Common-Size Balance Sheet: Assets
Quarterly Data
lululemon athletica inc., common-size consolidated balance sheet: assets (quarterly data)
Based on: 10-Q (reporting date: 2026-08-02), 10-Q (reporting date: 2026-05-03), 10-K (reporting date: 2026-02-01), 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).
The asset composition exhibits a dynamic shift between current and non-current assets over the analyzed period, with current assets generally oscillating between 42% and 57% of the total balance sheet. A notable pattern of volatility is present in liquidity and inventory levels, contrasting with a more stable, gradual increase in fixed asset investments.
- Liquidity and Cash Position
- Cash and cash equivalents demonstrate significant fluctuation, peaking at 31.64% in January 2024 and reaching a nadir of 6.64% in October 2022. This volatility suggests cyclical cash flow patterns or strategic timing of capital expenditures and acquisitions.
- Inventory Management
- Inventories as a percentage of total assets showed a marked upward trend starting in May 2022, peaking at 32.80% by October 2022. This period of inventory accumulation was followed by a correction and stabilization, returning to a range between 18% and 25% from 2024 through 2026, indicating a recalibration of stock levels relative to total asset growth.
- Fixed and Long-term Assets
- Property and equipment, net, have seen a steady increase from approximately 20% in 2020 to roughly 24% by August 2026, signaling consistent investment in physical infrastructure. Right-of-use operating lease assets have remained a substantial component of the non-current asset base, typically fluctuating between 16% and 23%, reflecting a continued reliance on leased retail environments.
- Intangible Assets and Impairments
- A significant structural change occurred between October 2022 and January 2023, where goodwill dropped precipitously from 7.28% to 0.43%. Similarly, intangible assets declined from 1.22% to 0.39% in the same window. This sharp reduction suggests a substantial impairment charge or a strategic write-down of acquired assets.
- Working Capital Components
- Accounts receivable remain a minimal and stable portion of total assets, consistently staying between 1.2% and 3.2%. Prepaid and receivable income taxes have trended slightly upward toward the end of the period, reaching 5.66% by August 2026, while prepaid expenses and other current assets have trended gradually downward from 3.36% to 2.28%.
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