Lizhan Environmental (Lizhan Environmental) Total Current Assets : $28.15 Mil (As of Mar. 2012)

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What is Lizhan Environmental Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. Lizhan Environmental's total current assets for the quarter that ended in Mar. 2012 was $28.15 Mil.

Lizhan Environmental Total Current Assets Historical Data

The historical data trend for Lizhan Environmental'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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Lizhan Environmental Total Current Assets Chart

Lizhan Environmental Annual Data

Trend

Sep08

Sep09

Sep10

Sep11

Total Current Assets

6.51

11.40

18.13

26.05

Lizhan Environmental Quarterly Data
	Sep08	Jun09	Sep09	Dec09	Mar10	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11	Mar12
Total Current Assets	Get a 7-Day Free Trial							27.67	24.40	28.77	26.05	28.15

Lizhan Environmental 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.

Lizhan Environmental's Total Current Assets for the fiscal year that ended in Sep. 2011 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	1.231	+	7.489	+	13.009	+	4.324
	=	26.05

Lizhan Environmental's Total Current Assets for the quarter that ended in Mar. 2012 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	0.503	+	5.607	+	16.643	+	5.4
	=	28.15

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.

Lizhan Environmental (OTCPK:LZENF) 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.

Lizhan Environmental's Liquidation Value for the quarter that ended in Mar. 2012 is

	Liquidation value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	0.503	-	41.172	+	0.75 * 4.191	+	0.5 * 16.643
=	-29.20

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Lizhan Environmental (Lizhan Environmental) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Lizhan Environmental Corp (OTCPK:LZENF) » Definitions » Total Current Assets

Traded in Other Exchanges

N/A

Address

No. 716, Qifu Road, Wutong Street, Tongxiang, Zhejiang Province, CHN, 314500

Website

http://gb.lzencorp.com/

Lizhan Environmental Corp manufactures, distributes and markets synthetic leather and other fabrics from recycled leather waste, among other materials. It's products used in the production of residential and office furniture, garments, automotive upholstery products, and various consumer applications. It sells domestically in China and export to distributors and manufacturers in the United States and other foreign countries.

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