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GuruFocus has detected 4 Warning Signs with Ascena Retail Group Inc $ASNA.
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Ascena Retail Group Inc (NAS:ASNA)
Total Current Assets
$1,168 Mil (As of Jan. 2017)

Total current assets includes Cash and Cash Equivalents, Accounts Receivable, Inventory, and Other Current Assets. Ascena Retail Group Inc's total current assets for the quarter that ended in Jan. 2017 was $1,168 Mil.


Definition

Total Current Assets are the asset that can be converted to cash or used to pay current liabilities within 12 months.

Ascena Retail Group Inc's Total Current Assets for the fiscal year that ended in Jul. 2016 is calculated as

Ascena Retail Group Inc's Total Current Assets for the quarter that ended in Jan. 2017 is calculated as

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

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.


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.

Ascena Retail Group Inc's Liquidation Value for the quarter that ended in Jan. 2017 is

Liquidation value
=Cash and Cash Equivalents-Total Liabilities+(0.75 * Account Receivable)+(0.5 * Inventory)
=299.5-3499.7+0.75 * 0+0.5 * 676.1
=-2,862

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.


Related Terms

Cash and Cash Equivalents, Accounts Receivable, Inventory, Other Current Assets


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

Ascena Retail Group Inc Annual Data

Jul07Jul08Jul09Jul10Jul11Jul12Jul13Jul14Jul15Jul16
Total Current Assets 4644325677167611,0059439249501,240

Ascena Retail Group Inc Quarterly Data

Oct14Jan15Apr15Jul15Oct15Jan16Apr16Jul16Oct16Jan17
Total Current Assets 9978989839501,5341,2371,2401,2401,2511,168
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