Itonis (Itonis) Total Current Assets : $0.29 Mil (As of Feb. 2008)

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What is Itonis Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. Itonis's total current assets for the quarter that ended in Feb. 2008 was $0.29 Mil.

Itonis Total Current Assets Historical Data

The historical data trend for Itonis'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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Itonis Total Current Assets Chart

Itonis Annual Data

Trend

Nov05

Nov06

Nov07

Total Current Assets

0.17

0.03

0.01

Itonis Quarterly Data
	Nov05	Feb06	May06	Aug06	Nov06	Feb07	May07	Aug07	Nov07	Feb08
Total Current Assets	Get a 7-Day Free Trial					0.22	0.26	0.14	0.01	0.29

Itonis 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.

Itonis's Total Current Assets for the fiscal year that ended in Nov. 2007 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	0.004	+	0	+	0	+	0.001
	=	0.01

Itonis's Total Current Assets for the quarter that ended in Feb. 2008 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	0.132	+	0.003	+	0	+	0.15
	=	0.29

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.

Itonis (OTCPK:ITNS) 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.

Itonis's Liquidation Value for the quarter that ended in Feb. 2008 is

	Liquidation value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	0.132	-	1.177	+	0.75 * 0.003	+	0.5 * 0
=	-1.04

Itonis Total Current Assets Related Terms

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Itonis (Itonis) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Distribution » Itonis Inc (OTCPK:ITNS) » Definitions » Total Current Assets

Comparable Companies

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Traded in Other Exchanges

N/A

Address

22600-C Lambert Street, Suite 902, Lake Forest, CA, USA, 92630

Website

http://www.itonisholdings.com

Itonis Inc is a development-stage company. It operates as a holding company, which engages in the development and distribution of products to the medical and pharmaceutical industry. It is presently focused on marketing its Emesyl homeopathic anti-nausea product for retail sale. It produces and markets over-the-counter and prescription homeopathic preparations to treat both common ailments and chronic diseases.

Itonis (Itonis) Headlines

From GuruFocus

Itonis, Inc. announces “Emesyl® Plus” homeopathic nasal spray containing Premium Hemp Oil

By Marketwired Marketwired • 09-26-2018