Prestige Wealth (Prestige Wealth) Total Current Assets : $6.65 Mil (As of Sep. 2023)

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What is Prestige Wealth Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. Prestige Wealth's total current assets for the quarter that ended in Sep. 2023 was $6.65 Mil.

Prestige Wealth Total Current Assets Historical Data

The historical data trend for Prestige Wealth'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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Prestige Wealth Total Current Assets Chart

Prestige Wealth Annual Data

Trend

Sep20

Sep21

Sep22

Sep23

Total Current Assets

6.77

4.46

6.00

6.65

Prestige Wealth Semi-Annual Data
	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Total Current Assets	Get a 7-Day Free Trial			4.46	5.79	6.00	5.93	6.65

Prestige Wealth 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.

Prestige Wealth's Total Current Assets for the fiscal year that ended in Sep. 2023 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	0.431	+	5.742	+	0	+	0.481
	=	6.65

Prestige Wealth'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
	=	0.431	+	5.742	+	0	+	0.481
	=	6.65

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.

Prestige Wealth (NAS:PWM) 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.

Prestige Wealth'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)
=	0.431	-	0.681	+	0.75 * 0.273	+	0.5 * 0
=	-0.05

Prestige Wealth Total Current Assets Related Terms

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Prestige Wealth (Prestige Wealth) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Prestige Wealth Inc (NAS:PWM) » Definitions » Total Current Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

2 Queen’s Road Central, Suite 5102, 51th Floor, Cheung Kong Center, Hong Kong, HKG

Website

https://www.prestigewm.hk

Prestige Wealth Inc is engaged in providing private wealth management services and asset management to high-net-worth and ultra-high-net-worth individuals and enterprises through its subsidiaries.

Prestige Wealth (Prestige Wealth) Headlines

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