Phoenix IT Group (LSE:PNX) Total Current Assets : £68.2 Mil (As of Mar. 2015)

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What is Phoenix IT Group Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. Phoenix IT Group's total current assets for the quarter that ended in Mar. 2015 was £68.2 Mil.

Phoenix IT Group Total Current Assets Historical Data

The historical data trend for Phoenix IT 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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Phoenix IT Group Total Current Assets Chart

Phoenix IT Group Annual Data

Trend

Mar06

Mar07

Mar08

Mar09

Mar10

Mar11

Mar12

Mar13

Mar14

Mar15

Total Current Assets

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88.40

91.80

93.50

91.50

68.20

Phoenix IT Group Semi-Annual Data
	Sep05	Mar06	Sep06	Mar07	Sep07	Mar08	Sep08	Mar09	Sep09	Mar10	Sep10	Mar11	Sep11	Mar12	Sep12	Mar13	Sep13	Mar14	Sep14	Mar15
Total Current Assets	Get a 7-Day Free Trial															93.50	73.40	91.50	74.20	68.20

Phoenix IT 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.

Phoenix IT Group's Total Current Assets for the fiscal year that ended in Mar. 2015 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	21.4	+	25.6	+	5.2	+	16
	=	68.2

Phoenix IT Group's Total Current Assets for the quarter that ended in Mar. 2015 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	21.4	+	25.6	+	5.2	+	16
	=	68.2

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.

Phoenix IT Group (LSE:PNX) 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.

Phoenix IT Group's Liquidation Value for the quarter that ended in Mar. 2015 is

	Liquidation value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	21.4	-	160.6	+	0.75 * 25.6	+	0.5 * 5.2
=	-117.4

Phoenix IT Group Total Current Assets Related Terms

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Phoenix IT Group (LSE:PNX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Phoenix IT Group PLC (LSE:PNX) » Definitions » Total Current Assets

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Address

Website

http://www.phoenixitgroup.com

Phoenix IT Group PLC was incorporated on December 04, 1997. The Company provides managed IT infrastructure support services, including systems management, hosting, network infrastructure services, high-touch field services, project & consultancy services, business continuity and business availability services. The Company operates in three business segments: Business Continuity, Managed Services, and Partner. The Business continuity is engaged in the provision of business continuity and IT disaster recovery services. In partner segment, the Company is engaged in the provision of information technology services, networking support and infrastructure services; and Managed Services is engaged in the provision of information technology services and systems. The Company's operations are based entirely in the UK.