Common-Size Balance Sheet: Assets
Quarterly Data
Sherwin-Williams Co., common-size consolidated balance sheet: assets (quarterly data)
Based on: 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 exhibits fluctuations without a clear long-term upward or downward trend. It ranged from a low near 0.59% to a high reaching 2.98% in early periods, with recent values mostly below 1%, signaling relatively stable but low liquidity reserves as a percentage of total assets.
- Accounts receivable, net
- This item shows moderate volatility, generally fluctuating between approximately 10% and 13% of total assets. There are intermittent peaks around mid-2022 and mid-2023, but no sustained directional trend. This indicates a relatively consistent level of receivables relative to the asset base over time with some seasonal or operational variation.
- Inventories
- Inventories as a percentage of total assets have increased from under 9.5% in early 2020 to a peak exceeding 11.7% by late 2022, followed by a slight decline and stabilization near 10% in later periods. This suggests an incremental buildup of inventory levels relative to total assets, possibly reflecting changes in supply chain management or demand conditions.
- Other current assets
- Other current assets have remained fairly stable, typically between 2.0% and 3.1% of total assets, without substantial upward or downward shifts. This stability indicates that other current asset categories are a consistent, though smaller, component of total assets.
- Current assets
- The aggregate share of current assets shows some variability, generally oscillating between 22% and 28% of total assets. Notably, the percentage rose to above 28% in 2021-2022, then retreated to the mid-20% range thereafter. This pattern suggests moderate fluctuations in liquidity and working capital over the analyzed periods.
- Property, plant and equipment, net
- An expanding trend is evident in property, plant and equipment, rising steadily from below 9% of total assets in 2020 to nearly 15% by 2025. This growth implies increased investment in tangible fixed assets, reflecting possible capacity expansion or capital improvements.
- Goodwill
- The proportion of goodwill remains significant, generally around one-third of total assets, but it shows a slight declining tendency from over 34% in early periods to approximately 31% by 2025. This gradual decrease could indicate amortization effects, impairments, or disposal of intangible assets acquired through acquisitions.
- Intangible assets
- Intangible assets as a share of total assets demonstrate a clear downward trend, decreasing from above 22% in early 2020 to near 14% by 2025. The steady reduction suggests systematic amortization or impairment expenses impacting this asset category over time.
- Operating lease right-of-use assets
- This asset category remains relatively stable, fluctuating modestly between approximately 7.9% and 8.8%. Stability in right-of-use assets indicates consistent leasing commitments with little change in lease-related capitalized assets.
- Other assets
- Other assets have shown a progressive increase from under 3% in early 2020 to over 7% by 2025. This upward movement points to growing asset components not otherwise classified, which may reflect investments, deferred charges, or other long-term asset accumulation.
- Long-term assets
- Complementing the prior observations, long-term assets as a percentage of total assets were generally dominant, fluctuating but mostly holding between approximately 70% and 77%. After decreasing slightly in the 2021-2022 timeframe, long-term assets increased again toward the latter periods, reinforcing a substantial focus on non-current asset investment.