Turnall Holdings (XZIM:TURN.ZW) Total Current Assets : ZWG347.9 Mil (As of Jun. 2024)

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What is Turnall Holdings Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. Turnall Holdings's total current assets for the quarter that ended in Jun. 2024 was ZWG347.9 Mil.

Turnall Holdings Total Current Assets Historical Data

The historical data trend for Turnall Holdings'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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Turnall Holdings Total Current Assets Chart

Turnall Holdings Annual Data

Trend

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Total Current Assets

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332.15

355.37

136.94

161.80

303.55

Turnall Holdings Semi-Annual Data
	Dec10	Jun11	Dec11	Jun12	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun23	Jun24
Total Current Assets	Get a 7-Day Free Trial														161.80	218.75	303.55	-	347.92

Turnall Holdings 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.

Turnall Holdings'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
	=	10.977	+	42.212	+	179.475	+	70.89
	=	303.6

Turnall Holdings'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
	=	11.057	+	173.448	+	161.422	+	1.992
	=	347.9

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.

Turnall Holdings (XZIM:TURN.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.

Turnall Holdings'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)
=	11.057	-	246.734	+	0.75 * 173.448	+	0.5 * 161.422
=	-24.9

Turnall Holdings Total Current Assets Related Terms

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Turnall Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Turnall Holdings Ltd (XZIM:TURN.ZW) » Definitions » Total Current Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

5 Glasgow Road, Workington, P.O. Box 3985, Southerton, Harare, ZWE

Website

https://www.turnall.co.zw

Turnall Holdings Ltd is a Zimbabwe-based company, which is engaged in the production of building and construction materials comprising corrugated sheeting, flat sheets, pressure pipes, sewer pipes, concrete roofing tiles, and related accessories. It operates through segments, which include Building Products, Piping products, Concrete tiles, and Construction. The Building Products segment which earns the majority of revenue is engaged in the production of roofing sheets, flat sheets, and molded goods. Its Piping products segment is engaged in the production of water and sewer reticulation pipes. The Concrete tile segment is engaged in the production of concrete roofing products. Geographically, it derives maximum revenue from Zimbabwe.

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