Riviera Tool Co (Riviera Tool Co) Total Current Assets : $10.39 Mil (As of Nov. 2006)

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What is Riviera Tool Co Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. Riviera Tool Co's total current assets for the quarter that ended in Nov. 2006 was $10.39 Mil.

Riviera Tool Co Total Current Assets Historical Data

The historical data trend for Riviera Tool 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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Riviera Tool Co Total Current Assets Chart

Riviera Tool Co Annual Data

Trend

Aug97

Aug98

Aug99

Aug00

Aug01

Aug02

Aug03

Aug04

Aug05

Aug06

Total Current Assets

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9.66

19.76

14.22

9.01

11.12

Riviera Tool Co Quarterly Data
	Feb02	May02	Aug02	Nov02	Feb03	May03	Aug03	Nov03	Feb04	May04	Aug04	Nov04	Feb05	May05	Aug05	Nov05	Feb06	May06	Aug06	Nov06
Total Current Assets	Get a 7-Day Free Trial															10.24	11.99	12.61	11.12	10.39

Riviera Tool 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.

Riviera Tool Co's Total Current Assets for the fiscal year that ended in Aug. 2006 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	0.161	+	10.382	+	0.25	+	0.331
	=	11.12

Riviera Tool Co's Total Current Assets for the quarter that ended in Nov. 2006 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	0.51	+	9.311	+	0.25	+	0.319
	=	10.39

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.

Riviera Tool Co (OTCPK:RIVT) 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.

Riviera Tool Co's Liquidation Value for the quarter that ended in Nov. 2006 is

	Liquidation value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	0.51	-	18.204	+	0.75 * 9.311	+	0.5 * 0.25
=	-10.59

Riviera Tool Co Total Current Assets Related Terms

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Riviera Tool Co (Riviera Tool Co) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Riviera Tool Co (OTCPK:RIVT) » Definitions » Total Current Assets

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Address

5460 Executive Parkway S.E., Grand Rapids, MI, USA, 49512

Website

http://www.rivieratool.com

Riviera Tool Co designs and manufactures large stamping die systems used to form sheet metal parts. These systems are used by automobile manufacturers to produce automobile and truck body parts such as roofs, hoods, fenders, doors, door frames, structural components, and bumpers. The company's customers include major automobile manufacturers.

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