GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Ocado Group PLC (OTCPK:OCDDY) » Definitions » Other Current Assets

Ocado Group (Ocado Group) Other Current Assets : $35 Mil (As of Nov. 2023)


View and export this data going back to 2015. Start your Free Trial

What is Ocado Group Other Current Assets?

Ocado Group's other current assets for the quarter that ended in Nov. 2023 was $35 Mil.

Ocado Group's quarterly other current assets declined from Nov. 2022 ($125 Mil) to May. 2023 ($0 Mil) but then increased from May. 2023 ($0 Mil) to Nov. 2023 ($35Mil).

Ocado Group's annual other current assets declined from Nov. 2020 ($103 Mil) to Nov. 2021 ($59 Mil) increased from Nov. 2021 ($59 Mil) to Nov. 2022 ($125 Mil).


Ocado Group Other Current Assets Historical Data

The historical data trend for Ocado Group'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.

Ocado Group Other Current Assets Chart

Ocado Group Annual Data
Trend Nov13 Nov14 Nov15 Nov16 Nov17 Nov18 Nov19 Nov20 Nov21 Nov22
Other Current Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.55 144.72 103.30 59.09 124.85

Ocado Group Semi-Annual Data
May14 Nov14 May15 Nov15 May16 Nov16 May17 Nov17 May18 Nov18 May19 Nov19 May20 Nov20 May21 Nov21 May22 Nov22 May23 Nov23
Other Current Assets Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 59.09 11.69 124.85 - 35.45

Ocado Group 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.


Ocado Group Other Current Assets Related Terms

Thank you for viewing the detailed overview of Ocado Group's Other Current Assets provided by GuruFocus.com. Please click on the following links to see related term pages.


Ocado Group (Ocado Group) Business Description

Traded in Other Exchanges
Address
Mosquito Way, Buildings One and Two Trident Place, Hatfield Business Park, Hatfield, Hertfordshire, GBR, AL10 9UL
Ocado, one of the largest pure online grocers in the world, operates in two divisions. Ocado Retail is the group's online grocery business in the United Kingdom (joint venture with Marks & Spencer); it offers an extensive product range of over 55,000 items via its Ocado.com website and holds more than 15% of the U.K. online grocery market and approximately 2% of the total U.K. grocery market. Ocado Solutions is built on the Ocado Smart Platform, a modular, automated online retail fulfilment and delivery solution that involves the provision of software, fulfilment infrastructure, and support services to corporate clients for a variety of one-time and ongoing costs. OSP has allowed the company to work with some of the world's largest grocers, including Ocado's retail operation.

Ocado Group (Ocado Group) Headlines