Common-Size Balance Sheet: Assets
Quarterly Data
Paying user area
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United Parcel Service Inc. pages available for free this week:
- Balance Sheet: Liabilities and Stockholders’ Equity
- Cash Flow Statement
- Analysis of Profitability Ratios
- Analysis of Liquidity Ratios
- Analysis of Short-term (Operating) Activity Ratios
- Analysis of Geographic Areas
- Capital Asset Pricing Model (CAPM)
- Return on Assets (ROA) since 2005
- Debt to Equity since 2005
- Price to Book Value (P/BV) since 2005
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United Parcel Service Inc., common-size consolidated balance sheet: assets (quarterly data)
Based on: 10-Q (reporting date: 2026-06-30), 10-Q (reporting date: 2026-03-31), 10-K (reporting date: 2025-12-31), 10-Q (reporting date: 2025-09-30), 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).
The asset composition demonstrates a strategic shift from current liquidity toward long-term capital investment over the analyzed period. Total current assets decreased from 33.15% in March 2021 to 24.62% by June 2026, while non-current assets rose proportionally from 66.85% to 75.38%.
- Liquidity and Current Asset Trends
- Cash and cash equivalents exhibited significant volatility, peaking at 17.41% in March 2022 before experiencing a sharp contraction to 4.52% by December 2023. While a slight recovery occurred in 2024, the long-term trend indicates a lower reliance on cash holdings as a percentage of total assets. Accounts receivable remained relatively stable, generally fluctuating between 13% and 18%, suggesting a consistent relationship between revenue generation and collection cycles.
- Fixed Asset Investment
- Property, plant, and equipment (PP&E) represents the largest component of the asset base. A gradual increase is observed, rising from 51.26% in March 2021 to 53.17% by June 2026, with a peak of 54.96% in March 2024. This trend points toward sustained capital expenditure and an expansion of physical infrastructure.
- Intangible Assets and Goodwill
- There is a noticeable upward trend in the proportion of goodwill and intangible assets. Goodwill increased from 5.28% in March 2021 to 8.10% by June 2026, and net intangible assets grew from 3.58% to 5.55% over the same period. This growth suggests an increase in inorganic expansion or strategic acquisitions that have added significant non-physical value to the balance sheet.
- Other Asset Components
- Operating lease right-of-use assets remained stable, consistently hovering between 4.8% and 6.2%. Other non-current assets showed a temporary spike in 2023, reaching 5.77% before stabilizing near 2.7% in the final periods of the analysis.
Overall, the data reveals a transition toward a more capital-intensive asset structure, characterized by an increase in fixed assets and intangible value at the expense of current asset liquidity.