O'Reilly Automotive (NAS:ORLY) Other Current Assets

O'Reilly Automotive 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:

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.

O'Reilly Automotive Other Current Assets Related Terms

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O'Reilly Automotive (NAS:ORLY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » O'Reilly Automotive Inc (NAS:ORLY) » Definitions » Other Current Assets

Comparable Companies

NYSE:AZO NAS:TSCO NYSE:GPC NAS:ULTA NYSE:BBY NAS:FIVE NYSE:DKS NAS:CASY NYSE:WSM NYSE:BBWI TSX:ATD SHSE:601888 ADX:ADNOCDIST TSE:9843 NYSE:MNSO NYSE:MUSA XSWX:DUFN TSX:CTC.A NYSE:RH NYSE:GME

Traded in Other Exchanges

ORLY:Mexico OM6:Germany OM6:Germany ORLY34:Brazil ORLY:Austria

Address

233 South Patterson Avenue, Springfield, MO, USA, 65802

Website

https://www.oreillyauto.com

O'Reilly Automotive is one of the largest sellers of aftermarket automotive parts, tools, and accessories, serving professional and DIY customers (44% and 56% of 2022 sales, respectively). The company sells branded as well as own-label products, with the latter category comprising nearly half of sales. O'Reilly had 5,971 stores as of the end of 2022, spread across 47 U.S. states and including 42 stores in Mexico. The firm serves professional and DIY customers through its stores and also boasts approximately 725 sales personnel targeting commercial buyers.

Executives

De Wild Tamara F.	officer: SVP OF LEGAL & GENERAL COUNSEL	233 S PATTERSON AVE, SPRINGFIELD MO 65802
Larry Dean Gray	officer: SVP OF INVENTORY MANAGEMENT	233 SOUTH PATTERSON AVENUE, SPRINGFIELD MO 65802
Jeffery Thomas Loafman	officer: SVP OF DISTRIBUTION OPERATIONS	233 S PATTERSON AVE, SPRINGFIELD MO 65802
Philip M Hopper	officer: SVP OF REAL ESTATE	233 SOUTH PATTERSON AVENUE, SPRINGFIELD MO 65802
Mark Joseph Merz	officer: SVP OF FINANCE	233 SOUTH PATTERSON AVENUE, SPRINGFIELD MO 65802
Christopher Andrew Mancini	officer: SVP OF CENTRAL STORE OPS/SALES	233 SOUTH PATTERSON AVENUE, SPRINGFIELD MO 65802
Charles Francis Rogers	officer: SVP OF PRO SALES & OPS SUPPORT	233 SOUTH PATTERSON AVENUE, SPRINGFIELD MO 65802
Fred Alan Whitfield	director	233 SOUTH PATTERSON AVENUE, SPRINGFIELD MO 65802
Maria Sastre	director	C/O DARDEN RESTAURANTS, INC., 1000 DARDEN CENTER DRIVE, ORLANDO FL 32837
Andrea Weiss	director	23 RAMRAPO COURT WEST, GLENROCK NJ 07452
Jonathan Wyatt Andrews	officer: SVP OF HR & TRAINING	233 SOUTH PATTERSON AVENUE, SPRINGFIELD MO 65802
Brent Gentry Kirby	officer: SVP OF OMNICHANNEL	233 SOUTH PATTERSON AVENUE, SPRINGFIELD MO 65802
Richard Darin Venosdel	officer: SVP OF INVENTORY MANAGEMENT	233 SOUTH PATTERSON AVENUE, SPRINGFIELD MO 65802
Jason Lee Tarrant	officer: SVP OF WESTERN STORE OPS/SALES	233 SOUTH PATTERSON AVENUE, SPRINGFIELD MO 65802
Doug D Bragg	officer: SVP OF CENTRAL STORE OPS/SALES	233 SOUTH PATTERSON AVE, SPRINGFIELD MO 65802