Advanced Battery Technologies (Advanced Battery Technologies) Other Current Assets : $4.46 Mil (As of Dec. 2010)

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What is Advanced Battery Technologies Other Current Assets?

Advanced Battery Technologies's other current assets for the quarter that ended in Dec. 2010 was $4.46 Mil.

Advanced Battery Technologies's quarterly other current assets increased from Dec. 2008 ($0.25 Mil) to Dec. 2009 ($7.94 Mil) but then declined from Dec. 2009 ($7.94 Mil) to Dec. 2010 ($4.46Mil).

Advanced Battery Technologies's annual other current assets increased from Dec. 2008 ($0.25 Mil) to Dec. 2009 ($7.94 Mil) declined from Dec. 2009 ($7.94 Mil) to Dec. 2010 ($4.46 Mil).

Advanced Battery Technologies Other Current Assets Historical Data

The historical data trend for Advanced Battery Technologies'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.

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Advanced Battery Technologies Other Current Assets Chart

Advanced Battery Technologies Annual Data

Trend

Jun01

Jun02

Jun03

Dec04

Dec05

Dec06

Dec07

Dec08

Dec09

Dec10

Other Current Assets

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1.91

1.61

0.25

7.94

4.46

Advanced Battery Technologies Semi-Annual Data
	Jun00	Jun01	Jun02	Jun03	Dec04	Dec05	Dec06	Dec07	Dec08	Dec09	Dec10
Other Current Assets	Get a 7-Day Free Trial						1.91	1.61	0.25	7.94	4.46

Advanced Battery Technologies Other Current Assets Calculation

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:

Cash
Trade Receivables
Inventory

The assets grouped under other current assets are most commonly:

Prepaid Expenses
Tax Assets
Non-Trade Receivables
Other (too numerous to list)

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.

Advanced Battery Technologies Other Current Assets Related Terms

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Advanced Battery Technologies (Advanced Battery Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Advanced Battery Technologies Inc (OTCPK:ABAT) » Definitions » Other Current Assets

Comparable Companies

Traded in Other Exchanges

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Address

Website

http://www.zqpt.com

Advanced Battery Technologies Inc was incorporated in the State of Delaware on January 16, 1984. It is a holding company, which is engaged in design, manufacture and distribution of rechargeable polymer lithium-ion batteries and electric vehicles through its wholly owned subsidiaries, Cashtech, ZQPT, Wuxi ZQ and the VIE, HLJ ZQPT. ZQ Power-Tech designs, manufactures and markets rechargeable polymer lithium-ion batteries. PLI batteries produce a relatively high average of 3.8 volts per cell, which makes them attractive in terms of both weight and volume. Additionally, they can be manufactured in very thin configurations and with large footprints. PLI cells can be configured in almost any prismatic shape, and can be made thinner than 0.0195 inches to fill virtually any shape efficiently. This combination of power and versatility makes rechargeable PLI batteries particularly attractive for use in consumer products such as portable computers, personal digital assistants and cellular telephones. ZQ Power-Techs batteries combine high-energy chemistry with state-of-the-art polymer technology. Every battery component is solid, which means that there are no liquids that need to be contained by heavy cell housings. The result is a safe, thin, lightweight rechargeable battery with an operating temperature range. Similar to lithium-ion prismatic rechargeable cells, the ZQ Power-Tech polymer cells do not exhibit a memory problem. This means that they can be recharged at any state of charge, without first having to be completely discharged. At the present time, ZQ Power-Tech produces only one finished product. This is a cordless miners lamp equipped with a rechargeable PLI battery. The Companys operating subsidiaries, ZQ Power-Tech and Wuxi ZQ, are subject to numerous Chinese provincial and local laws and regulations relating to the protection of the environment.

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