Archer-Daniels Midland Co (NYSE:ADM) Other Current Assets

: $12,033 Mil (As of Dec. 2022)

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Archer-Daniels Midland Co's other current assets for the quarter that ended in Dec. 2022 was $12,033 Mil.

Archer-Daniels Midland Co's quarterly other current assets declined from Jun. 2022 ($13,947 Mil) to Sep. 2022 ($13,044 Mil) and declined from Sep. 2022 ($13,044 Mil) to Dec. 2022 ($12,033Mil).

Archer-Daniels Midland Co's annual other current assets increased from Dec. 2020 ($9,923 Mil) to Dec. 2021 ($10,714 Mil) increased from Dec. 2021 ($10,714 Mil) to Dec. 2022 ($12,033 Mil).

Archer-Daniels Midland Co Other Current Assets Historical Data

The historical data trend for Archer-Daniels Midland Co'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.

* Premium members only.

Archer-Daniels Midland Co Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Other Current Assets

5,934.00

6,119.00

9,923.00

10,714.00

12,033.00

Archer-Daniels Midland Co Quarterly Data
	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22
Other Current Assets																10,714.00	14,796.00	13,947.00	13,044.00	12,033.00

Archer-Daniels Midland Co 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.

Archer-Daniels Midland Co Other Current Assets Related Terms

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Archer-Daniels Midland Co (NYSE:ADM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Archer-Daniels Midland Co (NYSE:ADM) » Definitions » Other Current Assets

Comparable Companies

Traded in Other Exchanges

ADM:Mexico ADM:Germany A1DM34:Brazil ARDA:Austria

Address

77 West Wacker Drive, Suite 4600, Chicago, IL, USA, 60601

Website

https://www.adm.com

Archer-Daniels Midland is a major processor of oilseeds, corn, wheat, and other agricultural commodities. Additionally, the company owns an extensive network of logistical assets to store and transport crops around the globe. ADM also runs a nutrition business that focuses on both human and animal ingredients. The company is also a large producer of corn-based sweeteners, starches, and ethanol.

Executives

Collins James C. Jr.	director	1007 MARKET STREET, D-9058, WILMINGTON DE 19898
Theodore Iii Colbert	director	C/O THE BOEING COMPANY, 100 RIVERSIDE PLAZA, CHICAGO IL 60606-1596
Strader Fruit Molly L	officer: Vice Pres., Corp. Controller	77 WEST WACKER DRIVE, SUITE 4600, CHICAGO IL 60601
Jennifer L Weber	officer: Senior Vice President	1000 LOWES BOULEVARD, MOORESVILLE NC 28117
Lei Zhang Schlitz	director	5757 N. GREENBAY AVENUE, GLENDALE WI 53129
Michael S Burke	director	C/O AECOM TECHNOLOGY CORPORATION, 555 S. FLOWER STREET, SUITE 3700, LOS ANGELES CA 90071
Stefano Rettore	officer: Senior Vice President	77 WEST WACKER DRIVE, SUITE 4600, CHICAGO IL 60601
Suzan F. Harrison	director	77 WEST WACKER DRIVE, SUITE 4600, CHICAGO IL 60601
Debra A. Sandler	director	KEURIG DR PEPPER INC., 53 SOUTH AVE., BURLINGTON MA 01803
Vincent F Macciocchi	officer: Senior Vice President	77 W. WACKER DR., SUITE 4600, CHICAGO IL 60601
Christopher M Cuddy	officer: President-Corn	77 W. WACKER DR., SUITE 4600, CHICAGO IL 60601
Gregory A Morris	officer: Senior Vice President	77 W. WACKER DR., SUITE 4600, CHICAGO IL 60601
Francisco J Sanchez	director	77 W. WACKER DR., SUITE 4600, CHICAGO IL 60601
Benjamin I Bard	officer: Vice President	4666 FARIES PARKWAY, DECATUR IL 62526
D Cameron Findlay	officer: Senior Vice President	77 W. WACKER DR., SUITE 2600, CHICAGO IL 60601