Winmark Other Current Assets

Winmark 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:

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.

Winmark Other Current Assets Related Terms

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Winmark Business Description

Industry

Consumer Cyclical » Retail - Cyclical NAICS : 533110 SIC : 5999

Comparable Companies

XSWX:VALN TSX:ZZZ TSE:9832 NAS:EVGO XSWX:MOZN OSTO:CLAS B JSE:SNH LSE:HFD TSE:2730 SHSE:603230

Traded in Other Exchanges

N/A

Address

605 Highway 169 North, Suite 400, Minneapolis, MN, USA, 55441

Website

http://www.winmarkcorporation.com

Winmark Corp is a franchisor of value-oriented retail store concepts that buy, sell and trade gently used the merchandise. The company's reportable segments include Franchising and Leasing. The franchising segment franchises value-oriented retail store that buys, sells, trade and consign merchandise as well as provide strategic consulting services relating to franchising. The leasing segment includes middle-market equipment leasing business and small-ticket financing business. It generates a majority of its revenue from the Franchising segment.

Executives

Mackenzie Kirk A	director	605 HWY 169 N SUITE 400 MINNEAPOLIS MN 55441
Wilson Mark L	director	605 HWY 169 N SUITE 400 MINNEAPOLIS MN 55441
Gaudette Renae M.	officer: President of Franchising	605 HIGHWAY 169 N, SUITE 400 MINNEAPOLIS MN 55441
Heffes Brett D	director, officer: Chairman and CEO	605 HWY 169 N SUITE 400 MINNEAPOLIS MN 55441
Ishaug Anthony D	officer: Chief Financial Officer	605 HWY 169 N SUITE 400 MINNEAPOLIS MN 55441
Barbetta Lawrence A	director	605 HWY 169 N SUITE 400 MINNEAPOLIS MN 55441
Reyelts Paul C	director	605 HWY 169 N SUITE 400 MINNEAPOLIS MN 55441
Grassle Jenele C	director	605 HWY 169 N SUITE 400 MINNEAPOLIS MN 55441
Goff Leah A	officer: VP of Human Resources	605 HWY 169 N SUITE 400 MINNEAPOLIS MN 55441
Olson Ronald G	10 percent owner	GROWN BIZ INTERNATIONAL INC 4200 DAHLBERG DRIVE MINNEAPOLIS MN 55422-4837
Morgan John L	director, 10 percent owner, officer: Executive Chairman	605 HIGHWAY 169 SUITE 400 MINNEAPOLIS MN 55441
Murphy Steven	officer: President of Franchising	605 HWY 169 N SUITE 400 MINNEAPOLIS MN 55441
Zola Steven C	director, officer: President, Winmark Capital	605 HWY 169 N SUITE 400 MINNEAPOLIS MN 55441
Bradshaw James Shel	10 percent owner	12600 HILL COUNTRY BLVD SUITE R-230 AUSTIN TX 78738
Bares Brian Timothy	10 percent owner	12600 HILL COUNTRY BLVD SUITE R-230 AUSTIN TX 78738