Smartgroup (Smartgroup) Total Current Assets : $65.6 Mil (As of Dec. 2023)

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What is Smartgroup Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. Smartgroup's total current assets for the quarter that ended in Dec. 2023 was $65.6 Mil.

Smartgroup Total Current Assets Historical Data

The historical data trend for Smartgroup'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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Smartgroup Total Current Assets Chart

Smartgroup Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Current Assets

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92.10

70.84

72.37

57.77

65.57

Smartgroup Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Total Current Assets	Get a 7-Day Free Trial														72.37	70.38	57.77	57.25	65.57

Smartgroup 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.

Smartgroup'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
	=	21.95	+	13.345	+	0	+	30.279
	=	65.6

Smartgroup's Total Current Assets for the quarter that ended in Dec. 2023 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	21.95	+	13.345	+	0	+	30.279
	=	65.6

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.

Smartgroup (OTCPK:STGXF) 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.

Smartgroup's Liquidation Value for the quarter that ended in Dec. 2023 is

	Liquidation value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	21.95	-	116.268	+	0.75 * 7.549	+	0.5 * 0
=	-88.7

Smartgroup Total Current Assets Related Terms

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Smartgroup (Smartgroup) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Smartgroup Corporation Ltd (OTCPK:STGXF) » Definitions » Total Current Assets

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SIQ:Australia

Address

133 Castlereagh Street, National Head Office, Level 8, Sydney, NSW, AUS, 2000

Website

http://www.smartgroup.com.au

Smartgroup Corporation is an Australia-based company that provides specialist employee management services. Its services include salary packaging, novated leasing, vehicle fleet management, payroll administration, employee share plan administration and workforce optimization. The operating segments of the company are: outsourced administration, or OA, vehicle services, or VS, and software, distribution and group services, or SDGS. Bulk of the group's revenue is generated from the OA segment which provides outsourced salary packaging services, novated leasing, share plan administration and outsourced payroll services. VS segment provides end-to-end vehicle fleet management services.

Smartgroup (Smartgroup) Headlines

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Full Year 2023 Smartgroup Corporation Ltd Earnings Presentation Transcript

By GuruFocus Research • 02-28-2024