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Otis Worldwide Total Current Assets

: $6,271 Mil (As of Sep. 2020)
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Total current assets includes Cash And Cash Equivalents, Accounts Receivable, Total Inventories, and Other Current Assets. Otis Worldwide's total current assets for the quarter that ended in Sep. 2020 was $6,271 Mil.


Otis Worldwide Total 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.

* Premium members only.

Otis Worldwide Annual Data
Dec17 Dec18 Dec19
Total Current Assets 0.00 5,612.00 5,658.00

Otis Worldwide Quarterly Data
Dec17 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20
Total Current Assets Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.00 5,658.00 5,514.00 6,392.00 6,271.00

Otis Worldwide 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.

Otis Worldwide's Total Current Assets for the fiscal year that ended in Dec. 2019 is calculated as

Otis Worldwide's Total Current Assets for the quarter that ended in Sep. 2020 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.


Otis Worldwide  (NYSE:OTIS) 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.

Otis Worldwide's Liquidation Value for the quarter that ended in Sep. 2020 is

Liquidation value
= Cash And Cash Equivalents-Total Liabilities+(0.75 * Accounts Receivable)+(0.5 * Total Inventories)
=1733-13954+0.75 * 2901+0.5 * 667
=-9,712

* 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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