Stock Analysis on Net
Stock Analysis on Net

Kimberly-Clark Corp. (NYSE:KMB)

This company has been moved to the archive! The financial data has not been updated since April 23, 2021.

Common-Size Balance Sheet: Assets 

Kimberly-Clark Corp., common-size consolidated balance sheet: assets

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Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016
Cash and cash equivalents 1.73 2.89 3.71 4.07 6.32
Accounts receivable, net 12.75 14.81 14.91 15.28 14.90
Inventories 10.86 11.71 12.49 11.81 11.50
Other current assets 4.18 3.68 3.62 3.23 2.31
Current assets 29.53% 33.09% 34.72% 34.39% 35.03%
Property, plant and equipment, net 45.89 48.75 49.31 49.08 49.10
Investments in equity companies 1.71 1.75 1.54 1.54 1.76
Goodwill 10.81 9.60 10.15 10.40 10.14
Other intangible assets, net 4.75 0.19 0.00 0.00 0.00
Other assets 7.30 6.62 4.27 4.59 3.98
Noncurrent assets 70.47% 66.91% 65.28% 65.61% 64.97%
Total assets 100.00% 100.00% 100.00% 100.00% 100.00%

Based on: 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), 10-K (reporting date: 2016-12-31).

Cash and cash equivalents
There is a consistent decline in the proportion of cash and cash equivalents relative to total assets over the five-year period, decreasing from 6.32% in 2016 to 1.73% in 2020. This indicates a decreasing liquidity buffer within the asset structure.
Accounts receivable, net
The percentage of accounts receivable relative to total assets remained fairly stable from 2016 through 2019, fluctuating slightly between 14.9% and 15.28%. However, there was a noticeable reduction to 12.75% in 2020, suggesting either improved collection efficiency or reduced credit sales.
Inventories
Inventory as a percentage of total assets increased from 11.5% in 2016 to a peak of 12.49% in 2018, followed by gradual declines to 10.86% by 2020. This reflects initial accumulation of inventory followed by a reduction, possibly due to better inventory management or changes in sales demand.
Other current assets
This category shows a steady upward trend over the period, rising from 2.31% in 2016 to 4.18% in 2020, indicating an increasing allocation towards miscellaneous current assets.
Current assets
The share of current assets in total assets decreased over the period, from 35.03% in 2016 to 29.53% in 2020. The decrease is primarily driven by lower cash and accounts receivable proportions, despite increases in other current assets.
Property, plant and equipment, net
This asset category remained fairly consistent around 49% from 2016 to 2019 but fell to 45.89% in 2020. The drop may reflect asset disposals, depreciation, or a shift in asset composition.
Investments in equity companies
The proportion of investments in equity companies has been relatively stable, fluctuating modestly between 1.54% and 1.76% without a clear trend.
Goodwill
The goodwill proportion remained stable near 10% through 2019, with a slight decline in 2019 to 9.6%, followed by an increase to 10.81% in 2020. The jump in 2020 may indicate acquisitions or reassessments of intangible asset values.
Other intangible assets, net
This category was not reported until 2019 at 0.19%, then sharply increased to 4.75% in 2020. The emergence and rapid growth suggest recognition or reclassification of intangible assets, possibly related to recent acquisitions or brand valuations.
Other assets
Other assets gained significance throughout the period, increasing from 3.98% in 2016 to 7.3% in 2020. This could reflect growth in miscellaneous noncurrent assets or deferred charges.
Noncurrent assets
There is a clear upward trend in the proportion of noncurrent assets to total assets, rising from 64.97% in 2016 to 70.47% in 2020. This indicates a gradual shift in asset structure toward longer-term investments and assets over the period.
Total assets
As expected, total assets remain constant at 100% for all years, serving as the baseline for the asset composition analysis.