Magis SpA (MIL:MGS) Total Current Assets : €39.08 Mil (As of Dec. 2022)

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What is Magis SpA Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. Magis SpA's total current assets for the quarter that ended in Dec. 2022 was €39.08 Mil.

Magis SpA Total Current Assets Historical Data

The historical data trend for Magis SpA'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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Magis SpA Total Current Assets Chart

Magis SpA Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Total Current Assets

25.99

34.86

39.08

46.34

Magis SpA Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Dec23
Total Current Assets	Get a 7-Day Free Trial			-	34.86	44.92	39.08	46.34

Magis SpA 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.

Magis SpA's Total Current Assets for the fiscal year that ended in Dec. 2023 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	17.101	+	16.086	+	11.822	+	1.331
	=	46.34

Magis SpA's Total Current Assets for the quarter that ended in Dec. 2022 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	10.912	+	14.52	+	11.693	+	1.953
	=	39.08

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.

Magis SpA (MIL:MGS) 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.

Magis SpA's Liquidation Value for the quarter that ended in Dec. 2022 is

	Liquidation value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	10.912	-	34.386	+	0.75 * 13.817	+	0.5 * 11.693
=	-7.26

Magis SpA Total Current Assets Related Terms

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Magis SpA (MIL:MGS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Magis SpA (MIL:MGS) » Definitions » Total Current Assets

Comparable Companies

Traded in Other Exchanges

ZF6:Germany

Address

Via Ponte Cerretano, 24, Cerreto Guidi, Florence, ITA, 50050

Website

http://www.magis.it

Magis SpA engages in the production of customized adhesive tapes, packaging products, and closure systems for disposable nappies and adult incontinence products. Its products comprise Bopp tapes, Bopet tapes, Duct tapes, Crepe tapes, and Mopp tapes.

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