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GuruFocus has detected 1 Warning Sign with Jewett-Cameron Trading Co Ltd \$JCTCF.
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Total Current Assets
\$16.41 Mil (As of Feb. 2017)

Total current assets includes Cash and Cash Equivalents, Accounts Receivable, Inventory, and Other Current Assets. Jewett-Cameron Trading Co Ltd's total current assets for the quarter that ended in Feb. 2017 was \$16.41 Mil.

Definition

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

Jewett-Cameron Trading Co Ltd's Total Current Assets for the fiscal year that ended in Aug. 2016 is calculated as

 Total Current Assets = Cash and Cash Equivalents + Accounts Receivable + Inventory + Other Current Assets = 4.52 + 3.342 + 8.069 + 0.834 = 16.77

Jewett-Cameron Trading Co Ltd's Total Current Assets for the quarter that ended in Feb. 2017 is calculated as

 Total Current Assets = Cash and Cash Equivalents + Accounts Receivable + Inventory + Other Current Assets = 2.019 + 4.548 + 8.886 + 0.957 = 16.41

* 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.

Jewett-Cameron Trading Co Ltd's Liquidation Value for the quarter that ended in Feb. 2017 is

 Liquidation value = Cash and Cash Equivalents - Total Liabilities + (0.75 * Account Receivable) + (0.5 * Inventory) = 2.019 - 1.379 + 0.75 * 4.548 + 0.5 * 8.886 = 8.49

* 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.

Jewett-Cameron Trading Co Ltd Annual Data

 Aug07 Aug08 Aug09 Aug10 Aug11 Aug12 Aug13 Aug14 Aug15 Aug16 Total Current Assets 17.78 19.39 17.63 18.95 18.06 17.90 21.05 17.25 17.20 16.77

Jewett-Cameron Trading Co Ltd Quarterly Data

 Nov14 Feb15 May15 Aug15 Nov15 Feb16 May16 Aug16 Nov16 Feb17 Total Current Assets 16.36 17.19 16.30 17.20 17.90 17.59 18.75 16.77 16.84 16.41
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