Primech Holdings (Primech Holdings) Total Current Assets : $25.03 Mil (As of Sep. 2023)

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What is Primech Holdings Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. Primech Holdings's total current assets for the quarter that ended in Sep. 2023 was $25.03 Mil.

Primech Holdings Total Current Assets Historical Data

The historical data trend for Primech 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.

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Primech Holdings Total Current Assets Chart

Primech Holdings Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Total Current Assets

18.08

22.05

18.79

27.44

Primech Holdings Semi-Annual Data
	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Total Current Assets	Get a 7-Day Free Trial			21.34	18.79	22.85	27.44	25.03

Primech 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.

Primech Holdings's Total Current Assets for the fiscal year that ended in Mar. 2023 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	9.072	+	17.048	+	0.141	+	1.175
	=	27.44

Primech Holdings's Total Current Assets for the quarter that ended in Sep. 2023 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	8.685	+	14.924	+	0.053	+	1.364
	=	25.03

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.

Primech Holdings (NAS:PMEC) 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.

Primech Holdings's Liquidation Value for the quarter that ended in Sep. 2023 is

	Liquidation value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	8.685	-	30.502	+	0.75 * 13.692	+	0.5 * 0.053
=	-11.52

Primech Holdings Total Current Assets Related Terms

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Primech Holdings (Primech Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Primech Holdings Ltd (NAS:PMEC) » Definitions » Total Current Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

23 Ubi Crescent, Singapore, SGP, 408579

Website

https://www.primechholdings.com

Primech Holdings Ltd is a technology-driven facilities services provider in the public and private sectors operating mainly in Singapore. The services offered by the company include Facilities services, Stewarding services, Cleaning services to offices, Cleaning services to homes, and Cleaning Supplies.

Primech Holdings (Primech Holdings) Headlines

From GuruFocus

PRIMECH HOLDINGS LTD. Announces Pricing of US12.2 Million Initial Public Offering

By GlobeNewswire • 10-10-2023

PRIMECH HOLDINGS LTD. Announces Pricing of US12.2 Million Initial Public Offering

By Marketwired • 10-10-2023