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HP's other current assets for the quarter that ended in Jan. 2024 was $1,530 Mil.
HP's quarterly other current assets increased from Jul. 2023 ($1,496 Mil) to Oct. 2023 ($1,570 Mil) but then declined from Oct. 2023 ($1,570 Mil) to Jan. 2024 ($1,530Mil).
HP's annual other current assets increased from Oct. 2021 ($1,065 Mil) to Oct. 2022 ($2,086 Mil) declined from Oct. 2022 ($2,086 Mil) to Oct. 2023 ($1,570 Mil).
The historical data trend for HP'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 HP's Other Current Assets provided by GuruFocus.com. Please click on the following links to see related term pages.
Enrique Lores | officer: President, PSS | 3000 HANOVER STREET, PALO ALTO CA 94304 |
Alex Cho | officer: President, Personal Systems | HP, 1501 PAGE MILL ROAD, PALO ALTO CA 94304 |
David W Meline | director | 3M COMPANY, 3M OFFICE OF GENERAL COUNSEL, ST PAUL MN 55144-1000 |
Berkshire Hathaway Inc | 10 percent owner | 3555 FARNAM STREET, OMAHA NE 68131 |
Marie Myers | officer: Global Controller, HFS & PAO | 3000 HANOVER STREET, PALO ALTO CA 94304 |
Subra Suresh | director | HP, 1501 PAGE MILL RD BLDG 5, PALO ALTO CA 94036 |
David P. Mcquarrie | officer: Chief Commercial Officer | C/O HP INC., 1501 PAGE MILL RD, PALO ALTO CA 94304 |
Shumeet Banerji | director | C/O HEWLETT-PACKARD COMPANY, 3000 HANOVER STREET, PALO ALTO CA 94304 |
Jonathan P Faust | officer: Global Controller | C/O HP INC, 1501 PAGE MILL ROAD, PALO ALTO CA 94304 |
Tuan Tran | officer: Pres Imaging Prtng & Solutions | 1501 PAGE MILL ROAD, PALO ALTO CA 94304 |
Julie M Jacobs | officer: Chief Legal Officer and GC | 22000 AOL WAY, DULLES VA 20166 |
Kristen M Ludgate | officer: Chief People Officer | 3M COMPANY OFFICE OF GENERAL COUNSEL, 3M CENTER, ST. PAUL MN 55144-1000 |
Rucker Kim K.w. | director | KRAFT FOODS GROUP, INC., THREE LAKES DRIVE, NORTHFIELD IL 60093 |
Richard L Clemmer | director | P O BOX 34552, LAS VEGAS NV 89129 |
Judith A Miscik | director | 300 RENAISSANCE CENTER, M/C: 482-C24-A68, DETROIT MI 48265 |
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