POOSF (Poseidon Concepts) Total Current Assets: $142.9 Mil (As of Sep. 2012)

What is Poseidon Concepts Total Current Assets?

Poseidon Concepts POOSF -90.00% Total Current Assets is $142.9 Mil as of Sep. 2012.

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. Poseidon Concepts's total current assets for the quarter that ended in Sep. 2012 was $142.9 Mil.

Poseidon Concepts (OTCPK:POOSF) 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.

Poseidon Concepts's Liquidation Value for the quarter that ended in Sep. 2012 is

	Liquidation value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	3.538	-	96.377	+	0.75 * 128.3	+	0.5 * 6.651
=	6.7

* 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.

Poseidon Concepts Total Current Assets Related Terms

Poseidon Concepts Total Current Assets Historical Data

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The historical data trend for Poseidon Concepts's Total Current Assets can be seen below:

Poseidon Concepts Total Current Assets Chart

Poseidon Concepts Annual Data

Trend

Dec05

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Total Current Assets

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9.40

16.17

11.58

12.07

56.23

Poseidon Concepts Quarterly Data
	Dec05	Dec06	Dec07	Dec08	Dec09	Mar10	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12
Total Current Assets	Get a 7-Day Free Trial											43.86	56.23	90.23	135.90	142.95

Poseidon Concepts 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.

Poseidon Concepts's Total Current Assets for the fiscal year that ended in Dec. 2011 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	0	+	52.364	+	2.79	+	1.08
	=	56.2

Poseidon Concepts's Total Current Assets for the quarter that ended in Sep. 2012 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	3.538	+	128.3	+	6.651	+	4.459
	=	142.9

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 $142.9 Mil mean?

Poseidon Concepts (POOSF) has a Total Current Assets of $142.9 Mil as of Sep. 2012. The total amount of assets with liquidity less than one year as recorded on a company's balance sheet. View historical data for Poseidon Concepts and its competitors.

Is Poseidon Concepts' Total Current Assets too high?

Poseidon Concepts' current Total Current Assets is $142.9 Mil.

How does Poseidon Concepts' Total Current Assets compare to FLSS and BRS?

Poseidon Concepts' Total Current Assets of $142.9 Mil can be compared against companies in the Oil & Gas 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 an Oil & Gas company?

A good Total Current Assets depends on the Oil & Gas 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 Poseidon Concepts and its competitors. Poseidon Concepts's current Total Current Assets is $142.9 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Poseidon Concepts stock overvalued right now?

Poseidon Concepts (POOSF) has a current Total Current Assets of $142.9 Mil. The current Total Current Assets is $142.9 Mil. 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 Poseidon Concepts (POOSF), the current Total Current Assets is $142.9 Mil as of Sep. 2012. 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.

Poseidon Concepts Business Description

Industry Energy Oil & Gas

Comparable Companies XKLS:7206 FLSS XKLS:7253 HSTC:PVC TSX:MCB TSXV:MXX XKLS:5078 LSE:GTC BRS GWTI LSE:THAL ISX:MIRA SAEX WAR:PBG ISX:RUIS XKLS:7251 KUW:SENERGY RCON ASX:VMX PROP

Address 645 - 7th Avenue SW, Suite 1200, Calgary, AB, CAN, T2P 4G8

Website http://www.poseidonconcepts.com

Poseidon Concepts Corp is a customer-focused provider of safe fluid handling solutions to the oil and natural gas sector across North America.