Aldoro Resources (ASX:ARN) Total Current Assets : A$1.21 Mil (As of Dec. 2023)

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What is Aldoro Resources Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. Aldoro Resources's total current assets for the quarter that ended in Dec. 2023 was A$1.21 Mil.

Aldoro Resources Total Current Assets Historical Data

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

Aldoro Resources Annual Data

Trend

Jun19

Jun20

Jun21

Jun22

Jun23

Total Current Assets

3.59

2.27

5.14

2.12

3.06

Aldoro Resources Semi-Annual Data
	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Total Current Assets	Get a 7-Day Free Trial						3.16	2.12	1.76	3.06	1.21

Aldoro 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.

Aldoro Resources's Total Current Assets for the fiscal year that ended in Jun. 2023 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	2.898	+	0.141	+	0	+	0.017
	=	3.06

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

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	1.107	+	0.101	+	0	+	-0.00099999999999989
	=	1.21

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.

Aldoro Resources (ASX:ARN) 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.

Aldoro Resources's Liquidation Value for the quarter that ended in Dec. 2023 is

	Liquidation value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	1.107	-	0.178	+	0.75 * 0.101	+	0.5 * 0
=	1.00

Aldoro Resources Total Current Assets Related Terms

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Aldoro Resources (ASX:ARN) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

23 Railway Road, Suite 11, 12 Level 2, Subiaco, Perth, WA, AUS, 6008

Website

https://www.aldororesources.com

Aldoro Resources Ltd is an exploration company established to explore and develop gold and nickel mineral properties. Its projects include the Narndee Igneous Complex, the Kameelburg Ree Project, the Niobe Project, the Wyemandoo critical mineral project, and other mineral projects. The Group operates only in one reportable segment being predominately in the area of gold and nickel mineral exploration in Australia.

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