eFleets (eFleets) Total Current Assets : $0.39 Mil (As of Jun. 2014)

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What is eFleets Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. eFleets's total current assets for the quarter that ended in Jun. 2014 was $0.39 Mil.

eFleets Total Current Assets Historical Data

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

eFleets Annual Data

Trend

May09

May10

May11

May12

Dec13

Total Current Assets

0.10

eFleets Quarterly Data
	Aug09	Nov09	Feb10	May10	Aug10	Nov10	Feb11	May11	Aug11	Nov11	Feb12	May12	Aug12	Nov12	Feb13	Jun13	Sep13	Dec13	Mar14	Jun14
Total Current Assets	Get a 7-Day Free Trial															0.48	0.22	0.10	0.13	0.39

eFleets 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.

eFleets's Total Current Assets for the fiscal year that ended in Dec. 2013 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	0	+	0.004	+	0.085	+	0.011
	=	0.10

eFleets's Total Current Assets for the quarter that ended in Jun. 2014 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	0.001	+	0.168	+	0.118	+	0.104
	=	0.39

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.

eFleets (GREY:EFLT) 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.

eFleets's Liquidation Value for the quarter that ended in Jun. 2014 is

	Liquidation value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	0.001	-	7.478	+	0.75 * 0.168	+	0.5 * 0.118
=	-7.29

eFleets Total Current Assets Related Terms

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eFleets (eFleets) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » eFleets Corp (GREY:EFLT) » Definitions » Total Current Assets

Traded in Other Exchanges

N/A

Address

7660 Pebble Drive, Fort Worth, TX, USA, 76118

Website

eFleets Corp is focused on the design, development and manufacturing of an all-electric fleet vehicle for the essential services market. The company's all-electric vehicles are designed for use in traffic control/parking enforcement, security, small package delivery, military, maintenance, airport services, warehouses, and other comparable utility application. Its electric vehicles offer a zero-emission, high performance, low-maintenance and affordable alternative to specifically meet the needs of fleet vehicles in the essential services market. The company is focused on developing technology for its battery management and integrated drive system, which maximizes energy efficiency to satisfy the needs of its customers.

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