Amex Resources (Amex Resources) Total Current Assets : $0.81 Mil (As of Dec. 2016)

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What is Amex Resources Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. Amex Resources's total current assets for the quarter that ended in Dec. 2016 was $0.81 Mil.

Amex Resources Total Current Assets Historical Data

The historical data trend for Amex Resources'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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Amex Resources Total Current Assets Chart

Amex Resources Annual Data

Trend

Jun08

Jun09

Jun10

Jun11

Jun12

Jun13

Jun14

Jun15

Jun16

Total Current Assets

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9.86

4.86

23.76

2.25

4.06

Amex Resources Semi-Annual Data
	Dec07	Jun08	Dec08	Jun09	Dec09	Jun10	Dec10	Jun11	Dec11	Jun12	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16
Total Current Assets	Get a 7-Day Free Trial														18.99	2.25	21.02	4.06	0.81

Amex Resources 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.

Amex Resources's Total Current Assets for the fiscal year that ended in Jun. 2016 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	2.449	+	0.038	+	0	+	1.574
	=	4.06

Amex Resources's Total Current Assets for the quarter that ended in Dec. 2016 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	0.765	+	0.001	+	0	+	0.041
	=	0.81

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.

Amex Resources (OTCPK:AMXXF) 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.

Amex Resources's Liquidation Value for the quarter that ended in Dec. 2016 is

	Liquidation value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	0.765	-	37.63	+	0.75 * 0	+	0.5 * 0
=	-36.87

Amex Resources Total Current Assets Related Terms

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Amex Resources (Amex Resources) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Amex Resources Ltd (OTCPK:AMXXF) » Definitions » Total Current Assets

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Address

Website

http://www.amex.net.au

Amex Resources Ltd is focused on gold and base metals exploration. The company's tenements are located within Western Australia with the majority of the portfolio situated in the Eastern Goldfields. The company has 100% ownership of 8 exploration projects and aims to upgrade its core assets through continual geological reviews.

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