Oakbay Resources and Energy (JSE:46926) Total Current Assets : R264.5 Mil (As of Feb. 2017)

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What is Oakbay Resources and Energy Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. Oakbay Resources and Energy's total current assets for the quarter that ended in Feb. 2017 was R264.5 Mil.

Oakbay Resources and Energy Total Current Assets Historical Data

The historical data trend for Oakbay Resources and Energy'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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Oakbay Resources and Energy Total Current Assets Chart

Oakbay Resources and Energy Annual Data

Trend

Feb14

Feb15

Feb16

Feb17

Total Current Assets

183.84

444.52

504.15

264.49

Oakbay Resources and Energy Semi-Annual Data
	Feb14	Aug14	Feb15	Aug15	Feb16	Aug16	Feb17
Total Current Assets	Get a 7-Day Free Trial			444.52	451.00	504.15	334.71	264.49

Oakbay Resources and Energy 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.

Oakbay Resources and Energy's Total Current Assets for the fiscal year that ended in Feb. 2017 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	4.528	+	0	+	188.499	+	71.461
	=	264.5

Oakbay Resources and Energy's Total Current Assets for the quarter that ended in Feb. 2017 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	4.528	+	0	+	188.499	+	71.461
	=	264.5

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.

Oakbay Resources and Energy (JSE:46926) 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.

Oakbay Resources and Energy's Liquidation Value for the quarter that ended in Feb. 2017 is

	Liquidation value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	4.528	-	2817.387	+	0.75 * 0	+	0.5 * 188.499
=	-2,718.6

Oakbay Resources and Energy Total Current Assets Related Terms

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Oakbay Resources and Energy (JSE:46926) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Oakbay Resources and Energy Ltd (JSE:46926) » Definitions » Total Current Assets

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Traded in Other Exchanges

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Address

Website

http://www.oakbay.co.za

Oakbay Resources and Energy Ltd mines for energy resources with a focus on uranium development and coal production. The company's Shiva Uranium project inferred uranium resources more than 190 million pounds and indicated and inferred gold resources more than 5 million ounces. It mines for gold deposits as a by-product and offers outsourced contracting to the mining industry. The company's segments consist of Gold Operations, Uranium Development, Central Services and Contract Mining. The majority of its revenues are derived from mining and sale of gold in the Republic of South Africa.

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