AVP (AVPI) Total Current Assets : $8.81 Mil (As of Sep. 2008)

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What is AVP Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. AVP's total current assets for the quarter that ended in Sep. 2008 was $8.81 Mil.

AVP Total Current Assets Historical Data

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

AVP Annual Data

Trend

Apr98

Apr99

Apr00

Apr01

Apr02

Apr03

Apr04

Dec05

Dec06

Dec07

Total Current Assets

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0.02

1.93

8.25

4.77

AVP Quarterly Data
	Oct03	Jan04	Apr04	Jul04	Oct04	Jan05	Jun05	Sep05	Dec05	Mar06	Jun06	Sep06	Dec06	Mar07	Jun07	Sep07	Dec07	Mar08	Jun08	Sep08
Total Current Assets	Get a 7-Day Free Trial															9.62	4.77	6.54	5.62	8.81

AVP 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.

AVP's Total Current Assets for the fiscal year that ended in Dec. 2007 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	2.257	+	2.008	+	0	+	0.506
	=	4.77

AVP's Total Current Assets for the quarter that ended in Sep. 2008 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	3.225	+	5.109	+	0	+	0.473
	=	8.81

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.

AVP (OTCPK:AVPI) 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.

AVP's Liquidation Value for the quarter that ended in Sep. 2008 is

	Liquidation value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	3.225	-	8.762	+	0.75 * 5.109	+	0.5 * 0
=	-1.71

AVP Total Current Assets Related Terms

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AVP (AVPI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » AVP Inc (OTCPK:AVPI) » Definitions » Total Current Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

1187 Coast Village Road, Suite 319, Santa Barbara, CA, USA, 93108

Website

http://www.avp.com

AVP Inc owns and operates professional beach volleyball tournaments in the United States. The company's tournaments include FIVB Huntington Beach Open, King of the Court Series and AVP Gold Series Standings.

Executives

Diker Management Llc	10 percent owner	570 LEXINGTON AVENUE, 27TH FLOOR, NEW YORK NY 10022
Leonard Armato	director, officer: Chief Executive Officer	ASSOCIATION OF VOLLEYBALL PROFESSIONALS, 6100 CENTER DRIVE, 9TH FLOOR, LOS ANGELES CA 90045
Stephen D Royer	10 percent owner
Kathy P Vrabeck	director	625 WESTPORT PARKWAY, GRAPEVINE TX 76051
William J Chardavoyne	director	3100 OCEAN PARK BLVD, STE 1000, SANTA MONICA CA 90405
Jack F Kemp	director	1701 PENNSYLVANIA AVE NW, WASHINGTON DC 20006-2805
Scott Painter	director	ASSOCIATION OF VOLLEYBALL PROFESSIONALS, 6100 CENTER DRIVE, 9TH FLOOR, LOS ANGELES CA 90045
Amtrust International Insurance Ltd	10 percent owner	SUITE 102 WASHINGTON MALL, 7 REID STREET, HAMILTON D0 HM11
Twenty-first Century Fox, Inc.	10 percent owner	1211 AVENUE OF THE AMERICAS, NEW YORK NY 10036
Michael Roth	10 percent owner	3600 SOUTH LAKE DRIVE, ST. FRANCIS WI 53235
Brian Jay Stark	10 percent owner	3600 SOUTH LAKE DRIVE, ST. FRANCIS WI 53235

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