Sinovus Mining (ASX:SNV) Total Current Assets : A$0.02 Mil (As of Dec. 2015)

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What is Sinovus Mining Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. Sinovus Mining's total current assets for the quarter that ended in Dec. 2015 was A$0.02 Mil.

Sinovus Mining Total Current Assets Historical Data

The historical data trend for Sinovus Mining'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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Sinovus Mining Total Current Assets Chart

Sinovus Mining Annual Data

Trend

Jun08

Jun09

Jun10

Jun11

Jun12

Jun13

Jun14

Jun15

Jun16

Total Current Assets

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1.26

0.62

0.10

0.03

0.04

Sinovus Mining Semi-Annual Data
	Dec07	Jun08	Dec08	Jun09	Dec09	Jun10	Dec10	Jun11	Dec11	Jun12	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16
Total Current Assets	Get a 7-Day Free Trial													0.10	0.04	0.03	0.02	0.04

Sinovus Mining 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.

Sinovus Mining's Total Current Assets for the fiscal year that ended in Jun. 2016 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	0.017	+	0.007	+	0	+	0.014
	=	0.04

Sinovus Mining's Total Current Assets for the quarter that ended in Dec. 2015 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	0.001	+	0.014	+	0	+	0
	=	0.02

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.

Sinovus Mining (ASX:SNV) 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.

Sinovus Mining's Liquidation Value for the quarter that ended in Dec. 2015 is

	Liquidation value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	0.001	-	0.737	+	0.75 * 0.014	+	0.5 * 0
=	-0.73

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Sinovus Mining (ASX:SNV) Business Description

Industry

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

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Traded in Other Exchanges

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Address

32 Martin Place, Level 10, Sydney, NSW, AUS, 2000

Website

http://www.sinovus.com.au

Sinovus Mining Ltd is a mineral resource company. It engaged in developing its gold assets in the Heilongjiang region of north-eastern China. The Company's main projects include: Xiangguang Silver Project, Laogouxi Gold Project, YangShan Coal Mine and Paltar Petroleum Limited.