Red Sea International Co (SAU:4230) Total Current Assets : ﷼1,375 Mil (As of Mar. 2024)

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What is Red Sea International Co Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. Red Sea International Co's total current assets for the quarter that ended in Mar. 2024 was ﷼1,375 Mil.

Red Sea International Co Total Current Assets Historical Data

The historical data trend for Red Sea International 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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Red Sea International Co Total Current Assets Chart

Red Sea International Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Current Assets

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538.08

489.97

477.03

401.63

1,386.73

Red Sea International Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Total Current Assets	Get a 7-Day Free Trial															356.75	377.33	579.97	1,386.73	1,375.30

Red Sea International 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.

Red Sea International Co's Total Current Assets for the fiscal year that ended in Dec. 2023 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	157.635	+	641.277	+	43.936	+	543.883
	=	1,387

Red Sea International Co's Total Current Assets for the quarter that ended in Mar. 2024 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	79.114	+	820.468	+	57.051	+	418.665
	=	1,375

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.

Red Sea International Co (SAU:4230) 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.

Red Sea International Co's Liquidation Value for the quarter that ended in Mar. 2024 is

	Liquidation value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	79.114	-	2166.594	+	0.75 * 307.539	+	0.5 * 57.051
=	-1,828

Red Sea International Co Total Current Assets Related Terms

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Red Sea International Co (SAU:4230) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Red Sea International Co (SAU:4230) » Definitions » Total Current Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

Airport street, Riyadh Front, P.O Box 9371, Al-Rimal District, Riyadh, SAU, 21431

Website

https://www.redseahousing.com

Red Sea International Co provides modular living and working environments for industrial and residential communities. It provides civil contracting for commercial and residential buildings; offers real estate property investment and development; production of paints, coatings, construction machinery, and equipment; repair and maintenance services. The company has three reportable segments: Non-concrete residential and commercial buildings being the highest revenue driver; Rentals from investment properties; Paints and related services. It has a presence in Saudi Arabia, Ghana, United Arab Emirates, Papua New Guinea, Algeria, and others.

Red Sea International Co (SAU:4230) Headlines

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