Maronan Metals (ASX:MMA) Total Current Assets : A$2.14 Mil (As of Dec. 2023)

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What is Maronan Metals Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. Maronan Metals's total current assets for the quarter that ended in Dec. 2023 was A$2.14 Mil.

Maronan Metals Total Current Assets Historical Data

The historical data trend for Maronan Metals'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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Maronan Metals Total Current Assets Chart

Maronan Metals Annual Data

Trend

Jun22

Jun23

Total Current Assets

13.21

6.19

Maronan Metals Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23
Total Current Assets	13.62	13.21	10.27	6.19	2.14

Maronan Metals 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.

Maronan Metals'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
	=	5.93	+	0.23	+	0	+	0.034
	=	6.19

Maronan Metals'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
	=	2.024	+	0.113	+	0	+	0.00099999999999989
	=	2.14

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.

Maronan Metals (ASX:MMA) 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.

Maronan Metals'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)
=	2.024	-	0.292	+	0.75 * 0.113	+	0.5 * 0
=	1.82

Maronan Metals Total Current Assets Related Terms

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Maronan Metals (ASX:MMA) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

15 Griffith Street, Cloncurry, QLD, AUS, 4824

Website

http://www.maronanmetals.com.au

Maronan Metals Ltd is engaged in identifying and securing prospective mineral tenements and undertaking exploration for and development of mineral resources. It owns the Maronan lead-silver and copper-gold Project. The project is located in Queensland, Australia.

Maronan Metals (ASX:MMA) Headlines

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