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Ratnaveer Precision Engineering (BOM:543978) Total Current Assets : ₹3,928 Mil (As of Mar. 2024)


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What is Ratnaveer Precision Engineering Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. Ratnaveer Precision Engineering's total current assets for the quarter that ended in Mar. 2024 was ₹3,928 Mil.

Ratnaveer Precision Engineering Total Current Assets Historical Data

The historical data trend for Ratnaveer Precision Engineering'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.

* Premium members only.

Ratnaveer Precision Engineering Total Current Assets Chart

Ratnaveer Precision Engineering Annual Data
Trend Mar20 Mar21 Mar22 Mar23 Mar24
Total Current Assets
2,124.54 2,161.58 2,600.20 3,269.70 3,928.32

Ratnaveer Precision Engineering Semi-Annual Data
Mar20 Mar21 Mar22 Mar23 Mar24
Total Current Assets 2,124.54 2,161.58 2,600.20 3,269.70 3,928.32

Ratnaveer Precision Engineering 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.

Ratnaveer Precision Engineering'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
=596.02+447.65+2449.29+435.36
=3,928

Ratnaveer Precision Engineering'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
=596.02+447.65+2449.29+435.36
=3,928

* 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.

Ratnaveer Precision Engineering  (BOM:543978) 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.

Ratnaveer Precision Engineering'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)
=596.02-2639.74+0.75 * 447.65+0.5 * 2449.29
=-483

* 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.

Ratnaveer Precision Engineering Total Current Assets Related Terms

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Ratnaveer Precision Engineering (BOM:543978) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Ratnaveer Precision Engineering Ltd (BOM:543978) » Definitions » Total Current Assets
Comparable Companies
BOM:543590 BOM:541701 BOM:532650 BOM:532741 NSE:SHIVAUM BOM:533270 BOM:504605 NSE:SHYAMCENT BOM:542669 BOM:511672 NUE XKRX:005490 BOM:500228 TSE:5401 SHSE:600019 XAMS:MT STLD NSE:TATASTEEL RS MIC:CHMF
Traded in Other Exchanges
RATNAVEER:India
Address
Plot no. E-77, G.I.D.C, Savli (Manjusar), Vadodara, GJ, IND, 391 775
Website
https://www.ratnaveer.com
Ratnaveer Precision Engineering Ltd is a stainless steel (SS) product manufacturer focused on producing finished sheets, washers, solar roofing hooks, pipes and tubes. It manufactures finishing sheets, washers and solar mounting hooks at Unit I and SS pipes & tubes at Unit II. Unit III and Unit IV are dedicated to the backward integration process where Unit III is the melting unit where the company melts steel scrap and turns it into steel ingots and Unit IV is the rolling unit where flat ingots are further processed to turn them into sheets which are the raw material for washers.

Ratnaveer Precision Engineering (BOM:543978) Headlines

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