Sable Exploration And Mining (JSE:SXM) Total Current Assets: R1.40 Mil (As of Aug. 2024)


What is Sable Exploration And Mining Total Current Assets?

Sable Exploration And Mining JSE:SXM Total Current Assets is R1.40 Mil as of Aug. 2024.

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. Sable Exploration And Mining's total current assets for the quarter that ended in Aug. 2024 was R1.40 Mil.

Sable Exploration And Mining  (JSE:SXM) 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.

Sable Exploration And Mining's Liquidation Value for the quarter that ended in Aug. 2024 is

Liquidation value
= Cash, Cash Equivalents, Marketable Securities-Total Liabilities+(0.75 * Accounts Receivable)+(0.5 * Total Inventories)
=0.614-6.203+0.75 * 0.79+0.5 * 0
=-5.00

* 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.

Sable Exploration And Mining Total Current Assets Related Terms

Sable Exploration And Mining Total Current Assets Historical Data

* Premium members only.

The historical data trend for Sable Exploration And Mining'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.

Sable Exploration And Mining Total Current Assets Chart

Sable Exploration And Mining Annual Data
Trend Feb15 Feb16 Feb17 Feb18 Feb19 Feb20 Feb21 Feb22 Feb23 Feb24
Total Current Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.71 2.06 0.40 5.39 8.35

Sable Exploration And Mining Semi-Annual Data
Feb15 Aug15 Feb16 Aug16 Feb17 Aug17 Feb18 Aug18 Feb19 Aug19 Feb20 Aug20 Feb21 Aug21 Feb22 Aug22 Feb23 Aug23 Feb24 Aug24
Total Current Assets Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.70 5.39 1.38 8.35 1.40

Sable Exploration And Mining 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.

Sable Exploration And Mining's Total Current Assets for the fiscal year that ended in Feb. 2024 is calculated as

Total Current Assets=Cash, Cash Equivalents, Marketable Securities+Total Receivables+Total Inventories+Other Current Assets
=3.186+4.499+0+0.669
=8.35

Sable Exploration And Mining's Total Current Assets for the quarter that ended in Aug. 2024 is calculated as

Total Current Assets=Cash, Cash Equivalents, Marketable Securities+Total Receivables+Total Inventories+Other Current Assets
=0.614+0.79+0+0
=1.40

* 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.

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.

Frequently Asked Questions Learn more about Total Current Assets →
What does a Total Current Assets of R1.40 Mil mean?
Sable Exploration And Mining (JSE:SXM) has a Total Current Assets of R1.40 Mil as of Aug. 2024. The total amount of assets with liquidity less than one year as recorded on a company's balance sheet. View historical data for Sable Exploration And Mining and its competitors.
Is Sable Exploration And Mining's Total Current Assets too high?
Sable Exploration And Mining's current Total Current Assets is R1.40 Mil.
How does Sable Exploration And Mining's Total Current Assets compare to HL?
Sable Exploration And Mining's Total Current Assets of R1.40 Mil can be compared against companies in the Metals & Mining industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Total Current Assets for a Metals & Mining company?
A good Total Current Assets depends on the Metals & Mining industry context. However, Total Current Assets should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Total Current Assets mean?
A high Total Current Assets can signal that a stock is expensive relative to its fundamentals. The total amount of assets with liquidity less than one year as recorded on a company's balance sheet. View historical data for Sable Exploration And Mining and its competitors. Sable Exploration And Mining's current Total Current Assets is R1.40 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sable Exploration And Mining stock overvalued right now?
Sable Exploration And Mining (JSE:SXM) has a current Total Current Assets of R1.40 Mil. The current Total Current Assets is R1.40 Mil. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Total Current Assets calculated?
Total Current Assets is calculated from a company's financial statements. For Sable Exploration And Mining (JSE:SXM), the current Total Current Assets is R1.40 Mil as of Aug. 2024. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Sable Exploration And Mining Business Description

Address 31 Imala Road, Building 4, Chistlehurston, Sandton, GT, ZAF, 2192
Sable Exploration And Mining Ltd is an investment and management company with trading subsidiaries engaged in the exploration, prospecting, development and mining of mineral resources.