QRS Music Technologies (QRS Music Technologies) Total Current Assets : $9.91 Mil (As of Mar. 2007)

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What is QRS Music Technologies Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. QRS Music Technologies's total current assets for the quarter that ended in Mar. 2007 was $9.91 Mil.

QRS Music Technologies Total Current Assets Historical Data

The historical data trend for QRS Music Technologies'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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QRS Music Technologies Total Current Assets Chart

QRS Music Technologies Annual Data

Trend

Jun01

Jun02

Jun03

Jun04

Jun05

Jun06

Total Current Assets

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7.00

7.87

8.87

10.46

10.91

QRS Music Technologies Quarterly Data
	Jun02	Sep02	Dec02	Mar03	Jun03	Sep03	Dec03	Mar04	Jun04	Sep04	Dec04	Mar05	Jun05	Sep05	Dec05	Mar06	Jun06	Sep06	Dec06	Mar07
Total Current Assets	Get a 7-Day Free Trial															10.73	10.91	10.28	10.80	9.91

QRS Music Technologies 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.

QRS Music Technologies's Total Current Assets for the fiscal year that ended in Jun. 2006 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	0.056	+	1.539	+	8.273	+	1.039
	=	10.91

QRS Music Technologies's Total Current Assets for the quarter that ended in Mar. 2007 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	0.375	+	0.923	+	7.626	+	0.988
	=	9.91

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.

QRS Music Technologies (OTCPK:QRSM) 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.

QRS Music Technologies's Liquidation Value for the quarter that ended in Mar. 2007 is

	Liquidation value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	0.375	-	2.671	+	0.75 * 0.712	+	0.5 * 7.626
=	2.05

QRS Music Technologies Total Current Assets Related Terms

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QRS Music Technologies (QRS Music Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » QRS Music Technologies Inc (OTCPK:QRSM) » Definitions » Total Current Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

269 Quaker Drive, Seneca, PA, USA, 16346

Website

https://www.qrsmusic.com

QRS Music Technologies Inc manufactures and distributes pianos, pianomation units and compact discs and music rolls for use in player pianos. The firm has a presence in Buffalo, New York and Seneca, Pennsylvania within the United States and internationally in Belmain NSW, Australia. It also operates a sales and procurement office in Hong Kong, China.

QRS Music Technologies (QRS Music Technologies) Headlines

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