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VOXX International's other current assets for the quarter that ended in Nov. 2023 was $20.3 Mil.
VOXX International's quarterly other current assets declined from May. 2023 ($20.4 Mil) to Aug. 2023 ($19.8 Mil) but then increased from Aug. 2023 ($19.8 Mil) to Nov. 2023 ($20.3Mil).
VOXX International's annual other current assets declined from Feb. 2021 ($22.3 Mil) to Feb. 2022 ($21.3 Mil) declined from Feb. 2022 ($21.3 Mil) to Feb. 2023 ($19.8 Mil).
The historical data trend for VOXX International'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.
VOXX International Annual Data | |||||||||||||||||||||
Trend | Feb14 | Feb15 | Feb16 | Feb17 | Feb18 | Feb19 | Feb20 | Feb21 | Feb22 | Feb23 | |||||||||||
Other Current Assets | Get a 7-Day Free Trial | 10.45 | 10.89 | 22.27 | 21.34 | 19.82 |
VOXX International Quarterly Data | ||||||||||||||||||||
Feb19 | May19 | Aug19 | Nov19 | Feb20 | May20 | Aug20 | Nov20 | Feb21 | May21 | Aug21 | Nov21 | Feb22 | May22 | Aug22 | Nov22 | Feb23 | May23 | Aug23 | Nov23 | |
Other Current Assets | Get a 7-Day Free Trial | 20.40 | 19.82 | 20.40 | 19.82 | 20.26 |
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 VOXX International's Other Current Assets provided by GuruFocus.com. Please click on the following links to see related term pages.
Beat Kahli | 10 percent owner | AVALON GROUP INTERNATIONAL, LLC, 3801 AVALON PARK EAST BLVD., STE 400, ORLANDO FL 32828 |
Steven R Downing | director | 14814 CREEK EDGE DRIVE, HOLLAND MI 49424 |
Peter A Lesser | director | C/O AUDIOVOX CORP, 180 MARCUS BLVD., HAUPPAUGE NY 11788-0518 |
Patrick M Lavelle | director, officer: Senior Vice President | 150 MARCUS BLVD, PO BOX 18000, HAUPPAUGE NY 11788 |
John J Shalam | director, 10 percent owner, officer: President and C.E.O. | 180 MARCUS BLVD, PO BOX 12427, HAUPPAGE NY 11788-0518 |
Holding Ag Kahli | 10 percent owner | RIESBACHSTRASSE 57, ZURICH V8 8008 |
Edward David Mas | officer: President Voxx Automotive Corp | C/O VOXX INTERNATIONAL CORPORATION, 180 MARCUS BOULEVARD, HAUPPAUGE NY 11788 |
John Jr Adamovich | director | 180 MARCUS BLVD, C/O VOXX INTERNATIONAL CORPORATION, HAUPPAUGE NY 11788 |
Kreuch Paul C Jr | director | C/O 180 MARCUS BLVD., PO BOX 12427, HAUPPAUGE NY 11788-0518 |
Ari Shalam | director | C/O AUDIOVOX CORP, 150 MARCUS BLVD, HAUPPAUGE NY 11788 |
Denise W. Gibson | director | 140 SCHOOL STREET, LIBERTYVILLE IL 60048 |
Oscar Leonard Bernardo | officer: COO Klipsch Group Inc. | C/O VOXX INTERNATIONAL CORPORATION, 180 MARCUS BLVD, HAUPPAUGE NY 11788 |
Ian Sebastian Geise | officer: President Voxx Accessories | C/O VOXX INTERNATIONAL CORPORATION, 180 MARCUS BLVD, HAUPPAUGE NY 11788 |
Michael F Klipsch | officer: Pres. Global Operations of KGI | 180 MARCUS BOULEVARD, C/O AUDIOVOX CORPORATION, HAUPPAUGE X1 11788 |
Ludwig Geis | officer: CEO VOXX Hirschmann Corp | STUTTGARTER STRASSE 45 - 51, NECKARTENZLINGEN 2M 72654 |
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