Common-Size Balance Sheet: Assets
Quarterly Data
Paying user area
Try for free
Zoetis Inc. pages available for free this week:
- Balance Sheet: Liabilities and Stockholders’ Equity
- Analysis of Liquidity Ratios
- Analysis of Short-term (Operating) Activity Ratios
- DuPont Analysis: Disaggregation of ROE, ROA, and Net Profit Margin
- Analysis of Geographic Areas
- Enterprise Value to EBITDA (EV/EBITDA)
- Return on Equity (ROE) since 2012
- Total Asset Turnover since 2012
- Price to Sales (P/S) since 2012
- Analysis of Revenues
The data is hidden behind: . Unhide it.
Get full access to the entire website from $10.42/mo, or
get 1-month access to Zoetis Inc. for $22.49.
This is a one-time payment. There is no automatic renewal.
We accept:
Zoetis Inc., common-size consolidated balance sheet: assets (quarterly data)
Based on: 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), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31).
- Cash and cash equivalents
- Representing a significant portion of total assets, cash levels displayed a rise from approximately 16% in early 2019, peaking above 26% during mid to late 2020, indicating enhanced liquidity possibly due to operational or strategic shifts. From 2021 onwards, there is a notable declining trend, reaching around 13-14% by early 2024, which may suggest increased cash deployment or changes in working capital management.
- Short-term investments
- Initially minimal and declining quickly to negligible values, short-term investments were not consistently reported or were absent after the first half of 2019, implying a strategic reduction or reclassification of these assets.
- Accounts receivable, net
- The accounts receivable as a percentage of total assets generally fluctuated between 7.3% and 9.6%. There was a dip during mid-2020 aligning with the pandemic period, followed by recovery and stabilization near 9% through 2023-2024, reflecting consistent collection practices amid evolving market conditions.
- Inventories
- Inventory composition showed a gradual increase from around 12.5% in early 2019 to a peak above 19% by mid to late 2023, before slightly retracting. This upward trend may indicate increased stockpiling, possibly due to supply chain considerations or demand anticipation. The recent minor decline suggests adjustment to inventory levels.
- Other current assets
- Other current assets fluctuated modestly between approximately 2.3% and 4.0%, with some peak activity noted in early 2022. The variations are minor but suggest occasional changes in miscellaneous current asset balances, possibly reflective of accrued expenses or prepaid items.
- Current assets
- Total current assets consistently comprised around 40% to 50% of total assets, with a notable spike in mid-2020 coinciding with increased cash and cash equivalents. Afterwards, current assets declined moderately and stabilized near 44%-45% in recent periods, indicating a moderate shift in asset allocation towards long-term assets.
- Property, plant and equipment, net
- The net balance of property, plant, and equipment gradually increased over the period, rising from approximately 15.5% in early 2019 to over 22% by early 2024, indicative of ongoing capital investment or asset revaluation increasing the company’s fixed asset base.
- Operating lease right of use assets
- These assets remained stable, fluctuating mildly around 1.3% to 1.6%, showing no significant changes in lease obligations or leasehold asset capitalization during the timeline.
- Goodwill
- Goodwill maintained a fairly consistent share of total assets, hovering between around 18% and 23%, with a slight decrease during 2020 and stabilization near 19% thereafter, reflecting relatively stable acquisition valuations and minimal impairment events.
- Identifiable intangible assets, net
- A clear declining trend was evident for identifiable intangible assets less amortization, moving from over 18% in 2019 downward to just above 9% by early 2024. This steady decrease likely reflects ongoing amortization with limited new additions or acquisitions.
- Noncurrent deferred tax assets
- Displaying a mild upward trend, deferred tax assets increased from around 0.6% in 2019 to approximately 1.6% by early 2024. This growth suggests recognition of tax-related benefits or timing differences increasing over time.
- Other noncurrent assets
- Other noncurrent assets showed gradual growth, increasing from about 0.8% to nearly 1.6%, indicating a slow buildup of miscellaneous long-term asset categories.
- Noncurrent assets total
- The proportion of noncurrent assets to total assets remained generally stable, fluctuating around 50%-60%. It dipped during 2020, likely due to increased current assets (notably cash), but rebounded in subsequent years to just above 55%, reflecting investment in long-term holdings.
- Overall asset structure
- The composition of assets reveals a balanced approach, with cash and current assets increasing sharply in 2020 possibly for liquidity management during uncertain market conditions, followed by a strategic rebalancing towards fixed and intangible assets. The gradual decrease in intangible assets and steady goodwill suggest limited acquisitions post-2019 with amortization steadily impacting asset proportions. Capital investments in property, plant, and equipment suggest ongoing expansion or modernization efforts. The trends illustrate adaptive asset management responding to external and internal financial conditions.