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ScanSource's other current assets for the quarter that ended in Dec. 2023 was $122 Mil.
ScanSource's quarterly other current assets increased from Jun. 2023 ($30 Mil) to Sep. 2023 ($117 Mil) and increased from Sep. 2023 ($117 Mil) to Dec. 2023 ($122Mil).
ScanSource's annual other current assets increased from Jun. 2021 ($35 Mil) to Jun. 2022 ($66 Mil) declined from Jun. 2022 ($66 Mil) to Jun. 2023 ($30 Mil).
The historical data trend for ScanSource'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.
ScanSource Annual Data | |||||||||||||||||||||
Trend | Jun14 | Jun15 | Jun16 | Jun17 | Jun18 | Jun19 | Jun20 | Jun21 | Jun22 | Jun23 | |||||||||||
Other Current Assets | Get a 7-Day Free Trial | 320.08 | 214.39 | 35.27 | 66.28 | 30.05 |
ScanSource Quarterly Data | ||||||||||||||||||||
Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | |
Other Current Assets | Get a 7-Day Free Trial | 111.12 | 102.95 | 30.05 | 116.95 | 122.27 |
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 ScanSource's Other Current Assets provided by GuruFocus.com. Please click on the following links to see related term pages.
Michael L Baur | officer: President and CEO | 6 LOGUE COURT, GREENVILLE SC 29615 |
Peter C Browning | director | GMS INC., 100 CRESCENT CENTRE PARKWAY, SUITE 800, TUCKER GA 30084 |
Brandy Ford | officer: SVP & Chief Accounting Officer | 6 LOGUE COURT, GREENVILLE SC 29615 |
John Charles Eldh | officer: Sr. EVP & Chief Revenue Off. | 6 LOGUE COURT, GREENVILLE SC 29615 |
Vernon J Nagel | director | 1330 W. FULTON STREET, SUITE 350, CHICAGO IL 60607 |
Shana C Smith | officer: Sr. EVP & Chief Legal Officer | 1875 EXPLORER ST SUITE 800, RESTON VA 20190 |
Charles R Whitchurch | director | 143 FULLER LANE, WINNDKER IL 60093 |
Charles Alexander Mathis | officer: Vice-President & CFO | 627 ISLAND PARK DRIVE, DANIEL ISLAND SC 29492 |
Rachel Hayden | officer: Senior Executive VP & CIO | 6 LOGUE COURT, GREENVILLE SC 29615 |
Michael J Grainger | director | C/O INGRAM MICRO INC WORLD WIDE L, 1600 E ST ANDREW PLACE, SANTA ANA CA 92705 |
Stephen Jones | officer: Sr. EVP & CFO | 6 LOGUE COURT, GREENVILLE SC 29615 |
Emory Frank Edward Jr. | director | 2809 SHARON VIEW ROAD, CHARLOTTE NC 28210 |
Jeffrey R Rodek | director | 4151 GULF SHORE BLVD N, PH2, NAPLES FL 34103 |
Matthew Dean | officer: VP and General Counsel | 101 LEDGESTONE WAY, GREER SC 29651 |
Gerald Lyons | officer: SVP & Principal Acctg Officer | 6 LOGUE CT., GREENVILLE SC 29615 |
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