PHCFF (Puhui Wealth Investment Management Co) Total Current Assets : $3.37 Mil (As of Dec. 2021)

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What is Puhui Wealth Investment Management Co Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. Puhui Wealth Investment Management Co's total current assets for the quarter that ended in Dec. 2021 was $3.37 Mil.

Puhui Wealth Investment Management Co Total Current Assets Historical Data

The historical data trend for Puhui Wealth Investment Management Co'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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Puhui Wealth Investment Management Co Total Current Assets Chart

Puhui Wealth Investment Management Co Annual Data

Trend

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Total Current Assets

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1.12

9.81

8.72

5.36

3.25

Puhui Wealth Investment Management Co Semi-Annual Data
	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21
Total Current Assets	Get a 7-Day Free Trial							7.03	5.36	4.96	3.25	3.37

Puhui Wealth Investment Management Co 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.

Puhui Wealth Investment Management Co's Total Current Assets for the fiscal year that ended in Jun. 2021 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	0.976	+	1.276	+	0	+	1
	=	3.25

Puhui Wealth Investment Management Co's Total Current Assets for the quarter that ended in Dec. 2021 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	1.35	+	1.071	+	0	+	0.946
	=	3.37

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.

Puhui Wealth Investment Management Co (OTCPK:PHCFF) 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.

Puhui Wealth Investment Management Co's Liquidation Value for the quarter that ended in Dec. 2021 is

	Liquidation value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	1.35	-	4.883	+	0.75 * 0.005	+	0.5 * 0
=	-3.53

Puhui Wealth Investment Management Co Total Current Assets Related Terms

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Puhui Wealth Investment Management Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Puhui Wealth Investment Management Co Ltd (OTCPK:PHCFF) » Definitions » Total Current Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.1 Chang An Street, Room 801, 802, 8th Floor, W1 Office Building, Oriental Commerce Tower, Dong Cheng District, Beijing, CHN, 100006

Website

https://www.puhuiwealth.com

Puhui Wealth Investment Management Co Ltd is a third-party wealth management service provider. The company is focused on the marketing of financial products, and managing funds for individuals and corporate clients. It generates its revenue from the commissions and recurring service fees generated through wealth management product-related services.