Stock Analysis on Net
Stock Analysis on Net

Monolithic Power Systems Inc. (NASDAQ:MPWR)

$22.49

This company has been moved to the archive! The financial data has not been updated since May 5, 2025.

Common-Size Balance Sheet: Assets

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Monolithic Power Systems Inc., common-size consolidated balance sheet: assets

Microsoft Excel
Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Cash and cash equivalents
Short-term investments
Accounts receivable, net
Inventories
Other receivables
Prepaid expense
RSU tax withholding proceeds receivable
Restricted cash
Other
Other current assets
Current assets
Property and equipment, net
Acquisition-related intangible assets, net
Goodwill
Deferred tax assets, net
Deferred compensation plan assets
Prepaid wafer purchases
Operating lease ROU and related assets
Other
Other long-term assets
Long-term assets
Total assets

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).

Cash and Cash Equivalents
The proportion of cash and cash equivalents relative to total assets declined sharply from 27.72% in 2020 to 11.93% in 2021. This was followed by a moderate recovery to 21.68% in 2023, before slightly decreasing again to 19.13% in 2024. This indicates fluctuations in liquid asset management with a partial restoration of liquidity after a steep drop.
Short-Term Investments
Short-term investments rose significantly from 21.53% in 2020 to 33.79% in 2021, representing a peak allocation to this asset category. Subsequently, the percentage steadily declined to 4.73% by 2024, suggesting a strategic shift away from short-term investment holdings over the most recent years.
Accounts Receivable, Net
The share of accounts receivable increased from 5.53% in 2020 to a high of 8.87% in 2022, before contracting to 4.77% by 2024. This reflects a rise in credit sales or receivables collection period initially, followed by improved efficiency or reduced sales on credit.
Inventories
Inventory levels grew from 13% to 21.72% of total assets between 2020 and 2022, indicating accumulation of stock. However, there was a marked reduction to 11.6% by 2024, which may point to efforts to streamline inventory or lower demand.
Other Receivables
This item appeared only in 2023 and 2024, rising to 2.05% before falling to 1.66%, indicating a modest presence in recent years as part of current assets.
Prepaid Expenses
Prepaid expenses showed a minor but consistent increase from 0.42% in 2020 to a peak of 1.19% in 2023, then slightly declined to 1% in 2024, signifying a small but stable portion of assets allocated here.
RSU Tax Withholding Proceeds Receivable
This category remained low and fairly stable near 1% until it fell to zero in 2024, suggesting full realization or removal of this receivable from assets.
Restricted Cash
Restricted cash was recorded only in 2023 at 1.36%, indicating a temporary allocation or a new classification for a portion of cash assets.
Other Current Assets
Other current assets fluctuated, notably rising sharply to 6.06% in 2023 before decreasing to 3.04% in 2024, reflecting some variability in miscellaneous short-term items.
Current Assets Total
Current assets maintained a high relative share around 70% through 2023 but dropped sharply to 43.27% in 2024, primarily driven by the large increase in deferred tax assets, indicating a shift in asset composition towards more long-term classifications.
Property and Equipment, Net
This fixed asset category declined steadily from 23.3% in 2020 to 13.68% in 2024, implying either asset disposals, depreciation effects, or reduced capital expenditure on property and equipment.
Acquisition-Related Intangible Assets, Net
This item first appeared in 2024 at 0.27%, revealing recent acquisition activity or a new intangible asset classification.
Goodwill
Goodwill as a proportion of total assets decreased gradually from 0.54% to 0.27% by 2023 before rising to 0.72% in 2024, suggesting some acquisitions or revaluation impacting intangible goodwill assets.
Deferred Tax Assets, Net
Deferred tax assets held a stable share near 1.5% until a marked surge to 36.68% in 2024, representing a significant reclassification or recognition of deferred tax benefits and altering the long-term asset profile substantially.
Deferred Compensation Plan Assets
Deferred compensation assets showed a gradual decrease from 3.82% in 2020 to 2.56% in 2024, indicating a steady reduction in this asset category.
Prepaid Wafer Purchases
This asset appeared from 2022 onward, peaking at 8.26% in that year before declining steadily to 1.66% in 2024, reflecting changes in advance procurement levels for wafers, likely linked to production needs or supply chain factors.
Operating Lease Right-of-Use and Related Assets
The share of operating lease-related assets fluctuated mildly between 0.21% and 0.95% over the period, representing a small but variable component of fixed assets.
Other Long-Term Assets
Other long-term assets rose from 4.95% in 2020 to a peak of 12.11% in 2022, then declined to 5.37% in 2024, showing some variability in non-core long-term asset holdings.
Long-Term Assets Total
Long-term assets as a whole decreased slightly from 30.33% in 2020 to 25.26% in 2023, then sharply increased to 56.73% in 2024. This increase was largely driven by the spike in deferred tax assets, indicating a substantial change in the asset structure emphasizing long-term asset recognition.
Total Assets
Total assets are consistently represented as 100%, serving as the basis for all proportional calculations.