Asia Resource Minerals (LSE:ARMS) Total Current Assets : £576.4 Mil (As of Dec. 2014)

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What is Asia Resource Minerals Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. Asia Resource Minerals's total current assets for the quarter that ended in Dec. 2014 was £576.4 Mil.

Asia Resource Minerals Total Current Assets Historical Data

The historical data trend for Asia Resource Minerals'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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Asia Resource Minerals Total Current Assets Chart

Asia Resource Minerals Annual Data

Trend

Dec10

Dec11

Dec12

Dec13

Dec14

Total Current Assets

630.10

727.39

980.50

712.48

576.38

Asia Resource Minerals Semi-Annual Data
	Jun11	Dec11	Jun12	Dec12	Jun13	Dec13	Jun14	Dec14
Total Current Assets	Get a 7-Day Free Trial			980.50	969.44	712.48	880.59	576.38

Asia Resource Minerals 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.

Asia Resource Minerals's Total Current Assets for the fiscal year that ended in Dec. 2014 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	238.347	+	67.095	+	15.975	+	254.961
	=	576.4

Asia Resource Minerals's Total Current Assets for the quarter that ended in Dec. 2014 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	238.347	+	67.095	+	15.975	+	254.961
	=	576.4

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.

Asia Resource Minerals (LSE:ARMS) 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.

Asia Resource Minerals's Liquidation Value for the quarter that ended in Dec. 2014 is

	Liquidation value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	238.347	-	1869.075	+	0.75 * 67.095	+	0.5 * 15.975
=	-1,572.4

Asia Resource Minerals Total Current Assets Related Terms

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Asia Resource Minerals (LSE:ARMS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Asia Resource Minerals PLC (LSE:ARMS) » Definitions » Total Current Assets

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Traded in Other Exchanges

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Address

Website

http://www.asiarmplc.com

Asia Resource Minerals PLC was incorporated on December 03, 2010. The Company, together with its subsidiaries is engaged in coal mining operations and exploration and development of mineral mining concessions. The Company's coal operations are located near Tanjung Redeb, East Kalimantan, in Indonesia. Its subsidiary, PT Berau, has three open cut mining operations, namely Lati, Binungan and Sambarata, located in an 118,400 hectare concession area in East Kalimantan. Production of thermal coal is blended to adjust the overall quality grade of the product, with current calorific values ranging from 5,000 kcal/kg to 6,100 kcal/kg (on a gross as received' basis) for use in coal fired power plants.

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