Wireless Xcessories Group (Wireless Xcessories Group) Total Current Assets : $7.95 Mil (As of Dec. 2007)

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What is Wireless Xcessories Group Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. Wireless Xcessories Group's total current assets for the quarter that ended in Dec. 2007 was $7.95 Mil.

Wireless Xcessories Group Total Current Assets Historical Data

The historical data trend for Wireless Xcessories 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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Wireless Xcessories Group Total Current Assets Chart

Wireless Xcessories Group Annual Data

Trend

Dec98

Dec99

Dec00

Dec01

Dec02

Dec03

Dec04

Dec05

Dec06

Dec07

Total Current Assets

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3.77

4.81

6.96

7.22

7.95

Wireless Xcessories Group Quarterly Data
	Mar03	Jun03	Sep03	Dec03	Mar04	Jun04	Sep04	Dec04	Mar05	Jun05	Sep05	Dec05	Mar06	Jun06	Sep06	Dec06	Mar07	Jun07	Sep07	Dec07
Total Current Assets	Get a 7-Day Free Trial															7.22	7.24	7.82	7.89	7.95

Wireless Xcessories 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.

Wireless Xcessories Group's Total Current Assets for the fiscal year that ended in Dec. 2007 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	3.286	+	1.68	+	2.473	+	0.506
	=	7.95

Wireless Xcessories Group's Total Current Assets for the quarter that ended in Dec. 2007 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	3.286	+	1.68	+	2.473	+	0.506
	=	7.95

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.

Wireless Xcessories Group (OTCPK:WIRX) 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.

Wireless Xcessories Group's Liquidation Value for the quarter that ended in Dec. 2007 is

	Liquidation value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	3.286	-	0.931	+	0.75 * 1.68	+	0.5 * 2.473
=	4.85

Wireless Xcessories Group Total Current Assets Related Terms

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Wireless Xcessories Group (Wireless Xcessories Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Wireless Xcessories Group Inc (OTCPK:WIRX) » Definitions » Total Current Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

1840 County Line Road, Suite 212, Huntingdon Valley, PA, USA, 19006

Website

http://www.wirexgroup.com

Wireless Xcessories Group Inc is a supplier of accessories for wireless products, Bluetooth products, OEM products and pouches across the US and worldwide. Its typical customer is a multi-location dealer, master agent, franchiser, or distributor, located in Canada and the Caribbean. Its product line consists of more than 5,000 items covering over 200 different handsets. It sources, designs, creates and markets more than 30 category items.

Executives

Brazdley T Macdonald

director

3316 SERENITY WAY, OWINGS MILLS MD 21117

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