Common-Size Balance Sheet: Assets
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- Analysis of Solvency Ratios
- Enterprise Value to EBITDA (EV/EBITDA)
- Price to FCFE (P/FCFE)
- Present Value of Free Cash Flow to Equity (FCFE)
- Net Profit Margin since 2010
- Current Ratio since 2010
- Total Asset Turnover since 2010
- Price to Operating Profit (P/OP) since 2010
- Price to Book Value (P/BV) since 2010
- Price to Sales (P/S) since 2010
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Generac Holdings Inc., common-size consolidated balance sheet: assets
Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).
- Cash and cash equivalents
- The proportion of cash and cash equivalents relative to total assets increased from 6.86% in 2017 to a peak of 20.25% in 2020, followed by a sharp decline to 3.02% in 2021. This indicates a significant accumulation of liquid assets through 2020, then a notable reduction the following year.
- Accounts receivable, less allowance for credit losses
- This item consistently declined over the period, from 13.86% in 2017 to 11.2% in 2021, indicating a gradual reduction in receivables relative to total assets and possibly improved collection or sales patterns.
- Inventories
- Inventory levels fluctuated over the years, rising from 18.83% in 2017 to a peak of 22.45% in 2018, then declining to 18.65% in 2020 before increasing again to 22.34% in 2021. The volatility suggests changes in inventory management or demand conditions.
- Prepaid expenses and other assets
- This category showed minor but steady growth, rising from 0.98% to 1.33% over the five-year span, indicating an increasing share of these current asset components in total assets.
- Current assets
- The share of current assets peaked at 51.61% in 2020 after growing steadily from 40.52% in 2017 but dropped sharply to 37.9% in 2021. This trend mirrors the cash and cash equivalents pattern and suggests variable liquidity management or asset composition changes.
- Property and equipment, net
- There was a gradual decline in property and equipment as a proportion of total assets, from 11.41% in 2017 down to 9.04% in 2021, indicating either disposals, depreciation outpacing additions, or relative growth in other asset categories.
- Customer lists, net
- This intangible asset fluctuated, initially increasing from 2.03% in 2017 to 2.52% in 2018, falling to 1.52% in 2020, then rising significantly to 4.89% in 2021. The jump in 2021 suggests acquisitions or revaluations enhancing this asset category.
- Patents and technology, net
- A notable increase occurred here, especially in 2021 where it reached 10.1% from 1.96% in 2017. This dramatic rise indicates substantial investment or acquisition of technology-related intangible assets during this period.
- Other intangible assets, net
- These assets increased modestly, from 0.12% to 1.36% by 2021, suggesting incremental additions or reclassifications in this category.
- Tradenames, net
- There was a downward trend from 7.56% in 2017 to a low of 4.52% in 2020, with a slight rebound to 4.99% in 2021. This points to a gradual decrease in tradename asset share over the period with some recovery at the end.
- Intangible assets, net
- This broader category saw fluctuations with an initial decline from 11.67% in 2017 to 9.03% in 2020, then a very significant increase to 21.34% in 2021, driven largely by increases in patents, technology, and customer lists.
- Goodwill
- Goodwill as a share of total assets decreased steadily from 35.72% in 2017 to 26.43% in 2020, followed by a slight increase to 28.9% in 2021. This indicates some reduction in goodwill relative to assets, possibly due to impairments or asset growth elsewhere, with a modest reversal in 2021.
- Deferred income taxes
- The percentage remained very low throughout, fluctuating near zero but reaching 0.32% in 2021, suggesting minimal impact from deferred tax assets or liabilities relative to total assets.
- Operating lease and other assets
- These assets increased gradually from 0.52% to 2.5% over the five years, reflecting potential new accounting standards or increased leasing activities.
- Noncurrent assets
- Noncurrent assets declined from 59.48% in 2017 to a low of 48.39% in 2020, then rose sharply to 62.1% in 2021. This pattern is inversely related to current assets and driven by changes in intangible assets, goodwill, and other long-term holdings.
- Total assets
- By definition, total assets remain constant at 100% each year, serving as the base reference for all ratios.