Bowen Fintech (LSE:BWN) Total Current Assets : £1.65 Mil (As of Oct. 2023)

View and export this data going back to 2022. Start your Free Trial

What is Bowen Fintech Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. Bowen Fintech's total current assets for the quarter that ended in Oct. 2023 was £1.65 Mil.

Bowen Fintech Total Current Assets Historical Data

The historical data trend for Bowen Fintech'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.

* Premium members only.

Bowen Fintech Total Current Assets Chart

Bowen Fintech Annual Data

Trend

Apr22

Apr23

Total Current Assets

0.01

1.74

Bowen Fintech Semi-Annual Data
	Apr22	Oct22	Apr23	Oct23
Total Current Assets	0.01	2.01	1.74	1.65

Bowen Fintech 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.

Bowen Fintech's Total Current Assets for the fiscal year that ended in Apr. 2023 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	1.731	+	0.009	+	0	+	0
	=	1.74

Bowen Fintech's Total Current Assets for the quarter that ended in Oct. 2023 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	1.589	+	0.06	+	0	+	0
	=	1.65

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.

Bowen Fintech (LSE:BWN) 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.

Bowen Fintech's Liquidation Value for the quarter that ended in Oct. 2023 is

	Liquidation value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	1.589	-	0.017	+	0.75 * 0	+	0.5 * 0
=	1.57

Bowen Fintech Total Current Assets Related Terms

Thank you for viewing the detailed overview of Bowen Fintech's Total Current Assets provided by GuruFocus.com. Please click on the following links to see related term pages.

Bowen Fintech (LSE:BWN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Bowen Fintech PLC (LSE:BWN) » Definitions » Total Current Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

C/o Ince Gordon Dadds LLP, 2 Leman Street, Aldgate Tower, London, GBR, E1 8QN

Website

https://www.ukbowen.com

Bowen Fintech PLC objective is to undertake an acquisition of a target company or asset in the technology innovations sector with a particular focus on the financial services industry.