Common-Size Balance Sheet: Assets
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- Statement of Comprehensive Income
- Balance Sheet: Liabilities and Stockholders’ Equity
- Common-Size Income Statement
- Analysis of Reportable Segments
- Enterprise Value (EV)
- Enterprise Value to FCFF (EV/FCFF)
- Price to FCFE (P/FCFE)
- Present Value of Free Cash Flow to Equity (FCFE)
- Return on Equity (ROE) since 2005
- Debt to Equity since 2005
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Costco Wholesale Corp., common-size consolidated balance sheet: assets
Based on: 10-K (reporting date: 2024-09-01), 10-K (reporting date: 2023-09-03), 10-K (reporting date: 2022-08-28), 10-K (reporting date: 2021-08-29), 10-K (reporting date: 2020-08-30), 10-K (reporting date: 2019-09-01).
- Cash and Cash Equivalents
- The proportion of cash and cash equivalents relative to total assets exhibited noticeable fluctuations over the years. Initially at 18.47% in 2019, it rose to a peak of 22.1% in 2020. This was followed by a gradual decline reaching 14.19% by 2024, indicating a decreasing allocation to liquid cash resources in recent periods.
- Short-term Investments
- Short-term investments as a percentage of total assets showed a gradual decline from 2.33% in 2019 to a low of 1.32% in 2022, before slightly rebounding to 1.77% in 2024. The overall trend suggests cautious or reduced investment in short-term securities over the period.
- Receivables, Net
- The net receivables percentage displayed moderate variability, starting at 3.38% in 2019, dipping to 2.79% in 2020, and then increasing steadily to 3.9% in 2024. This may point to growing credit sales or changes in collection efficiency in recent years.
- Merchandise Inventories
- Inventory levels as a proportion of total assets decreased between 2019 and 2020 from 25.1% to 22.04%, then increased sharply to 27.91% in 2022. Following this peak, it declined again before rising to 26.7% in 2024. Such fluctuation suggests adjustments in inventory management practices or response to demand variability.
- Other Current Assets
- Other current assets remained relatively stable, ranging narrowly between 1.84% and 2.48%, indicating consistent allocation to miscellaneous current asset categories without significant change.
- Current Assets
- The total current assets proportion fluctuated mildly around the 50% mark, from 51.73% in 2019 to a low of 49.04% in 2024. The consistency suggests a balanced asset structure with current assets representing roughly half of total assets throughout the period.
- Property and Equipment, Net
- The share of net property and equipment showed a notable decrease during the early years, falling from 46.01% in 2019 to 38.41% in 2022, then rebounding to 41.57% by 2024. This pattern indicates periods of asset divestiture or depreciation followed by renewed investment or acquisition of fixed assets.
- Finance Lease Assets
- The finance lease assets increased steadily from 0.77% in 2019 to 2.05% in 2024, reflecting a growing reliance on leased properties or equipment accounted for as finance leases.
- Property and Equipment, Net Including Finance Lease Right-of-Use Assets
- This combined category followed a trend similar to net property and equipment, but with slightly higher proportions, indicating the increased impact of finance lease right-of-use assets on overall fixed asset holdings. It rose from 46.79% in 2019, dipped to around 40.6% in 2023, and increased again to 43.63% in 2024.
- Operating Lease Right-of-Use Assets
- Operating lease right-of-use assets were first reported in 2020 at 5.02% and have consistently declined year over year to 3.75% in 2024. This suggests a gradual reduction in operating lease commitments or reclassification of leases.
- Other Long-term Assets
- The proportion of other long-term assets increased noticeably from 1.48% in 2019 to a peak of 4.05% in 2020, and then stabilized around 3.5% in subsequent years. This points to some one-time adjustments or strategic asset acquisitions during the early period followed by stabilization.
- Long-term Assets
- The overall percentage of long-term assets relative to total assets remained fairly stable, oscillating close to 50% throughout the years. This balance highlights a consistent asset structure between long-term and current assets.
- Total Assets
- By definition, total assets remain constant at 100%, serving as the base for all proportional analysis.