Stock Analysis on Net

Broadcom Inc. (NASDAQ:AVGO)

$24.99

Common-Size Balance Sheet: Assets
Quarterly Data

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

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Feb 1, 2026 Nov 2, 2025 Aug 3, 2025 May 4, 2025 Feb 2, 2025 Nov 3, 2024 Aug 4, 2024 May 5, 2024 Feb 4, 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 Nov 1, 2020 Aug 2, 2020 May 3, 2020 Feb 2, 2020
Cash and cash equivalents
Trade accounts receivable, net
Inventory
Other current assets
Current assets
Property, plant and equipment, net
Goodwill
Intangible assets, net
Other long-term assets
Long-term assets
Total assets

Based on: 10-Q (reporting date: 2026-02-01), 10-K (reporting date: 2025-11-02), 10-Q (reporting date: 2025-08-03), 10-Q (reporting date: 2025-05-04), 10-Q (reporting date: 2025-02-02), 10-K (reporting date: 2024-11-03), 10-Q (reporting date: 2024-08-04), 10-Q (reporting date: 2024-05-05), 10-Q (reporting date: 2024-02-04), 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: 2020-11-01), 10-Q (reporting date: 2020-08-02), 10-Q (reporting date: 2020-05-03), 10-Q (reporting date: 2020-02-02).


The composition of assets for the analyzed entity demonstrates significant shifts over the observed period, spanning from February 2020 to February 2026. A notable trend involves the fluctuation of current assets as a percentage of total assets, alongside substantial changes in the allocation to long-term assets, particularly goodwill and intangible assets.

Cash and Cash Equivalents
Cash and cash equivalents exhibited an initial increase from 7.95% in February 2020 to a peak of 19.47% in October 2023. However, a sharp decline followed, reaching 5.60% in May 2024, before stabilizing around 6-9% through the end of the observed period. This suggests a period of liquidity accumulation followed by strategic deployment of cash reserves.
Current Assets
Current assets as a proportion of total assets initially rose from 14.95% to 28.61% between February 2020 and October 2023. This increase was primarily driven by increases in cash, accounts receivable, and other current assets. Subsequently, current assets decreased to 11.83% by May 2024, and then showed a modest increase to 13.47% by January 2026, indicating a shift in asset allocation away from short-term holdings.
Trade Accounts Receivable
Trade accounts receivable remained relatively stable between 2.74% and 4.51% of total assets for most of the period. A slight increase is observed towards the end of the period, rising from 2.67% in May 2024 to 4.98% in February 2026, potentially indicating changes in sales terms or collection periods.
Inventory
Inventory levels, expressed as a percentage of total assets, generally increased from 1.17% in February 2020 to a peak of 2.63% in October 2022. This trend reversed in 2023, with inventory decreasing to 1.74% in February 2026, suggesting improved inventory management or a shift in business model.
Long-Term Assets: Goodwill and Intangibles
Goodwill consistently represented the largest portion of total assets, starting at 53.67% in February 2020 and peaking at 61.14% in July 2022. It then decreased to 57.56% by February 2026. Intangible assets followed a similar pattern, declining from 26.50% to 18.86% over the period. The combined effect of these trends indicates a potential reduction in the relative importance of acquired intangible value within the asset base.
Property, Plant, and Equipment
The proportion of property, plant, and equipment to total assets remained relatively consistent, fluctuating between 1.48% and 3.24% throughout the period. A noticeable decrease is observed towards the end of the period, falling to 1.53% in February 2026, potentially indicating reduced investment in fixed assets.
Other Long-Term Assets
Other long-term assets showed an increasing trend, rising from 1.66% in February 2020 to 4.20% in February 2026. This suggests a growing investment in assets not categorized as goodwill, intangibles, or PP&E.

Overall, the asset composition shifted from a greater reliance on current assets and intangible value to a more balanced structure with a larger proportion of other long-term assets. The significant fluctuations in cash holdings suggest active cash management strategies. The trends observed warrant further investigation into the underlying business decisions driving these changes.