Vanadium Resources (FRA:TR3) Total Current Assets : €2.56 Mil (As of Dec. 2023)

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What is Vanadium Resources Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. Vanadium Resources's total current assets for the quarter that ended in Dec. 2023 was €2.56 Mil.

Vanadium Resources Total Current Assets Historical Data

The historical data trend for Vanadium Resources'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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Vanadium Resources Total Current Assets Chart

Vanadium Resources Annual Data

Trend

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Total Current Assets

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0.17

1.17

2.13

3.81

1.24

Vanadium Resources Semi-Annual Data
	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Total Current Assets	Get a 7-Day Free Trial									2.13	0.81	3.81	2.56	1.24

Vanadium Resources 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.

Vanadium Resources's Total Current Assets for the fiscal year that ended in Jun. 2023 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	3.777	+	0.035	+	0	+	-4.4408920985006E-16
	=	3.81

Vanadium Resources's Total Current Assets for the quarter that ended in Dec. 2023 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	2.499	+	0.059	+	0	+	-4.4408920985006E-16
	=	2.56

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.

Vanadium Resources (FRA:TR3) 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.

Vanadium Resources's Liquidation Value for the quarter that ended in Dec. 2023 is

	Liquidation value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	2.499	-	0.47	+	0.75 * 0.059	+	0.5 * 0
=	2.07

Vanadium Resources Total Current Assets Related Terms

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Vanadium Resources Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Vanadium Resources Ltd (FRA:TR3) » Definitions » Total Current Assets

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VR8:Australia

Address

63 Shepperton Road, Suite 7, Victoria Park, Perth, WA, AUS, 6100

Website

https://www.vr8.global

Vanadium Resources Ltd Ltd is a junior exploration company. Principally, it is engaged in the business of acquisition, exploration, and development of mineral resources in the Pilbara region of Western Australia. The company holds an interest in the development of Quartz Bore project and Steelpoortdrift Vanadium Project. Geographically, it operates within two segments which are Australia and South Africa.

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