01021224 = -8,281

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

Related Terms

Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

Canon Inc Annual Data

 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Total Current Assets 23,279 22,622 22,432 25,564 27,679 24,851 22,095 20,046 16,913 18,102

Canon Inc Quarterly Data

 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Total Current Assets 20,411 20,046 18,733 17,224 17,024 16,913 16,518 16,826 16,797 18,102
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