Current Assets (Historical) Formula in Excel

Gain insight into a company’s liquidity by using the “Current Assets (Historical)” formula in Excel with MarketXLS. This function retrieves the total value of a company’s current assets for a given historical period. These assets typically include cash, marketable securities, accounts receivable, inventory, and other short-term resources that can be converted into cash within one year.

Understanding Current Assets (Historical)

• Purpose: The “Current Assets (Historical)” formula helps users quickly identify a company’s short-term financial health.
• Use Cases:
  • Analyzing liquidity and working capital over time.
  • Comparing quarterly or annual changes in current assets.
  • Assessing the impact of inventory turnover, receivables collection, or other short-term asset management strategies.
• Key Benefits:
  • Provides a historical snapshot of short-term assets.
  • Conveniently integrates with Excel for efficient data analysis.
  • Useful in developing a holistic view of a company’s balance sheet trends.

? Pro Tip: Use this historical data to compare multiple companies’ current assets and identify sudden changes or trends that could impact decision-making.

Syntax and Parameters

=hf_Current_Assets(Symbol, year, [quarter], [TTM])

• Return Value:
  • Returns the total current assets value (numeric).
  • If the symbol is invalid or access is restricted, returns "NA".

?? Note: Ensure you have the appropriate MarketXLS historical fundamentals subscription to avoid “NA” results.

Special Cases and Limitations

• Performance Consideration: Large requests or multiple calls may be slower due to data retrieval over the network.
• Invalid Symbols: If Symbol is not recognized or if license/subscription requirements are not met, the function returns "NA".
• Relative Periods: Using relative inputs like "ly", "lq", or "lt" depends on the data available for the last reported fiscal year or quarter.
• Quarter Defaults: If no quarter is given, the function defaults to the first quarter (quarter = 1).

? Pro Tip: For date-driven inputs, you can generate the year or quarter dynamically in Excel:

• =hf_Current_Assets(A1, YEAR(B1))
• =hf_Current_Assets(A1, TEXT(B1,"yyyy"))

Examples and Usage

Below are a few ways to use the hf_Current_Assets function in Excel:

1. Annual view:

   =hf_Current_Assets("MSFT", 2022)

   Retrieves Microsoft’s current assets for the year 2022.

2. Quarterly view:

   =hf_Current_Assets("MSFT", 2022, 2)

   Fetches Microsoft’s current assets for the second quarter of 2022.

3. Trailing twelve months (TTM):

   =hf_Current_Assets("MSFT", 2022, 3, "TTM")

   Shows the TTM current assets value for the third quarter of 2022.

4. Last quarter references:

   =hf_Current_Assets("MSFT", "lq")
   =hf_Current_Assets("MSFT", "lq-1")

   • "lq": Last quarter.
   • "lq-1": One quarter prior to the last reported quarter.

5. Last year references:

   =hf_Current_Assets("MSFT", "ly")
   =hf_Current_Assets("MSFT", "ly-1")

   • "ly": Last fiscal year
   • "ly-1": One fiscal year before the last year

6. Last 12 months:

   =hf_Current_Assets("MSFT", "lt")
   =hf_Current_Assets("MSFT", "lt-1")

   Calculates current assets data for the last 12 months (depending on the latest reported fiscal data).

?? Note: Quarter references (1, 2, 3, 4) follow the standard calendar quarters unless the company’s fiscal year is different in your data.

Common Questions

1. Why am I getting “NA”?

   • You may be using an invalid Symbol.
   • Your MarketXLS subscription may not include historical fundamentals.
   • Data for the specified period may not be available.

2. Can I reference cells for Symbol and year?

   • Yes, pass cell references directly, e.g., =hf_Current_Assets(A1, B1).
   • For more control, convert date cells to year strings using TEXT or YEAR functions.

3. What if I need data for earlier years?

   • Historical data availability might vary by symbol. Ensure your subscription covers extended history.

4. Are there performance concerns with multiple calls?

   • Large spreadsheets with numerous formulas may experience delays. Consider caching or reducing the number of calls.

5. Related Functions

   • Revenue (Historical)
   • Cost Of Revenue (Historical)
   • Gross Profit (Historical)
   • R & D Expenses (Historical)
   • Selling General and Administrative Expense (Historical)

? Pro Tip: Combine hf_Current_Assets with other historical fundamentals like Cost Of Revenue (Historical) to evaluate a company’s short-term resources in the context of its overall financial performance.