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Genuine Parts Co's other current assets for the quarter that ended in Mar. 2024 was $1,596 Mil.
Genuine Parts Co's quarterly other current assets increased from Sep. 2023 ($1,498 Mil) to Dec. 2023 ($1,604 Mil) but then declined from Dec. 2023 ($1,604 Mil) to Mar. 2024 ($1,596Mil).
Genuine Parts Co's annual other current assets increased from Dec. 2021 ($1,354 Mil) to Dec. 2022 ($1,533 Mil) increased from Dec. 2022 ($1,533 Mil) to Dec. 2023 ($1,604 Mil).
The historical data trend for Genuine Parts 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.
Genuine Parts Co Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Other Current Assets | Get a 7-Day Free Trial | 1,777.50 | 1,060.36 | 1,353.85 | 1,532.76 | 1,603.73 |
Genuine Parts Co Quarterly Data | ||||||||||||||||||||
Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | |
Other Current Assets | Get a 7-Day Free Trial | 1,532.81 | 1,486.56 | 1,497.68 | 1,603.73 | 1,595.57 |
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 Genuine Parts Co's Other Current Assets provided by GuruFocus.com. Please click on the following links to see related term pages.
Gary P Fayard | director | ONE COCA COLA PLAZA, ATLANTA GA 30313 |
John D Johns | director | PO BOX 2606, BIRMINGHAM AL 35202 |
Juliette Williams Pryor | director | 1000 LOWE'S BOULEVARD, MOORESVILLE NC 28117 |
John R Holder | director | 999 PEACHTREE ST NE, SUITE 688, ATLANTA GA 30309 |
Donna Westbrook Hyland | director | 3344 PEACHTREE ROAD NE STE 1800, ATLANTA GA 30326 |
Paul Russell Hardin | director | 2999 WILDWOOD PARKWAY SE, ATLANTA GA 30339 |
Richard Jr Cox | director | 2999 WILDWOOD PARKWAY, ATLANTA GA 30339 |
Paul D Donahue | director, officer: Chairman and CEO | 214 N TRYON STREET, CHARLOTTE NC 28202 |
Loudermilk Robert C Jr | director | 309 E. PACES FERRY RD N.E., ATLANTA GA 30305-2377 |
Darren M Rebelez | director | 1722 ROUTH STREET, SUITE 1000, DALLAS TX 75201-2502 |
Randall P Breaux | officer: Group President, GPC N.A. | 5711 R S BOREHAM JR ST, P O BOX 2400, FORT SMITH AR 72902 |
Naveen Krishna | officer: EVP, CIDO | 2999 WILDWOOD PKWY, ATLANTA GA 30339 |
Wendy B Needham | director | 2999 CIRCLE 75 PRKWAY, ATLANTA GA 30339 |
Christopher T Galla | officer: SVP and General Counsel | 2999 WILDWOOD PKWY, ATLANTA GA 30339 |
Wood E Jenner Iii | director | SUNTRUST BANKS INC, P O BOX 4418 MC643, ATLANTA GA 30302 |
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