Royal Wins (XCNQ:SKLL) Total Current Assets : C$0.00 Mil (As of Jun. 2022)

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What is Royal Wins Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. Royal Wins's total current assets for the quarter that ended in Jun. 2022 was C$0.00 Mil.

Royal Wins Total Current Assets Historical Data

The historical data trend for Royal Wins'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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Royal Wins Total Current Assets Chart

Royal Wins Annual Data

Trend

Dec19

Dec20

Jun21

Jun22

Total Current Assets

0.01

0.94

4.43

Royal Wins Quarterly Data
	Sep19	Dec19	Mar20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22
Total Current Assets	Get a 7-Day Free Trial						4.43	2.45	2.03	0.30	-

Royal Wins 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.

Royal Wins's Total Current Assets for the fiscal year that ended in Jun. 2022 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	0	+	0	+	0	+	0
	=	0.00

Royal Wins's Total Current Assets for the quarter that ended in Jun. 2022 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	0	+	0	+	0	+	0
	=	0.00

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.

Royal Wins (XCNQ:SKLL) 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.

Royal Wins's Liquidation Value for the quarter that ended in Jun. 2022 is

	Liquidation value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	0	-	0	+	0.75 * 0	+	0.5 * 0
=	0.00

Royal Wins Total Current Assets Related Terms

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Royal Wins (XCNQ:SKLL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Royal Wins Corp (XCNQ:SKLL) » Definitions » Total Current Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

401 Bay Street, Suite 2704, Box 4, Toronto, ON, CAN, M5H2Y4

Website

https://www.royalwins.com

Royal Wins Corp is a digital games studio pioneering skill game wagering and betting on mobile casual games. It designs, develops, and operates real money-wagering skill games, to disrupt and dominate the online gaming space such that all players of legal age can play and win life-changing jackpots and prizes on their skill instead of only on chance and odds. It designs develops and operates pure skill games for both cash and non-cash prizes targeting millennial markets via its primary skill gaming app, the Kash Karnival. Its primary innovation and intellectual property centres around solving big data problems around skill gaming mechanics, algorithms pertaining to balancing cash jackpots, game difficulty modules, and maintenance of return-to-player percentages.

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