Stock Analysis on Net
Stock Analysis on Net

Parker-Hannifin Corp. (NYSE:PH)

$22.49

This company has been moved to the archive! The financial data has not been updated since February 7, 2023.

Common-Size Balance Sheet: Assets
Quarterly Data

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Parker-Hannifin Corp., common-size consolidated balance sheet: assets (quarterly data)

Microsoft Excel
Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016
Cash and cash equivalents
Marketable securities and other investments
Trade accounts receivable, net
Non-trade and notes receivable
Inventories
Prepaid expenses and other
Current assets
Property, plant and equipment
Accumulated depreciation
Property, plant and equipment, net
Deferred income taxes
Investments and other assets
Intangible assets, net
Goodwill
Noncurrent assets
Total assets

Based on: 10-Q (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-K (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-Q (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-K (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-Q (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-K (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-Q (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-K (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-Q (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-K (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-Q (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-K (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31), 10-Q (reporting date: 2016-12-31), 10-Q (reporting date: 2016-09-30).

The data reveals several notable trends and shifts in the composition of assets over the analyzed periods.

Cash and Cash Equivalents
This category shows a fluctuating trend, with a significant peak around mid-2019, reaching above 18% of total assets, then declining sharply in subsequent periods to roughly 2-3%, suggesting a strategic reduction in liquid assets or deployment in other asset forms.
Marketable Securities and Other Investments
Maintain a low percentage of total assets throughout, mostly below 1%, indicating a minimal focus on short-term investments besides cash equivalents.
Trade Accounts Receivable, Net
Exhibits relative stability with minor fluctuations between approximately 8.5% and 14%, peaking in early 2018 and then generally trending downward toward the end of the dataset. This decline could indicate tighter credit policies or improved collection efficiency.
Non-trade and Notes Receivable
Remain consistently low, between about 1.2% and 2.2%, without significant upward or downward trends, suggesting steady management of receivables outside of primary trade transactions.
Inventories
Hold a relatively stable position, fluctuating between roughly 8.5% and 11.8%. The inventory levels do not indicate any abrupt changes, implying consistent inventory management.
Prepaid Expenses and Other
Display notable volatility, with a substantial spike at the end of 2021 and mid-2022, surging beyond 24% of total assets. This abrupt increase contrasts with otherwise low values around 1%, possibly reflecting prepayments or other unusual accounting entries during that period.
Current Assets
Experience wide fluctuations, dipping as low as about 23% at several points, and surging above 46% near the end of 2021. The volatility seems driven primarily by changes in cash equivalents and prepaid expenses.
Property, Plant and Equipment (PP&E) and Accumulated Depreciation
PP&E gross values show a modest declining trend from about 40% toward the low 20%s by late 2022. Accumulated depreciation percentages also decrease in magnitude steadily, implying either asset disposals, impairments, or changes in depreciation methods. Consequently, net PP&E remains relatively stable around 9%-12%, with a slight downward tendency.
Deferred Income Taxes
Stay low, generally under 1%, demonstrating limited impact on total asset composition.
Investments and Other Assets
Hold a steady share of total assets between roughly 3% and 7%, without definitive trends, implying a stable presence of these assets.
Intangible Assets, Net
Show initially a significant increase early in the period, peaking around 19% around 2019-2020, then gradually declining to just above 12% by late 2022. Fluctuations suggest acquisitions or amortization affecting the balance.
Goodwill
Generally represents the single largest component of total assets, fluctuating mostly between 29% and 40%. Noticeable surges occur around late 2019 and mid-2020, possibly reflecting acquisitions or reassessments of goodwill values.
Noncurrent Assets
Comprise more than half of total assets across all periods, with peaks exceeding 75% in mid-2020 and late 2022, corresponding with relative decreases in current assets.

Overall, the asset structure exhibits a shift from more liquid assets toward a higher proportion of noncurrent and intangible assets over the observed period. The sudden spikes in prepaid expenses and cash equivalents at specific intervals highlight discrete events or changes in accounting treatments. These dynamics suggest strategic adjustments in asset allocation, possibly reflecting operational priorities and investment activities over time.