Cono Italiano (Cono Italiano) Total Current Assets : $0.01 Mil (As of Sep. 2013)

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What is Cono Italiano Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. Cono Italiano's total current assets for the quarter that ended in Sep. 2013 was $0.01 Mil.

Cono Italiano Total Current Assets Historical Data

The historical data trend for Cono Italiano'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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Cono Italiano Total Current Assets Chart

Cono Italiano Annual Data

Trend

Nov05

Nov06

Jan08

Jan09

Dec10

Dec11

Dec12

Total Current Assets

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0.40

0.03

0.20

0.03

0.21

Cono Italiano Quarterly Data
	Oct08	Jan09	Apr09	Jul09	Oct09	Mar10	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13
Total Current Assets	Get a 7-Day Free Trial															0.22	0.21	0.18	0.03	0.01

Cono Italiano 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.

Cono Italiano's Total Current Assets for the fiscal year that ended in Dec. 2012 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	0.031	+	0.019	+	0	+	0.157
	=	0.21

Cono Italiano's Total Current Assets for the quarter that ended in Sep. 2013 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	0.002	+	0.004	+	0	+	0.001
	=	0.01

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.

Cono Italiano (GREY:CNOZ) 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.

Cono Italiano's Liquidation Value for the quarter that ended in Sep. 2013 is

	Liquidation value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	0.002	-	2.023	+	0.75 * 0.004	+	0.5 * 0
=	-2.02

Cono Italiano Total Current Assets Related Terms

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Cono Italiano (Cono Italiano) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Cono Italiano Inc (GREY:CNOZ) » Definitions » Total Current Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

10 Main Street, Keyport, NJ, USA, 07735

Website

http://www.conoitaliano.com

Cono Italiano Inc was incorporated in the State of Nevada on September 9, 2004. It is a development stage company. It operates in fast food industry throughout the United States, Canada and Mexico and currently sell them in stadiums, arenas, at universities and through catering companies. Cono Italiano is licensed to distribute a food product called the 'Pizza Cono'. The Company intends to contact food distributors who sell to the restaurant community to distribute the product. The Company will seek to develop relationships with independent commissioned sales representatives throughout the country to sell and market the product to the retail community and specialty customers.

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