Matthias Hohner AG (STU:HOH) Total Current Assets : €37.94 Mil (As of Sep. 2013)

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What is Matthias Hohner AG Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. Matthias Hohner AG's total current assets for the quarter that ended in Sep. 2013 was €37.94 Mil.

Matthias Hohner AG Total Current Assets Historical Data

The historical data trend for Matthias Hohner AG'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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Matthias Hohner AG Total Current Assets Chart

Matthias Hohner AG Annual Data

Trend

Mar10

Mar11

Mar12

Mar13

Total Current Assets

30.77

31.59

36.37

35.49

Matthias Hohner AG Semi-Annual Data
	Mar11	Sep11	Mar12	Sep12	Mar13	Sep13
Total Current Assets	Get a 7-Day Free Trial			35.84	36.37	38.31	35.49	37.94

Matthias Hohner AG 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.

Matthias Hohner AG's Total Current Assets for the fiscal year that ended in Mar. 2013 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	8.582	+	0	+	18.106	+	8.806
	=	35.49

Matthias Hohner AG's Total Current Assets for the quarter that ended in Sep. 2013 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	9.064	+	8.072	+	20.394	+	0.414
	=	37.94

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.

Matthias Hohner AG (STU:HOH) 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.

Matthias Hohner AG's Liquidation Value for the quarter that ended in Sep. 2013 is

	Liquidation value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	9.064	-	22.742	+	0.75 * 8.072	+	0.5 * 20.394
=	2.57

Matthias Hohner AG Total Current Assets Related Terms

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Matthias Hohner AG (STU:HOH) Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

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Address

Website

http://www.hohner.de

Matthias Hohner AG is engaged in the production, development and distribution of musical instruments. Its range of products includes harmonicas, recorders, accordions, guitars, grand pianos, digital pianos, amplifiers, melodicas and various accessories.

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