Converge Information And Communications Technology Solutions (PHS:CNVRG) Total Current Assets : ₱21,842 Mil (As of Mar. 2024)

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What is Converge Information And Communications Technology Solutions Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. Converge Information And Communications Technology Solutions's total current assets for the quarter that ended in Mar. 2024 was ₱21,842 Mil.

Converge Information And Communications Technology Solutions Total Current Assets Historical Data

The historical data trend for Converge Information And Communications Technology Solutions'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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Converge Information And Communications Technology Solutions Total Current Assets Chart

Converge Information And Communications Technology Solutions Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Current Assets

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10,853.50

21,270.84

21,040.27

22,598.51

22,154.96

Converge Information And Communications Technology Solutions Quarterly Data
	Dec18	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Total Current Assets	Get a 7-Day Free Trial														24,285.32	25,215.84	22,902.32	22,154.96	21,841.65

Converge Information And Communications Technology Solutions 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.

Converge Information And Communications Technology Solutions's Total Current Assets for the fiscal year that ended in Dec. 2023 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	13694.146	+	3586.86	+	2024.307	+	2849.646
	=	22,155

Converge Information And Communications Technology Solutions's Total Current Assets for the quarter that ended in Mar. 2024 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	14064.105	+	3743.558	+	1789.874	+	2244.112
	=	21,842

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.

Converge Information And Communications Technology Solutions (PHS:CNVRG) 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.

Converge Information And Communications Technology Solutions's Liquidation Value for the quarter that ended in Mar. 2024 is

	Liquidation value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	14064.105	-	54135.491	+	0.75 * 3536.588	+	0.5 * 1789.874
=	-36,524

Converge Information And Communications Technology Solutions Total Current Assets Related Terms

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Converge Information And Communications Technology Solutions (PHS:CNVRG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Converge Information And Communications Technology Solutions Inc (PHS:CNVRG) » Definitions » Total Current Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

Mc Arthur Highway, New Street Building, Balibago, Angeles, PAM, PHL, 2009

Website

https://www.convergeict.com

Converge Information And Communications Technology Solutions Inc are engaged in the business of providing Information and communication services and solutions. It provides high-speed fiber optic internet services and other digital consumer-centric services. It operates in two businesses namely Residential Business and Enterprise Business, and it generates maximum revenue from Residential Business.

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