Radius Recycling (FRA:SS1A) Total Current Assets : €551 Mil (As of Feb. 2024)

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What is Radius Recycling Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. Radius Recycling's total current assets for the quarter that ended in Feb. 2024 was €551 Mil.

Radius Recycling Total Current Assets Historical Data

The historical data trend for Radius Recycling'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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Radius Recycling Total Current Assets Chart

Radius Recycling Annual Data

Trend

Aug14

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Total Current Assets

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419.19

306.42

461.65

662.66

504.66

Radius Recycling Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Total Current Assets	Get a 7-Day Free Trial															554.32	606.63	504.66	494.75	551.19

Radius Recycling 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.

Radius Recycling's Total Current Assets for the fiscal year that ended in Aug. 2023 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	5.531	+	195.951	+	255.515	+	47.665
	=	505

Radius Recycling's Total Current Assets for the quarter that ended in Feb. 2024 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	12.572	+	205.953	+	291.468	+	41.194
	=	551

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.

Radius Recycling (FRA:SS1A) 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.

Radius Recycling's Liquidation Value for the quarter that ended in Feb. 2024 is

	Liquidation value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	12.572	-	832.504	+	0.75 * 202.777	+	0.5 * 291.468
=	-522

Radius Recycling Total Current Assets Related Terms

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Radius Recycling (FRA:SS1A) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Radius Recycling Inc (FRA:SS1A) » Definitions » Total Current Assets

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Traded in Other Exchanges

RDUS:USA

Address

299 SW Clay Street, Suite 350, Portland, OR, USA, 97201

Website

https://www.radiusrecycling.com

Schnitzer Steel Industries Inc is one of the ferrous and nonferrous scrap metal recyclers in the U.S. Its metal recycling business collects and recycles auto bodies, rail cars, appliances, machinery, and construction demolition. Additionally, Schnitzer operates an auto-parts business that purchases obsolete vehicles and sells any useful parts to retail customers and a steelmaking business that supplies construction products along the U.S. West Coast.

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