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MagnaChip Semiconductor's other current assets for the quarter that ended in Mar. 2024 was $19.8 Mil.
MagnaChip Semiconductor's quarterly other current assets declined from Sep. 2023 ($36.3 Mil) to Dec. 2023 ($17.7 Mil) but then increased from Dec. 2023 ($17.7 Mil) to Mar. 2024 ($19.8Mil).
MagnaChip Semiconductor's annual other current assets increased from Dec. 2021 ($13.4 Mil) to Dec. 2022 ($29.3 Mil) declined from Dec. 2022 ($29.3 Mil) to Dec. 2023 ($17.7 Mil).
The historical data trend for MagnaChip Semiconductor'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.
MagnaChip Semiconductor Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Other Current Assets | Get a 7-Day Free Trial | 128.66 | 21.90 | 13.35 | 29.27 | 17.67 |
MagnaChip Semiconductor 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 | 28.99 | 30.74 | 36.35 | 17.67 | 19.81 |
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 MagnaChip Semiconductor's Other Current Assets provided by GuruFocus.com. Please click on the following links to see related term pages.
Camillo Martino | director | 60 SOUTH MARKET STREET, STE 750, SAN JOSE CA 95113 |
Young-joon Kim | director, officer: See Remarks | C/O MAGNACHIP SEMICONDUCTOR CORPORATION, 20400 STEVENS CREEK BOULEVARD, SUITE 370, CUPERTINO CA 95014 |
Woung Moo Lee | officer: See Remarks | C/O MAGNACHIP SEMICONDUCTOR, INC., 60 SOUTH MARKET STREET, SUITE 750, SAN JOSE CA 95113 |
Theodore S Kim | officer: See Remarks | C/O MAGNACHIP SEMICONDUCTOR, INC., 20400 STEVENS CREEK BLVD., SUITE 370, CUPERTINO CA 95014 |
Brigade Capital Management, Lp | 10 percent owner | 399 PARK AVENUE, 16TH FLOOR, NEW YORK NY 10022 |
Brigade Leveraged Capital Structures Fund Ltd. | 10 percent owner | ONE NEXUS WAY, CAMANA BAY, GRAND CAYMAN E9 KY1-9005 |
Ilbok Lee | director | C/O MAGNACHIP SEMICONDUCTOR, INC, 20400 STEVENS CREEK BOULEVARD, SUITE 370, CUPERTINO CA 95014 |
Kyo-hwa Liz Chung | director | C/O MAGNACHIP SEMICONDUCTOR CORPORATION, 60 SOUTH MARKET STREET, SUITE 750, SAN JOSE CA 95113 |
Chan Ho Park | officer: See Remarks | 60 SOUTH MARKET STREET, SUITE 750, SAN JOSE CA 95113 |
Young Soo Woo | officer: See Remarks | 60 SOUTH MARKET STREET, SUITE 750, SAN JOSE CA 95113 |
Shin Young Park | officer: See Remarks | 60 SOUTH MARKET STREET, SUITE 750, SAN JOSE CA 95113 |
Randal T Klein | director | C/O AVENUE CAPITAL MANAGEMENT II, L.P., 535 MADISON AVENUE, NEW YORK NY 10022 |
Melvin L Keating | director | 18 DRIFTWOOD DRIVE, LIVINGSTON NJ 07039 |
Tavakoli Nader | director | 551 FIFTH AVE 334TH FL, NEW YORK NY 10176 |
Jonathan W Kim | officer: See Remarks | C/O MAGNACHIP SEMICONDUCTOR, INC., 20400 STEVENS CREEK BLVD., SUITE 370, CUPERTINO CA 95014 |
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