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.
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- Cash Flow Statement
- Analysis of Profitability Ratios
- Analysis of Solvency Ratios
- Analysis of Long-term (Investment) Activity Ratios
- DuPont Analysis: Disaggregation of ROE, ROA, and Net Profit Margin
- Price to FCFE (P/FCFE)
- Net Profit Margin since 2013
- Debt to Equity since 2013
- Total Asset Turnover since 2013
- Analysis of Debt
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RH, consolidated balance sheet: assets (quarterly data)
US$ in thousands
Based on: 10-Q (reporting date: 2023-04-29), 10-K (reporting date: 2023-01-28), 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).
- Cash and cash equivalents
- The cash and cash equivalents exhibit considerable volatility across the periods. Initial values decreased significantly from 80,150 to a low around 5,803 by early 2019. Following this trough, a strong upward trend is noted, peaking at over 2.19 million by early 2022, before falling back to approximately 1.5 million by April 2023. This suggests periods of substantial cash accumulation and subsequent usage or investment.
- Restricted cash
- Restricted cash is mostly absent in earlier periods but appears sporadically from mid-2019, with values around 6,500 before declining to approximately 3,500 by April 2023. This indicates the allocation of certain cash reserves for specific purposes, with a decreasing trend in recent quarters.
- Accounts receivable, net
- Accounts receivable generally increase over time, starting near 34,000 and rising steadily to values above 60,000 after 2020. Minor fluctuations occur, but the overall trend points to growing sales or credit extended to customers. The consistency in this increase implies strong revenue generation and collection activity.
- Merchandise inventories
- Merchandise inventories show a downward trend from approximately 683,984 to a low near 429,189 by late 2019, followed by a significant rebound peaking near 859,078 in mid-2022 before declining again to roughly 766,301 by April 2023. The fluctuations may reflect inventory management adjustments in response to sales cycles or supply chain dynamics.
- Asset held for sale
- The asset held for sale appears in limited periods, evident only in 2017 and early 2019, with no values reported in recent periods. This indicates occasional strategic decisions to divest certain assets, but no ongoing or recent plans of this nature.
- Prepaid expense and other current assets
- Prepaid expenses and other current assets exhibit variable behavior, initially decreasing from over 108,000 to about 46,725 in late 2019, then increasing significantly to a peak exceeding 272,000 in mid-2022, before declining again to roughly 129,000 by April 2023. This variability could be linked to payment timing, contractual obligations, or operational shifts.
- Current assets
- Current assets decline initially from approximately 914,670 to near 559,479 by late 2019, followed by a sharp increase peaking at over 3 million in 2021-2022, then falling again to around 2.47 million by April 2023. This pattern indicates a significant change in working capital components, possibly driven by inventory and receivables fluctuations or cash position changes.
- Property and equipment, net
- Net property and equipment values show a consistent upward trend, rising from roughly 702,741 to about 1.64 million in early 2023. This steady increase suggests ongoing capital investments and asset accumulation.
- Operating lease right-of-use assets
- Operating lease right-of-use assets appear in data starting 2019, maintaining relatively stable levels around 400,000 to 550,000 with a mild decreasing trend over time. This reflects lease obligations recorded following accounting standards that require capitalization of lease assets.
- Goodwill
- Goodwill remains fairly stable with minor decreases and increases between approximately 141,000 and 175,000, with the highest values in early periods, followed by consistent values in later years. This suggests little impairment or acquisition activity affecting goodwill.
- Tradenames, trademarks and other intangible assets
- Intangible assets remain mostly steady around 100,000 in early periods and reduce to approximately 65,000 by 2020 before a gradual increase to about 75,000 in 2023. This indicates amortization effects balanced by possible additions or revaluation.
- Deferred tax assets
- Deferred tax assets demonstrate some volatility, decreasing from nearly 29,000 to around 23,000 in early periods, then rising significantly to a peak over 167,000 by early 2023 before settling near 150,000. This increase may relate to recognized losses or timing differences expected to offset future taxable income.
- Equity method investments
- Equity method investments are reported sporadically, with values around 100,000 from 2020 onwards, gradually increasing to about 132,997 by April 2023. This growth indicates favorable performance or additional investments in associates or joint ventures.
- Other non-current assets
- Other non-current assets rise substantially from around 27,000 to nearly 300,000 by late 2021, then decrease to about 175,000 by April 2023. This fluctuation may be driven by valuation changes, disposals, or reclassification of assets.
- Non-current assets
- Non-current assets maintain an upward trajectory, increasing from approximately 1.03 million to nearly 2.84 million by early 2023, indicating sustained investment in long-term assets.
- Total assets
- Total assets fluctuate mildly in early periods (approximately 1.8 to 1.9 million), followed by a sharp increase peaking above 5.4 million in early 2022. Subsequently, total assets decrease slightly to about 5.3 million by April 2023. This trend reflects major asset growth, primarily driven by current and non-current asset increases, with some recent stabilization or minor reductions.