Balance Sheet: Assets
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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- Statement of Comprehensive Income
- Cash Flow Statement
- Common-Size Income Statement
- DuPont Analysis: Disaggregation of ROE, ROA, and Net Profit Margin
- Enterprise Value (EV)
- Enterprise Value to FCFF (EV/FCFF)
- Dividend Discount Model (DDM)
- Debt to Equity since 2005
- Price to Sales (P/S) since 2005
- Analysis of Debt
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Sherwin-Williams Co., consolidated balance sheet: assets
US$ in thousands
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).
- Cash and Cash Equivalents
- Cash and cash equivalents exhibited fluctuations over the analyzed period. Following a decrease from 226,600 thousand USD in 2020 to 165,700 thousand USD in 2021, the amount rebounded to 198,800 thousand USD in 2022, then significantly increased to 276,800 thousand USD in 2023 before declining again to 210,400 thousand USD in 2024. This pattern suggests variable liquidity management or changes in cash flow dynamics year-over-year.
- Accounts Receivable, Net
- Accounts receivable showed a consistent upward trend from 2,078,100 thousand USD in 2020 to a peak of 2,563,600 thousand USD in 2022, followed by a reduction to 2,467,900 thousand USD in 2023 and further to 2,388,800 thousand USD in 2024. This indicates initial growth in credit sales or receivables followed by a moderate contraction.
- Inventories
- Inventories increased steadily from 1,804,100 thousand USD in 2020 to 2,626,500 thousand USD in 2022, then decreased to 2,329,800 thousand USD in 2023 and slightly more to 2,288,100 thousand USD in 2024. This suggests inventory build-up through 2022, followed by inventory reduction or improved turnover in subsequent years.
- Other Current Assets
- Other current assets rose from 482,600 thousand USD in 2020 to 608,400 thousand USD in 2021, then dropped notably to 518,800 thousand USD in 2022 and further declined to 438,400 thousand USD in 2023 before increasing to 513,500 thousand USD in 2024. These fluctuations may reflect changes in prepaid expenses or other short-term asset components.
- Current Assets
- Total current assets increased from 4,591,400 thousand USD in 2020 to a peak of 5,907,700 thousand USD in 2022, then decreased to 5,512,900 thousand USD in 2023 and 5,400,800 thousand USD in 2024. The pattern mirrors that of individual current asset components, indicating overall current asset growth until 2022 followed by moderate declines.
- Property, Plant and Equipment, Net (PP&E)
- Net PP&E showed continuous growth from 1,834,500 thousand USD in 2020 to 3,533,200 thousand USD in 2024. The acceleration was particularly noticeable from 2022 onward, indicating capital investment and asset expansion.
- Finance Lease Right-of-Use Assets and Combined PP&E Including Leases
- The introduction of finance lease right-of-use assets in 2024 at 187,500 thousand USD contributed to total PP&E including lease assets rising to 3,720,700 thousand USD in 2024, enhancing the asset base beyond traditional PP&E.
- Goodwill
- Goodwill amounts displayed minor variation over the period, increasing modestly from 7,049,100 thousand USD in 2020 to a high of 7,626,000 thousand USD in 2023, then slightly decreasing to 7,580,100 thousand USD in 2024. These stable levels suggest limited acquisition activity or impairment recognition.
- Intangible Assets
- Intangible assets decreased steadily from 4,471,200 thousand USD in 2020 to 3,533,200 thousand USD in 2024, indicating amortization or disposals exceeding additions during this timeframe.
- Operating Lease Right-of-Use Assets
- Operating lease right-of-use assets experienced consistent, moderate growth from 1,761,100 thousand USD in 2020 to 1,953,800 thousand USD in 2024, reflecting ongoing leased asset recognition.
- Other Assets
- Other assets also showed a clear increasing trend, growing from 694,300 thousand USD in 2020 to 1,444,000 thousand USD in 2024, signaling increases in long-term or miscellaneous asset categories.
- Long-Term Assets
- Long-term assets overall exhibited growth from 15,810,200 thousand USD in 2020 to 18,231,800 thousand USD in 2024, consistent with investments in PP&E, leases, and intangibles, highlighting expansion in capital assets.
- Total Assets
- Total assets grew from 20,401,600 thousand USD in 2020 to 23,632,600 thousand USD in 2024, with a steady upward trajectory apart from a slight plateau between 2022 and 2023. This reflects an overall increase in the company's asset base over the period analyzed.