GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » ASK Automotive Ltd (NSE:ASKAUTOLTD) » Definitions » Other Current Assets

ASK Automotive (NSE:ASKAUTOLTD) Other Current Assets : ₹517 Mil (As of Mar. 2025)


View and export this data going back to 2023. Start your Free Trial

What is ASK Automotive Other Current Assets?

ASK Automotive's other current assets for the quarter that ended in Mar. 2025 was ₹517 Mil.

ASK Automotive's quarterly other current assets declined from Sep. 2024 (₹312 Mil) to Dec. 2024 (₹0 Mil) but then increased from Dec. 2024 (₹0 Mil) to Mar. 2025 (₹517Mil).

ASK Automotive's annual other current assets increased from Mar. 2023 (₹300 Mil) to Mar. 2024 (₹607 Mil) declined from Mar. 2024 (₹607 Mil) to Mar. 2025 (₹517 Mil).


ASK Automotive Other Current Assets Historical Data

The historical data trend for ASK Automotive'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.

ASK Automotive Other Current Assets Chart

ASK Automotive Annual Data
Trend Mar21 Mar22 Mar23 Mar24 Mar25
Other Current Assets
113.35 108.19 300.33 606.90 516.50

ASK Automotive Quarterly Data
Mar21 Mar22 Jun22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
Other Current Assets Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 606.90 - 312.30 - 516.50

ASK Automotive 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.


ASK Automotive Other Current Assets Related Terms

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


ASK Automotive Business Description

Traded in Other Exchanges
Address
Sector 5, IMT Manesar, Plot No - 13-14, Gurgaon, HR, IND, 122 050
ASK Automotive Ltd is a manufacturer of brake-shoe and advanced braking systems for two-wheelers in India. The product range of the company includes AB systems; aluminum lightweight precision, wheel assembly to 2W OEMs; and safety control cables The company operates in India as well as overseas.

ASK Automotive Headlines

No Headlines