Common-Size Balance Sheet: Assets
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- Balance Sheet: Liabilities and Stockholders’ Equity
- Common-Size Income Statement
- Analysis of Short-term (Operating) Activity Ratios
- Analysis of Long-term (Investment) Activity Ratios
- Analysis of Reportable Segments
- Present Value of Free Cash Flow to Equity (FCFE)
- Return on Assets (ROA) since 2005
- Debt to Equity since 2005
- Price to Sales (P/S) since 2005
- Analysis of Debt
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McKesson Corp., common-size consolidated balance sheet: assets
Based on: 10-K (reporting date: 2016-03-31), 10-K (reporting date: 2015-03-31), 10-K (reporting date: 2014-03-31), 10-K (reporting date: 2013-03-31), 10-K (reporting date: 2012-03-31), 10-K (reporting date: 2011-03-31).
- Cash and Cash Equivalents
- The proportion of cash and cash equivalents relative to total assets declined overall from 11.69% in 2011 to 7.16% in 2016. There was a noticeable drop between 2011 and 2013, followed by minor fluctuations, indicating a decreasing emphasis on liquid assets over the examined period.
- Receivables, Net
- Receivables as a percentage of total assets remained relatively stable with slight variability, ranging from 27.42% to 31.79%. The value peaked at 31.79% in 2016, suggesting a growing share of assets tied up in receivables towards the end of the period.
- Inventories, Net
- Inventories experienced a moderate downward trend from 29.87% in 2011 to a low of 25.71% in 2014, before increasing slightly to 27.11% in 2016. This indicates some reduction in inventory holdings mid-period, followed by a partial recovery.
- Prepaid Expenses and Other
- The share of prepaid expenses and other current assets generally increased from 1.08% in 2011 to a peak of 2.08% in 2015, then declined slightly to 1.9% in 2016. This suggests a mild increase in these asset components with some variability.
- Current Assets
- The total of current assets declined from 72.39% in 2011 to a low of 62.93% in 2014, followed by a recovery to around 68% in 2015 and 2016. Despite fluctuations, current assets continued to represent the majority of total assets throughout the period.
- Property, Plant and Equipment, Net
- The net value of property, plant, and equipment as a percentage of total assets exhibited a slight upward trend, moving from 3.21% in 2011 to 4.03% in 2016, with some fluctuations in intermediate years. This indicates a modest increase in tangible fixed assets relative to the asset base.
- Goodwill
- Goodwill increased significantly from 14.13% in 2011 to a peak of 19.18% in 2014, then declined gradually to 17.3% by 2016. This pattern suggests substantial acquisition activity or goodwill recognition early on, with some subsequent adjustment or impairment.
- Intangible Assets, Net
- Intangible assets as a percentage of total assets saw notable variation, rising from 4.71% in 2011 to a peak of 9.7% in 2014, followed by a decline to 5.34% in 2016. This fluctuation reflects changes in intangible asset valuation or disposals occurring post-2014.
- Other Noncurrent Assets
- Other noncurrent assets decreased from 5.56% in 2011 to a low of 3.52% in 2015, before increasing to 5.38% in 2016. This indicates variability with a recovery towards the end of the period.
- Noncurrent Assets
- The total noncurrent assets’ share grew from 27.61% in 2011 to a high of 37.07% in 2014 but decreased thereafter to approximately 32% in 2015 and 2016. This suggests an expansion in long-term assets up to 2014, followed by a partial contraction or rebalancing with current assets.
- Total Assets
- Total assets are normalized to 100% each year serving as the basis for all relative percentages presented.