Jupiter Marine International Holdings (Jupiter Marine International Holdings) Total Current Assets : $2.42 Mil (As of Oct. 2007)

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What is Jupiter Marine International Holdings Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. Jupiter Marine International Holdings's total current assets for the quarter that ended in Oct. 2007 was $2.42 Mil.

Jupiter Marine International Holdings Total Current Assets Historical Data

The historical data trend for Jupiter Marine International Holdings'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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Jupiter Marine International Holdings Total Current Assets Chart

Jupiter Marine International Holdings Annual Data

Trend

Jul01

Jul03

Jul04

Jul05

Jul06

Jul07

Total Current Assets

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1.44

1.80

2.09

3.48

1.97

Jupiter Marine International Holdings Quarterly Data
	Oct01	Oct03	Jan04	Apr04	Jul04	Oct04	Jan05	Apr05	Jul05	Oct05	Jan06	Apr06	Jul06	Oct06	Jan07	Apr07	Jul07	Oct07
Total Current Assets	Get a 7-Day Free Trial													3.73	3.46	3.39	1.97	2.42

Jupiter Marine International Holdings 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.

Jupiter Marine International Holdings's Total Current Assets for the fiscal year that ended in Jul. 2007 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	0.08	+	0.048	+	1.775	+	0.068
	=	1.97

Jupiter Marine International Holdings's Total Current Assets for the quarter that ended in Oct. 2007 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	0.341	+	0.051	+	1.982	+	0.046
	=	2.42

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.

Jupiter Marine International Holdings (OTCPK:JMIH) 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.

Jupiter Marine International Holdings's Liquidation Value for the quarter that ended in Oct. 2007 is

	Liquidation value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	0.341	-	3.307	+	0.75 * 0.051	+	0.5 * 1.982
=	-1.94

Jupiter Marine International Holdings Total Current Assets Related Terms

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Jupiter Marine International Holdings (Jupiter Marine International Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Jupiter Marine International Holdings Inc (OTCPK:JMIH) » Definitions » Total Current Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

1103 12th Avenue East, Palmetto, FL, USA, 34221

Website

http://www.jupitermarine.com

Jupiter Marine International Holdings Inc designs, manufactures and markets sport fishing boats like 29 Forward Seating Center Console, 31 Open Center Console, 31 Cuddy Cabin and 31 Forward Seating Center Console. Geographically the business activities are carried out through Palmetto, Florida.

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