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Archer-Daniels Midland Co's other current assets for the quarter that ended in Dec. 2023 was $9,946 Mil.
Archer-Daniels Midland Co's quarterly other current assets increased from Jun. 2023 ($10,899 Mil) to Sep. 2023 ($11,144 Mil) but then declined from Sep. 2023 ($11,144 Mil) to Dec. 2023 ($9,946Mil).
Archer-Daniels Midland Co's annual other current assets increased from Dec. 2021 ($10,714 Mil) to Dec. 2022 ($12,033 Mil) declined from Dec. 2022 ($12,033 Mil) to Dec. 2023 ($9,946 Mil).
The historical data trend for Archer-Daniels Midland Co'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.
Archer-Daniels Midland Co Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Other Current Assets | Get a 7-Day Free Trial | 6,119.00 | 9,923.00 | 10,714.00 | 12,033.00 | 9,946.00 |
Archer-Daniels Midland Co 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 | 12,033.00 | 11,775.00 | 10,899.00 | 11,144.00 | 9,946.00 |
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 Archer-Daniels Midland Co's Other Current Assets provided by GuruFocus.com. Please click on the following links to see related term pages.
Regina Jones | officer: Senior Vice President | 7102 COMMERCE WAY, BRENTWOOD TN 37027 |
Strader Fruit Molly L | officer: Vice Pres., Corp. Controller | 77 WEST WACKER DRIVE, SUITE 4600, CHICAGO IL 60601 |
Brabander Ellen De | director | 2500 INNOVATION WAY, GREENFIELD IN 46140 |
D Cameron Findlay | officer: Senior Vice President | 77 W. WACKER DR., SUITE 2600, CHICAGO IL 60601 |
Juan R Luciano | officer: Executive V.P. & COO | 77 W. WACKER DR., SUITE 4600, CHICAGO IL 60601 |
Francisco J Sanchez | director | 77 W. WACKER DR., SUITE 4600, CHICAGO IL 60601 |
Gregory A Morris | officer: Senior Vice President | 77 W. WACKER DR., SUITE 4600, CHICAGO IL 60601 |
Collins James C. Jr. | director | 1007 MARKET STREET, D-9058, WILMINGTON DE 19898 |
Vikram Luthar | officer: Vice President & Treasurer | ARCHER-DANIELS-MIDLAND COMPANY, 77 WEST WACKER DRIVE, SUITE 4600, CHICAGO IL 60601 |
Christopher M Cuddy | officer: President-Corn | 77 W. WACKER DR., SUITE 4600, CHICAGO IL 60601 |
Vincent F Macciocchi | officer: Senior Vice President | 77 W. WACKER DR., SUITE 4600, CHICAGO IL 60601 |
Ray G Young | officer: Sr. Vice President | 77 WEST WACKER DR., SUITE 4600, CHICAGO IL 60601 |
Theodore Iii Colbert | director | C/O THE BOEING COMPANY, 100 RIVERSIDE PLAZA, CHICAGO IL 60606-1596 |
Jennifer L Weber | officer: Senior Vice President | 1000 LOWES BOULEVARD, MOORESVILLE NC 28117 |
Joseph D. Taets | officer: Vice President | 77 W. WACKER DR., SUITE 4600, CHICAGO IL 60601 |
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