Common-Size Balance Sheet: Assets
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Apple Inc., common-size consolidated balance sheet: assets
Based on: 10-K (reporting date: 2024-09-28), 10-K (reporting date: 2023-09-30), 10-K (reporting date: 2022-09-24), 10-K (reporting date: 2021-09-25), 10-K (reporting date: 2020-09-26), 10-K (reporting date: 2019-09-28).
- Cash and Cash Equivalents
- The proportion of cash and cash equivalents relative to total assets exhibits a declining trend over the examined periods, decreasing from 14.43% in 2019 to 8.2% in 2024. Notably, the sharpest reductions occurred between 2019 and 2022, followed by minor fluctuations thereafter.
- Current Marketable Securities
- This category first rose slightly from 15.28% in 2019 to 16.34% in 2020 but then experienced a significant decline to 7.89% in 2021. Subsequently, the percentage modestly recovered to 9.65% by 2024, indicating some improvement in liquid market investments after the dip.
- Accounts Receivable, Net
- Accounts receivable as a percentage of total assets showed a U-shaped pattern. Initially, it decreased from 6.77% in 2019 to 4.98% in 2020, then increased consistently to reach 9.15% in 2024, reflecting a rising amount of credit extended to customers over time.
- Vendor Non-Trade Receivables
- This asset segment remained relatively stable, fluctuating mildly around 6.7% in 2019 and increasing to about 9% in 2024. The data suggests a gradual increase in receivables related to vendors or non-trade items.
- Inventories
- Inventory levels as a percentage of total assets display a gradual increase from 1.21% in 2019 to 2% in 2024. This indicates a steady growth in stock holdings over the periods.
- Other Current Assets
- The share of other current assets initially declined slightly from 3.65% in 2019 to 3.48% in 2020, increased significantly to 6.02% in 2022, and then decreased again to 3.91% in 2024. The volatility in this item may reflect changing compositions or reclassifications within current asset categories.
- Current Assets
- The overall proportion of current assets relative to total assets dropped from 48.1% in 2019 to a low of 38.38% in 2022 but rebounded moderately to 41.92% in 2024. This pattern suggests an initial reduction in liquidity or short-term asset holdings, followed by a partial recovery.
- Non-Current Marketable Securities
- Non-current marketable securities decreased significantly from 31.12% in 2019 to 25.06% in 2024, with a peak at 36.43% in 2021. This decline denotes a reduction in longer-term investment securities over the years, particularly notable after 2021.
- Property, Plant and Equipment, Net
- This asset category showed a steady and moderate increase from 11.04% in 2019 to 12.52% in 2024, indicating ongoing investments or capitalization in fixed assets.
- Deferred Tax Assets
- Deferred tax assets as a percentage of total assets increased consistently from 2.38% in 2019 to 5.34% in 2024, representing growing deferred tax benefits or timing differences recognized on the balance sheet.
- Other Non-Current Assets
- There are two entries labeled as other non-current assets, both indicating upward trends. One increased from 7.37% in 2019 to 15.16% in 2024, and the other from 9.74% to 20.5% during the same period. This suggests a substantial increase in miscellaneous non-current asset components.
- Non-Current Assets
- The overall proportion of non-current assets increased from 51.9% in 2019, peaking around 61.62% in 2022, followed by a slight decrease to 58.08% in 2024. This demonstrates a shift towards greater long-term asset composition, although with minor recent declines.
- Total Assets
- Total assets remain consistently at 100% in every period, serving as the reference point for all other proportional calculations.