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Ubiquiti's other current assets for the quarter that ended in Dec. 2023 was $153 Mil.
Ubiquiti's quarterly other current assets increased from Jun. 2023 ($147 Mil) to Sep. 2023 ($170 Mil) but then declined from Sep. 2023 ($170 Mil) to Dec. 2023 ($153Mil).
Ubiquiti's annual other current assets increased from Jun. 2021 ($37 Mil) to Jun. 2022 ($103 Mil) increased from Jun. 2022 ($103 Mil) to Jun. 2023 ($147 Mil).
The historical data trend for Ubiquiti'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.
Ubiquiti Annual Data | |||||||||||||||||||||
Trend | Jun14 | Jun15 | Jun16 | Jun17 | Jun18 | Jun19 | Jun20 | Jun21 | Jun22 | Jun23 | |||||||||||
Other Current Assets | Get a 7-Day Free Trial | 25.47 | 15.00 | 37.36 | 102.85 | 147.20 |
Ubiquiti Quarterly Data | ||||||||||||||||||||
Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | |
Other Current Assets | Get a 7-Day Free Trial | 88.91 | 110.00 | 147.20 | 169.95 | 153.06 |
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:
The assets grouped under other current assets are most commonly:
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.
Thank you for viewing the detailed overview of Ubiquiti's Other Current Assets provided by GuruFocus.com. Please click on the following links to see related term pages.
Ronald Sege | director | 350 CAMPUS DRIVE, MARLBOROUGH MA 01752 |
Brandon Arrindell | director | UBIQUITI INC., 685 THIRD AVENUE, 27TH FLOOR, NEW YORK NY 10017 |
Benjamin Moore | officer: VP Business Development | 91 E. TASMAN DRIVE, SAN JOSE CA 95134 |
Robert J Pera | director, 10 percent owner, officer: Chief Executive Officer | 2580 ORCHARD PARKWAY, SAN JOSE CA 95131 |
Rafael Torres | director | 4359 RED MAPLE CT, SAN JOSE CA 95138 |
Michael E. Hurlston | director | 5300 CALIFORNIA AVENUE, IRVINE CA 92617 |
Kevin Radigan | officer: Chief Accounting Officer | 685 THIRD AVE, 27TH FLOOR, NEW YORK NY 10017 |
Mark Spragg | officer: Interim CAO | 2580 ORCHARD PARKWAY, SAN JOSE CA 95131 |
John Sanford | officer: Chief Technology Officer | 91 E. TASMAN DRIVE, SAN JOSE CA 95134 |
Steven R Altman | director | |
Peter Y Chung | director | C/O SUMMIT PARTNERS, 222 BERKELEY STREET, 18TH FLR, BOSTON MA 02116 |
Summit Partners Private Equity Fund Vii-a, L.p. | 10 percent owner | C/O SUMMIT PARTNERS, 222 BERKELEY STREET, 18TH FLOOR, BOSTON MA 02110 |
Fitzgerald Charles James Jr | director | SUMMIT PARTNERS, 222 BERKELEY STREET, 18TH FLOOR, BOSTON MA 02116 |
Summit Partners L P | other: Manager of GP of 10% owner. | 222 BERKELEY STREET, 18TH FLOOR, BOSTON MA 02116 |
Jessica Zhou | officer: General Counsel & VP | UBIQUITI NETWORKS, INC., 91 E. TASMAN DRIVE, SAN JOSE CA 95134 |
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