AdvanceTC (AdvanceTC) Total Current Assets : $0.08 Mil (As of Jun. 2022)

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What is AdvanceTC Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. AdvanceTC's total current assets for the quarter that ended in Jun. 2022 was $0.08 Mil.

AdvanceTC Total Current Assets Historical Data

The historical data trend for AdvanceTC'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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AdvanceTC Total Current Assets Chart

AdvanceTC Annual Data

Trend

Dec20

Dec21

Total Current Assets

0.55

0.25

AdvanceTC Semi-Annual Data
	Jun20	Dec20	Jun21	Dec21	Jun22
Total Current Assets	-	0.55	0.21	0.25	0.08

AdvanceTC 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.

AdvanceTC's Total Current Assets for the fiscal year that ended in Dec. 2021 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	0.033	+	0.029	+	0	+	0.192
	=	0.25

AdvanceTC's Total Current Assets for the quarter that ended in Jun. 2022 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	0.064	+	0.019	+	0	+	-0.001
	=	0.08

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.

AdvanceTC (OTCPK:ATCLF) 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.

AdvanceTC's Liquidation Value for the quarter that ended in Jun. 2022 is

	Liquidation value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	0.064	-	1.196	+	0.75 * 0	+	0.5 * 0
=	-1.13

AdvanceTC Total Current Assets Related Terms

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AdvanceTC (AdvanceTC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » AdvanceTC Ltd (OTCPK:ATCLF) » Definitions » Total Current Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

210 George Street, Level 8, Sydney, NSW, AUS, 2000

Website

https://www.advancetc.com

AdvanceTC Ltd is engaged in the design, development and commercialisation of high tech mobile wireless computing and telecommunication devices. It is the creator of the MAGIC brand of mobile computing devices and operates development facilities in Malaysia including its proprietary software and applications services.