Oceana Lithium (ASX:OCN) Total Current Assets : A$3.55 Mil (As of Dec. 2023)

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What is Oceana Lithium Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. Oceana Lithium's total current assets for the quarter that ended in Dec. 2023 was A$3.55 Mil.

Oceana Lithium Total Current Assets Historical Data

The historical data trend for Oceana Lithium'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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Oceana Lithium Total Current Assets Chart

Oceana Lithium Annual Data

Trend

Dec21

Jun23

Total Current Assets

5.96

2.86

Oceana Lithium Semi-Annual Data
	Dec22	Jun23	Dec23
Total Current Assets	4.70	2.86	3.55

Oceana Lithium 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.

Oceana Lithium'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
	=	2.706	+	0.152	+	0	+	0
	=	2.86

Oceana Lithium'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
	=	3.347	+	0.2	+	0	+	-0.0010000000000003
	=	3.55

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.

Oceana Lithium (ASX:OCN) 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.

Oceana Lithium'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)
=	3.347	-	0.364	+	0.75 * 0.2	+	0.5 * 0
=	3.13

Oceana Lithium Total Current Assets Related Terms

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Oceana Lithium (ASX:OCN) Business Description

Industry

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

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Traded in Other Exchanges

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Address

33 Richardson Street, Level 1, West Perth, Perth, WA, AUS, 6005

Website

https://www.oceanalithium.com.au

Oceana Lithium Ltd is a mineral exploration and development company focused on the discovery and delineation of lithium mineral resources in two mining-friendly jurisdictions, the state of Ceara, Brazil, and the Northern Territory, Australia. It holds interest in the Solonopole lithium project in Brazil and the Napperby lithium project in Northern Territory.

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