Mila Resources (LSE:MILA) Total Current Assets : £1.00 Mil (As of Dec. 2024)

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What is Mila Resources Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. Mila Resources's total current assets for the quarter that ended in Dec. 2024 was £1.00 Mil.

Mila Resources Total Current Assets Historical Data

The historical data trend for Mila Resources'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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Mila Resources Total Current Assets Chart

Mila Resources Annual Data

Trend

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Total Current Assets

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0.30

0.35

1.12

0.58

1.45

Mila Resources Semi-Annual Data
	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Total Current Assets	Get a 7-Day Free Trial													0.87	0.58	1.81	1.45	1.00

Mila Resources 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.

Mila Resources's Total Current Assets for the fiscal year that ended in Jun. 2024 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	1.418	+	0.011	+	0	+	0.02
	=	1.45

Mila Resources's Total Current Assets for the quarter that ended in Dec. 2024 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	0.952	+	0.047	+	0	+	-0.001
	=	1.00

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.

Mila Resources (LSE:MILA) 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.

Mila Resources's Liquidation Value for the quarter that ended in Dec. 2024 is

	Liquidation value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	0.952	-	0.213	+	0.75 * 0.047	+	0.5 * 0
=	0.77

Mila Resources Total Current Assets Related Terms

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Mila Resources Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Mila Resources PLC (LSE:MILA) » Definitions » Total Current Assets

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Address

65 Gresham Street, 6th Floor, London, GBR, EC2V 7NQ

Website

https://www.milaresources.com

Mila Resources PLC is engaged in identifying potential companies, businesses, or assets that have operations in the natural resources exploration, development, and production sector. The principal activity of the Company was continued exploration and developments of the Kathleen Valley acreage. It includes three mining segments: Kathleen Lithium, Kathleen Gold, Queensland gold and copper.

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