NICH (Nitches) Total Current Assets: $0.06 Mil (As of Aug. 2024)


NICH Nitches Inc NICH
12 GF Score
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What is Nitches Total Current Assets?

Nitches NICH +30.00% 12 Total Current Assets is $0.06 Mil as of Aug. 2024. GuruFocus rates NICH with a GF Score™ of 12/100.

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. Nitches's total current assets for the quarter that ended in Aug. 2024 was $0.06 Mil.

Nitches  (OTCPK:NICH) 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.

Nitches's Liquidation Value for the quarter that ended in Aug. 2024 is

Liquidation value
= Cash, Cash Equivalents, Marketable Securities-Total Liabilities+(0.75 * Accounts Receivable)+(0.5 * Total Inventories)
=0.06-2.332+0.75 * 0+0.5 * 0
=-2.27

* 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.

Nitches Total Current Assets Related Terms

Nitches Total Current Assets Historical Data

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The historical data trend for Nitches'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.

Nitches Total Current Assets Chart

Nitches Annual Data
Trend Aug01 Aug02 Aug03 Aug04 Aug05 Aug06 Aug07 Aug22 Aug23 Aug24
Total Current Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 24.43 28.75 0.20 0.14 0.06

Nitches Quarterly Data
May06 Aug06 Nov06 Feb07 May07 Aug07 Nov07 Feb08 May08 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24
Total Current Assets Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.14 0.15 0.14 0.19 0.06
NICH
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Nitches Inc NICH
Total Current Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Nitches 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.

Nitches's Total Current Assets for the fiscal year that ended in Aug. 2024 is calculated as

Total Current Assets=Cash, Cash Equivalents, Marketable Securities+Total Receivables+Total Inventories+Other Current Assets
=0.06+0+0+0.002
=0.06

Nitches's Total Current Assets for the quarter that ended in Aug. 2024 is calculated as

Total Current Assets=Cash, Cash Equivalents, Marketable Securities+Total Receivables+Total Inventories+Other Current Assets
=0.06+0+0+0.002
=0.06

* 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.

Frequently Asked Questions Learn more about Total Current Assets →
What does a Total Current Assets of $0.06 Mil mean?
Nitches (NICH) has a Total Current Assets of $0.06 Mil as of Aug. 2024. The total amount of assets with liquidity less than one year as recorded on a company's balance sheet. View historical data for Nitches and its competitors.
Is Nitches' Total Current Assets too high?
Nitches' current Total Current Assets is $0.06 Mil. Overall, Nitches has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does Nitches' Total Current Assets compare to DLAPQ and RL?
Nitches' Total Current Assets of $0.06 Mil can be compared against companies in the Manufacturing - Apparel & Accessories industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Total Current Assets for a Manufacturing - Apparel & Accessories company?
A good Total Current Assets depends on the Manufacturing - Apparel & Accessories industry context. However, Total Current Assets should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Total Current Assets mean?
A high Total Current Assets can signal that a stock is expensive relative to its fundamentals. The total amount of assets with liquidity less than one year as recorded on a company's balance sheet. View historical data for Nitches and its competitors. Nitches's current Total Current Assets is $0.06 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nitches stock overvalued right now?
Nitches (NICH) has a current Total Current Assets of $0.06 Mil. The current Total Current Assets is $0.06 Mil. Nitches' overall GF Score™ is 12/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Total Current Assets calculated?
Total Current Assets is calculated from a company's financial statements. For Nitches (NICH), the current Total Current Assets is $0.06 Mil as of Aug. 2024. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Nitches Business Description

Address 1333 North Buffalo Drive, Unit 210, Las Vegas, NV, USA, 89128
Nitches Inc is a company engaged in the production and distribution of household goods, lifestyle products, travel and leisure items, sports goods, and clothing. The company works with retailers to develop clothing lines and also develops its own lines under multiple registered trademarks. Majority of its clothing products are manufactured overseas and imported in bulk for sorting, packing, and distribution in the United States. Nitches serves a wide retail network, including department stores and specialty retailers, and generates revenue prominently through wholesale distribution of its apparel and related goods. The company white-labels its manufactured products under the brand names of Social Media Partners and distributes them in an online department store.
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