Stock Analysis on Net

Applied Materials Inc. (NASDAQ:AMAT)

$24.99

Common-Size Balance Sheet: Assets
Quarterly Data

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Applied Materials Inc., common-size consolidated balance sheet: assets (quarterly data)

Microsoft Excel
Apr 27, 2025 Jan 26, 2025 Oct 27, 2024 Jul 28, 2024 Apr 28, 2024 Jan 28, 2024 Oct 29, 2023 Jul 30, 2023 Apr 30, 2023 Jan 29, 2023 Oct 30, 2022 Jul 31, 2022 May 1, 2022 Jan 30, 2022 Oct 31, 2021 Aug 1, 2021 May 2, 2021 Jan 31, 2021 Oct 25, 2020 Jul 26, 2020 Apr 26, 2020 Jan 26, 2020 Oct 27, 2019 Jul 28, 2019 Apr 28, 2019 Jan 27, 2019
Cash and cash equivalents
Short-term investments
Accounts receivable, net
Inventories
Other current assets
Current assets
Long-term investments
Property, plant and equipment, net
Goodwill
Purchased technology and other intangible assets, net
Deferred income taxes and other assets
Non-current assets
Total assets

Based on: 10-Q (reporting date: 2025-04-27), 10-Q (reporting date: 2025-01-26), 10-K (reporting date: 2024-10-27), 10-Q (reporting date: 2024-07-28), 10-Q (reporting date: 2024-04-28), 10-Q (reporting date: 2024-01-28), 10-K (reporting date: 2023-10-29), 10-Q (reporting date: 2023-07-30), 10-Q (reporting date: 2023-04-30), 10-Q (reporting date: 2023-01-29), 10-K (reporting date: 2022-10-30), 10-Q (reporting date: 2022-07-31), 10-Q (reporting date: 2022-05-01), 10-Q (reporting date: 2022-01-30), 10-K (reporting date: 2021-10-31), 10-Q (reporting date: 2021-08-01), 10-Q (reporting date: 2021-05-02), 10-Q (reporting date: 2021-01-31), 10-K (reporting date: 2020-10-25), 10-Q (reporting date: 2020-07-26), 10-Q (reporting date: 2020-04-26), 10-Q (reporting date: 2020-01-26), 10-K (reporting date: 2019-10-27), 10-Q (reporting date: 2019-07-28), 10-Q (reporting date: 2019-04-28), 10-Q (reporting date: 2019-01-27).


Cash and Cash Equivalents
The proportion of cash and cash equivalents relative to total assets has shown notable fluctuations over the reported periods. It increased significantly beginning in early 2020, reaching a peak around early 2021, and then decreased sharply during 2022, before recovering modestly in 2023 and early 2024. This trend suggests periods of increased liquidity possibly linked to strategic shifts or cash flow management activities.
Short-term Investments
Short-term investments as a percentage of total assets generally remained below 3% until early 2024, with some volatility. A pronounced spike occurred around early 2024, reaching above 5%, before dropping again. This indicates a temporary reallocation into short-term investment vehicles that was not sustained consistently.
Accounts Receivable, Net
Accounts receivable demonstrated a moderate upward trend from 2019 to late 2021, peaking at over 19%. Following that peak, it declined slightly but has remained relatively stable in the range of 14% to 18% throughout 2023 and into 2024. This pattern signals some variability in sales on credit or collection efficiency across the timeline.
Inventories
The inventory component maintained a generally high proportion relative to total assets, fluctuating between approximately 15% and 22%. There was a gradual increase from 2019 to late 2022, followed by a slow decline in subsequent quarters. The overall elevated inventory levels may reflect production or supply chain considerations affecting asset composition over time.
Other Current Assets
This category showed slight growth overall, moving from about 2.25% to a peak exceeding 5% in late 2021, then declining towards 3% by 2024. The volatility suggests changes in less liquid current asset components impacting total current assets.
Current Assets
Current assets as a percentage of total assets generally increased during the earlier years, peaking around 62% in 2021, followed by minor fluctuations but maintaining a strong presence above 58% afterward. This indicates that the company's asset base is predominantly composed of current assets, reflecting a liquid balance sheet orientation.
Long-term Investments
Long-term investments declined in proportion from 2019 into 2020, falling below 7% by late 2020, then modestly increased over the next few years, culminating in a sharp rise to over 10% in early 2025. This recent increase may be indicative of a strategic repositioning into longer-duration investment holdings.
Property, Plant and Equipment, Net
The share of net property, plant, and equipment steadily increased from approximately 7.7% in early 2019 to over 11% by early 2025. This trend reflects ongoing capital investment or asset value appreciation in fixed assets, suggesting a strengthening of the company’s physical asset base.
Goodwill
Goodwill as a percentage of total assets exhibited a gradual decline from roughly 18% in 2019 to near 11% by 2024. This decreasing trend likely reflects amortization, impairment, or reduced acquisition activity impacting intangible asset valuation.
Purchased Technology and Other Intangible Assets, Net
This asset category fluctuated within a narrow range below 1% for most periods but showed a temporary increase to over 1.2% in mid-2022 before returning closer to previous levels. This suggests occasional acquisitions or revaluations of intangible assets, though overall this represents a small portion of total assets.
Deferred Income Taxes and Other Assets
The proportion of deferred income taxes and other assets declined moderately from just above 10% in 2019 to near 7% by early 2025, indicating possible changes in tax positions, asset reclassifications, or amortizations affecting this balance.
Non-current Assets
Non-current assets generally decreased from about 46% in 2019 to below 38% by 2021, then stabilized with a slight upward trend near 40% in 2024 and 2025. These fluctuations reflect the combined movements in property, investments, goodwill, and other long-term assets impacting the company’s asset structure.