Common-Size Balance Sheet: Assets
Quarterly Data
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- Income Statement
- Analysis of Short-term (Operating) Activity Ratios
- Analysis of Long-term (Investment) Activity Ratios
- DuPont Analysis: Disaggregation of ROE, ROA, and Net Profit Margin
- Dividend Discount Model (DDM)
- Return on Equity (ROE) since 2005
- Current Ratio since 2005
- Total Asset Turnover since 2005
- Price to Operating Profit (P/OP) since 2005
- Price to Sales (P/S) since 2005
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Kellanova, common-size consolidated balance sheet: assets (quarterly data)
Based on: 10-Q (reporting date: 2024-06-29), 10-Q (reporting date: 2024-03-30), 10-K (reporting date: 2023-12-30), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-07-01), 10-Q (reporting date: 2023-04-01), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-10-01), 10-Q (reporting date: 2022-07-02), 10-Q (reporting date: 2022-04-02), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-10-02), 10-Q (reporting date: 2021-07-03), 10-Q (reporting date: 2021-04-03), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-26), 10-Q (reporting date: 2020-06-27), 10-Q (reporting date: 2020-03-28), 10-K (reporting date: 2019-12-28), 10-Q (reporting date: 2019-09-28), 10-Q (reporting date: 2019-06-29), 10-Q (reporting date: 2019-03-30).
- Cash and Cash Equivalents
- The proportion of cash and cash equivalents relative to total assets exhibited fluctuations over the periods analyzed. It increased notably from 1.47% in March 2019 to a peak of 7.02% in September 2020 before declining sharply to 1.57% by December 2021. After a modest rise during early 2022, it again spiked to 5.88% in September 2023, followed by a return to lower levels near 1.58% to 1.78% in mid-2024.
- Marketable Securities
- This item showed limited data points, appearing only in mid to late 2020, with minor values around 1.08%-1.32% of total assets, suggesting a relatively small or transient investment in marketable securities during this timeframe.
- Accounts Receivable, Net
- Accounts receivable as a percentage of total assets maintained a generally stable trend, ranging mostly between 8.5% and 10.9%. Some moderate increases are observed, with values rising from approximately 8.84% in Q1 2019 to peaks near 10.88% and 10.81% in late 2023 and mid-2024, indicating a gradual accumulation of receivables relative to the asset base.
- Inventories
- Inventories showed a gradual upward trend from 7.14% in early 2019 to around 9.56% by the end of 2022, followed by a slight decline to approximately 7.75% by mid-2024. This indicates a buildup of inventory levels over the initial years, with some reduction occurring more recently.
- Other Current Assets
- The share of other current assets increased overall, from below 1% in early 2019 to steady levels around 2% by 2024. This suggests incremental accumulation of miscellaneous current assets during the period.
- Current Assets
- Current assets as a percentage of total assets generally increased from about 18.3% in Q1 2019 to a peak of 26.67% in late 2023, before retracting to roughly 22.7% in mid-2024. This rise reflects growth in overall liquid and short-term asset holdings, with some contraction following the peak.
- Property, Net
- Net property assets experienced a mild decline from just above 20% in early 2019 to near 18.5% in mid-2020, subsequently returning to stable levels around 20%-20.9% through 2024. This pattern signifies some asset base adjustments followed by stabilization in property holdings relative to total assets.
- Operating Lease Right-of-Use Assets
- These assets increased gradually over time, starting at about 2.37% in early 2019 and reaching upward of 4.34% by mid-2024. This suggests growing recognition of operating leases on the balance sheet and a corresponding increase in right-of-use asset capitalization.
- Goodwill
- Goodwill remained the largest intangible component, hovering mostly around 30%-33% of total assets. It showed slight declines from a peak near 33.4% in late 2019 to about 29.4% in late 2023, with a resurgence back above 33% by mid-2024. This indicates some fluctuations due to acquisitions or impairment activity, but overall sustained substantial goodwill presence.
- Other Intangibles, Net
- Other intangible assets declined steadily from over 18% in early 2019 to a range around 11.8%-12.4% by mid-2024, reflecting amortization or divestitures reducing the intangible asset base beyond goodwill.
- Investment in Unconsolidated Entities
- This category showed a consistent decrease from approximately 2.2% in early periods down to below 1% by late 2023 and mid-2024, indicating reduced holdings or valuation of investments in unconsolidated entities over time.
- Other Assets
- The proportion of other assets increased from around 6% in early 2019 to a peak exceeding 10% by late 2022, then declined to approximately 7.3% by mid-2024. The pattern suggests accumulation of various asset types followed by partial reductions or reallocations.
- Non-current Assets
- Non-current assets relative to total assets showed a moderate reduction from about 81.7% in early 2019 to near 73.3% by late 2023, before partially recovering to about 77.3% in mid-2024. This dynamic reflects changes in the asset mix favoring current assets and possible reclassifications or disposals within long-term holdings.