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Martin Marietta Materials's other current assets for the quarter that ended in Dec. 2023 was $905 Mil.
Martin Marietta Materials's quarterly other current assets declined from Jun. 2023 ($837 Mil) to Sep. 2023 ($129 Mil) but then increased from Sep. 2023 ($129 Mil) to Dec. 2023 ($905Mil).
Martin Marietta Materials's annual other current assets increased from Dec. 2021 ($241 Mil) to Dec. 2022 ($859 Mil) increased from Dec. 2022 ($859 Mil) to Dec. 2023 ($905 Mil).
The historical data trend for Martin Marietta Materials'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 Martin Marietta Materials's Other Current Assets provided by GuruFocus.com. Please click on the following links to see related term pages.
Craig M Latorre | officer: Sr. VP, CHRO | 2710 WYCLIFF ROAD, RALEIGH NC 27607 |
Kelly Gean Bennett | officer: Sr VP, Human Resources | 4123 PARKLAKE AVENUE, RALEIGH NC 27612 |
Sue W Cole | director | C/O US TRUST CO OF NORTH CAROLINA, 301 N. ELM ST., GREENSBORO NC 27401 |
Oliver W Brooks | officer: SVP - Enterprise Excellence | 4123 PARKLAKE AVENUE, RALEIGH NC 27612 |
John P Mohr | officer: SVP - CIO | 2710 WYCLIFF ROAD, RALEIGH NC 27607 |
Michael J Petro | officer: SVP - Strategy and Development | 4123 PARKLAKE AVENUE, RALEIGH NC 27612 |
C Howard Nye | officer: Pres & Chief Operating Officer | 2710 WYCLIFF ROAD, RALEIGH NC 27607 |
Roselyn R Bar | officer: VP, Gen. Counsel and Secy | C/O MARTIN MARIETTA MATERIALS INC, 2710 WYCLIFF ROAD, RALEIGH NC 27607 |
Anthony R Foxx | director | 2710 WYCLIFF ROAD, RALEIGH NC 27607 |
Zelnak Stephen P Jr | director, officer: Chairman, President and CEO | MARTIN MARIETTA MATERIALS INC, 2710 WYCLIFF ROAD, RALEIGH NC 27607 |
David C Wajsgras | director | 870 WINTER STREET, WALTHAM MA 02451 |
John J Koraleski | director | MARTIN MARIETTA, 2710 WYCLIFF ROAD, RALEIGH NC 27607 |
Daniel L. Grant | officer: SVP - Strategy and Development | 2710 WYCLIFF ROAD, RALEIGH NC 27607 |
Thomas Pike | director | C/O ACCENTURE, 161 N. CLARK STREET, 23RD FLOOR, CHICAGO IL 60601 |
Laree E Perez | director | 1111 LOUISIANA STREET, HOUSTON TX 77002 |
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