Summit Resources (Summit Resources) Total Current Assets : $1.15 Mil (As of Dec. 2017)

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What is Summit Resources Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. Summit Resources's total current assets for the quarter that ended in Dec. 2017 was $1.15 Mil.

Summit Resources Total Current Assets Historical Data

The historical data trend for Summit Resources'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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Summit Resources Total Current Assets Chart

Summit Resources Annual Data

Trend

Jun09

Jun10

Jun11

Jun12

Jun13

Jun14

Jun15

Jun16

Jun17

Jun18

Total Current Assets

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2.65

1.70

1.23

0.97

0.31

Summit Resources Semi-Annual Data
	Dec08	Jun09	Dec09	Jun10	Dec10	Jun11	Dec11	Jun12	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18
Total Current Assets	Get a 7-Day Free Trial															1.23	1.05	0.97	1.15	0.31

Summit Resources 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.

Summit Resources's Total Current Assets for the fiscal year that ended in Jun. 2018 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	0.174	+	0.025	+	0	+	0.108
	=	0.31

Summit Resources's Total Current Assets for the quarter that ended in Dec. 2017 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	0.192	+	0.054	+	0	+	0.902
	=	1.15

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.

Summit Resources (OTCPK:SRCSF) 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.

Summit Resources's Liquidation Value for the quarter that ended in Dec. 2017 is

	Liquidation value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	0.192	-	0.129	+	0.75 * 0.054	+	0.5 * 0
=	0.10

Summit Resources Total Current Assets Related Terms

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Summit Resources (Summit Resources) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Summit Resources Ltd (OTCPK:SRCSF) » Definitions » Total Current Assets

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Address

Website

http://www.summitresources.com.au

Summit Resources Ltd is an Australian based uranium exploration company. It is engaged in the exploration and evaluation of uranium projects in Queensland, Australia.

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