The Joint (The Joint) Total Current Assets : $44.3 Mil (As of Dec. 2023)

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What is The Joint Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. The Joint's total current assets for the quarter that ended in Dec. 2023 was $44.3 Mil.

The Joint Total Current Assets Historical Data

The historical data trend for The Joint'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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The Joint Total Current Assets Chart

The Joint Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Current Assets

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13.30

25.35

26.89

17.61

44.34

The Joint Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Total Current Assets	Get a 7-Day Free Trial															17.61	23.56	22.57	28.43	44.34

The Joint 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.

The Joint'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
	=	18.154	+	3.719	+	0	+	22.463
	=	44.3

The Joint's Total Current Assets for the quarter that ended in Dec. 2023 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	18.154	+	3.719	+	0	+	22.463
	=	44.3

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.

The Joint (NAS:JYNT) 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.

The Joint's Liquidation Value for the quarter that ended in Dec. 2023 is

	Liquidation value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	18.154	-	62.379	+	0.75 * 3.719	+	0.5 * 0
=	-41.4

The Joint Total Current Assets Related Terms

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The Joint (The Joint) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » The Joint Corp (NAS:JYNT) » Definitions » Total Current Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

16767 North Perimeter Drive, Suite 110, Scottsdale, AZ, USA, 85260

Website

https://www.thejoint.com

The Joint Corp develops, owns, operates, supports, and manages chiropractic clinics through direct ownership, management arrangements, franchising, and the sale of regional developer rights throughout the United States. The doctors of chiropractic develop personalized treatment plans to relieve patients' pain and deliver ongoing preventative care. The Company has two operating business segments; the Corporate Clinics segment is comprised of the operating activities of the company-owned or managed clinics, and The Franchise Operations segment is comprised of the operating activities of the franchise business unit. The company generates maximum revenue from the Corporate clinic's segment.

Executives

Bandera Partners Llc	10 percent owner	50 BROAD STREET, SUITE 1820, NEW YORK NY 10004
Peter D Holt	officer: Chief Operating Officer	16767 N. PERIMETER DR., SUITE 240, SCOTTSDALE AZ 85260
Jake Singleton	officer: Chief Financial Officer	16767 NORTH PERIMETER DRIVE, SUITE 240, SCOTTSDALE AZ 85260
Ronald V Davella	director	2600 E SOUTHLAKE BLVD., STE 120-359, SOUTHLAKE TX 76092
Glenn J Krevlin	10 percent owner	600 FIFTH AVE, 11TH FL, NEW YORK NY 10020
Matthew E Rubel	director	3231 SE SIXTH AVENUE, TOPEKA KS 66607
Gregory Bylinsky	10 percent owner	C/O BANDERA PARTNERS LLC, 50 BROAD STREET, SUITE 1820, NEW YORK NY 10004
Jefferson Gramm	10 percent owner	C/O BANDERA PARTNERS LLC, 50 BROAD STREET, SUITE 1820, NEW YORK NY 10004
Amos James H. Jr	director	16767 N. PERIMETER DR., STE. 240, SCOTTSDALE AZ 85260
John P Meloun	officer: Chief Financial Officer	16767 N. PERIMETER DR., STE. 240, SCOTTSDALE AZ 85260
Abe Hong	director	16767 NORTH PERIMETER DRIVE, SUITE 240, SCOTTSDALE AZ 85260
Glenhill Advisors Llc	10 percent owner	600 FIFTH AVE, 11TH FL, NEW YORK NY 10020
Suzanne M Decker	director	16767 NORTH PERIMETER DRIVE, SUITE 240, SCOTTSDALE AZ 85260
Bret Sanders	director	16767 N. PERIMETER DR., STE. 240, SCOTTSDALE AZ 85260
David M Orwasher	officer: President and COO	242 W 36TH ST, NEW YORK NY 10018