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Avnet's other current assets for the quarter that ended in Dec. 2023 was $241 Mil.
Avnet's quarterly other current assets declined from Jun. 2023 ($234 Mil) to Sep. 2023 ($198 Mil) but then increased from Sep. 2023 ($198 Mil) to Dec. 2023 ($241Mil).
Avnet's annual other current assets increased from Jun. 2021 ($151 Mil) to Jun. 2022 ($178 Mil) increased from Jun. 2022 ($178 Mil) to Jun. 2023 ($234 Mil).
The historical data trend for Avnet'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.
Avnet Annual Data | |||||||||||||||||||||
Trend | Jun14 | Jun15 | Jun16 | Jun17 | Jun18 | Jun19 | Jun20 | Jun21 | Jun22 | Jun23 | |||||||||||
Other Current Assets | Get a 7-Day Free Trial | 153.44 | 191.39 | 150.76 | 177.78 | 233.80 |
Avnet Quarterly Data | ||||||||||||||||||||
Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | |
Other Current Assets | Get a 7-Day Free Trial | 216.49 | 232.96 | 233.80 | 197.72 | 241.37 |
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 Avnet's Other Current Assets provided by GuruFocus.com. Please click on the following links to see related term pages.
James A Lawrence | director | 2211 S 47TH ST, PHOENIX AZ 85034 |
Philip R Gallagher | officer: Senior Vice President | C/O AVNET, INC., 2211 SOUTH 47TH STREET, PHOENIX AZ 85034 |
Rebeca Obregon-jimenez | officer: SVP | 3748 E MARE COURT, PHOENIX AZ 85044 |
Thomas Liguori | officer: Chief Financial Officer | ADVANCED ENERGY INDUSTRIES, INC., 1625 SHARP POINT DRIVE, FORT COLLINS CO 80525 |
William H Schumann | director | 200 E RANDOLPH DRIVE, CHICAGO IL 60601 |
Elizabeth Mcmullen | officer: Global VP - Operations | 2211 S 47TH ST, PHOENIX AZ 85034 |
Ernest E Maddock | director | LAM RESEARCH, 4650 CUSHING PARKWAY, FREMONT CA 94538 |
Kenneth A Jacobson | officer: Interim CFO | 2211 SOUTH 47TH STREET, PHOENIX AZ 85034 |
Leng Jin Chan | officer: CIO | 2211 S 47TH ST, PHOENIX AZ 85034 |
Dayna Badhorn | officer: Global VP, Strategic Planning | 2211 S 47TH ST, PHOENIX AZ 85034 |
Oleg Khaykin | director | |
Maryann G. Miller | officer: Sr. Vice President | C/O AVNET, INC., 2211 SOUTH 47TH STREET, PHOENIX AZ 85034 |
Michael Ryan Mccoy | officer: SVP, General Counsel | 2211 SOUTH 47TH STREET, PHOENIX AZ 85034 |
Carlo Bozotti | director | 2211 SOUTH 47TH STREET, PHOENIX AZ 85034 |
Adalio T Sanchez | director | 6060 COVENTRY DRIVE, ELKHORN NE 68022 |
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