Common-Size Balance Sheet: Assets
Quarterly Data
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Based on: 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 proportion of cash and cash equivalents relative to total assets showed notable fluctuations over the periods. It initially rose from 8.74% in early 2020 to over 12% by mid-2020, followed by a generally downward trend reaching a low of 5.27% by mid-2024. Thereafter, it rebounded to exceed 12% again in mid-2024 before declining towards the end of the dataset.
- Short-term Investments
- This category exhibited sparse values initially but showed a gradual increase in the later periods, growing from negligible percentages near 0.01% and stabilizing around 0.5% from early 2023 onward, indicating an increased allocation to short-term investments relative to total assets.
- Accounts Receivable, Net
- The accounts receivable, net of doubtful accounts, remained relatively stable around 9-10%, with modest variation across the quarters. There was a slight upward trend in the more recent periods, peaking at 10.74% in early 2024, followed by a mild decline.
- Inventories
- Inventories as a percentage of total assets showed a gradual decline from approximately 6.88% in early 2020 to lows around 5.22%-5.38% in 2024, indicating efficient inventory management or changes in inventory levels relative to asset growth.
- Other Current Assets
- Other current assets experienced an upward trend from about 5.5% in early 2020 to values exceeding 7% in the latest periods, signaling an increasing share of these assets within the current asset base.
- Current Assets Overall
- The total current assets fluctuated within a relatively narrow range around 30%, with minor decreases observed in the middle periods and a recovery beyond 33% between mid-2024 and early 2025. These changes suggest shifts in the composition of the asset base between current and noncurrent assets.
- Investments
- Investments as a percentage of total assets remained relatively low and variable, mostly below 1%, with a slight increase notable around late 2022 and early 2023. The inconsistent pattern may reflect changes in long-term investment strategies or market valuations.
- Property, Plant, and Equipment, Net
- This component showed a general upward trajectory from about 18% of total assets in early 2020 to over 21% in several recent periods, indicating sustained capital investment or revaluation of fixed assets within the company's asset structure.
- Goodwill
- Goodwill displayed a gradual downward trend from approximately 23% in early 2020 to below 19% in recent quarters, reflecting possible amortization, impairment, or divestiture activities affecting intangible assets acquired through acquisitions.
- Other Intangibles, Net
- Other intangibles declined noticeably from nearly 19% early in the observed periods to around 13% by the end of the dataset, demonstrating a consistent decrease which may be attributed to amortization, impairment, or strategic repositioning of intangible assets.
- Other Assets
- The share of other assets gradually increased from about 8.3% to over 15% towards the end, showing a marked increase that may be due to additions in various nonclassified asset categories or shifts in asset classification.
- Noncurrent Assets Overall
- Noncurrent assets hovered around 67-70% of total assets with slight variations. There was no significant long-term upward or downward trend but some fluctuation reflecting changes within the composition of long-term holdings.
- Total Assets
- By definition, total assets represent 100% of the company's assets for all periods and serve as the baseline against which all other ratios are compared.