Newever Trade Wings (BOM:536644) Total Current Assets: ₹573.3 Mil (As of Sep. 2017)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

What is Newever Trade Wings Total Current Assets?

Newever Trade Wings BOM:536644 Total Current Assets is ₹573.3 Mil as of Sep. 2017.

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. Newever Trade Wings's total current assets for the quarter that ended in Sep. 2017 was ₹573.3 Mil.

Newever Trade Wings  (BOM:536644) 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.

Newever Trade Wings's Liquidation Value for the quarter that ended in Sep. 2017 is

Liquidation value
= Cash, Cash Equivalents, Marketable Securities-Total Liabilities+(0.75 * Accounts Receivable)+(0.5 * Total Inventories)
=0.603-568.239+0.75 * 555.016+0.5 * 0
=-151.4

* 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.

Newever Trade Wings Total Current Assets Related Terms

Newever Trade Wings Total Current Assets Historical Data

* Premium members only.

The historical data trend for Newever Trade Wings'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.

Newever Trade Wings Total Current Assets Chart

Newever Trade Wings Annual Data
Trend Mar13 Mar14 Mar15 Mar16 Mar17
Total Current Assets
281.46 1,167.49 566.93 894.74 1,145.17

Newever Trade Wings Semi-Annual Data
Mar13 Sep13 Mar14 Sep14 Mar15 Sep15 Mar16 Sep16 Mar17 Sep17
Total Current Assets Get a 7-Day Free Trial Premium Member Only Premium Member Only 655.90 894.74 1,158.58 1,145.17 573.27

Newever Trade Wings 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.

Newever Trade Wings's Total Current Assets for the fiscal year that ended in Mar. 2017 is calculated as

Total Current Assets=Cash, Cash Equivalents, Marketable Securities+Total Receivables+Total Inventories+Other Current Assets
=0.791+1143.724+0+0.65700000000015
=1,145.2

Newever Trade Wings's Total Current Assets for the quarter that ended in Sep. 2017 is calculated as

Total Current Assets=Cash, Cash Equivalents, Marketable Securities+Total Receivables+Total Inventories+Other Current Assets
=0.603+555.016+0+17.652
=573.3

* 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.

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.

Frequently Asked Questions Learn more about Total Current Assets →
What does a Total Current Assets of ₹573.3 Mil mean?
Newever Trade Wings (BOM:536644) has a Total Current Assets of ₹573.3 Mil as of Sep. 2017. The total amount of assets with liquidity less than one year as recorded on a company's balance sheet. View historical data for Newever Trade Wings and its competitors.
Is Newever Trade Wings' Total Current Assets too high?
Newever Trade Wings' current Total Current Assets is ₹573.3 Mil.
How does Newever Trade Wings' Total Current Assets compare to ADMG?
Newever Trade Wings' Total Current Assets of ₹573.3 Mil can be compared against companies in the Steel industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Total Current Assets for a Steel company?
A good Total Current Assets depends on the Steel industry context. However, Total Current Assets should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Total Current Assets mean?
A high Total Current Assets can signal that a stock is expensive relative to its fundamentals. The total amount of assets with liquidity less than one year as recorded on a company's balance sheet. View historical data for Newever Trade Wings and its competitors. Newever Trade Wings's current Total Current Assets is ₹573.3 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Newever Trade Wings stock overvalued right now?
Newever Trade Wings (BOM:536644) has a current Total Current Assets of ₹573.3 Mil. The current Total Current Assets is ₹573.3 Mil. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Total Current Assets calculated?
Total Current Assets is calculated from a company's financial statements. For Newever Trade Wings (BOM:536644), the current Total Current Assets is ₹573.3 Mil as of Sep. 2017. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Newever Trade Wings Business Description

Address 238B, A.J.C. Bose Road, Unit 4B, 4th Floor, Kolkata, WB, IND, 700020
Newever Trade Wings Ltd is an Indian company which is engaged in the business of trading in iron and steel and other related commodities. The company is involved in Wholesale Trade in Metal Channel, Joist, M.S. (Mild Steel) Angle, MS Sheet, TMT (thermomechanical treatment) Bar and other.