Ardova (NSA:ARDOVA) Total Current Assets : ₦77,790 Mil (As of Jun. 2022)

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What is Ardova Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. Ardova's total current assets for the quarter that ended in Jun. 2022 was ₦77,790 Mil.

Ardova Total Current Assets Historical Data

The historical data trend for Ardova'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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Ardova Total Current Assets Chart

Ardova Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Total Current Assets

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76,018.59

49,591.08

32,126.61

46,080.93

80,675.01

Ardova Quarterly Data
	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22
Total Current Assets	Get a 7-Day Free Trial															51,483.85	51,850.20	80,675.01	79,602.13	77,790.29

Ardova 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.

Ardova's Total Current Assets for the fiscal year that ended in Dec. 2021 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	19233.93	+	15724.542	+	21792.478	+	23924.058
	=	80,675

Ardova's Total Current Assets for the quarter that ended in Jun. 2022 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	12630.048	+	14719.474	+	24782.775	+	25657.997
	=	77,790

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.

Ardova (NSA:ARDOVA) 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.

Ardova's Liquidation Value for the quarter that ended in Jun. 2022 is

	Liquidation value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	12630.048	-	110780.671	+	0.75 * 7307.451	+	0.5 * 24782.775
=	-80,279

Ardova Total Current Assets Related Terms

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Ardova Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Ardova PLC (NSA:ARDOVA) » Definitions » Total Current Assets

Comparable Companies

Traded in Other Exchanges

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Address

1, AP/Conoil Road, Ijora-Apapa, Lagos, NGA

Website

http://www.ardovaplc.com

Ardova PLC integrated energy company in Nigeria involved in the marketing of petroleum products. The company also provides aircraft refueling operations at its Aviation Joint User's hydrants in Ikeja and Joint Aviation depots in Abuja, Port Harcourt, and Kano as a provider of aviation fuel for local and international airlines. It also procures and markets Liquefied Petroleum Gas. It manufactures and distributes a wide range of quality lubricants, which include Super V, Visco 2000, and Diesel Motor Oil from its lubricating oil blending plant at its Apapa terminal in Lagos. The company is the sole authorized distributor of Shell Engine Oils and Lubricants for the Nigerian market. the company is also into renewable energy.

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