Polymetals Resources (ASX:POL) Total Current Assets : A$1.33 Mil (As of Dec. 2023)

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What is Polymetals Resources Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. Polymetals Resources's total current assets for the quarter that ended in Dec. 2023 was A$1.33 Mil.

Polymetals Resources Total Current Assets Historical Data

The historical data trend for Polymetals Resources'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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Polymetals Resources Total Current Assets Chart

Polymetals Resources Annual Data

Trend

Jun21

Jun22

Jun23

Total Current Assets

5.11

1.55

2.88

Polymetals Resources Semi-Annual Data
	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Total Current Assets	Get a 7-Day Free Trial			3.13	1.55	0.99	2.88	1.33

Polymetals Resources 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.

Polymetals Resources's Total Current Assets for the fiscal year that ended in Jun. 2023 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	2.624	+	0.257	+	0	+	0.00099999999999989
	=	2.88

Polymetals Resources'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
	=	1.215	+	0.112	+	0	+	-2.2204460492503E-16
	=	1.33

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.

Polymetals Resources (ASX:POL) 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.

Polymetals Resources'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)
=	1.215	-	2.657	+	0.75 * 0.112	+	0.5 * 0
=	-1.36

Polymetals Resources Total Current Assets Related Terms

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Polymetals Resources (ASX:POL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Polymetals Resources Ltd (ASX:POL) » Definitions » Total Current Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

101 Main Street, Unit 1, Alstonville, NSW, AUS, 2477

Website

https://www.polymetals.com

Polymetals Resources Ltd is an Australian mining and exploration company focused on gold exploration within Guinea. The key projects within the portfolio are known as Alahine and Mansala with both licenses hosting prolific historic and current artisanal gold mining and production.

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