Premco Global (BOM:530331) Total Current Assets : ₹755.9 Mil (As of Mar. 2024)

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What is Premco Global Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. Premco Global's total current assets for the quarter that ended in Mar. 2024 was ₹755.9 Mil.

Premco Global Total Current Assets Historical Data

The historical data trend for Premco Global'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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Premco Global Total Current Assets Chart

Premco Global Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Total Current Assets

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517.87

640.47

766.10

720.24

755.90

Premco Global Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Total Current Assets	Get a 7-Day Free Trial															720.24	-	738.20	-	755.90

Premco Global 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.

Premco Global's Total Current Assets for the fiscal year that ended in Mar. 2024 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	346.514	+	71.229	+	241.757	+	96.401
	=	755.9

Premco Global's Total Current Assets for the quarter that ended in Mar. 2024 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	346.514	+	71.229	+	241.757	+	96.401
	=	755.9

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.

Premco Global (BOM:530331) 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.

Premco Global's Liquidation Value for the quarter that ended in Mar. 2024 is

	Liquidation value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	346.514	-	165.898	+	0.75 * 70.041	+	0.5 * 241.757
=	354.0

Premco Global Total Current Assets Related Terms

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Premco Global (BOM:530331) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Premco Global Ltd (BOM:530331) » Definitions » Total Current Assets

Traded in Other Exchanges

N/A

Address

95 Ganpatrao Kadam marg, Urmi Estate, Tower-A, 11th floor, Lower Parel (West), Mumbai, IND, 400013

Website

http://www.premcoglobal.com

Premco Global Ltd is a company that is engaged in manufacturing woven and knitted elastic tapes, and other activities. Its product portfolio includes Name tapes and plain tapes; Buttonholes, rigid tapes and medical tapes and Panty and shoulder elastics. Geographically, it derives a majority of revenue from India.

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