Pax Global Technology (Pax Global Technology) Total Current Assets : $967.1 Mil (As of Dec. 2023)

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What is Pax Global Technology Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. Pax Global Technology's total current assets for the quarter that ended in Dec. 2023 was $967.1 Mil.

Pax Global Technology Total Current Assets Historical Data

The historical data trend for Pax Global Technology'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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Pax Global Technology Total Current Assets Chart

Pax Global Technology Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Current Assets

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793.99

897.21

998.86

1,049.79

967.15

Pax Global Technology Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Total Current Assets	Get a 7-Day Free Trial															998.86	1,035.33	1,049.79	968.38	967.15

Pax Global Technology 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.

Pax Global Technology'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
	=	373.819	+	343.098	+	233.82	+	16.41
	=	967.1

Pax Global Technology'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
	=	373.819	+	343.098	+	233.82	+	16.41
	=	967.1

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.

Pax Global Technology (OTCPK:PXGYF) 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.

Pax Global Technology'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)
=	373.819	-	203.482	+	0.75 * 342.689	+	0.5 * 233.82
=	544.3

Pax Global Technology Total Current Assets Related Terms

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Pax Global Technology (Pax Global Technology) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Pax Global Technology Ltd (OTCPK:PXGYF) » Definitions » Total Current Assets

Comparable Companies

Traded in Other Exchanges

00327:Hong Kong P8X:Germany

Address

30 Harbour Road, 25th Floor, Room 2504, Sun Hung Kai Centre, Wanchai, Hong Kong, HKG

Website

https://www.paxglobal.com.hk

Pax Global Technology Ltd sells a variety of electronic payment devices. The company's products can be organized into three categories based on product type. The E-payment terminals, which generate the majority of revenue, are wireless handheld devices that enable users to pay through the swipe through or insert of a credit or debit card. The E-payment terminals are used by restaurants and retailers. The consumer activated devices are used to support a variety of connection options for the E-payment terminals. Contactless devices enable users to pay without having to swipe or insert a card.

Pax Global Technology (Pax Global Technology) Headlines

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