GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Royale Energy Inc (OTCPK:ROYL) » Definitions » Other Current Assets

ROYL (Royale Energy) Other Current Assets : $6.10 Mil (As of Sep. 2024)


View and export this data going back to 1992. Start your Free Trial

What is Royale Energy Other Current Assets?

Royale Energy's other current assets for the quarter that ended in Sep. 2024 was $6.10 Mil.

Royale Energy's quarterly other current assets declined from Mar. 2024 ($5.68 Mil) to Jun. 2024 ($5.45 Mil) but then increased from Jun. 2024 ($5.45 Mil) to Sep. 2024 ($6.10Mil).

Royale Energy's annual other current assets declined from Dec. 2021 ($6.69 Mil) to Dec. 2022 ($5.52 Mil) increased from Dec. 2022 ($5.52 Mil) to Dec. 2023 ($5.55 Mil).


Royale Energy Other Current Assets Historical Data

The historical data trend for Royale Energy'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.

Royale Energy Other Current Assets Chart

Royale Energy Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Other Current Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.90 4.15 6.69 5.52 5.55

Royale Energy Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 8.14 5.55 5.68 5.45 6.10

Royale Energy 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.


Royale Energy Other Current Assets Related Terms

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


Royale Energy Business Description

Traded in Other Exchanges
N/A
Address
1530 Hilton Head Road, Suite 205, El Cajon, CA, USA, 92019
Royale Energy Inc is an independent oil and natural gas producer. The company's business includes the production and sale of oil and natural gas, acquisition of oil and gas lease interests and proved reserves, drilling of both exploratory and development wells, and sales of fractional working interests in wells to be drilled by Royale. Its wells and leases are located in the Sacramento Basin and San Joaquin Basin in California as well as in Utah, Texas, Oklahoma, and Louisiana.
Executives
Jonathan Gregory director, officer: Chief Executive Officer 1870 CORDELL COURT, SUITE 210, EL CAJON CA 92020
Stephen M Hosmer officer: CFO and Secretary 1870 CORDELL COURT, SUITE 210, EL CAJON CA 92020
Barry D Lasker director 1870 CORDELL COURT, SUITE 210, EL CAJON CA 92020
Karen Kerns director, 10 percent owner 1870 CORDELL COURT, SUITE 210, EL CAJON CA 92020
Thomas M Gladney director 1870 CORDELL COURT, SUITE 210, EL CAJON CA 92020
Harry Hosmer director 1870 CORDELL COURT, SUITE 210, EL CAJON CA 92020
Michael Mccaskey director 1870 CORDELL COURT, SUITE 210, EL CAJON CA 92020
Robert J Vogel director 1870 CORDELL COURT, SUITE 210, EL CAJON CA 92020
Mel G Riggs director 1870 CORDELL COURT, SUITE 210, EL CAJON CA 92020
Johnny Jordan director, 10 percent owner, officer: President 1870 CORDELL COURT, SUITE 210, EL CAJON CA 92020
Rod Eson director 1870 CORDELL COURT, SUITE 210, EL CAJON CA 92020
Jeffrey R Kerns director, 10 percent owner 1870 CORDELL COURT, SUITE 210, EL CAJON CA 92020
Ronald Verdier director 1870 CORDELL COURT, SUITE 210, EL CAJON CA 92020
Ronald L Buck director 1870 CORDELL COURT, SUITE 210, EL CAJON CA 92020

Royale Energy Headlines