Other Current Assets (Historical) Formula in Excel
Quickly retrieve and analyze a company's other current assets data for any given historical period with the Other Current Assets (Historical) formula by MarketXLS. This Excel function empowers investors, analysts, and finance professionals to track assets that can be promptly turned into cash within a single business cycle. Utilize this data for evaluating liquidity, benchmarking companies, and making more informed decisions.
Understanding Other Current Assets (Historical)
The Other Current Assets (Historical) value provides insights into additional forms of short-term assets that are not explicitly categorized under common current assets (like cash, accounts receivable, and inventory). Knowing this figure helps you:
- Evaluate liquidity: Determine how quickly a company can access funds.
- Enhance financial analysis: Combine this data with other metrics (e.g., revenue, cost of revenue) for accurate ratio analysis.
- Monitor financial health: Compare historical other current assets over time to assess stability or growth.
Syntax and Parameters
Syntax
=hf_Other_Current_Assets(Symbol, Year, [Quarter], [TTM])?? Note: Parameters in square brackets ([ ]) are optional.
Parameters
| Parameter | Description | Required | Example |
|---|---|---|---|
Symbol |
The stock or asset symbol to retrieve data for. Can be a cell reference or a direct string (e.g., "MSFT", "^SPX", "@MSFT 110122C00020000", "BTCUSD:DEFAULT"). | Yes | "MSFT" |
Year |
The specific year or a shorthand for last-year (ly), last-quarter (lq), or last-twelve-months (lt). | Yes | 2022, "ly", "lq-1", "lt" |
Quarter |
The quarter number (1 to 4). Defaults to "1" if not specified. | No | 2 |
TTM |
Use "TTM" for trailing twelve months data. Leave blank for standard year or quarter data. | No | "TTM" |
Return Value
- Returns a numeric value representing other current assets for the specified year/quarter.
- Returns "NA" if the symbol is invalid, the license is not valid, or any unexpected error occurs.
? Pro Tip: Use the function with date inputs in various ways:
• Cell reference:=hf_Other_Current_Assets(A1, 2024)
• Direct string date:=hf_Other_Current_Assets("MSFT", "2024-03-15")
• Excel date function:=hf_Other_Current_Assets("MSFT", TEXT(A1,"yyyy-mm-dd"))
Examples and Usage
Here are some practical examples of using the Other Current Assets (Historical) formula in Excel:
-
Basic call using symbol and year:
=hf_Other_Current_Assets("MSFT", 2022)Retrieves other current assets for Microsoft in 2022.
-
With quarter specified:
=hf_Other_Current_Assets("MSFT", 2022, 2)Returns the other current assets for Q2 of 2022.
-
Including TTM for trailing twelve months:
=hf_Other_Current_Assets("MSFT", 2022, 3, "TTM")Provides the TTM figure for the third quarter of 2022.
-
Using shorthand for last quarter:
=hf_Other_Current_Assets("MSFT", "lq")Returns the most recent last quarter data available for other current assets.
?? Note: If you receive "NA", double-check the symbol, year/quarter, or ensure your MarketXLS license is valid.
Common Questions
What if the function returns "NA"?
An "NA" result often indicates:
- An invalid or unsupported symbol.
- Licensing constraints or an expired subscription.
- A year/quarter combination that doesn’t have data.
How can I improve performance while using multiple formulas?
- Consider using fewer calls for large datasets. Gather data for multiple symbols in smaller batches.
- Close and reopen Excel if memory usage gets high.
Can I use this formula for international symbols or cryptocurrencies?
Yes, you can supply various asset types, including:
- Regular stocks:
"MSFT" - Indices:
"^SPX" - Options:
"@MSFT 110122C00020000" - Cryptocurrencies:
"BTCUSD:DEFAULT"
By leveraging the Other Current Assets (Historical) formula in Excel with MarketXLS, you gain rapid access to key historical asset metrics, enabling more informed and timely financial decisions.
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