Avocet Resources (FRA:U3O) Total Current Assets : €10.25 Mil (As of Jun. 2013)

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What is Avocet Resources Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. Avocet Resources's total current assets for the quarter that ended in Jun. 2013 was €10.25 Mil.

Avocet Resources Total Current Assets Historical Data

The historical data trend for Avocet 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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Avocet Resources Total Current Assets Chart

Avocet Resources Annual Data

Trend

Jun06

Jun07

Jun08

Jun09

Jun10

Jun11

Jun12

Total Current Assets

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1.50

2.16

1.59

4.71

3.86

Avocet Resources Quarterly Data
	Dec06	Jun07	Dec07	Jun08	Dec08	Jun09	Dec09	Jun10	Dec10	Jun11	Dec11	Jun12	Dec12	Jun13
Total Current Assets	Get a 7-Day Free Trial									4.71	4.12	3.86	3.20	10.25

Avocet 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.

Avocet Resources's Total Current Assets for the fiscal year that ended in Jun. 2012 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	3.702	+	0.124	+	0	+	0.034
	=	3.86

Avocet Resources's Total Current Assets for the quarter that ended in Jun. 2013 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	10.019	+	0.21	+	0	+	0.023999999999999
	=	10.25

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.

Avocet Resources (FRA:U3O) 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.

Avocet Resources's Liquidation Value for the quarter that ended in Jun. 2013 is

	Liquidation value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	10.019	-	0.617	+	0.75 * 0	+	0.5 * 0
=	9.40

Avocet Resources Total Current Assets Related Terms

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Avocet Resources (FRA:U3O) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Avocet Resources Ltd (FRA:U3O) » Definitions » Total Current Assets

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Address

Website

http://www.U308.com.au

Avocet Resources Ltd is a uranium exploration company with projects in Western Australia, Queensland and South Australia. The Company holds a portfolio with 25 tenements in Western Australia, one in South Australia and a further five in Queensland.

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