Balance Sheet: Assets
Quarterly Data
The balance sheet provides creditors, investors, and analysts with information on company resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company assets as well as an indication of cash flows that may come from receivables and inventories.
Assets are resources controlled by the company as a result of past events and from which future economic benefits are expected to flow to the entity.
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- Balance Sheet: Liabilities and Stockholders’ Equity
- Common-Size Income Statement
- Common-Size Balance Sheet: Assets
- Enterprise Value (EV)
- Enterprise Value to EBITDA (EV/EBITDA)
- Capital Asset Pricing Model (CAPM)
- Present Value of Free Cash Flow to Equity (FCFE)
- Return on Assets (ROA) since 2007
- Total Asset Turnover since 2007
- Analysis of Debt
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Based on: 10-Q (reporting date: 2025-03-31), 10-Q (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-K (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-Q (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-K (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-Q (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-K (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-Q (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-K (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-Q (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-K (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-Q (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-K (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-Q (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30).
- Cash and Cash Equivalents
- Cash and cash equivalents demonstrate considerable volatility across the periods reviewed, with an overall upward trajectory especially prominent from late 2020 onward. The balance increased substantially reaching a peak near the end of 2023 before a decrease in the first quarter of 2024, followed by recovery. This pattern indicates periodic cash inflows potentially linked to operational or financing activities with some fluctuations possibly due to working capital movements or investment activities.
- Accounts Receivable, Net
- The accounts receivable balance shows variability with no clear seasonal pattern, but reveals a general trend of growth especially from 2021 onwards. The amount more than doubles in certain intervals, reflecting potential increases in sales or extended credit terms. The spike in accounts receivable may raise considerations related to collection practices and credit risk management.
- Inventories
- Inventory levels fluctuate markedly across the periods, with an upward trend starting from mid-2019. There is a notable surge in inventories in 2023, doubling compared to earlier years, which may indicate stockpiling or increased production in anticipation of higher demand. However, the inventory pattern also suggests potential risks related to obsolescence or holding costs if sales do not keep pace.
- Prepaid Expenses and Other Current Assets
- Prepaid expenses and other current assets show inconsistent fluctuations, with some peaks especially in mid-2021 and again in recent quarters. These variations may reflect changes in advance payments and other short-term assets tied to operational or strategic initiatives, but do not exhibit a clear long-term trend.
- Current Assets
- Total current assets display a generally upward trend with periods of decline, particularly around 2022. The growth has been more pronounced since 2020, largely driven by increases in cash, receivables, and inventories. This suggests improved liquidity but also greater investment in working capital components, potentially reflecting business expansion or operational scaling.
- Property, Plant and Equipment, Net
- The net property, plant, and equipment base shows steady incremental growth over the entire period, indicating ongoing investments in fixed assets. The increases are relatively consistent, reflecting sustained capital expenditures aligned with long-term asset augmentation and capacity expansion.
- Deferred Income Taxes, Net
- Deferred income taxes demonstrate a considerable upward trend especially notable from 2020 forward, with the amount nearly doubling over several periods. This growth may be associated with timing differences in recognition of income and expenses for tax purposes, as well as possible changes in tax regulations or company profitability.
- Other Assets
- Other non-current assets remain relatively stable with minor fluctuations, modestly increasing in recent years. These assets likely represent smaller or less significant balance sheet accounts without material impacts on overall asset size.
- Non-current Assets
- Non-current assets increase steadily throughout the timeframe, showing growth consistent with investments in PP&E and deferred taxes. The progression evidences ongoing asset base strengthening, supporting the company’s long-term operational capabilities and tax position.
- Total Assets
- Total assets values exhibit fluctuations with a general upward direction overall. The notable acceleration in asset growth after 2020 is primarily driven by substantial increases in current assets and fixed assets. The peak in total assets observed around late 2023 indicates expansion efforts and capitalization, although there is some reduction seen early in 2024 which partially recovers subsequently.