Common-Size Balance Sheet: Assets
Quarterly Data
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- Income Statement
- Analysis of Profitability Ratios
- Analysis of Liquidity Ratios
- Common Stock Valuation Ratios
- Enterprise Value to FCFF (EV/FCFF)
- Price to FCFE (P/FCFE)
- Capital Asset Pricing Model (CAPM)
- Selected Financial Data since 2005
- Operating Profit Margin since 2005
- Return on Assets (ROA) since 2005
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ON Semiconductor Corp., common-size consolidated balance sheet: assets (quarterly data)
Based on: 10-Q (reporting date: 2024-03-29), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-29), 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: 2022-07-01), 10-Q (reporting date: 2022-04-01), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-10-01), 10-Q (reporting date: 2021-07-02), 10-Q (reporting date: 2021-04-02), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-10-02), 10-Q (reporting date: 2020-07-03), 10-Q (reporting date: 2020-04-03), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-27), 10-Q (reporting date: 2019-06-28), 10-Q (reporting date: 2019-03-29).
- Cash and Cash Equivalents
- The proportion of cash and cash equivalents relative to total assets showed notable fluctuations over the observed periods. Initially, it decreased from around 12.42% to approximately 10.38%, then sharply increased to levels exceeding 21% during early 2020. This rise was followed by a gradual reduction through the latter part of 2020, stabilizing mostly between 12% and 15% during 2020 and early 2021. From mid-2021 onward, the ratio trended upwards again, reaching a peak at 24.37% at the end of 2022, before tapering off slightly but remaining elevated around 19% by the first quarter of 2024.
- Receivables, Net
- The ratio of net receivables to total assets exhibited a general decline from above 9% in early 2019 to a low near 6.5% by early 2024. Intermediate fluctuations included a drop in early 2020 to below 7%, followed by a partial recovery to over 8% in early 2022 before a subsequent steady decline resumed.
- Inventories
- Inventories as a percentage of total assets remained relatively stable but with moderate variability. Starting near 16.2%, it declined slightly during mid-2019 to just above 13%, then gradually increased again reaching near 15.9% by late 2023 and early 2024, indicating a mild upward trend in inventory holdings relative to total assets.
- Other Current Assets
- This category showed minor fluctuations across the periods but with an overall gradual increase from around 2.35% in early 2019 to close to 3.81% by the first quarter of 2024, indicating a steady growth in miscellaneous current asset components.
- Current Assets
- The total current assets ratio demonstrated significant volatility. After a decrease to below 36% around late 2019, it surged to levels above 42% during early 2020, reflecting an increase in liquidity. This was followed by a gradual decline and stabilization in the 36-40% range during 2020 and early 2021. After mid-2021, the trend shifted upward again, peaking at nearly 48% at the end of 2022 before slightly decreasing but maintaining a level above 44% by early 2024.
- Property, Plant and Equipment, Net
- This asset category commenced at a high proportion of just over 34% but experienced a decline to below 27.5% during early to mid-2020. Subsequently, the proportion trended upward, reaching a peak at about 33.3% by the end of 2023 before a slight reduction to 32.5% in early 2024.
- ROU Financing Lease Assets
- Data for right-of-use financing lease assets initiated in mid-2022, showing a stable minor proportion fluctuating slightly around 0.3% to 0.4%, indicating a relatively small but consistent presence of leased asset value in total assets.
- Property, Plant and Equipment and ROU Financing Lease Assets, Net
- Including both tangible assets and leased assets, the combined proportion mirrors the trend seen in property, plant, and equipment alone but with a slightly higher level from the reported periods starting mid-2022. The combined percentage increased from a low near 25% in early 2022 to above 33% by end-2023, followed by a slight pullback.
- Goodwill
- The goodwill component exhibited an initial increase from around 12% to nearly 20% during 2019 and early 2020, reflecting acquisitions or revaluations. Thereafter, it steadily declined to approximately 11.7% by early 2024, suggesting amortization, impairment, or divestitures affecting this intangible asset.
- Intangible Assets, Net
- Intangible assets decreased consistently over time, starting from a peak above 9% in mid-2019 to a low near 2.15% by early 2024. The decline suggests ongoing amortization or disposal of intangible asset components.
- Deferred Tax Assets
- The deferred tax assets ratio remained relatively stable with slight fluctuations, mostly ranging between 3% and 5%, and showed a gradual increase towards the higher end of this range by early 2024, indicating a modest growth in deferred tax asset recognition relative to total assets.
- Other Assets
- Other assets demonstrated variability, initially around 3%, rising to peaks above 6% in mid-2022, but then declining back towards approximately 3% by early 2024. This suggests periodic changes to less clearly defined asset categories, potentially due to reclassifications or asset disposals.
- Non-Current Assets
- The overall share of non-current assets in total assets showed a decreasing trend from above 64% during early 2019 to about 52% by late 2022, followed by a modest recovery to about 54% by early 2024. This pattern reflects shifts in asset composition favoring current assets during certain periods, with a partial reversal thereafter.