Common-Size Balance Sheet: Assets
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- Income Statement
- Statement of Comprehensive Income
- Balance Sheet: Assets
- Balance Sheet: Liabilities and Stockholders’ Equity
- Common-Size Income Statement
- Common-Size Balance Sheet: Liabilities and Stockholders’ Equity
- Analysis of Solvency Ratios
- Dividend Discount Model (DDM)
- Total Asset Turnover since 2005
- Price to Sales (P/S) since 2005
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Analog Devices Inc., common-size consolidated balance sheet: assets
Based on: 10-K (reporting date: 2024-11-02), 10-K (reporting date: 2023-10-28), 10-K (reporting date: 2022-10-29), 10-K (reporting date: 2021-10-30), 10-K (reporting date: 2020-10-31), 10-K (reporting date: 2019-11-02).
- Cash and Cash Equivalents
- The proportion of cash and cash equivalents relative to total assets exhibited fluctuations over the observed periods. It increased from 3.03% in 2019 to a peak of 4.92% in 2020, followed by a decline to 1.96% in 2023, before rising again to 4.13% in 2024. The variation suggests changing liquidity management priorities or fluctuations in cash reserves.
- Short-term Investments
- Short-term investments were not reported until 2024, where they accounted for 0.77% of total assets, indicating a recent shift towards or identification of such investments in the asset structure.
- Accounts Receivable Less Allowances
- This asset category showed modest variability, starting at 2.97% in 2019, increasing slightly to 3.44% in 2020, declining again in subsequent years and ending at 2.77% in 2024. The relatively stable range points to consistent account receivable management over time.
- Inventories
- Inventory levels as a percentage of total assets were fairly stable, decreasing slightly from 2.85% in 2019 to a low of 2.29% in 2021, but then rising to a peak of 3.37% in 2023 before a slight reduction to 3.0% in 2024. This pattern may denote inventory buildup in response to anticipated demand or supply considerations followed by normalization.
- Prepaid Expenses and Other Current Assets
- These assets displayed irregular changes, with a notable increase to 1.42% in 2021 after which the proportion decreased and remained around 0.5-0.7% in other years. This suggests episodic shifts in prepaid items or other current asset components.
- Current Assets
- The aggregate of current assets as a percentage of total assets showed a spike in 2020 at 11.73%, decreasing afterwards to a low of 8.98% in 2023, followed by a rise to 11.37% in 2024. This reflects overall fluctuations in short-term asset allocation, influenced largely by variations in cash equivalents and receivables.
- Net Property, Plant, and Equipment
- A downward trend was apparent between 2019 and 2021, dropping from 5.7% to 3.78%, followed by a steady increase to 7.08% by 2024. This indicates an initial reduction or depreciation of tangible fixed assets, succeeded by reinvestment or acquisitions enhancing the property and equipment base.
- Goodwill
- Goodwill represented the largest portion of total assets, consistently exceeding 50%, ranging from 51.45% to 57.29%. After a decline in 2021, goodwill increased steadily through 2024, suggesting ongoing acquisitions or sustained intangible asset value growth within the company.
- Intangible Assets, Net
- Intangible assets showed considerable variation: a decrease from 19.71% in 2019 to 17.0% in 2020, followed by a significant rise to 29.18% in 2021, and a gradual decline through 2024 down to 19.88%. Such volatility indicates fluctuations in the valuation or amortization of intangible assets over time.
- Deferred Tax Assets
- Deferred tax assets gradually declined from 7.4% in 2019 to around 4.3%-4.5% thereafter, reflecting either the realization of these assets or changes in tax positions.
- Other Assets
- The proportion of other assets increased from 0.61% in 2019 to approximately 1.5% by 2024, indicating a growing share of smaller or miscellaneous asset categories within the total assets.
- Non-current Assets
- Non-current assets as a fraction of total assets remained high throughout, fluctuating slightly around 89-91%, with a small decline to 88.63% in 2024. This underscores a predominantly long-term asset structure consistent across the period.