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Sonic Corp  (NAS:SONC) Total Current Assets: $118.0 Mil (As of May. 2017)

Total current assets includes Cash And Cash Equivalents, Accounts Receivable, Total Inventories, and Other Current Assets. Sonic Corp's total current assets for the quarter that ended in May. 2017 was $118.0 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.

Sonic Corp Annual Data

Aug08 Aug09 Aug10 Aug11 Aug12 Aug13 Aug14 Aug15 Aug16 Aug17
Total Current Assets Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 140.72 95.71 85.44 137.66 89.18

Sonic Corp Quarterly Data

Nov12 Feb13 May13 Aug13 Nov13 Feb14 May14 Aug14 Nov14 Feb15 May15 Aug15 Nov15 Feb16 May16 Aug16 Nov16 Feb17 May17 Aug17
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 137.66 99.13 94.84 117.96 89.18

Calculation

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

Sonic Corp's Total Current Assets for the fiscal year that ended in Aug. 2016 is calculated as

Sonic Corp's Total Current Assets for the quarter that ended in May. 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.

Sonic Corp's Liquidation Value for the quarter that ended in May. 2017 is

Liquidation value
= Cash And Cash Equivalents-Total Liabilities+(0.75 * Accounts Receivable)+(0.5 * Total Inventories)
=52.05-736.932+0.75 * 21.301+0.5 * 0
=-668.9

* 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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