Mitchell Services (ASX:MSV) Total Current Assets : A$55.9 Mil (As of Dec. 2023)

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What is Mitchell Services Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. Mitchell Services's total current assets for the quarter that ended in Dec. 2023 was A$55.9 Mil.

Mitchell Services Total Current Assets Historical Data

The historical data trend for Mitchell Services'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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Mitchell Services Total Current Assets Chart

Mitchell Services Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Total Current Assets

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29.72

58.55

47.43

49.21

56.78

Mitchell Services Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Total Current Assets	Get a 7-Day Free Trial															47.42	49.21	46.43	56.78	55.87

Mitchell Services 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.

Mitchell Services'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
	=	11.108	+	34.546	+	8.845	+	2.283
	=	56.8

Mitchell Services'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
	=	16.852	+	27.341	+	9.356	+	2.323
	=	55.9

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.

Mitchell Services (ASX:MSV) 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.

Mitchell Services'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)
=	16.852	-	65.283	+	0.75 * 27.341	+	0.5 * 9.356
=	-23.2

Mitchell Services Total Current Assets Related Terms

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Mitchell Services (ASX:MSV) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

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Address

112 Bluestone Circuit, Seventeen Mile Rocks, Brisbane, QLD, AUS, 4073

Website

https://www.mitchellservices.com.au

Mitchell Services Ltd provides drilling services to the global exploration, mining, and energy industries. Its services extend across three key drilling divisions namely exploration, mine services, and underground. It provides drilling solutions at all stages of the mining lifecycle in both the minerals and energy sectors. The group's services include grassroots exploration, project feasibility, construction, production, closure and remediation. The company generates the majority of its revenue from Surface drilling services.

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