Brazilian Rare Earths (ASX:BRE) Total Current Assets : A$49.35 Mil (As of Jun. 2023)

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What is Brazilian Rare Earths Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. Brazilian Rare Earths's total current assets for the quarter that ended in Jun. 2023 was A$49.35 Mil.

Brazilian Rare Earths Total Current Assets Historical Data

The historical data trend for Brazilian Rare Earths'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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Brazilian Rare Earths Total Current Assets Chart

Brazilian Rare Earths Annual Data

Trend

Dec22

Dec23

Total Current Assets

19.62

49.40

Brazilian Rare Earths Semi-Annual Data
	Dec22	Jun23	Dec23
Total Current Assets	19.62	49.35	49.40

Brazilian Rare Earths 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.

Brazilian Rare Earths's Total Current Assets for the fiscal year that ended in Dec. 2023 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	48.844	+	0.121	+	0	+	0.432
	=	49.40

Brazilian Rare Earths's Total Current Assets for the quarter that ended in Jun. 2023 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	48.918	+	0.237	+	0	+	0.198
	=	49.35

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.

Brazilian Rare Earths (ASX:BRE) 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.

Brazilian Rare Earths's Liquidation Value for the quarter that ended in Jun. 2023 is

	Liquidation value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	48.918	-	11.863	+	0.75 * 0.237	+	0.5 * 0
=	37.23

Brazilian Rare Earths Total Current Assets Related Terms

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Brazilian Rare Earths (ASX:BRE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Brazilian Rare Earths Ltd (ASX:BRE) » Definitions » Total Current Assets

Comparable Companies

Traded in Other Exchanges

X84:Germany X84:Germany

Address

11-15 Labouchere Road, Suite 53, Level 2, South Perth, WA, AUS, 6151

Website

https://www.brazilianrareearths.com

Brazilian Rare Earths Ltd is an Australian-based company focused on exploring rare earth elements and other critical minerals in Brazil. The company owns and operates a district-scale Tier One Rare Earths Province, located in North Eastern Brazil. The company has a project named Rocha da Rocha Critical Minerals which represents one of the exciting critical minerals discoveries globally.

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