Common-Size Balance Sheet: Assets
Quarterly Data
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Based on: 10-Q (reporting date: 2025-06-30), 10-Q (reporting date: 2025-03-31), 10-K (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31).
- Cash and Cash Equivalents
- Cash and cash equivalents as a percentage of total assets showed moderate fluctuations over the observed periods, generally ranging between approximately 1.7% and 5.3%. There was a notable peak in the last quarter of 2020 at 5.34%, followed by a steady decline reaching a low near 1.77% in the first half of 2024 before a slight recovery toward the end of the data.
- Trade Receivables, Net
- Trade receivables demonstrated a steady increasing trend, starting around 3.08% in mid-2020 and rising overall to exceed 6.0% by late 2024. Despite some variability quarter to quarter, the underlying trend indicates growth in this asset component.
- Other Receivables, Net
- Other receivables remained relatively stable throughout the time frame, fluctuating in a narrow band between roughly 0.85% to 1.55%. There was a slight upward trend visible particularly in 2023 and 2024 periods.
- Inventories, Net
- Inventories as a percentage of total assets showed a consistent increase over time, starting near 3.84% in early 2020 and progressively rising to nearly 7.0% by the end of 2024. This reflects growing inventory levels relative to total assets.
- Other Current Assets
- Other current assets exhibited considerable volatility with initial values around 1.1% to 1.6% through 2022, followed by pronounced peaks in early and mid-2024 reaching above 12%, before decreasing again toward the end of 2024. This indicates episodic increases in other current asset holdings.
- Current Assets
- The proportion of current assets to total assets showed an upward trend, particularly significant starting in early 2023 where it rose from about 14-16% to a peak of over 25% in early 2024, before declining somewhat but remaining elevated relative to prior periods.
- Property, Plant, and Equipment, Net
- Net property, plant, and equipment (PP&E) values as a percentage of total assets were relatively stable, hovering mostly in the 12-14% range throughout the period, with slight increases observed toward the end of 2024.
- Operating Lease Right-of-Use Assets
- This asset category remained quite stable around 0.9%-1.1% of total assets, with minor fluctuations but no clear upward or downward trend over the full period.
- Goodwill
- Goodwill consistently represented a significant portion of total assets, generally around 31-34%. There was a slight decrease around 2023-2024, dipping near 30.3%, but it rebounded to above 34% by the end of 2024, suggesting stable strategic acquisitions or intangible asset valuation.
- Intangible Assets, Net
- Intangible assets remained fairly consistent, mostly between 25% and 28%, with a minor declining trend in the middle years followed by stabilization and slight increases toward the end of the data series.
- Prepaid Pension Assets
- Prepaid pension assets grew modestly from under 1% early in the series to levels around 1.4% to 1.6% in the later periods, indicating a gradual increase in pension-related assets.
- Deferred Income Taxes
- Deferred income taxes as a percentage of assets decreased over the period, from around 1.2% in 2020 to a range around 0.3%-0.6% by 2024, suggesting lower deferred tax asset balances relative to the total asset base.
- Equity Method Investments
- Equity method investments showed a distinct downward trend, starting near 10.8% of total assets early in 2020 and declining sharply to below 1% by mid-2024. This may reflect divestitures, changes in accounting treatments, or impairments in investments accounted for under the equity method.
- Other Assets
- Other assets increased gradually from under 0.5% early on to values above 3% in late 2022 and early 2023, before slightly declining to around 1.3% by mid-2025.
- Noncurrent Assets
- Noncurrent assets consistently made up the majority of total assets; however, their proportion decreased from about 87% in early years to approximately 75% in early 2024, then recovering somewhat to above 82% by the end of the period.