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John Wiley & Sons Inc (NYSE:JW.A)
Total Current Assets
$897 Mil (As of Jan. 2016)

Total current assets includes Cash and Cash Equivalents, Accounts Receivable, Inventory, and Other Current Assets. John Wiley & Sons Inc's total current assets for the quarter that ended in Jan. 2016 was $897 Mil.


Definition

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

John Wiley & Sons Inc's Total Current Assets for the fiscal year that ended in Apr. 2015 is calculated as

John Wiley & Sons Inc's Total Current Assets for the quarter that ended in Jan. 2016 is calculated as

* 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.

John Wiley & Sons Inc's Liquidation Value for the quarter that ended in Jan. 2016 is

Liquidation value
=Cash and Cash Equivalents-Total Liabilities+(0.75 * Account Receivable)+(0.5 * Inventory)
=535.859-2098.325+0.75 * 235.806+0.5 * 53.747
=-1,359

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


Related Terms

Cash and Cash Equivalents, Accounts Receivable, Inventory, Other Current Assets


Historical Data

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

John Wiley & Sons Inc Annual Data

Apr06Apr07Apr08Apr09Apr10Apr11Apr12Apr13Apr14Apr15
Total Current Assets 326421435440478527575635790741

John Wiley & Sons Inc Quarterly Data

Oct13Jan14Apr14Jul14Oct14Jan15Apr15Jul15Oct15Jan16
Total Current Assets 464661790602541614741707619897
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