{
  "version": "1.3.0",
  "releasedAt": "2026-05-20",
  "kpi": {
    "rogueId": "finance.current_asset_adjustments",
    "slug": "current_asset_adjustments",
    "domain": "finance",
    "defaultLabel": "Current Asset Adjustments",
    "description": "Signed cash effect of period-over-period changes in current assets — accounts receivable, prepaid expenses, deposits, and other short-term assets. Positive when assets are converting back to cash (AR collections, prepaid expenses being consumed); negative when assets are growing and absorbing cash (AR balance up, new prepayments made). Half of the `finance.net_working_capital_adjustment` rollup. Common pitfall: a one-off enterprise prepayment to a vendor (e.g. 12-month infra commit) shows up here as a large negative without the P&L showing the cost yet — flag it explicitly so the board does not read deterioration where there is none.",
    "fieldType": "currency",
    "unit": null,
    "maturity": "general",
    "suggestedForStages": [
      "seriesA",
      "seriesB",
      "seriesC",
      "public"
    ],
    "defaultOwningFunctions": [
      "Finance"
    ],
    "stageRelevance": {
      "seriesA": "recommended",
      "seriesB": "recommended",
      "seriesC": "recommended",
      "public": "recommended"
    },
    "definitionSource": {
      "tier": "editorial",
      "sourceName": "imboard Editorial",
      "sourceUrl": null,
      "sectionRef": null,
      "publicationDate": "2026-04-01",
      "attributionNotice": null
    },
    "formula": "-(Δ accounts_receivable + Δ prepaid_expenses + Δ other_current_assets) for the period. The negative sign converts the balance-sheet direction (asset increase = cash decrease) into a signed cash adjustment.",
    "whyItMatters": "Surfaces the cash impact of growing receivables and prepayments separately from operating spend — important when DSO is moving or large prepaid commitments are taken.",
    "interpretationGuidance": "A sustained negative trend usually means AR is growing faster than collections (DSO lengthening) — pair with sales-side bookings and ARR to confirm. Industry folk-wisdom (not citation-grade): the cash drag from a growing AR book typically peaks late in the year when annual contracts billed in Q4 land as Q1 receipts.",
    "relatedKpiIds": [
      "finance.current_liability_adjustments",
      "finance.net_working_capital_adjustment",
      "finance.operationally_available_cash",
      "finance.working_capital_adjustments_list"
    ],
    "metricBasis": {
      "timeBasis": "period_flow",
      "moneyBasis": "cash",
      "production": "primary"
    }
  }
}