Elate Holdings (HKSE:00076) Other Current Assets

: HK$8.3 Mil (As of Jun. 2023)

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Elate Holdings's other current assets for the quarter that ended in Jun. 2023 was HK$8.3 Mil.

Elate Holdings's quarterly other current assets increased from Jun. 2022 (HK$45.2 Mil) to Dec. 2022 (HK$64.2 Mil) but then declined from Dec. 2022 (HK$64.2 Mil) to Jun. 2023 (HK$8.3Mil).

Elate Holdings's annual other current assets increased from Dec. 2020 (HK$7.4 Mil) to Dec. 2021 (HK$59.6 Mil) increased from Dec. 2021 (HK$59.6 Mil) to Dec. 2022 (HK$64.2 Mil).

Elate Holdings Other Current Assets Historical Data

The historical data trend for Elate Holdings'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.

Elate Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Other Current Assets

174.70

7.42

59.65

64.24

4.60

Elate Holdings Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Other Current Assets																59.65	45.23	64.24	8.34	4.60

Elate Holdings 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.

Elate Holdings Other Current Assets Related Terms

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Elate Holdings (HKSE:00076) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Elate Holdings Ltd (HKSE:00076) » Definitions » Other Current Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

13-14 Connaught Road Central and 21-23 Des Voeux Road Central, Unit 1002, 10th Floor, Euro Trade Centre, Hong Kong, HKG

Website

https://www.elate.hk

Elate Holdings Ltd is an investment holding company. The company's operating segments include the Manufacture and sales of graphite products; Manufacture and sales of electronic products; and design and manufacturing in the United Kingdom. It derives the majority of its revenue from the Manufacture and sales of electronic products that is engaged in the business of manufacture and sales of electronic products within the United Kingdom.

Elate Holdings (HKSE:00076) Headlines

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