Penneo AS (FRA:4ZD) Total Current Assets : €3.84 Mil (As of Sep. 2024)

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What is Penneo AS Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. Penneo AS's total current assets for the quarter that ended in Sep. 2024 was €3.84 Mil.

Penneo AS Total Current Assets Historical Data

The historical data trend for Penneo AS'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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Penneo AS Total Current Assets Chart

Penneo AS Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Current Assets

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1.73

5.82

5.93

10.87

8.07

Penneo AS Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Total Current Assets	Get a 7-Day Free Trial															7.04	8.07	6.04	5.30	3.84

Penneo AS 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.

Penneo AS's Total Current Assets for the fiscal year that ended in Dec. 2023 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	5.665	+	2.125	+	0	+	0.281
	=	8.07

Penneo AS's Total Current Assets for the quarter that ended in Sep. 2024 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	2.91	+	0.661	+	0	+	0.266
	=	3.84

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.

Penneo AS (FRA:4ZD) 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.

Penneo AS's Liquidation Value for the quarter that ended in Sep. 2024 is

	Liquidation value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	2.91	-	5.117	+	0.75 * 0.66	+	0.5 * 0
=	-1.71

Penneo AS Total Current Assets Related Terms

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Penneo AS Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Penneo AS (FRA:4ZD) » Definitions » Total Current Assets

Comparable Companies

Traded in Other Exchanges

PENNEO:Denmark 4ZD:Germany

Address

Enghavevej 40, 4. sal, Copenhagen, DNK, 1674

Website

https://www.penneo.com

Penneo AS is a Danish SaaS company that digitizes business processes. It has specialized in accounting firms' client-faced workflows to increase their efficiency, lower their operational costs, strengthen their level of compliance and provide a digital user experience for their clients. Its software relieves heavy manual tasks from the auditors in the financial reporting process, enabling them to spend more time on revenue-generating activities. Operating segments are Subscription, Signature packages and One-time fee. Majority revenue comes from Subscription business.

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