Auto Parts 4Less Group (Auto Parts 4Less Group) Total Current Assets : $0.09 Mil (As of Oct. 2023)

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What is Auto Parts 4Less Group Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. Auto Parts 4Less Group's total current assets for the quarter that ended in Oct. 2023 was $0.09 Mil.

Auto Parts 4Less Group Total Current Assets Historical Data

The historical data trend for Auto Parts 4Less Group'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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Auto Parts 4Less Group Total Current Assets Chart

Auto Parts 4Less Group Annual Data

Trend

Jan14

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Total Current Assets

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0.45

0.54

0.72

0.57

0.10

Auto Parts 4Less Group Quarterly Data
	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23
Total Current Assets	Get a 7-Day Free Trial															0.25	0.10	0.12	0.09	0.09

Auto Parts 4Less Group 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.

Auto Parts 4Less Group's Total Current Assets for the fiscal year that ended in Jan. 2023 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	0.005	+	0	+	0.05	+	0.043
	=	0.10

Auto Parts 4Less Group's Total Current Assets for the quarter that ended in Oct. 2023 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	0.012	+	0	+	0.033	+	0.044
	=	0.09

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.

Auto Parts 4Less Group (OTCPK:FLES) 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.

Auto Parts 4Less Group's Liquidation Value for the quarter that ended in Oct. 2023 is

	Liquidation value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	0.012	-	28.175	+	0.75 * 0	+	0.5 * 0.033
=	-28.15

Auto Parts 4Less Group Total Current Assets Related Terms

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Auto Parts 4Less Group (Auto Parts 4Less Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Auto Parts 4Less Group Inc (OTCPK:FLES) » Definitions » Total Current Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

106 W. Mayflower, Las Vegas, NV, USA, 89030

Website

https://www.liftkits4less.com

Auto Parts 4Less Group Inc is an e-commerce auto parts sales company. It offers parts and accessories that are manufactured, sold, and distributed for cars, light trucks, and other passenger vehicles motorcycles, all-terrain vehicles, utility terrain vehicles, boats, and others.

Executives

Christopher Dean Davenport

10 percent owner

106 W MAYFLOWER AVENUE, N. LAS VEGAS NV 89030