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Gulf General Investments Co PSC (DFM:GGICO) Total Current Assets : د.إ1,403.7 Mil (As of Mar. 2023)


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What is Gulf General Investments Co PSC Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. Gulf General Investments Co PSC's total current assets for the quarter that ended in Mar. 2023 was د.إ1,403.7 Mil.

Gulf General Investments Co PSC Total Current Assets Historical Data

The historical data trend for Gulf General Investments Co PSC'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.

* Premium members only.

Gulf General Investments Co PSC Total Current Assets Chart

Gulf General Investments Co PSC Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Total Current Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1,922.04 1,380.50 1,406.00 1,426.46 1,284.68

Gulf General Investments Co PSC Quarterly Data
Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23
Total Current Assets Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1,452.40 1,434.89 1,458.34 1,284.68 1,403.68

Gulf General Investments Co PSC 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.

Gulf General Investments Co PSC's Total Current Assets for the fiscal year that ended in Dec. 2022 is calculated as

Total Current Assets=Cash, Cash Equivalents, Marketable Securities+Total Receivables+Total Inventories+Other Current Assets
=235.735+672.426+204.621+171.9
=1,284.7

Gulf General Investments Co PSC's Total Current Assets for the quarter that ended in Mar. 2023 is calculated as

Total Current Assets=Cash, Cash Equivalents, Marketable Securities+Total Receivables+Total Inventories+Other Current Assets
=205.084+751.386+212.208+235
=1,403.7

* 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.

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.

Gulf General Investments Co PSC  (DFM:GGICO) 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.

Gulf General Investments Co PSC's Liquidation Value for the quarter that ended in Mar. 2023 is

Liquidation value
= Cash, Cash Equivalents, Marketable Securities-Total Liabilities+(0.75 * Accounts Receivable)+(0.5 * Total Inventories)
=205.084-4139.291+0.75 * 481.794+0.5 * 212.208
=-3,466.8

* 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.

Gulf General Investments Co PSC Total Current Assets Related Terms

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Gulf General Investments Co PSC (DFM:GGICO) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Gulf General Investments Co PSC (DFM:GGICO) » Definitions » Total Current Assets
Comparable Companies
ADX:RAKBANK DFM:DIB DFM:CBD ADX:SIB DFM:ALSALAMSUDAN ADX:ADCB DFM:EIBANK ADX:ADIB DFM:AJMANBANK ADX:NBQ HON MMM ADX:ALPHADHABI TSE:8058 TSE:6501 TSE:8001 TSE:8031 HKSE:00267 HKSE:00001 TSE:8002
Traded in Other Exchanges
N/A
Address
Airport Road, Al Fattan Plaza Building, 4th Floor, P.O. Box 22588, Dubai, ARE
Website
https://www.ggicouae.com
Gulf General Investments Co PSC is a UAE company engaged in the real estate agency, manufacturing, retail trading, real estate development, insurance writing, hospitality, and other services. Its business is functioned through Manufacturing, Investments, Insurance Services and Others segments. The manufacturing segment includes manufacture and sale of oil, grease, prefabricated houses, concrete, restaurant, ovens, kitchens, and central air conditioning systems; the investment segment focuses on real estate properties and equity securities and whereas Insurance Services and others, which is the key revenue driver, include the writing of insurance and various other services including hospitality. Geographically, the business presence of the firm is seen in the UAE and internationally.

Gulf General Investments Co PSC (DFM:GGICO) Headlines

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