Switch to:
Sunoco LP (NYSE:SUN)
Total Current Assets
$1,197 Mil (As of Mar. 2016)

Total current assets includes Cash and Cash Equivalents, Accounts Receivable, Inventory, and Other Current Assets. Sunoco LP's total current assets for the quarter that ended in Mar. 2016 was $1,197 Mil.


Definition

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

Sunoco LP's Total Current Assets for the fiscal year that ended in Dec. 2014 is calculated as

Sunoco LP's Total Current Assets for the quarter that ended in Mar. 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.

Sunoco LP's Liquidation Value for the quarter that ended in Mar. 2016 is

Liquidation value
=Cash and Cash Equivalents-Total Liabilities+(0.75 * Account Receivable)+(0.5 * Inventory)
=76.529-5719.048+0.75 * 173.119+0.5 * 344.459
=-5,340

* 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.

Sunoco LP Annual Data

Dec10Dec11Dec12Dec13Dec14Dec15
Total Current Assets 000001471031382251,014

Sunoco LP Quarterly Data

Sep13Dec13Mar14Jun14Sep14Mar15Jun15Sep15Dec15Mar16
Total Current Assets 1331382001721572129061,0501,0141,197
Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)
FEEDBACK