Common-Size Balance Sheet: Assets
Quarterly Data
Based on: 10-Q (reporting date: 2025-05-11), 10-Q (reporting date: 2025-02-16), 10-Q (reporting date: 2024-11-24), 10-K (reporting date: 2024-09-01), 10-Q (reporting date: 2024-05-12), 10-Q (reporting date: 2024-02-18), 10-Q (reporting date: 2023-11-26), 10-K (reporting date: 2023-09-03), 10-Q (reporting date: 2023-05-07), 10-Q (reporting date: 2023-02-12), 10-Q (reporting date: 2022-11-20), 10-K (reporting date: 2022-08-28), 10-Q (reporting date: 2022-05-08), 10-Q (reporting date: 2022-02-13), 10-Q (reporting date: 2021-11-21), 10-K (reporting date: 2021-08-29), 10-Q (reporting date: 2021-05-09), 10-Q (reporting date: 2021-02-14), 10-Q (reporting date: 2020-11-22), 10-K (reporting date: 2020-08-30), 10-Q (reporting date: 2020-05-10), 10-Q (reporting date: 2020-02-16), 10-Q (reporting date: 2019-11-24), 10-K (reporting date: 2019-09-01), 10-Q (reporting date: 2019-05-12), 10-Q (reporting date: 2019-02-17), 10-Q (reporting date: 2018-11-25).
- Cash and cash equivalents
- The proportion of cash and cash equivalents relative to total assets exhibits notable fluctuations over the period. After an initial range around 15% to 18%, there is an observable increase in mid-2020, peaking above 22%. Subsequently, values fluctuate between roughly 14% and 19%, with a recurring pattern of rises followed by declines. The most recent periods show a moderate upward trend, concluding near 18%.
- Short-term investments
- Short-term investments as a share of total assets generally remain low, between approximately 0.7% and 2.7%. The data shows a decrease from around 2.7% in late 2018 to approximately 1.1% by early 2022, followed by minor oscillations. Notably, there are intermittent dips and recoveries, but no sustained growth trend is evident.
- Receivables, net
- Net receivables express a somewhat volatile trend, mostly fluctuating within a narrow range of 2.7% to 4.7%. Periods of decline are typically followed by recovery, with no definitive upward or downward trajectory. The latest values hover near 4%, indicating relative stability in this asset category’s proportion.
- Merchandise inventories
- Merchandise inventories represent a significant share of total assets, generally between 21% and 29%. A downward trend is visible from 2018 into early 2020, reaching approximately 21%, followed by a gradual increase peaking near 28.6% towards late 2024. This suggests periodic inventory accumulation, with some seasonal or strategic variation.
- Other current assets
- This category remains relatively stable throughout the period, fluctuating around 1.8% to 2.7% of total assets. Minor increases occur occasionally, but overall there is no substantial trend of increase or decrease.
- Current assets
- Current assets as a percentage of total assets generally range from about 48.5% to 54.4%, with some volatility. The proportion dips below 50% during several periods, particularly around early 2021 and early 2024, but mostly stays close to the 50% mark, indicating a steady allocation of resources within current assets.
- Property and equipment, net
- The share of property and equipment within total assets gradually decreases from near 47% in late 2018 to a low close to 37% by late 2019, followed by minor fluctuations. From early 2021 onwards, the share stabilizes around 38% to 41.6%, indicating a relatively consistent investment in fixed assets.
- Operating lease right-of-use assets
- Introduced after mid-2019, this category begins near 5% and demonstrates a slow declining trend over time, reaching approximately 3.5% toward the end of the period. The steady decrease suggests a reduction or amortization of leasing rights relative to total assets.
- Other long-term assets
- This asset category shows a gradual increase from below 2.5% in early periods to a peak exceeding 6% around mid-2022. Thereafter, it mildly declines and stabilizes near 5% to 5.8% in recent periods, indicating growth in other long-term assets followed by slight contraction.
- Other assets
- The proportion of other assets fluctuates between 45.6% and 52.1%, without a clear directional trend. Peaks occur intermittently, such as in early 2021 and early 2024, while troughs appear around late 2023. This category maintains a substantial portion of total assets, reflecting diverse asset composition.
- Total assets
- Total assets consistently represent 100% as expected since all asset categories sum up to the entirety of assets.