SKF AB (SKF AB) Other Long Term Assets : $550 Mil (As of Mar. 2024)

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What is SKF AB Other Long Term Assets?

SKF AB's other long-term assets for the quarter that ended in Mar. 2024 was $550 Mil.

SKF AB's quarterly other long-term assets increased from Sep. 2023 ($458 Mil) to Dec. 2023 ($507 Mil) and increased from Dec. 2023 ($507 Mil) to Mar. 2024 ($550 Mil).

SKF AB's annual other long-term assets declined from Dec. 2021 ($606 Mil) to Dec. 2022 ($477 Mil) but then increased from Dec. 2022 ($477 Mil) to Dec. 2023 ($507 Mil).

SKF AB Other Long Term Assets Historical Data

The historical data trend for SKF AB's Other Long Term 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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SKF AB Other Long Term Assets Chart

SKF AB Annual Data

Trend

Dec14

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Dec17

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Dec19

Dec20

Dec21

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Dec23

Other Long Term Assets

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684.45

805.80

606.08

477.36

506.75

SKF AB Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Other Long Term Assets	Get a 7-Day Free Trial															490.06	478.31	458.01	506.75	549.88

SKF AB Other Long Term Assets Calculation

GuruFocus lists Investments And Advances, Intangible Assets, Property, Plant and Equipment and Other Long Term Assets under the "Total Long-Term Assets" section.

Other Long Term Assets includes following items:
Investment in Properties
Non-current Accounts Receivable
Non-current Note Receivables
Non-current Deferred Assets
Non-current Prepaid Assets
Defined Pension Benefit
Other (too numerous to list)
Some companies can do choose to report each of these items separately. Yet, there are a variety of Other Long Term Assets which are simply too numerous to list.

SKF AB (SKF AB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » SKF AB (OTCPK:SKFRY) » Definitions » Other Long Term Assets

Comparable Companies

Traded in Other Exchanges

SKUFF:USA SKF B:Sweden SKF A:Sweden SKFB:Mexico SKFBs:UK 0NWX:UK SKFA:Germany

Address

Sven Wingquists Gata 2, Gothenburg, SWE, SE-415 50

Website

https://www.skf.com

SKF's history goes back to the first major patents in ball bearings, when in 1907 it was the first to patent the self-aligning ball bearing. SKF, along with the Schaeffler Group, are the top two global ball bearing suppliers followed by Timken, NSK, NTN, and JTEKT. Combined, these six companies supply about 60% of the world's ball bearings. However, most of them have sector niches as ball bearings for industrial purposes are engineered for specific applications. SKF is based out of Sweden and has a global manufacturing footprint of 106 sites and about 17,000 global distributor locations. The firm operates under two segments: industrials, which has a fairly fragmented customer base; and automotive, which is the opposite, with a concentrated customer base including the likes of Tesla.