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Ingles Markets's other current assets for the quarter that ended in Mar. 2024 was $27 Mil.
Ingles Markets's quarterly other current assets declined from Sep. 2023 ($23 Mil) to Dec. 2023 ($18 Mil) but then increased from Dec. 2023 ($18 Mil) to Mar. 2024 ($27Mil).
Ingles Markets's annual other current assets increased from Sep. 2021 ($15 Mil) to Sep. 2022 ($16 Mil) increased from Sep. 2022 ($16 Mil) to Sep. 2023 ($23 Mil).
The historical data trend for Ingles Markets'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.
Ingles Markets Annual Data | |||||||||||||||||||||
Trend | Sep14 | Sep15 | Sep16 | Sep17 | Sep18 | Sep19 | Sep20 | Sep21 | Sep22 | Sep23 | |||||||||||
Other Current Assets | Get a 7-Day Free Trial | 8.90 | 15.10 | 15.09 | 15.83 | 22.59 |
Ingles Markets Quarterly Data | ||||||||||||||||||||
Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | |
Other Current Assets | Get a 7-Day Free Trial | 32.27 | 33.17 | 22.59 | 18.16 | 26.53 |
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 Ingles Markets's Other Current Assets provided by GuruFocus.com. Please click on the following links to see related term pages.
Sharp Laura Ingle | director | 2913 U.S. HWY. 70 WEST, BLACK MOUNTAIN NC 28711 |
Michael David Hogan | officer: President of Subsidiary Milkco | C/O INGLES MARKETS, INCORPORATED, P.O. BOX 6676, ASHEVILLE NC 28816 |
Patricia Jackson | officer: CFO | P.O. BOX 6676, ASHEVILLE NC 28816 |
James W Lanning | director, officer: President, other: Profit Sharing Plan Trustee | |
John R Lowden | director | 140 GREENWICH AVE, GREENWICH CT 06830 |
Ernest E. Ferguson | director | P.O. BOX 6676, ASHEVILLE NC 28816 |
Fred Ayers | director | 2913 US HIGHWAY 70 WEST, BLACK MOUNTAIN NC 28711 |
Brenda S Tudor | director, officer: VP Finance, Treasurer, CFO | |
L. Keith Collins | director | P.O. BOX 6676, ASHEVILLE NC 28816 |
Laura Anne Laxton Ingle 2011 Irrevocable Trust Dated September 8, 2011 | 10 percent owner | P.O. BOX 6676, ASHEVILLE NC 28816 |
Robert Ingle, Sr. Administrative Trust Uta Robert Pierce Ingle Living Trust Dated December 24, 2010 | 10 percent owner | 2913 US HIGHWAY 70 WEST, BLACK MOUNTAIN NC 28711 |
Robert P Ingle | director, officer: Chairman and CEO, other: Profit Sharing Plan Trustee | |
Ingles Markets Inc Investment/profit Sharing Plan Trust | 10 percent owner | |
Ronald B Freeman | director, officer: Chief Financial Officer, other: Profit Sharing Plan Trustee | P.O. BOX 6676, ASHEVILLE NC 28816 |
Ingle Robert P Ii | director, officer: VP - Operations | PO BOX 6676, ASHEVILLE NC 28816 |
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