Hour Loop (Hour Loop) Total Current Assets : $15.5 Mil (As of Mar. 2024)

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What is Hour Loop Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. Hour Loop's total current assets for the quarter that ended in Mar. 2024 was $15.5 Mil.

Hour Loop Total Current Assets Historical Data

The historical data trend for Hour Loop'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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Hour Loop Total Current Assets Chart

Hour Loop Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Total Current Assets

4.61

9.75

18.73

24.46

18.01

Hour Loop Quarterly Data
	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Total Current Assets	Get a 7-Day Free Trial												16.02	16.73	26.18	18.01	15.51

Hour Loop 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.

Hour Loop'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
	=	2.484	+	1.053	+	14.277	+	0.199
	=	18.0

Hour Loop'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
	=	2.922	+	0.538	+	11.618	+	0.429
	=	15.5

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.

Hour Loop (NAS:HOUR) 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.

Hour Loop'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)
=	2.922	-	11.207	+	0.75 * 0.538	+	0.5 * 11.618
=	-2.1

Hour Loop Total Current Assets Related Terms

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Hour Loop (Hour Loop) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Hour Loop Inc (NAS:HOUR) » Definitions » Total Current Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

8201 164th Avenue North East, Redmond, WA, USA, 98052-7615

Website

https://www.hourloop.com

Hour Loop Inc is a technology-enabled consumer products company that uses machine learning and data analytics to design, develop, market, and sell products. Hour Loop predominantly operates through online retail channels such as Amazon, Walmart, and Hourloop.com. The Company, as an Internet marketplace seller, sells products in multiple categories, including home/garden decor, toys, kitchenware, apparel, and electronics.

Executives

Hillary Hui-chong Bui	director	C/O HOUR LOOP, INC. 8201 164TH AVE. NE, REDMOND WA 98052-7615
Sau Kuen Yu	director, 10 percent owner, officer: Senior Vice President	C/O HOUR LOOP, INC.,, 8201 164TH AVE NE, #200, REDMOND WA 98052-7615
Rahul Ray Ratan	officer: Chief Financial Officer	C/O HOUR LOOP, INC.,, 8201 164TH AVE NE, #200, REDMOND WA 98052-7615
Sam Lai	director, 10 percent owner, officer: Chief Executive Officer	C/O HOUR LOOP, INC.,, 8201 164TH AVE NE, #200, REDMOND WA 98052-7615
Michael Minkin Lenner	director	C/O HOUR LOOP, INC.,, 8201 164TH AVE NE, #200, REDMOND WA 98052-7615
Douglas Ian Branch	director	C/O HOUR LOOP, INC.,, 8201 164TH AVE NE, #200, REDMOND WA 98052-7615
Minghui Gao	director	C/O HOUR LOOP, INC., 8201 164TH AVE NE, #200, REDMOND WA 98052-7615

Hour Loop (Hour Loop) Headlines

From GuruFocus

Hour Loop Expands Operations with Multiple New Offices in Taiwan

By GuruFocusNews GuruFocusNews • 02-22-2022

Hour Loop, Inc. to Ring Nasdaq Closing Bell

By GuruFocusNews GuruFocusNews • 01-27-2022

Hour Loop, Inc. Announces Closing of $6.9 Million Initial Public Offering and Full Exercise of Underwriter's Over-Allotment Option

By GuruFocusNews GuruFocusNews • 01-11-2022

UPDATE: Hour Loop Expands Operations with Multiple New Offices in Taiwan

By GuruFocusNews GuruFocusNews • 02-23-2022

Hour Loop, Inc. Announces Pricing of $6.0 Million Initial Public Offering

By GuruFocusNews GuruFocusNews • 01-06-2022

Hour Loop Reports Second Quarter 2023 Results

By GlobeNewswire • 08-09-2023

Hour Loop, Inc. Announces Pricing of $6.0 Million Initial Public Offering

By GlobeNewswire GlobeNewswire • 01-06-2022

Hour Loop Reports Second Quarter 2023 Results

By Marketwired • 08-09-2023