Common-Size Balance Sheet: Assets
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- Balance Sheet: Assets
- Analysis of Profitability Ratios
- Analysis of Liquidity Ratios
- Analysis of Solvency Ratios
- Analysis of Long-term (Investment) Activity Ratios
- Enterprise Value to EBITDA (EV/EBITDA)
- Dividend Discount Model (DDM)
- Return on Equity (ROE) since 2005
- Price to Earnings (P/E) since 2005
- Price to Operating Profit (P/OP) since 2005
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Based on: 10-K (reporting date: 2025-06-30), 10-K (reporting date: 2024-06-30), 10-K (reporting date: 2023-06-30), 10-K (reporting date: 2022-06-30), 10-K (reporting date: 2021-06-30), 10-K (reporting date: 2020-06-30).
- Cash and cash equivalents
- There is a clear decreasing trend in the proportion of cash and cash equivalents relative to total assets from 13.41% in 2020 to a low of 6.15% in 2022. This proportion then slightly increases and stabilizes around 7.6-7.8% in subsequent years through 2025.
- Accounts receivable
- The share of accounts receivable as a percentage of total assets exhibits a steady upward trend from 3.46% in 2020 to 4.94% projected in 2025, indicating a gradual increase in credit sales or amounts owed from customers over time.
- Inventories
- Inventory as a percentage of total assets generally rises from 4.56% in 2020 to 6.03% in 2025, with a slight dip around 2024. This suggests a growth in stock holdings relative to the company's asset base, which may reflect increased production or sales demands.
- Prepaid expenses and other current assets
- These assets remain relatively stable, fluctuating mildly between 1.54% and 2.02% over the years, without a definitive upward or downward trend.
- Current assets
- The proportion of current assets to total assets decreases sharply from 23.19% in 2020 to 18.47% in 2022, then gradually rises again to about 20.28% by 2025. This indicates an initial reduction in liquidity followed by a partial recovery.
- Property, plant and equipment, net
- This asset category maintains a relatively stable share, fluctuating slightly around 18%, with a moderate increase to 19.08% by 2025, indicating consistent or slightly increased investment in fixed assets.
- Goodwill
- Goodwill as a percentage of total assets remains relatively stable, slightly declining from 33.06% in 2020 to 32.94% in 2024 before a minor increase to 33.26% in 2025. This stability may reflect consistency in acquisitions or valuation of intangible assets related to past mergers.
- Trademarks and other intangible assets, net
- There is a noticeable downward trend in intangible assets from 19.71% in 2020 to 17.5% in 2025, suggesting amortization or impaired valuation of these assets over the period.
- Other noncurrent assets
- An increasing trend is observed in other noncurrent assets starting from 6.9% in 2020, peaking at 10.75% in 2024, but slightly declining to 9.89% in 2025. This indicates growing diversified long-term holdings or investments with a minor pullback in the final year.
- Noncurrent assets
- Noncurrent assets as a percentage of total assets increase from 76.81% in 2020 to around 81.53% by 2022, then decline gradually to about 79.72% in 2025, reflecting shifts in asset composition favoring long-term over current assets initially, followed by modest rebalancing.
- Total assets
- As a reference point, total assets are maintained at 100% each year, indicating the relative proportions presented should be analyzed in terms of internal allocation rather than absolute growth or shrinkage.