Richmond Vanadium Technology (ASX:RVT) Total Current Assets : A$15.97 Mil (As of Dec. 2023)

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What is Richmond Vanadium Technology Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. Richmond Vanadium Technology's total current assets for the quarter that ended in Dec. 2023 was A$15.97 Mil.

Richmond Vanadium Technology Total Current Assets Historical Data

The historical data trend for Richmond Vanadium Technology'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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Richmond Vanadium Technology Total Current Assets Chart

Richmond Vanadium Technology Annual Data

Trend

Jun22

Jun23

Total Current Assets

21.53

19.00

Richmond Vanadium Technology Semi-Annual Data
	Dec22	Jun23	Dec23
Total Current Assets	23.51	19.00	15.97

Richmond Vanadium Technology 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.

Richmond Vanadium Technology'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
	=	18.772	+	0.164	+	0	+	0.062000000000001
	=	19.00

Richmond Vanadium Technology'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
	=	15.613	+	0.305	+	0	+	0.047000000000001
	=	15.97

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.

Richmond Vanadium Technology (ASX:RVT) 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.

Richmond Vanadium Technology'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)
=	15.613	-	1.651	+	0.75 * 0.305	+	0.5 * 0
=	14.19

Richmond Vanadium Technology Total Current Assets Related Terms

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Richmond Vanadium Technology (ASX:RVT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Richmond Vanadium Technology Ltd (ASX:RVT) » Definitions » Total Current Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

251 Adelaide Terrace, Level 11, Perth, WA, AUS, 6000

Website

https://www.richmondvanadium.com.au

Richmond Vanadium Technology Ltd is an Australian minerals exploration company advancing its Richmond Vanadium Project in north Queensland. The Richmond-Julia Creek Vanadium Project is the non-titanomagnetite vanadium deposit of its kind (soft marine sediments) globally and can produce a supply of vanadium for the steel and emerging energy storage markets. The project involves the development of an open cut, free dig vanadium mining operation producing vanadium pentoxide (V2O5) concentrate from the ore reserve.