Stock Analysis on Net
Stock Analysis on Net

Steel Dynamics Inc. (NASDAQ:STLD)

$22.49

This company has been moved to the archive! The financial data has not been updated since October 26, 2022.

Common-Size Balance Sheet: Assets
Quarterly Data

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Steel Dynamics Inc., common-size consolidated balance sheet: assets (quarterly data)

Microsoft Excel
Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017
Cash and equivalents
Short-term investments
Accounts receivable, unrelated parties
Accounts receivable, related parties
Accounts receivable, net
Inventories
Other current assets
Current assets
Property, plant and equipment, net
Intangible assets, net
Goodwill
Other assets
Noncurrent assets
Total assets

Based on: 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), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31).

Cash and Equivalents
The proportion of cash and equivalents relative to total assets shows a fluctuating trend from 2017 through 2022. Initially, the percentage starts around 14.42% in early 2017, declines to a low of 7.34% in mid-2022, with some intermittent increases, peaking around 17.67% in mid-2020, then generally trending downward in the latter periods.
Short-term Investments
Short-term investments appear inconsistently over the timeline, starting to show values only in 2018 at 0.57%, increasing to a peak around 4.15% in late 2022. The data indicates acquisition or divestiture activity occurring intermittently, with a noticeable increase in the latter part of the timeline, especially in 2022.
Accounts Receivable, Unrelated Parties
The share of accounts receivable from unrelated parties exhibits variability but an overall upward movement, beginning around 12.84% in early 2017 and rising to approximately 18.77% by late 2022. Some declines are observed during 2019 and 2020, but the general trajectory, particularly after 2020, shows an increase, indicating growth in sales or extended credit terms.
Accounts Receivable, Related Parties
This category remains a minor component throughout, fluctuating between 0.03% and 0.64%. The presence of related party receivables increases slightly toward the latter periods, especially in 2022, implying some evolving intercompany transactions or related-party dealings.
Accounts Receivable, Net
The net accounts receivable, consolidating related and unrelated parties, mirror the trends of the unrelated counterpart due to its dominant share. Values fluctuate but increase overall from about 13.17% in 2017 to a high near 19.41% in mid-2022, reflecting broader credit sales growth before slightly easing.
Inventories
Inventory as a percentage of total assets holds a generally increasing trend, from around 20.31% in early 2017 to a peak of 28.18% in early 2022, before slightly receding. This escalation suggests accumulation of stock which might correlate with production ramp-ups, demand expectations, or supply chain factors.
Other Current Assets
The share of other current assets remains low and relatively stable, oscillating between roughly 0.5% and 1.67%. No substantial trend or volatility is evident, indicating limited impact on overall asset composition.
Current Assets
Total current assets consistently represent a sizable portion, fluctuating between approximately 44.73% and 56.57%. An increase is visible toward 2022, likely driven by accumulating inventories and accounts receivable, indicating a relatively liquid asset base in recent periods.
Property, Plant and Equipment, Net
The net property, plant, and equipment proportion declines over time from above 41% in early 2017 to around 35-37% by late 2022, with a peak near 44.82% in late 2020. This suggests a relative decrease in fixed assets compared to total assets, possibly due to new asset acquisitions, disposals, depreciation, or shifts toward current assets.
Intangible Assets, Net
Intangible assets show a gradual decline from about 4.13% in early 2017 to under 2% in late 2022, signaling amortization or impairment effects without significant new additions.
Goodwill
Goodwill decreases steadily from around 5.84% in early 2017 to approximately 3.21% late in 2022. This reduction indicates possible impairments, disposals, or no new goodwill acquisitions during the period.
Other Assets
Other assets remain low but show a rising pattern, particularly toward 2022, moving from below 0.5% to about 2.5%. This could reflect changes in miscellaneous holdings or long-term receivables.
Noncurrent Assets
Noncurrent assets as a share of total assets decrease overall, starting near 51.6% in 2017 and falling to around 44% by 2022. This trend points to a potential strategic shift or changes in asset composition, with a possible emphasis on current asset growth over fixed and intangible assets.
Total Assets
Remains constant at 100% by definition, serving as the basis for all relative calculations.