Discovery Metals (ASX:DML) Total Current Assets : A$26.8 Mil (As of Jun. 2014)

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What is Discovery Metals Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. Discovery Metals's total current assets for the quarter that ended in Jun. 2014 was A$26.8 Mil.

Discovery Metals Total Current Assets Historical Data

The historical data trend for Discovery Metals's Total Current Assets can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Discovery Metals Total Current Assets Chart

Discovery Metals Annual Data

Trend

Jun05

Jun06

Jun07

Jun08

Jun09

Jun10

Jun11

Jun12

Jun13

Jun14

Total Current Assets

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40.13

88.15

108.11

70.81

26.75

Discovery Metals Semi-Annual Data
	Jun04	Jun05	Jun06	Jun07	Jun08	Jun09	Jun10	Jun11	Jun12	Jun13	Jun14
Total Current Assets	Get a 7-Day Free Trial						40.13	88.15	108.11	70.81	26.75

Discovery Metals Total Current Assets Calculation

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

Discovery Metals's Total Current Assets for the fiscal year that ended in Jun. 2014 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	4.864	+	7.591	+	12.828	+	1.47
	=	26.8

Discovery Metals's Total Current Assets for the quarter that ended in Jun. 2014 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	4.864	+	7.591	+	12.828	+	1.47
	=	26.8

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.

Discovery Metals (ASX:DML) Total Current Assets 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.

Discovery Metals's Liquidation Value for the quarter that ended in Jun. 2014 is

	Liquidation value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	4.864	-	151.194	+	0.75 * 0	+	0.5 * 12.828
=	-139.9

Discovery Metals Total Current Assets Related Terms

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Discovery Metals (ASX:DML) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Discovery Metals Ltd (ASX:DML) » Definitions » Total Current Assets

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Address

Website

http://www.discoverymetals.com

Discovery Metals Limited (DML) is incorporated in Australia. It is engaged in nickel and copper exploration company. The company focuses on the exploration and development on its two major projects in Botswana being the Maun Copper Project and the Dikoloti Nickel Project.

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