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Avery Dennison's other current assets for the quarter that ended in Dec. 2023 was $245 Mil.
Avery Dennison's quarterly other current assets increased from Jun. 2023 ($228 Mil) to Sep. 2023 ($242 Mil) and increased from Sep. 2023 ($242 Mil) to Dec. 2023 ($245Mil).
Avery Dennison's annual other current assets declined from Dec. 2021 ($240 Mil) to Dec. 2022 ($231 Mil) increased from Dec. 2022 ($231 Mil) to Dec. 2023 ($245 Mil).
The historical data trend for Avery Dennison's Other 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.
Technically, the other current assets line may include any asset that will be used up within the next 12 months. However, other current assets never include assets that are listed elsewhere in the current assets section of the balance sheet. For this reason, other current assets are almost never:
The assets grouped under other current assets are most commonly:
Some companies can and do choose to report each of these items separately.
Other current assets may be made up largely of Prepaid Expenses - unless these are listed on a separate line of the balance sheet.
Prepaid expenses are exactly what they sound like. If a company pays a $30 million insurance premium on the last day of June that will provide coverage for the entire month of July, the company will record a $30 million prepaid expense to account for the insurance expense it will show in July that it already paid for in June.
Tax assets can be quite complex. It is not common for companies to have both tax assets and tax liabilities. It is important that investors take note of both items when considering future taxes.
Non-Trade receivables are rarely a large item. They include money owed to the company by non-customers. Non-trade receivables can be caused by related party transactions, the sale of a business unit, etc. The notes to the company's financial statements will often provide much more detail on this item if it is truly important.
There are a variety of other current assets like non-trade receivables which are simply too numerous to list. If a company is following correct reporting procedures, it should not lump items that are different from one another and yet individually important to the company together under the line Other Current Assets.
At most companies, other current assets are a small and unimportant part of the total balance sheet.
Thank you for viewing the detailed overview of Avery Dennison's Other Current Assets provided by GuruFocus.com. Please click on the following links to see related term pages.
Ignacio J Walker | officer: VP and Chief Legal Officer | 207 GOODE AVE, GLENDALE CA 91203 |
Divina Fe Santiago | officer: VP Controller | 8080 NORTON PARKWAY, MENTOR OH 44060 |
Julia A Stewart | director | 4551 WEST 107TH STREET STE 100, C/O APPLEBEES INTERNATIONAL INC, OVERLAND PARK KS 66207 |
Francisco Melo | officer: President, Solutions Group | 8080 NORTON PARKWAY, MENTOR OH 44060 |
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Andres Alberto Lopez | director | ONE MICHAEL OWENS WAY, PERRYSBURG OH 43551 |
Francesca Reverberi | director | C/O TRINSEO S.A., 1000 CHESTERBROOK BLVD., SUITE 300, BERWYN PA 19312 |
Anthony Anderson | director | 1100 N. WOOD DALE ROAD, WOOD DALE IL 60191 |
Martha N. Sullivan | director | 529 PLEASANT STREET, MS B-7, ATTLEBORO MA 02703 |
William Raymond Wagner | director | C/O VOCUS, INC., 4296 FORBES BOULEVARD, LANHAM MD 20706 |
Bradley A Alford | director | 150 N ORANGE GROVE BLVD, PASADENA CA 91103 |
Deena Baker-nel | officer: VP & Chief HR Officer | 207 GOODE AVE, GLENDALE CA 91203 |
Gregory Lovins | officer: V.P. and Interim CFO | 207 GOODE AVENUE, GLENDALE CA 91203 |
Ken C Hicks | director | 150 N. ORANGE GROVE BLVD, PASADENA CA 91103 |
Nicholas Colisto | officer: VP & Chief Information Officer | C/O AVERY DENNISON CORPORATION, 207 GOODE AVE, GLENDALE CA 91203 |
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