Aspire Mining (ASX:AKM) Total Current Assets : A$18.18 Mil (As of Dec. 2023)

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What is Aspire Mining Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. Aspire Mining's total current assets for the quarter that ended in Dec. 2023 was A$18.18 Mil.

Aspire Mining Total Current Assets Historical Data

The historical data trend for Aspire Mining'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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Aspire Mining Total Current Assets Chart

Aspire Mining Annual Data

Trend

Jun13

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Total Current Assets

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8.70

11.74

41.33

34.11

31.96

Aspire Mining Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Total Current Assets	Get a 7-Day Free Trial															33.77	31.96	30.47	43.28	18.18

Aspire Mining 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.

Aspire Mining's Total Current Assets for the fiscal year that ended in Jun. 2022 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	31.316	+	0.141	+	0	+	0.499
	=	31.96

Aspire Mining's Total Current Assets for the quarter that ended in Dec. 2023 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	16.279	+	1.43	+	0	+	0.47
	=	18.18

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.

Aspire Mining (ASX:AKM) 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.

Aspire Mining's Liquidation Value for the quarter that ended in Dec. 2023 is

	Liquidation value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	16.279	-	0.217	+	0.75 * 0	+	0.5 * 0
=	16.06

Aspire Mining Total Current Assets Related Terms

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Aspire Mining (ASX:AKM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Aspire Mining Ltd (ASX:AKM) » Definitions » Total Current Assets

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Traded in Other Exchanges

WKU:Germany

Address

126-130 Phillip Street, Level 5, Sydney, NSW, AUS, 6000

Website

https://www.aspiremininglimited.com

Aspire Mining Ltd is a mineral exploration and development company. It principally engages in the business of exploring coal and progresses on the approval process for the development and funding of a rail line in northern Mongolia. It holds interests in various assets that are located in Mongolia. The company's segments include Australia, Mongolia, and Singapore. It also holds an interest in other projects such as the Ovoot coking coal, Nuurstei coal and coking coal market. The Ovoot project is a large-scale coking coal project. Majority of the company's revenue comes from Australian segment.

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