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KLA's other current assets for the quarter that ended in Dec. 2023 was $422 Mil.
KLA's quarterly other current assets declined from Jun. 2023 ($382 Mil) to Sep. 2023 ($350 Mil) but then increased from Sep. 2023 ($350 Mil) to Dec. 2023 ($422Mil).
KLA's annual other current assets increased from Jun. 2021 ($230 Mil) to Jun. 2022 ($387 Mil) declined from Jun. 2022 ($387 Mil) to Jun. 2023 ($382 Mil).
The historical data trend for KLA'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.
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 KLA's Other Current Assets provided by GuruFocus.com. Please click on the following links to see related term pages.
Bren D. Higgins | officer: EVP & Chief Financial Officer | ONE TECHNOLOGY DRIVE, MILPITAS CA 95035 |
Mary Beth Wilkinson | officer: EVP, CLO and Secretary | 2350 GREEN ROAD, SUITE 100, ANN ARBOR MI 48105 |
Victor Peng | director | MIPS TECHNOLOGIES INC, 1225 CHARLESTON ROAD, MOUNTAIN VIEW CA 94043 |
Kevin Kennedy | director | |
Marie Myers | director | 3000 HANOVER STREET, PALO ALTO CA 94304 |
Gary B Moore | director | 170 WEST TASMAN DRIVE, SAN JOSE CA 95134 |
Emiko Higashi | director | C/O GILO VENTURES, 175 ALMENDRAL AVENUE, ATHERTON CA 94027 |
Michael R. Mcmullen | director | 5301 STEVENS CREEK BLVD., MS 1A-LC, SANTA CLARA CA 95051 |
Robert A. Rango | director | 5300 CALIFORNIA AVENUE, IRVINE CA 92617 |
Jeneanne Michelle Hanley | director | 21557 TELEGRAPH ROAD, SOUTHFIELD MI 48034 |
Oreste Donzella | officer: Executive Vice President | ONE TECHNOLOGY DRIVE, MILPITAS CA 95035 |
Ahmad A. Khan | officer: President, Semi Proc. Control | ONE TECHNOLOGY DRIVE, MILPITAS CA 95035 |
Virendra A Kirloskar | officer: SVP & Chief Accounting Officer | 160 RIO ROBLES, SAN JOSE CA 95134 |
Richard P Wallace | officer: Executive Vice President | KLA TENCOR, 160 RIO ROBLES, SAN JOSE CA 95134 |
Brian Lorig | officer: Executive Vice President | ONE TECHNOLOGY DRIVE, MILPITAS X1 95035 |
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