Phoenix Group (ADX:PHX) Total Current Assets : د.إ1,842 Mil (As of Sep. 2024)

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What is Phoenix Group Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. Phoenix Group's total current assets for the quarter that ended in Sep. 2024 was د.إ1,842 Mil.

Phoenix Group Total Current Assets Historical Data

The historical data trend for Phoenix Group'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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Phoenix Group Total Current Assets Chart

Phoenix Group Annual Data

Trend

Dec21

Dec22

Dec23

Total Current Assets

1,683.12

306.83

2,236.92

Phoenix Group Quarterly Data
	Dec21	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Total Current Assets	Get a 7-Day Free Trial				833.81	2,236.92	2,564.35	2,638.31	1,841.62

Phoenix Group 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.

Phoenix Group's Total Current Assets for the fiscal year that ended in Dec. 2023 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	727.868	+	122.878	+	771.236	+	614.937
	=	2,237

Phoenix Group's Total Current Assets for the quarter that ended in Sep. 2024 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	11.992	+	190.385	+	1572.33	+	66.912
	=	1,842

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.

Phoenix Group (ADX:PHX) 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.

Phoenix Group's Liquidation Value for the quarter that ended in Sep. 2024 is

	Liquidation value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	11.992	-	376.248	+	0.75 * 34.545	+	0.5 * 1572.33
=	448

Phoenix Group Total Current Assets Related Terms

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Phoenix Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Phoenix Group PLC (ADX:PHX) » Definitions » Total Current Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 3412. ResCo-Work 10, 34 Floor, Al Maqam Tower, ADGM Square, Al Maryah Island, Abu Dhabi, ARE

Website

https://www.phoenixgroupuae.com

Phoenix Group PLC is a technology conglomerate bringing blockchain solutions to an expansive market. The Group develops, operates, and manages specialized data centres, hosting class performance computing power for digital asset across the UAE, Oman, U.S. and Canada. Additionally, it also hosts, operates and maintains equipment within its existing data centres and enables investment opportunities within cloud mining. The Group is the exclusive distributor of equipment manufacturer MicroBT and prominent distributor of Digital wallet Ledgers and CoolWallets, across the Middle East. The Group has four business verticals including trading, hosting, mining and investments.