Caravelle International Group (Caravelle International Group) Other Current Assets : $20.2 Mil (As of Apr. 2023)

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What is Caravelle International Group Other Current Assets?

Caravelle International Group's other current assets for the quarter that ended in Apr. 2023 was $20.2 Mil.

Caravelle International Group's quarterly other current assets declined from Apr. 2022 ($9.3 Mil) to Oct. 2022 ($7.0 Mil) but then increased from Oct. 2022 ($7.0 Mil) to Apr. 2023 ($20.2Mil).

Caravelle International Group's annual other current assets increased from Oct. 2020 ($4.2 Mil) to Oct. 2021 ($7.9 Mil) declined from Oct. 2021 ($7.9 Mil) to Oct. 2022 ($7.0 Mil).

Caravelle International Group Other Current Assets Historical Data

The historical data trend for Caravelle International Group'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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Caravelle International Group Other Current Assets Chart

Caravelle International Group Annual Data

Trend

Oct20

Oct21

Oct22

Other Current Assets

4.25

7.92

6.95

Caravelle International Group Semi-Annual Data
	Oct20	Apr21	Oct21	Apr22	Oct22	Apr23
Other Current Assets	Get a 7-Day Free Trial			-	7.92	9.29	6.95	20.25

Caravelle International Group 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.

Caravelle International Group Other Current Assets Related Terms

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Caravelle International Group (Caravelle International Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Caravelle International Group (NAS:CACO) » Definitions » Other Current Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

60 Paya Lebar Road, No. 06-17 Paya Lebar Square, Singapore, SGP, 409051

Website

http://www.caravelleglobal.com

Caravelle International Group is an international operator of ocean transportation services. It is engaged in the seaborne transportation service under voyage contracts as well as vessel service for and on behalf of ship owners. The company has two operating segments namely, ocean transport and Heating business. The company derives the majority of its revenue from the Ocean transportation business. The company primarily derives freight revenue from voyage contracts and provides vessel service.