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Veeco Instruments's other current assets for the quarter that ended in Dec. 2023 was $35.8 Mil.
Veeco Instruments's quarterly other current assets increased from Jun. 2023 ($27.7 Mil) to Sep. 2023 ($30.3 Mil) and increased from Sep. 2023 ($30.3 Mil) to Dec. 2023 ($35.8Mil).
Veeco Instruments's annual other current assets declined from Dec. 2021 ($26.7 Mil) to Dec. 2022 ($18.9 Mil) increased from Dec. 2022 ($18.9 Mil) to Dec. 2023 ($35.8 Mil).
The historical data trend for Veeco Instruments'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 Veeco Instruments's Other Current Assets provided by GuruFocus.com. Please click on the following links to see related term pages.
William John Miller | director, officer: CEO | C/O VEECO INSTRUMENTS INC., 1 TERMINAL DRIVE, PLAINVIEW NY 11803 |
John P Kiernan | officer: VP Finance & Corp. Controller | C/O VEECO INSTRUMENTS INC, TERMINAL DRIVE, PLAINVIEW NY 11803 |
Dennis Thomas St | director | C/O FORMFACTOR, INC., 7005 SOUTHFRONT ROAD, LIVERMORE CA 94551 |
Mary Jane Raymond | director | C/O COHERENT CORP., 375 SAXONBURG BLVD, SAXONBURG PA 16056 |
Susan Wilkerson | officer: SVP, Global Sales & Service | C/O VEECO INSTRUMENTS INC., PLAINVIEW NY 11803 |
Adrian Devasahayam | officer: SVP - Product Line Development | C/O VEECO INSTRUMENTS, 1 TERMINAL DRIVE, PLAINVIEW NY 11803 |
Lena Nicolaides | director | 1250 RELIANCE WAY, FREMONT CA 94539 |
Peter J Simone | director | 17075 THORNMINT COURT, SANDIGO CA 92127 |
Sujeet Chand | director | ROCKWELL AUTOMATION, INC., 1201 SOUTH SECOND STREET, MILWAUKEE WI 53204 |
Peter Porshnev | officer: SVP, Unified Engineering | C/O VEECO INSTRUMENTS INC., 1 TERMINAL DRIVE, PLAINVIEW NY 11803 |
Shubham Maheshwari | officer: EVP, CFO & COO | C/O VEECO INSTRUMENTS INC., 1 TERMINAL DRIVE, PLAINVIEW NY 11803 |
John R Peeler | officer: CEO | DYNATECH CORP, 3 NEW ENGLAND EXECUTIVE PARK, BURLINGTON MA 01803 |
Kathleen A Bayless | director | 1251 MCKAY DRIVE, SAN JOSE CA 95131 |
Roger D Mcdaniel | director | C/O ENTEGRIS INC, 3500 LYMAN BOULEVARD, CHASKA MN 55318 |
Susan Wang | director | 40919 ENCYCLOPEDIA CIRCLE, FREMONT CA 94538 |
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