Taruga Minerals (ASX:TAR) Total Current Assets : A$2.67 Mil (As of Dec. 2023)

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What is Taruga Minerals Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. Taruga Minerals's total current assets for the quarter that ended in Dec. 2023 was A$2.67 Mil.

Taruga Minerals Total Current Assets Historical Data

The historical data trend for Taruga Minerals'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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Taruga Minerals Total Current Assets Chart

Taruga Minerals Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Total Current Assets

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1.22

2.07

3.50

2.20

3.25

Taruga Minerals Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Total Current Assets	Get a 7-Day Free Trial															1.53	2.20	3.64	3.25	2.67

Taruga Minerals 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.

Taruga Minerals's Total Current Assets for the fiscal year that ended in Jun. 2023 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	3.221	+	0.032	+	0	+	-0.0010000000000003
	=	3.25

Taruga Minerals's Total Current Assets for the quarter that ended in Dec. 2023 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	2.607	+	0.065	+	0	+	-0.0010000000000003
	=	2.67

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.

Taruga Minerals (ASX:TAR) 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.

Taruga Minerals's Liquidation Value for the quarter that ended in Dec. 2023 is

	Liquidation value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	2.607	-	0.139	+	0.75 * 0.065	+	0.5 * 0
=	2.52

Taruga Minerals Total Current Assets Related Terms

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Taruga Minerals (ASX:TAR) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

2TU:Germany

Address

99 St Georges Terrace, Level 8, Perth, WA, AUS, 6000

Website

https://www.tarugaminerals.com.au

Taruga Minerals Ltd is an exploration company. It is focused on the exploration of copper, gold, and silver in South Australia and base metals and lithium in Australia. Its projects include Flinders Project; Mt Craig Copper Project; Torrens Iron-Oxide-Copper-Gold Project; Manjimup Project; Meekatharra Project; and Yagahong North Project.

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