Common-Size Balance Sheet: Assets
Quarterly Data
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- Common-Size Balance Sheet: Liabilities and Stockholders’ Equity
- Analysis of Liquidity Ratios
- Analysis of Short-term (Operating) Activity Ratios
- Analysis of Geographic Areas
- Enterprise Value (EV)
- Price to FCFE (P/FCFE)
- Capital Asset Pricing Model (CAPM)
- Price to Book Value (P/BV) since 2005
- Price to Sales (P/S) since 2005
- Analysis of Revenues
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Based on: 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), 10-K (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-Q (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30).
- Cash and Cash Equivalents
- The proportion of cash and cash equivalents relative to total assets displayed some fluctuation but remained generally stable over the analyzed periods. It increased from around 10.7% at the end of September 2019 to a peak near 14.6% in late 2020 and early 2021, before settling around 12-13% in more recent quarters.
- Marketable Securities
- This category showed a steady increase as a percentage of total assets, rising from approximately 8.3% in September 2019 to a peak exceeding 16% in the March through June 2024 quarters, indicating an increasing allocation toward liquid investment instruments within the asset base.
- Accounts Receivable, Net
- Accounts receivable as a percentage of total assets fluctuated moderately, generally ranging between 11% and 16%. There was a notable peak around 16.6% in late 2022, followed by a decline and moderate rebound. This suggests varying levels of credit sales or collection efficiency over time.
- Inventories
- The inventory proportion exhibited a clear increasing trend, rising from about 13.6% of total assets in September 2019 to a peak near 21-21.3% in mid-2023, afterward maintaining levels close to 20%. This pattern may reflect growth in production capacity or stockpiling in anticipation of demand.
- Other Current Assets
- Other current assets maintained a relatively narrow range from roughly 2.8% to 4.5% of total assets, with a slight upward tendency beginning late in the sample period.
- Current Assets (Aggregate)
- Aggregated current assets steadily increased from just under 47.2% at September 2019 to above 66% of total assets by mid-2025. This trend highlights a growing emphasis on liquid and short-term assets within the overall asset structure.
- Land, Property and Equipment, Net
- The share of land, property, and equipment showed gradual growth, moving from about 5.15% of total assets to close to 7.8%, suggesting ongoing capital investment over the observed period.
- Goodwill, Net
- Goodwill as a percentage of total assets showed a consistent decline, nearly halving from around 24.5% in late 2019 to approximately 11% by mid-2025. This reduction may indicate amortization, impairment, or disposals of acquired goodwill values.
- Deferred Income Taxes
- Deferred income taxes fluctuated but generally increased, expanding from about 2.35% to nearly 6.9% of total assets. This rise suggests growing deferred tax liabilities or assets on the balance sheet.
- Purchased Intangible Assets, Net
- Purchased intangible assets decreased steadily from nearly 16.8% of total assets to under 3% by mid-2025, mirroring the decline in goodwill and reflecting possible amortization or disposals.
- Other Non-Current Assets
- Other non-current assets were relatively stable, fluctuating between approximately 3.7% and 4.9% over the period with a slight upward bias toward the end of the range.
- Non-Current Assets (Aggregate)
- The proportion of non-current assets declined noticeably from over 52.8% at the beginning of the period to about 33.4% by the latest quarter, indicating a strategic shift in asset composition toward current assets.
- Overall Asset Composition
- Over the examined timeframe, total assets naturally represent 100%. However, the internal composition shifted markedly, with current assets growing significantly while non-current assets correspondingly decreased. This dynamic reflects a pivot in asset structure, possibly toward improved liquidity and short-term financial flexibility.