Cofle SpA (MIL:CFL) Other Current Assets : €3.26 Mil (As of Dec. 2023)

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What is Cofle SpA Other Current Assets?

Cofle SpA's other current assets for the quarter that ended in Dec. 2023 was €3.26 Mil.

Cofle SpA's quarterly other current assets increased from Dec. 2022 (€2.86 Mil) to Jun. 2023 (€3.16 Mil) and increased from Jun. 2023 (€3.16 Mil) to Dec. 2023 (€3.26Mil).

Cofle SpA's annual other current assets increased from Dec. 2021 (€2.20 Mil) to Dec. 2022 (€2.86 Mil) increased from Dec. 2022 (€2.86 Mil) to Dec. 2023 (€3.26 Mil).

Cofle SpA Other Current Assets Historical Data

The historical data trend for Cofle SpA'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.

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Cofle SpA Other Current Assets Chart

Cofle SpA Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Other Current Assets

2.32

2.01

2.20

2.86

3.26

Cofle SpA Semi-Annual Data
	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Other Current Assets	Get a 7-Day Free Trial				2.20	2.33	2.86	3.16	3.26

Cofle SpA 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.

Cofle SpA Other Current Assets Related Terms

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Cofle SpA (MIL:CFL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Cofle SpA (MIL:CFL) » Definitions » Other Current Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

Via del Ghezzo, 54, Trezzo sullAdda, ITA, 20056

Website

https://www.cofle.com

Cofle SpA designs, produces and sells worldwide control cables and remote control systems for the off-road vehicle, automotive, and automotive after-market sectors. It has two divisions: the Original Equipment Manufacturer (OEM) division through which it manufactures a wide range of highly customized products for customers who install the components on the products sold: through its products, the group deals with customers operating in the agricultural sector, earth-moving and commercial vehicles, and the premium automotive sector; and the After Market (AM) division which manufactures Cofle-branded components such as control cables, brake hoses or EPBs with the same quality as the original for the automotive sector.

Cofle SpA (MIL:CFL) Headlines

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