RFBC (Romana Food Blockchain) Other Current Assets: $1.32 Mil (As of Jan. 2018)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

What is Romana Food Blockchain Other Current Assets?

Romana Food Blockchain RFBC -99.00% Other Current Assets is $1.32 Mil as of Jan. 2018.

Romana Food Blockchain's other current assets for the quarter that ended in Jan. 2018 was $1.32 Mil.

Romana Food Blockchain's quarterly other current assets stayed the same from Apr. 2017 ($0.00 Mil) to Jul. 2017 ($0.00 Mil) but then increased from Jul. 2017 ($0.00 Mil) to Jan. 2018 ($1.32Mil).

Romana Food Blockchain's annual other current assets declined from Oct. 2015 ($0.01 Mil) to Oct. 2016 ($0.01 Mil) increased from Oct. 2016 ($0.01 Mil) to Oct. 2017 ($1.13 Mil).

Romana Food Blockchain Other Current Assets Related Terms

Romana Food Blockchain Other Current Assets Historical Data

* Premium members only.

The historical data trend for Romana Food Blockchain'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.

Romana Food Blockchain Other Current Assets Chart

Romana Food Blockchain Annual Data
Trend Oct08 Oct09 Oct10 Oct11 Oct12 Oct13 Oct14 Oct15 Oct16 Oct17
Other Current Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.01 0.01 1.13

Romana Food Blockchain Quarterly Data
Jan12 Apr12 Jul12 Oct12 Jan13 Apr13 Jul13 Oct13 Jan14 Apr14 Jul14 Oct14 Jan15 Apr15 Jul15 Oct15 Jan17 Apr17 Jul17 Jan18
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 0.01 0.00 0.00 0.00 1.32

Romana Food Blockchain 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.

Frequently Asked Questions Learn more about Other Current Assets →
What does a Other Current Assets of $1.32 Mil mean?
Romana Food Blockchain (RFBC) has a Other Current Assets of $1.32 Mil as of Jan. 2018. Other current assets as record on a company's balance sheet not categorized as standard assets. View historical data on Romana Food Blockchain.
Is Romana Food Blockchain's Other Current Assets too high?
Romana Food Blockchain's current Other Current Assets is $1.32 Mil.
How does Romana Food Blockchain's Other Current Assets compare to FVRG?
Romana Food Blockchain's Other Current Assets of $1.32 Mil can be compared against companies in the Consumer Packaged Goods industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Other Current Assets for a Consumer Packaged Goods company?
A good Other Current Assets depends on the Consumer Packaged Goods industry context. However, Other Current Assets should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Other Current Assets mean?
A high Other Current Assets can signal that a stock is expensive relative to its fundamentals. Other current assets as record on a company's balance sheet not categorized as standard assets. View historical data on Romana Food Blockchain. Romana Food Blockchain's current Other Current Assets is $1.32 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Romana Food Blockchain stock overvalued right now?
Romana Food Blockchain (RFBC) has a current Other Current Assets of $1.32 Mil. The current Other Current Assets is $1.32 Mil. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Other Current Assets calculated?
Other Current Assets is calculated from a company's financial statements. For Romana Food Blockchain (RFBC), the current Other Current Assets is $1.32 Mil as of Jan. 2018. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Romana Food Blockchain Business Description

Address 2910 South Sheridan Way, Oakville, ON, CAN, L6J 7J8
Romana Food Blockchain Corp is a USA based company that owns and operates a food processing plants specializing in Italian products. Its clients include Costco, Imvescor, Loblaws, Maxi, Metro, Provigo, Sobeys, Super C, and Trader Joe's.