Common-Size Balance Sheet: Assets
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- Statement of Comprehensive Income
- Balance Sheet: Liabilities and Stockholders’ Equity
- Common Stock Valuation Ratios
- Selected Financial Data since 2005
- Net Profit Margin since 2005
- Return on Assets (ROA) since 2005
- Current Ratio since 2005
- Total Asset Turnover since 2005
- Price to Sales (P/S) since 2005
- Aggregate Accruals
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Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).
- Cash and Cash Equivalents
- The proportion of cash and cash equivalents relative to total assets increased notably from 2.34% in 2018 to a peak of 7.86% in 2020, before declining to 4.67% by the end of 2022. This suggests a significant accumulation of liquid assets in 2020, followed by a reduction in subsequent years, though the level remains higher than the initial years.
- Short-term Investments
- Short-term investments showed a modest increase from 0.69% in 2018 to 2.6% in 2019, then drastically dropped to nearly negligible levels in 2020 (0.01%) with minor recoveries in 2021 (0.19%) and 2022 (0.31%). This indicates a strategic reduction in short-term investment holdings after 2019.
- Accounts Receivable, Net
- The percentage of accounts receivable to total assets declined from 2.75% in 2018 to 2.29% in 2020, followed by a rising trend up to 3.13% by 2022. The increase in later years could imply either increased sales on credit or slower collections.
- Materials and Supplies
- This category remained relatively stable, exhibiting minor fluctuations between 0.68% and 0.84% of total assets over the period, indicating consistent inventory management practices.
- Other Current Assets
- Other current assets decreased substantially from 0.49% in 2018 to 0.2% in 2019 but showed slight variability afterward, ending at 0.26% in 2022. The decline suggests a reduction or reclassification of miscellaneous current asset items.
- Current Assets
- Current assets as a percentage of total assets increased from 6.98% in 2018 to a high of 11.16% in 2020, then decreased progressively to 9.18% in 2022. The peak in 2020 reflects the accumulation of liquid and other short-term assets during that year.
- Properties, Net
- Net property assets represent the largest portion of total assets throughout the period, decreasing from 87.12% in 2018 to around 81.7% by 2022. This trend suggests gradual asset base diversification or depreciation outpacing additions.
- Investment in Affiliates and Other Companies
- Investments in affiliates and other companies steadily increased from 4.84% to 5.47%, indicating growing strategic or financial stakes in related entities.
- Right of Use Operating Lease Asset
- This asset category appeared starting in 2019 at 1.39% due to reporting changes or lease capitalization practices, then declined slightly to 1.2% by 2022, showing relative stability in lease-related assets.
- Goodwill and Other Intangible Assets, Net
- Starting with no reported values in 2018, goodwill and intangible assets rose minimally to 0.16% in 2019 and 2020, then jumped significantly to over 1% by 2021 and 1.2% in 2022. This increase may relate to acquisitions or capitalization of intangible assets.
- Other Long-term Assets
- Other long-term assets showed a general increase from 1.05% in 2018 to a peak of 1.46% in 2021, before a slight decline to 1.25% in 2022, reflecting moderate variance in miscellaneous long-term holdings.
- Long-term Assets
- Total long-term assets decreased from 93.02% in 2018 to 88.84% in 2020, then slightly increased to 90.82% by 2022. Despite some fluctuations, the company’s asset base remained predominantly composed of long-term assets throughout the period.
- Total Assets
- The total assets consistently represent 100% in each reporting period, serving as the reference base for all percentages.