Arafura Rare Earths (ASX:ARU) Total Current Assets : A$67.89 Mil (As of Dec. 2023)

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What is Arafura Rare Earths Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. Arafura Rare Earths's total current assets for the quarter that ended in Dec. 2023 was A$67.89 Mil.

Arafura Rare Earths Total Current Assets Historical Data

The historical data trend for Arafura Rare Earths'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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Arafura Rare Earths Total Current Assets Chart

Arafura Rare Earths Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Total Current Assets

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22.99

10.91

25.43

129.64

42.74

Arafura Rare Earths Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Total Current Assets	Get a 7-Day Free Trial															25.43	126.45	129.64	67.89	42.74

Arafura Rare Earths 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.

Arafura Rare Earths's Total Current Assets for the fiscal year that ended in Jun. 2024 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	42.17	+	0.569	+	0	+	-7.105427357601E-15
	=	42.74

Arafura Rare Earths'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
	=	66.94	+	0.952	+	0	+	0.0010000000000048
	=	67.89

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.

Arafura Rare Earths (ASX:ARU) 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.

Arafura Rare Earths'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)
=	66.94	-	35.4	+	0.75 * 0.952	+	0.5 * 0
=	32.25

Arafura Rare Earths Total Current Assets Related Terms

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Arafura Rare Earths Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Arafura Rare Earths Ltd (ASX:ARU) » Definitions » Total Current Assets

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ARAFF:USA REB:Germany REB:Germany REB:Germany

Address

432 Murray Street, Level 6, Perth, WA, AUS, 6000

Website

https://www.arultd.com

Arafura Rare Earths Ltd is engaged in mineral exploration, definition, and development of Neodymium-Praseodymium oxide and Mixed middle-heavy rare earth oxide products, mining and associated infrastructure, social and environmental feasibility evaluations, and Nolans Project engineering studies. Its products are used in catalytic converters in automobiles, consumer electronics, energy-efficiency lighting, optics, super alloys, advanced ceramics, and high-strength magnets.