Common-Size Balance Sheet: Assets
Quarterly Data
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- Income Statement
- Cash Flow Statement
- Common-Size Income Statement
- Analysis of Profitability Ratios
- Analysis of Short-term (Operating) Activity Ratios
- Analysis of Geographic Areas
- Price to FCFE (P/FCFE)
- Return on Equity (ROE) since 2005
- Price to Earnings (P/E) since 2005
- Price to Sales (P/S) since 2005
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Merck & Co. Inc., common-size consolidated balance sheet: assets (quarterly data)
Based on: 10-Q (reporting date: 2025-09-30), 10-Q (reporting date: 2025-06-30), 10-Q (reporting date: 2025-03-31), 10-K (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31).
- Cash and cash equivalents
- The percentage of cash and cash equivalents relative to total assets exhibits notable fluctuations over the periods. Beginning at 8.74% in early 2020, it experienced spikes reaching above 12% in mid-2024, followed by declines near 5% to 6%, indicating variability in liquidity management or cash holdings.
- Short-term investments
- This category remains minimal and sporadic, generally below 1% of total assets, often showing missing data points. Some periods in 2022 and 2024 reflect slight increases, indicating limited reliance on short-term investments as a component of asset allocation.
- Accounts receivable, net
- Accounts receivable as a percentage of total assets remains relatively stable, fluctuating mostly between approximately 8% and 10.7%. A mild upward trend is visible toward 2024, possibly reflecting increased credit sales or slower collection periods.
- Inventories
- Inventory levels as a percentage of total assets show a gradual decline from nearly 7% in early 2020 to below 5% by late 2025. This downward trend suggests improved inventory management, reduced stock levels, or changes in product mix and supply chain strategies.
- Other current assets
- Other current assets generally show a moderate upward trend over time, rising from around 5.5% to over 8% of total assets by the end of the observed period. This could reflect growth in prepaid expenses or other miscellaneous current assets.
- Current assets, total
- The total current assets remain in a range hovering near 30%, with some variability. Peaks occurred mid-2024, reaching over 34%, while troughs appear near years 2020 and 2023. Overall, current assets maintain a consistent share of total assets, indicating steady liquidity positioning.
- Investments
- Investments constitute a small portion of total assets, initially around 0.65%, with some variation and a notable spike to around 1.5% in late 2020. The trend stabilizes mostly below 1% thereafter, pointing to limited strategic emphasis on longer-term or equity investments.
- Property, plant and equipment, net
- The net value of property, plant, and equipment generally maintains a significant and stable share of total assets around 18% to 21%, with some fluctuations. Notably, it trends slightly upward during 2023 and 2025, perhaps indicating capital expenditure or asset revaluation activities.
- Goodwill
- Goodwill consistently represents a large portion of total assets, but a downward trend is evident over time, decreasing from approximately 23% to below 17%. This suggests possible impairment charges, divestitures, or amortization reducing the intangible value recorded as goodwill.
- Other intangibles, net
- Other intangibles show a declining trend from nearly 19% in early 2020 to under 12% by late 2025. A notable peak occurs in late 2021, exceeding 21%, followed by steady decreases. This pattern may reflect amortization of intangible assets or divestments impacting intangible holdings.
- Other assets
- Other assets steadily increase their share of total assets from approximately 8% to over 15% by 2025. This rising trend suggests accumulation of miscellaneous long-term assets or reclassification of asset types within the balance sheet.
- Noncurrent assets, total
- Noncurrent assets fluctuate around 65% to 71% of total assets, peaking near 71% in late 2021, then trending downward toward 63% by late 2025. This reflects structural changes in asset composition, consistent with the movements observed in goodwill, intangibles, and other assets.
- Total assets
- Total assets are normalized to 100%, serving as the base reference for proportionate analysis. The composition of assets shows dynamic internal shifts rather than changes in absolute total asset values.