Common-Size Balance Sheet: Assets
Quarterly Data
lululemon athletica inc., common-size consolidated balance sheet: assets (quarterly data)
Based on: 10-Q (reporting date: 2025-08-03), 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
- The percentage of total assets held as cash and cash equivalents fluctuated significantly, reaching a peak of 33.32% in early 2020, likely reflecting a liquidity buildup. This declined sharply in subsequent quarters, bottoming around 6.64% in late 2022. A recovery trend followed, with the metric rising again to over 31% in early 2024 before settling near 15% by mid-2025, indicating notable variations in liquidity management over the observed period.
- Accounts receivable, net
- This component exhibited a moderate upward trend overall, starting below 1% of total assets in mid-2019 and generally increasing through to around 2% in late 2024. Occasional dips occurred, but the gradual rise suggests increasing credit sales or extended collection periods within the operational cycle.
- Inventories
- Inventories showed considerable volatility, with values fluctuating between approximately 15% and over 32% of total assets. A noticeable surge occurred in 2022 reaching a peak near 32.8%, followed by reductions and subsequent rises. This pattern may reflect adjustments in inventory management, procurement strategies, or demand fluctuations over time.
- Prepaid and receivable income taxes
- This asset category remained relatively stable, oscillating mostly in the 2% to 4% range. Some elevated points, such as near 4.99% in early 2023, suggest periods of increased tax-related assets, possibly influenced by changes in tax obligations or payment timings.
- Prepaid expenses and other current assets
- The percentage relative to total assets reflected a mild growth trend over the period, increasing from around 2% in 2019 to peaks above 4% in early 2023 before a slight decline. The variations imply changing levels in prepaid costs and miscellaneous current asset balances.
- Current assets
- Current assets as a percentage of total assets varied between approximately 42% and 57%. Peaks were notably present in early 2020 and in early 2024, suggesting periods of strengthened liquidity. Enduring fluctuations indicate active asset reallocation between current and non-current classifications.
- Property and equipment, net
- There is a gradual upward trend in the proportion of property and equipment relative to total assets, increasing from about 17.8% in early 2021 to near 25.5% by mid-2025. The increase may be indicative of capital investments or asset acquisitions over the timeframe.
- Right-of-use operating lease assets
- The share of right-of-use operating lease assets decreased from 25.46% in 2019 to around 17% in early 2021, showing a modest rebound thereafter reaching approximately 21% by mid-2025. This pattern could reflect adjustments in leasing arrangements or changes in accounting treatments related to leases.
- Goodwill and intangible assets
- Goodwill levels decreased sharply from over 11% in 2020 to under 1% after early 2023, with a minor rebound observed toward mid-2025. Intangible assets followed a similar pattern, declining over time with some periods of missing data. The diminution reflects either impairments, disposals, or reclassifications of these assets.
- Deferred income tax assets
- Deferred income tax assets maintained a low yet consistent proportion, generally below 0.3% throughout the period, showing stable but limited influence on total asset composition.
- Other non-current assets
- This category experienced a steady increase from roughly 1.3% to above 3.5% of total assets by mid-2025, indicating growing investment or accumulation in other long-term asset classifications.
- Non-current assets
- Non-current assets consistently accounted for close to or just above half of total assets, fluctuating between about 42.7% and 57.4%. This broad stability with minor variations suggests balanced asset structuring with ongoing investment activities.
- Total assets
- As expected, total assets are normalized to 100% for each period, serving as the baseline for the proportions described above and illustrating the relative weight of various asset categories over time.