Edgars Stores (XZIM:EDGR.ZW) Total Current Assets : $23.13 Mil (As of Jun. 2024)

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What is Edgars Stores Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. Edgars Stores's total current assets for the quarter that ended in Jun. 2024 was $23.13 Mil.

Edgars Stores Total Current Assets Historical Data

The historical data trend for Edgars Stores'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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Edgars Stores Total Current Assets Chart

Edgars Stores Annual Data

Trend

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Total Current Assets

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46.85

45.68

38.07

41.43

52.44

Edgars Stores Semi-Annual Data
	Dec10	Jun11	Dec11	Jun12	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Jun23	Jun24
Total Current Assets	Get a 7-Day Free Trial															40.70	52.44	83.23	-	23.13

Edgars Stores 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.

Edgars Stores's Total Current Assets for the fiscal year that ended in Dec. 2018 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	6.622	+	29.794	+	15.986	+	0.037999999999997
	=	52.44

Edgars Stores's Total Current Assets for the quarter that ended in Jun. 2024 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	1.418	+	14.178	+	7.244	+	0.292
	=	23.13

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.

Edgars Stores (XZIM:EDGR.ZW) 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.

Edgars Stores's Liquidation Value for the quarter that ended in Jun. 2024 is

	Liquidation value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	1.418	-	16.51	+	0.75 * 13.359	+	0.5 * 7.244
=	-1.45

Edgars Stores Total Current Assets Related Terms

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Edgars Stores Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Edgars Stores Ltd (XZIM:EDGR.ZW) » Definitions » Total Current Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

77 Jason Moyo Avenue, ZB Life Towers 15th Floor, corner Sam Nujoma & Speke Avenue, Harare, ZWE

Website

https://www.edgars.co.zw

Edgars Stores Ltd retails clothing, footwear, textiles, and accessories in Zimbabwe. The company also manufactures and sells a range of denim, as well as ladies', children's, and gents' casual wear to other retailers. The company has classified its products and services into six operating segments namely Retailing, Edgars, Jet, Manufacturing, Micro Finance Club points, and Financial Services. The majority of the revenue is generated from Edgars. Its operations are spread across Zimbabwe.

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