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Taiwan Special Chemicals (ROCO:4772) Other Current Assets : NT$6.8 Mil (As of Dec. 2023)


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What is Taiwan Special Chemicals Other Current Assets?

Taiwan Special Chemicals's other current assets for the quarter that ended in Dec. 2023 was NT$6.8 Mil.

Taiwan Special Chemicals's quarterly other current assets declined from Dec. 2022 (NT$2.8 Mil) to Jun. 2023 (NT$2.6 Mil) but then increased from Jun. 2023 (NT$2.6 Mil) to Dec. 2023 (NT$6.8Mil).

Taiwan Special Chemicals's annual other current assets increased from Dec. 2021 (NT$2.3 Mil) to Dec. 2022 (NT$2.8 Mil) increased from Dec. 2022 (NT$2.8 Mil) to Dec. 2023 (NT$6.8 Mil).


Taiwan Special Chemicals Other Current Assets Historical Data

The historical data trend for Taiwan Special Chemicals'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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Taiwan Special Chemicals Other Current Assets Chart

Taiwan Special Chemicals Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Other Current Assets
34.41 17.79 2.34 2.76 6.79

Taiwan Special Chemicals Semi-Annual Data
Dec19 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Other Current Assets Get a 7-Day Free Trial 2.34 3.06 2.76 2.65 6.79

Taiwan Special Chemicals 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.


Taiwan Special Chemicals Other Current Assets Related Terms

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Taiwan Special Chemicals (ROCO:4772) Business Description

Traded in Other Exchanges
N/A
Address
No.1, Zhangbin West 3rd Road, Changhua County, Xianxi Township, TWN, 507
Taiwan Special Chemicals Corp is a developer and manufacturer of semiconductor special gas and semiconductor chemical materials.

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