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Li & Fung Ltd  (OTCPK:LFUGF) Total Current Assets: $2,960 Mil (As of Jun. 2017)

Total current assets includes Cash And Cash Equivalents, Accounts Receivable, Total Inventories, and Other Current Assets. Li & Fung Ltd's total current assets for the quarter that ended in Jun. 2017 was $2,960 Mil.


Historical Data

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

* Premium members only.

Li & Fung Ltd Annual Data

Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16
Total Current Assets Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 4,379.97 4,297.74 3,824.87 3,345.69 3,514.43

Li & Fung Ltd Semi-Annual Data

Dec07 Jun08 Dec08 Jun09 Dec09 Jun10 Dec10 Jun11 Dec11 Jun12 Dec12 Jun13 Dec13 Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17
Total Current Assets 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 Premium Member Only Premium Member Only Premium Member Only 3,455.79 3,345.69 3,019.05 3,514.43 2,959.69

Calculation

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

Li & Fung Ltd's Total Current Assets for the fiscal year that ended in Dec. 2016 is calculated as

Li & Fung Ltd's Total Current Assets for the quarter that ended in Jun. 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.

Li & Fung Ltd's Liquidation Value for the quarter that ended in Jun. 2017 is

Liquidation value
= Cash And Cash Equivalents-Total Liabilities+(0.75 * Accounts Receivable)+(0.5 * Total Inventories)
=416.267-4865.945+0.75 * 0+0.5 * 302.246
=-4,299

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


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