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GuruFocus has detected 3 Warning Signs with R.R.Donnelley & Sons Co $RRD.
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R.R.Donnelley & Sons Co (NYSE:RRD)
Total Current Assets
$2,138 Mil (As of Mar. 2017)

Total current assets includes Cash and Cash Equivalents, Accounts Receivable, Inventory, and Other Current Assets. R.R.Donnelley & Sons Co's total current assets for the quarter that ended in Mar. 2017 was $2,138 Mil.


Definition

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

R.R.Donnelley & Sons Co's Total Current Assets for the fiscal year that ended in Dec. 2016 is calculated as

R.R.Donnelley & Sons Co's Total Current Assets for the quarter that ended in Mar. 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.

R.R.Donnelley & Sons Co's Liquidation Value for the quarter that ended in Mar. 2017 is

Liquidation value
=Cash and Cash Equivalents-Total Liabilities+(0.75 * Account Receivable)+(0.5 * Inventory)
=364.7-4095.4+0.75 * 1268.9+0.5 * 375.9
=-2,591

* 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.

R.R.Donnelley & Sons Co Annual Data

Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15Dec16
Total Current Assets 3,5213,2812,9613,1672,9692,9773,5623,3733,1022,517

R.R.Donnelley & Sons Co Quarterly Data

Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16Dec16Mar17
Total Current Assets 3,3733,0443,1083,1853,1022,9372,9743,3132,5172,138
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