Magnolia Petroleum (LSE:MAGP) Total Current Assets: £0.60 Mil (As of Jun. 2017)


What is Magnolia Petroleum Total Current Assets?

Magnolia Petroleum LSE:MAGP +50.00% Total Current Assets is £0.60 Mil as of Jun. 2017. The stock has 6 warning signs investors should review.

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. Magnolia Petroleum's total current assets for the quarter that ended in Jun. 2017 was £0.60 Mil.

Magnolia Petroleum  (LSE:MAGP) 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.

Magnolia Petroleum's Liquidation Value for the quarter that ended in Jun. 2017 is

Liquidation value
= Cash, Cash Equivalents, Marketable Securities-Total Liabilities+(0.75 * Accounts Receivable)+(0.5 * Total Inventories)
=0.235-3.24+0.75 * 0+0.5 * 0
=-3.01

* 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.

Magnolia Petroleum Total Current Assets Related Terms

Magnolia Petroleum Total Current Assets Historical Data

* Premium members only.

The historical data trend for Magnolia Petroleum'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.

Magnolia Petroleum Total Current Assets Chart

Magnolia Petroleum Annual Data
Trend Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16
Total Current Assets
Get a 7-Day Free Trial Premium Member Only 1.55 0.85 0.91 0.73 0.68

Magnolia Petroleum Semi-Annual Data
Dec11 Jun12 Dec12 Jun13 Dec13 Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17
Total Current Assets Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.57 0.73 0.70 0.68 0.60

Magnolia Petroleum 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.

Magnolia Petroleum's Total Current Assets for the fiscal year that ended in Dec. 2016 is calculated as

Total Current Assets=Cash, Cash Equivalents, Marketable Securities+Total Receivables+Total Inventories+Other Current Assets
=0.193+0.355+0+0.134
=0.68

Magnolia Petroleum's Total Current Assets for the quarter that ended in Jun. 2017 is calculated as

Total Current Assets=Cash, Cash Equivalents, Marketable Securities+Total Receivables+Total Inventories+Other Current Assets
=0.235+0+0+0.366
=0.60

* 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 £0.60 Mil mean?
Magnolia Petroleum (LSE:MAGP) has a Total Current Assets of £0.60 Mil as of Jun. 2017. The total amount of assets with liquidity less than one year as recorded on a company's balance sheet. View historical data for Magnolia Petroleum and its competitors.
Is Magnolia Petroleum's Total Current Assets too high?
Magnolia Petroleum's current Total Current Assets is £0.60 Mil.
How does Magnolia Petroleum's Total Current Assets compare to VNRRQ and GBEYF?
Magnolia Petroleum's Total Current Assets of £0.60 Mil can be compared against companies in the Oil & Gas 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 an Oil & Gas company?
A good Total Current Assets depends on the Oil & Gas 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 Magnolia Petroleum and its competitors. Magnolia Petroleum's current Total Current Assets is £0.60 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Magnolia Petroleum stock overvalued right now?
Magnolia Petroleum (LSE:MAGP) has a current Total Current Assets of £0.60 Mil. The current Total Current Assets is £0.60 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 Magnolia Petroleum (LSE:MAGP), the current Total Current Assets is £0.60 Mil as of Jun. 2017. 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.

Magnolia Petroleum Business Description

Industry EnergyOil & Gas
Address 19-21 Crawford Street, Suite 321, London, GBR, W1H 1PJ
Magnolia Petroleum PLC is an oil and gas production company. The company focuses on the acquisition, exploitation, and development of oil and gas properties located onshore in the United States. It has a diverse portfolio of revenue-generating assets including leases on the highly productive Bakken/Three Forks Sanish Formation in North Dakota and the proven Mississippi Lime and Woodford/Hunton oil formations in Oklahoma. It operates in two geographical areas, the United Kingdom and the United States of America.