MSW (Ming Shing Group Holdings) Other Current Assets : $0.02 Mil (As of Sep. 2023)

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What is Ming Shing Group Holdings Other Current Assets?

Ming Shing Group Holdings's other current assets for the quarter that ended in Sep. 2023 was $0.02 Mil.

Ming Shing Group Holdings's quarterly other current assets declined from Sep. 2022 ($0.32 Mil) to Mar. 2023 ($0.02 Mil) and declined from Mar. 2023 ($0.02 Mil) to Sep. 2023 ($0.02Mil).

Ming Shing Group Holdings's annual other current assets increased from Mar. 2021 ($0.00 Mil) to Mar. 2022 ($0.00 Mil) increased from Mar. 2022 ($0.00 Mil) to Mar. 2023 ($0.02 Mil).

Ming Shing Group Holdings Other Current Assets Historical Data

The historical data trend for Ming Shing Group Holdings'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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Ming Shing Group Holdings Other Current Assets Chart

Ming Shing Group Holdings Annual Data

Trend

Mar21

Mar22

Mar23

Other Current Assets

0.02

Ming Shing Group Holdings Semi-Annual Data
	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Other Current Assets	Get a 7-Day Free Trial			-	-	0.32	0.02	0.02

Ming Shing Group Holdings 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.

Ming Shing Group Holdings Other Current Assets Related Terms

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Ming Shing Group Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Ming Shing Group Holdings Ltd (NAS:MSW) » Definitions » Other Current Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

16 Tai Yau Street, 8th Floor, Cheong Tai Factory Building, San Po Kong, Kowloon, Hong Kong, HKG

Website

https://www.ms100.com.hk

Ming Shing Group Holdings Ltd is a holding company, which is primarily operated through its indirectly wholly-owned Hong Kong Operating Subsidiaries, MS (HK) Engineering Limited and MS Engineering Co., Limited. It is engaged in wet trades works, such as plastering works, tile laying works, brick laying works, floor screeding works and marble works. the company is mainly engaged in private-sector projects in Hong Kong. Its private sector projects mainly involve private residential developments and commercial developments. The project owners of its private sector projects are generally property developers, and its customers are generally main contractors and wet trades work subcontractors engaged under such projects.