Balance Sheet: Assets
Quarterly Data
The balance sheet provides creditors, investors, and analysts with information on company resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company assets as well as an indication of cash flows that may come from receivables and inventories.
Assets are resources controlled by the company as a result of past events and from which future economic benefits are expected to flow to the entity.
Paying user area
Try for free
Ross Stores Inc. pages available for free this week:
The data is hidden behind: . Unhide it.
Get full access to the entire website from $10.42/mo, or
get 1-month access to Ross Stores Inc. for $22.49.
This is a one-time payment. There is no automatic renewal.
We accept:
Ross Stores Inc., consolidated balance sheet: assets (quarterly data)
US$ in thousands
Based on: 10-Q (reporting date: 2022-10-29), 10-Q (reporting date: 2022-07-30), 10-Q (reporting date: 2022-04-30), 10-K (reporting date: 2022-01-29), 10-Q (reporting date: 2021-10-30), 10-Q (reporting date: 2021-07-31), 10-Q (reporting date: 2021-05-01), 10-K (reporting date: 2021-01-30), 10-Q (reporting date: 2020-10-31), 10-Q (reporting date: 2020-08-01), 10-Q (reporting date: 2020-05-02), 10-K (reporting date: 2020-02-01), 10-Q (reporting date: 2019-11-02), 10-Q (reporting date: 2019-08-03), 10-Q (reporting date: 2019-05-04), 10-K (reporting date: 2019-02-02), 10-Q (reporting date: 2018-11-03), 10-Q (reporting date: 2018-08-04), 10-Q (reporting date: 2018-05-05), 10-K (reporting date: 2018-02-03), 10-Q (reporting date: 2017-10-28), 10-Q (reporting date: 2017-07-29), 10-Q (reporting date: 2017-04-29), 10-K (reporting date: 2017-01-28), 10-Q (reporting date: 2016-10-29), 10-Q (reporting date: 2016-07-30), 10-Q (reporting date: 2016-04-30).
- Cash and Cash Equivalents
- Cash and cash equivalents demonstrated a general upward trend, with significant growth beginning in early 2020. The balance increased sharply from approximately 1.35 billion in February 2020 to over 4.4 billion by October 2020 and peaked at about 5.57 billion in July 2021. Following this peak, the figure declined somewhat but remained at elevated levels relative to prior years.
- Short-term Investments
- Short-term investments were minimal and sporadic throughout the periods, with small balances mostly in 2016 and 2017 and then no reported amounts thereafter.
- Accounts Receivable
- Accounts receivable exhibited a somewhat cyclical pattern with moderate fluctuations. The figures increased steadily from approximately 96 million in April 2016 to peak around 167 million in May 2021. Some intermittent dips were observed, particularly in mid-2020, followed by recovery and growth toward late 2022.
- Merchandise Inventory
- Inventory showed irregular but overall increasing levels. Starting near 1.5 billion in 2016, inventory peaked at over 2.7 billion by late 2022. There were notable fluctuations, including large increases in late 2019 and mid-2022, with a significant drop observed in mid-2020 likely reflecting external factors affecting inventory levels.
- Prepaid Expenses and Other Current Assets
- The prepaid expenses line exhibited variable trends with occasional spikes, notably rising significantly from early 2020 into 2021, peaking at around 347 million in February 2021, before declining again. This variability indicates fluctuating short-term prepayments or accrued expenses.
- Current Assets
- Current assets grew steadily over the full period, with a distinct surge starting in early 2020. Total current assets roughly doubled from about 3.4 billion in early 2020 to over 7.8 billion in late 2021, before a moderate decline toward mid-2022.
- Property and Equipment, Gross
- Gross property and equipment steadily increased, rising from about 4.37 billion in April 2016 to nearly 6.95 billion by October 2022. This reflects ongoing capital expenditures and additions to fixed assets over the period.
- Accumulated Depreciation and Amortization
- Accumulated depreciation increased consistently, indicating continued asset aging and usage. The balance rose from approximately 2.05 billion in 2016 to almost 3.94 billion by late 2022.
- Property and Equipment, Net
- Despite increased accumulated depreciation, net property and equipment grew gradually, advancing from about 2.32 billion in 2016 to roughly 3 billion by the end of the period. This suggests that additions to property and equipment outpaced depreciation, indicating an expansion of the asset base.
- Operating Lease Assets
- Operating lease assets appeared in the data starting in early 2019, with stable balances in the range of approximately 2.94 billion to 3.1 billion through 2022. The level remained relatively steady with minor fluctuations, pointing to consistent lease arrangements.
- Other Long-term Assets
- Other long-term assets remained generally stable, fluctuating moderately around the 200 million mark through most periods. An outlier is visible in early 2020 at around 365 million, after which the balance normalized back to previous levels.
- Long-term Assets
- Long-term assets showed considerable growth especially from early 2019 onward, rising from approximately 2.7 billion to over 6.3 billion by late 2022. This increase reflects growth in property, equipment, lease assets, and other long-term holdings.
- Total Assets
- Total assets experienced steady growth over the entire period, with an especially rapid increase from early 2019 through 2022. Total assets nearly doubled from about 6 billion in early 2019 to over 13 billion by late 2022. This growth aligns with increased current and long-term assets, highlighting expansion in the company's asset base.