AKORA Resources (ASX:AKO) Total Current Assets : A$3.14 Mil (As of Jun. 2023)

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What is AKORA Resources Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. AKORA Resources's total current assets for the quarter that ended in Jun. 2023 was A$3.14 Mil.

AKORA Resources Total Current Assets Historical Data

The historical data trend for AKORA 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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AKORA Resources Total Current Assets Chart

AKORA Resources Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Total Current Assets

4.80

1.07

0.74

1.34

AKORA Resources Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Total Current Assets	Get a 7-Day Free Trial			1.07	2.60	0.74	3.14	1.34

AKORA 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.

AKORA Resources'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
	=	1.316	+	0.022	+	0	+	0
	=	1.34

AKORA Resources's Total Current Assets for the quarter that ended in Jun. 2023 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	3.11	+	0.027	+	0	+	0.0019999999999998
	=	3.14

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.

AKORA Resources (ASX:AKO) 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.

AKORA Resources's Liquidation Value for the quarter that ended in Jun. 2023 is

	Liquidation value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	3.11	-	0.348	+	0.75 * 0.027	+	0.5 * 0
=	2.78

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AKORA Resources (ASX:AKO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » AKORA Resources Ltd (ASX:AKO) » Definitions » Total Current Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

211 McIlwraith Street, Princes Hill, North Carlton, Melbourne, VIC, AUS, 3054

Website

https://www.akoravy.com

AKORA Resources Ltd is a mining company. The company is engaged in the exploration and development for ferrous metals. The company's projects involved the Bekisopa Project, the Tratramarina Project, and the Ambodilafa Project. It operates in two geographical segments namely Australia and Madagascar.

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