GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Largan Precision Co Ltd (TPE:3008) » Definitions » Other Current Assets

Largan Precision Co (TPE:3008) Other Current Assets : NT$299 Mil (As of Mar. 2024)


View and export this data going back to 2002. Start your Free Trial

What is Largan Precision Co Other Current Assets?

Largan Precision Co's other current assets for the quarter that ended in Mar. 2024 was NT$299 Mil.

Largan Precision Co's quarterly other current assets declined from Sep. 2023 (NT$279 Mil) to Dec. 2023 (NT$153 Mil) but then increased from Dec. 2023 (NT$153 Mil) to Mar. 2024 (NT$299Mil).

Largan Precision Co's annual other current assets increased from Dec. 2021 (NT$226 Mil) to Dec. 2022 (NT$271 Mil) declined from Dec. 2022 (NT$271 Mil) to Dec. 2023 (NT$153 Mil).


Largan Precision Co Other Current Assets Historical Data

The historical data trend for Largan Precision 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.

* Premium members only.

Largan Precision Co Other Current Assets Chart

Largan Precision Co 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 267.52 1,015.09 225.68 271.24 152.68

Largan Precision 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 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 294.20 360.61 279.49 152.68 299.15

Largan Precision Co 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.


Largan Precision Co Other Current Assets Related Terms

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


Largan Precision Co (TPE:3008) Business Description

Traded in Other Exchanges
N/A
Address
No. 11, Jingke Road, Nantun District, Taichung, TWN, 40852
Largan Precision is the leader in optical lens technology and the world's largest handset lensmaker by value. The company boasts almost 30 years of experience in the production of optical lenses, namely, plastic aspherical lenses, which are widely used to manufacture smartphone cameras. It is a major supplier of high-end handset camera lenses to global smartphone brands such as Apple and Samsung. The firm also produces optical lenses for various applications such as for automobiles, digital cameras, and extended reality headsets. Largan was co-founded in 1987 by Scott Lin, whose sons Lin En Ping and Lin En Zhou serve as the current CEO and Chairman, respectively. Largan is headquartered and mainly operates in Taichung City, Taiwan and employs 7,704 people as of 2023.

Largan Precision Co (TPE:3008) Headlines

No Headlines