Vividend Management Group (JSE:VIF) Total Current Assets : R120.0 Mil (As of Feb. 2014)

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What is Vividend Management Group Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. Vividend Management Group's total current assets for the quarter that ended in Feb. 2014 was R120.0 Mil.

Vividend Management Group Total Current Assets Historical Data

The historical data trend for Vividend Management Group'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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Vividend Management Group Total Current Assets Chart

Vividend Management Group Annual Data

Trend

Aug11

Aug12

Aug13

Total Current Assets

56.11

95.26

240.35

Vividend Management Group Semi-Annual Data
	Feb11	Feb12	Feb13	Feb14
Total Current Assets	394,319.12	465.36	86.52	120.00

Vividend Management Group 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.

Vividend Management Group's Total Current Assets for the fiscal year that ended in Aug. 2013 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	171.803	+	0	+	0	+	68.543
	=	240.3

Vividend Management Group's Total Current Assets for the quarter that ended in Feb. 2014 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	80.698	+	0	+	0	+	39.305
	=	120.0

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.

Vividend Management Group (JSE:VIF) 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.

Vividend Management Group's Liquidation Value for the quarter that ended in Feb. 2014 is

	Liquidation value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	80.698	-	2291.225	+	0.75 * 0	+	0.5 * 0
=	-2,210.5

Vividend Management Group Total Current Assets Related Terms

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Vividend Management Group (JSE:VIF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Vividend Management Group (JSE:VIF) » Definitions » Total Current Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

http://www.vividend.co.za

Vividend Management Group was incorporated on 17 February 2010. It is a real estate investment trust ( REIT). The Company's portfolio consists of investments in assets and opportunities within the various property sectors in South Africa and abroad with primary focus on the retail, commercial, industrial and office sectors. The Company own a portfolio of 22 properties providing 223 444 square metres of retail and commercial space.

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