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Applied Materials Inc  (NAS:AMAT) Other Current Assets: $366 Mil (As of Jul. 2017)

Applied Materials Inc's other current assets for the quarter that ended in Jul. 2017 was $366 Mil.

Applied Materials Inc's quarterly other current assets declined from Jan. 2017 ($297 Mil) to Apr. 2017 ($284 Mil) but then increased from Apr. 2017 ($284 Mil) to Jul. 2017 ($366Mil).

Applied Materials Inc's annual other current assets declined from Oct. 2015 ($724 Mil) to Oct. 2016 ($275 Mil) increased from Oct. 2016 ($275 Mil) to Oct. 2017 ($374 Mil).


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

* Premium members only.

Applied Materials Inc Annual Data

Oct08 Oct09 Oct10 Oct11 Oct12 Oct13 Oct14 Oct15 Oct16 Oct17
Other Current Assets Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 705.00 568.00 724.00 275.00 374.00

Applied Materials Inc Quarterly Data

Jan13 Apr13 Jul13 Oct13 Jan14 Apr14 Jul14 Oct14 Jan15 Apr15 Jul15 Oct15 Jan16 Apr16 Jul16 Oct16 Jan17 Apr17 Jul17 Oct17
Other Current Assets Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 275.00 297.00 284.00 366.00 374.00

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.


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Headlines

From the Internet

Applied Materials Super Cycle Full Swing

- Seekingalpha 2017-11-22 13:59:58

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