Common-Size Balance Sheet: Assets
Quarterly Data
lululemon athletica inc., common-size consolidated balance sheet: assets (quarterly data)
Based on: 10-Q (reporting date: 2025-11-02), 10-Q (reporting date: 2025-08-03), 10-Q (reporting date: 2025-05-04), 10-K (reporting date: 2025-02-02), 10-Q (reporting date: 2024-10-27), 10-Q (reporting date: 2024-07-28), 10-Q (reporting date: 2024-04-28), 10-K (reporting date: 2024-01-28), 10-Q (reporting date: 2023-10-29), 10-Q (reporting date: 2023-07-30), 10-Q (reporting date: 2023-04-30), 10-K (reporting date: 2023-01-29), 10-Q (reporting date: 2022-10-30), 10-Q (reporting date: 2022-07-31), 10-Q (reporting date: 2022-05-01), 10-K (reporting date: 2022-01-30), 10-Q (reporting date: 2021-10-31), 10-Q (reporting date: 2021-08-01), 10-Q (reporting date: 2021-05-02), 10-K (reporting date: 2021-01-31), 10-Q (reporting date: 2020-11-01), 10-Q (reporting date: 2020-08-02), 10-Q (reporting date: 2020-05-03), 10-K (reporting date: 2020-02-02), 10-Q (reporting date: 2019-11-03), 10-Q (reporting date: 2019-08-04), 10-Q (reporting date: 2019-05-05).
- Cash and Cash Equivalents
- Cash and cash equivalents as a percentage of total assets demonstrate significant volatility over the periods analyzed. Starting from 23.4% in early 2019, this ratio declined to a low of 6.64% in late 2022 before exhibiting a marked recovery, reaching a peak of 31.64% in early 2024. Post this peak, the ratio gradually decreased again towards 13.02% by late 2025. This pattern suggests fluctuating liquidity management and possible changes in operational cash flows or investment policies.
- Accounts Receivable, Net
- Accounts receivable increased moderately from 0.82% in early 2019 to around 1.8-2.0% of total assets in the latest periods, with some peaks such as 3.15% at the end of 2025. The steady upward trend indicates a possible growth in sales on credit or extended payment terms, influencing working capital requirements.
- Inventories
- Inventory levels relative to total assets showed an upward trend from about 18% in early 2019 to peaks near 32.8% in late 2022, followed by fluctuations between approximately 18.66% and 27.62%. Such dynamics might reflect inventory accumulation potentially due to strategic stockpiling or slower inventory turnover at certain times, coupled with efforts to optimize stock levels post-peak.
- Prepaid and Receivable Income Taxes
- This component varied moderately, with a general range between 2.4% and 5.41% of total assets. Notably, it peaked around mid-2025, indicating periods of higher prepaid tax assets that may be related to timing differences in tax payments or recognition of deferred tax benefits.
- Prepaid Expenses and Other Current Assets
- The ratio of prepaid expenses and other current assets to total assets was relatively stable, fluctuating mostly between 2.0% and 4.66%. A modest increase was observed from 2022 into early 2023, followed by a slight decline, suggesting routine changes in short-term asset management.
- Current Assets
- Current assets as a percentage of total assets generally ranged from 42.64% to 57.26%, with notable peaks in early 2020 and early 2024. This suggests varying degrees of liquidity, with a tendency toward higher current asset composition during those periods, possibly indicative of conservative asset allocation or liquidity buffers.
- Property and Equipment, Net
- This asset class showed a mild decline in the earlier periods, bottoming around 17.82% in early 2021, but subsequently trending upward to reach approximately 25.49% in mid-2025. This steady increase may point to ongoing capital expenditures or asset revaluation efforts enhancing fixed asset base over time.
- Right-of-Use Operating Lease Assets
- The percentage allocation to lease assets declined from 25.46% in 2019 to around 16.61%-17.83% through 2021, then stabilized and slightly increased towards 20.12% by late 2025. The initial decline could reflect lease terminations or changes in leasing strategy, while later increases suggest new or extended lease agreements.
- Goodwill
- Goodwill as a proportion of total assets diminished sharply after 2022 from around 7-8% to below 0.5%, before slightly rising again post-2024. This pattern may indicate asset write-downs, divestitures, or reclassifications affecting intangible valuations related to past acquisitions.
- Intangible Assets, Net
- Similar to goodwill, intangible assets decreased significantly from over 2% in 2020 to below 0.2% by 2025, suggesting amortization, impairment, or strategic disposals impacting intangible asset value.
- Goodwill and Intangible Assets, Net (Legacy)
- This category shows minor values and a downward trend through early periods, indicating phase-out or reclassification of legacy intangible assets.
- Deferred Income Tax Assets
- Deferred tax assets exhibited a decline from above 1% early on to around 0.1%-0.3% in later periods. This reduction suggests less tax timing differences being recognized or utilization of deferred tax benefits.
- Other Non-Current Assets
- Other non-current assets consistently increased over the timeframe, moving from about 1.27% to over 3.5%, implying growth in long-term assets that do not fit traditional categories, possibly reflecting investment in other strategic resources.
- Non-Current Assets
- Non-current assets as a whole fluctuated, initially decreasing from around 52.43% in 2019 to lower 40s by 2024 but rising again to approximately 50% by late 2025. This demonstrates changes in asset composition, balancing between tangible fixed assets and other non-current components across timeframes.
- Total Assets
- Total assets constitute the baseline at 100% for all periods, enabling relative comparison of the various asset categories analyzed.