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MGIH (Millennium Group International Holdings) Total Current Assets : $27.77 Mil (As of Jun. 2024)


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What is Millennium Group International Holdings Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. Millennium Group International Holdings's total current assets for the quarter that ended in Jun. 2024 was $27.77 Mil.

Millennium Group International Holdings Total Current Assets Historical Data

The historical data trend for Millennium Group International Holdings'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.

Millennium Group International Holdings Total Current Assets Chart

Millennium Group International Holdings Annual Data
Trend Jun21 Jun22 Jun23 Jun24
Total Current Assets
52.48 48.27 44.45 27.77

Millennium Group International Holdings Semi-Annual Data
Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
Total Current Assets Get a 7-Day Free Trial 48.27 44.59 44.45 41.87 27.77

Millennium Group International Holdings 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.

Millennium Group International Holdings'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
=13.347+9.811+3.715+0.893
=27.77

Millennium Group International Holdings's Total Current Assets for the quarter that ended in Jun. 2024 is calculated as

Total Current Assets=Cash, Cash Equivalents, Marketable Securities+Total Receivables+Total Inventories+Other Current Assets
=13.347+9.811+3.715+0.893
=27.77

* 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.

Millennium Group International Holdings  (NAS:MGIH) 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.

Millennium Group International Holdings's Liquidation Value for the quarter that ended in Jun. 2024 is

Liquidation value
= Cash, Cash Equivalents, Marketable Securities-Total Liabilities+(0.75 * Accounts Receivable)+(0.5 * Total Inventories)
=13.347-12.591+0.75 * 9.463+0.5 * 3.715
=9.71

* 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.

Millennium Group International Holdings Total Current Assets Related Terms

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Millennium Group International Holdings Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Millennium Group International Holdings Ltd (NAS:MGIH) » Definitions » Total Current Assets
Comparable Companies
DSS YHGJ OCTO IP SW PKG BALL AMCR AVY CCK TSX:CCL.A BERY GPK XSWX:SIGN SLGN REYN SON SEE XPAR:VRLA OHEL:HUH1V
Traded in Other Exchanges
N/A
Address
Flat B-C, 1st Floor, Wang Kwong Industrial Buiding, 45 Hung To Road, Kwun Tong, Kowloon, Hong Kong, HKG, 999077
Website
https://www.millennium-gp.com
Millennium Group International Holdings Ltd is a paper-based packaging solutions supplier. It offers paper-based inner and outer packaging products which can be broadly categorized into packaging products, Packaging products supply chain management solutions and corrugated products.

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