Stock Analysis on Net
Stock Analysis on Net

Procter & Gamble Co. (NYSE:PG)

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Common-Size Balance Sheet: Assets
Quarterly Data

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Procter & Gamble Co., common-size consolidated balance sheet: assets (quarterly data)

Microsoft Excel
Jun 30, 2026 Mar 31, 2026 Dec 31, 2025 Sep 30, 2025 Jun 30, 2025 Mar 31, 2025 Dec 31, 2024 Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 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
Cash and cash equivalents
Accounts receivable
Materials and supplies
Work in process
Finished goods
Inventories
Prepaid expenses and other current assets
Current assets
Property, plant and equipment, net
Goodwill
Trademarks and other intangible assets, net
Other noncurrent assets
Noncurrent assets
Total assets

Based on: 10-K (reporting date: 2026-06-30), 10-Q (reporting date: 2026-03-31), 10-Q (reporting date: 2025-12-31), 10-Q (reporting date: 2025-09-30), 10-K (reporting date: 2025-06-30), 10-Q (reporting date: 2025-03-31), 10-Q (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-K (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-Q (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-K (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 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).


The asset structure is characterized by a high concentration of noncurrent assets, which consistently comprise between 78% and 81% of total assets. A significant portion of the balance sheet is allocated to intangible assets and goodwill, reflecting a capital structure heavily weighted toward brand value and acquisitions rather than liquid holdings.

Liquidity and Working Capital Trends
Cash and cash equivalents exhibited a general downward trend over the first half of the period, decreasing from 11.17% in September 2020 to a low of 5.71% in March 2024, before recovering to 7.86% by June 2026. Concurrently, inventories showed a steady increase, rising from 4.76% in September 2020 to a peak of 6.53% in September 2022, eventually stabilizing around 6.46% by June 2026. This suggests a shift in the allocation of current assets from liquid cash toward inventory holdings. Accounts receivable remained relatively stable, fluctuating within a narrow range between 3.96% and 5.25% throughout the analyzed timeframe.
Noncurrent Asset Composition
Goodwill is the most prominent asset component, remaining remarkably stable between 32% and 34% of total assets. In contrast, trademarks and other intangible assets experienced a gradual and consistent decline, falling from 19.86% in September 2020 to 16.95% in June 2026, which is consistent with a standard amortization pattern. Property, plant, and equipment remained stable near 18% for several years before trending upward to reach 20.04% by June 2026, indicating an increase in the relative weight of fixed assets.
Other Noncurrent Asset Growth
A sustained increase is observed in other noncurrent assets, which grew from 7.18% in September 2020 to a peak of 10.98% in March 2024, before settling at 9.67% in June 2026. This growth highlights a diversifying trend within the noncurrent asset category over the six-year period.

Overall, the analysis reveals a balance sheet where liquidity has fluctuated while long-term investments in fixed assets and other noncurrent holdings have marginally increased. The continued dominance of goodwill and the steady amortization of intangible assets remain the defining characteristics of the company's asset distribution.