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Art's-Way Manufacturing Co's other current assets for the quarter that ended in Feb. 2024 was $0.55 Mil.
Art's-Way Manufacturing Co's quarterly other current assets declined from Aug. 2023 ($0.74 Mil) to Nov. 2023 ($0.33 Mil) but then increased from Nov. 2023 ($0.33 Mil) to Feb. 2024 ($0.55Mil).
Art's-Way Manufacturing Co's annual other current assets increased from Nov. 2021 ($0.12 Mil) to Nov. 2022 ($1.60 Mil) declined from Nov. 2022 ($1.60 Mil) to Nov. 2023 ($0.33 Mil).
The historical data trend for Art's-Way Manufacturing 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.
Art's-Way Manufacturing Co Annual Data | |||||||||||||||||||||
Trend | Nov14 | Nov15 | Nov16 | Nov17 | Nov18 | Nov19 | Nov20 | Nov21 | Nov22 | Nov23 | |||||||||||
Other Current Assets | Get a 7-Day Free Trial | 0.07 | 0.06 | 0.12 | 1.60 | 0.33 |
Art's-Way Manufacturing Co Quarterly Data | ||||||||||||||||||||
May19 | Aug19 | Nov19 | Feb20 | May20 | Aug20 | Nov20 | Feb21 | May21 | Aug21 | Nov21 | Feb22 | May22 | Aug22 | Nov22 | Feb23 | May23 | Aug23 | Nov23 | Feb24 | |
Other Current Assets | Get a 7-Day Free Trial | 0.44 | 0.22 | 0.74 | 0.33 | 0.55 |
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.
Thank you for viewing the detailed overview of Art's-Way Manufacturing Co's Other Current Assets provided by GuruFocus.com. Please click on the following links to see related term pages.
Randall C. Ramsey | director | 5556 HIGHWAY 9, ARMSTRONG IA 50514 |
Matthew Westendorf | director | C/O ART'S-WAY MANUFACTURING CO. INC., 5556 HIGHWAY 9, ARMSTRONG IA 50514 |
David Alan King | officer: Executive Vice President | C/O ART'S-WAY MANUFACTURING CO. INC., 5556 HIGHWAY 9, ARMSTRONG IA 50514 |
Mcconnell J Ward Jr | director, 10 percent owner | |
Michael William Woods | officer: Controller | C/O ART'S WAY MANUFACTURING CO., INC., 5556 HIGHWAY 9, ARMSTRONG IA 50514 |
Marc H Mcconnell | director | 1118 N QUEEN ST, KINSTON NC 28501 |
David Allan White | director | C/O 5556 HIGHWAY 8, ARMSTRONG IA 50514 |
Carrie L. Gunnerson | officer: President and CEO | 5556 HIGHWAY 9, ARMSTRONG IA 50514 |
Joseph R Dancy | director | 1007 BEAVER CREEK, DUNCANVILLE TX 75137 |
Michael Furness | officer: Director of Finance | 5556 HIGHWAY 9, ARMSTRONG IA 50514 |
David R Castle | director | P.O. BOX 1738, LAKEFIELD A6 K0L 2H0 |
Dean James Droegemueller | officer: Director of Finance | 5825 VINCENT AVENUE SOUTH, MINNEAPOLIS MN 55410 |
Fred William Krahmer | director | 204 LAKE AVENUE, SUITE 201, FAIRMONT MN 56031 |
Thomas E Buffamante | director | 6863 WOODLAND DRIVE NORTH, GREAT VALLEY NY 14741 |
Douglas Richard Mcclellan | director |
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