Umax Group (Umax Group) Total Current Assets : $0.02 Mil (As of Apr. 2018)

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What is Umax Group Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. Umax Group's total current assets for the quarter that ended in Apr. 2018 was $0.02 Mil.

Umax Group Total Current Assets Historical Data

The historical data trend for Umax Group'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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Umax Group Total Current Assets Chart

Umax Group Annual Data

Trend

Apr12

Apr13

Apr17

Apr18

Total Current Assets

0.02

0.28

0.02

Umax Group Semi-Annual Data
	Apr12	Apr13	Apr17	Apr18
Total Current Assets	0.02	-	0.28	0.02

Umax Group 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.

Umax Group's Total Current Assets for the fiscal year that ended in Apr. 2018 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	0	+	0	+	0	+	0.015
	=	0.02

Umax Group's Total Current Assets for the quarter that ended in Apr. 2018 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	0	+	0	+	0	+	0.015
	=	0.02

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.

Umax Group (OTCPK:UMAX) 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.

Umax Group's Liquidation Value for the quarter that ended in Apr. 2018 is

	Liquidation value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	0	-	0.093	+	0.75 * 0	+	0.5 * 0
=	-0.09

Umax Group Total Current Assets Related Terms

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Umax Group (Umax Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Umax Group Corp (OTCPK:UMAX) » Definitions » Total Current Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

2020 Bay Street, Los Angeles, CA, USA, 90012

Website

https://www.umaxgrpcorp.com

Umax Group Corp is a media development company which is concentrated on producing its original content with the intent of selling that content to one of the many streaming companies such as Netflix, Hulu, Showtime, Disney plus etc. and having their own streaming platforms on website and YouTube channels.