Pacific Ventures Group (Pacific Ventures Group) Total Current Assets : $2.71 Mil (As of Sep. 2023)

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What is Pacific Ventures Group Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. Pacific Ventures Group's total current assets for the quarter that ended in Sep. 2023 was $2.71 Mil.

Pacific Ventures Group Total Current Assets Historical Data

The historical data trend for Pacific Ventures 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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Pacific Ventures Group Total Current Assets Chart

Pacific Ventures Group Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Total Current Assets

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0.59

2.74

2.79

3.11

2.61

Pacific Ventures Group Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Total Current Assets	Get a 7-Day Free Trial															3.44	2.61	2.40	2.15	2.71

Pacific Ventures 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.

Pacific Ventures Group's Total Current Assets for the fiscal year that ended in Dec. 2022 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	0.26	+	1.13	+	0.899	+	0.318
	=	2.61

Pacific Ventures Group's Total Current Assets for the quarter that ended in Sep. 2023 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	0.152	+	0.993	+	1.36	+	0.204
	=	2.71

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.

Pacific Ventures Group (OTCPK:PACV) 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.

Pacific Ventures Group's Liquidation Value for the quarter that ended in Sep. 2023 is

	Liquidation value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	0.152	-	27.832	+	0.75 * 0.993	+	0.5 * 1.36
=	-26.26

Pacific Ventures Group Total Current Assets Related Terms

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Pacific Ventures Group (Pacific Ventures Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Pacific Ventures Group Inc (OTCPK:PACV) » Definitions » Total Current Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

117 West 9th Street, Suite 316, Los Angeles, CA, USA, 90015

Website

https://www.pacvgroup.com

Pacific Ventures Group Inc is focused on expansion within the consumer products, food, beverage, and alcohol-related industries. Its customers range from a wide variety of restaurants, including many well-known in Southern CA, to institutions, schools, and re-distributors such as U.S. Foods and Sysco as well as to local distributors. It supplies wholesale food and restaurant supplies to San Diego, Los Angeles, Orange, and Riverside and offers same-day service. In addition, it has clients in Arizona and Colorado that come to its facility to pick up their orders.

Executives

Shannon Masjedi	director, 10 percent owner, officer: PRESIDENT, COO, AND SECRETARY	117 WEST 9TH STREET, SUITE 316, LOS ANGELES CA 90015
Marc Shenkman	director, officer: EXECUTIVE VICE PRESIDENT	117 WEST 9TH STREET, SUITE 316, LOS ANGELES CA 90015
Robert Emmitt Smith	director, officer: CHAIRMAN OF THE BOARD & CEO	117 WEST 9TH STREET, SUITE 316, LOS ANGELES CA 90015
Kent R. Sumner	10 percent owner	1248 BATEMAN PONDS WAY, WEST JORDAN UT 84084
Marion Philip Guthrie	10 percent owner	THREE LINCOLN CENTRE, 5430 LBJ FWY., SUITE 1480, DALLAS TX 75240
Kip Eardley	director, 10 percent owner, officer: President & Secretary	P.O. BOX 901658, SANDY UT 84090