Nokian Tyres (MIL:1TYRES) Total Current Assets : €1,179 Mil (As of Sep. 2024)

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What is Nokian Tyres Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. Nokian Tyres's total current assets for the quarter that ended in Sep. 2024 was €1,179 Mil.

Nokian Tyres Total Current Assets Historical Data

The historical data trend for Nokian Tyres'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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Nokian Tyres Total Current Assets Chart

Nokian Tyres Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Current Assets

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1,180.50

1,226.70

1,241.40

1,191.20

1,167.10

Nokian Tyres Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Total Current Assets	Get a 7-Day Free Trial															1,211.10	1,167.10	1,081.60	1,031.70	1,178.80

Nokian Tyres 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.

Nokian Tyres'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
	=	414.9	+	243.8	+	471.7	+	36.7
	=	1,167

Nokian Tyres's Total Current Assets for the quarter that ended in Sep. 2024 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	160.4	+	546.6	+	471.7	+	0.099999999999909
	=	1,179

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.

Nokian Tyres (MIL:1TYRES) 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.

Nokian Tyres's Liquidation Value for the quarter that ended in Sep. 2024 is

	Liquidation value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	160.4	-	1273.5	+	0.75 * 473	+	0.5 * 471.7
=	-523

Nokian Tyres Total Current Assets Related Terms

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Nokian Tyres Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Nokian Tyres PLC (MIL:1TYRES) » Definitions » Total Current Assets

Comparable Companies

Traded in Other Exchanges

NKRKY:USA NKRKF:USA 0FFY:UK TYRES:Finland NRE:Germany

Address

Pirkkalaistie 7, P.O. Box 20, Nokia, FIN, 37101

Website

https://www.nokiantyres.com

Nokian Tyres PLC develops and manufactures rubber tires under the Nokian Tyres brand name for passenger cars, vans, trucks and heavy machinery. The company sells tires to wholesale distributors and through company-owned retail stores, which are operated under the Vianor brand name. The firm organizes itself into three segments based on product and distribution type: Passenger Car Tyres, Heavy Tyres, and Vianor. The Passenger car tyres segment generates the majority of revenue.

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