Common-Size Balance Sheet: Assets
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- Statement of Comprehensive Income
- Analysis of Profitability Ratios
- Analysis of Long-term (Investment) Activity Ratios
- DuPont Analysis: Disaggregation of ROE, ROA, and Net Profit Margin
- Enterprise Value (EV)
- Price to FCFE (P/FCFE)
- Capital Asset Pricing Model (CAPM)
- Current Ratio since 2005
- Total Asset Turnover since 2005
- Analysis of Revenues
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Trane Technologies plc, common-size consolidated balance sheet: assets
Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).
- Cash and Cash Equivalents
- The proportion of cash and cash equivalents to total assets showed a notable increase from 5.04% in 2018 to a peak of 18.12% in 2020, followed by a decline to 6.75% in 2022. This pattern indicates a substantial accumulation of liquid assets in 2020, likely as a strategic reserve, before being reduced over the next two years.
- Accounts and Notes Receivable, Net
- This category experienced a slight decrease from 14.96% in 2018 to 12.13% in 2020, then increased steadily to 15.38% by 2022. The initial decline suggests improved collection or tighter credit policies, while the subsequent rise might reflect higher sales or relaxed credit terms.
- Inventories
- Inventories decreased from 9.37% in 2018 to 6.55% in 2020, followed by a consistent increase reaching 11.03% in 2022. The early reduction may indicate inventory optimization or decreased demand, whereas the later increase could signal buildup in anticipation of higher sales or supply chain adjustments.
- Other Current Assets
- Other current assets remained relatively stable, fluctuating slightly between 1.24% and 2.63% over the five-year period. This suggests that these assets were maintained at a consistent level without significant strategic changes.
- Current Assets
- Current assets as a whole showed an increase from 32% in 2018 to a significant peak of 38.03% in 2020, then declined modestly to 35.28% in 2022. The peak in 2020 aligns with the increase in cash and cash equivalents, reflecting a focus on liquidity that year.
- Property, Plant, and Equipment, Net
- The percentage of property, plant, and equipment decreased from 9.66% in 2018 to 7.43% in 2020, before a gradual increase to 8.5% in 2022. This pattern could reflect asset disposals or slower capital expenditures initially, followed by renewed investments in later years.
- Goodwill
- Goodwill comprised a significant portion of total assets, declining slightly from 33.27% in 2018 to 29.43% in 2020, and then stabilizing around 30.4% thereafter. The reduction may be linked to impairment or revaluation events occurring around 2020.
- Intangible Assets, Net
- Intangible assets as a percentage of total assets fell gradually from 20.29% in 2018 to just above 18% in subsequent years, showing a minor decline with relative stability after 2020. This indicates little change in the company's intangible asset base during the period.
- Other Noncurrent Assets
- These assets increased from 4.79% in 2018 to approximately 7.7% by 2022, suggesting the acquisition or recognition of additional long-term assets or investments over time.
- Noncurrent Assets
- Noncurrent assets exhibited a declining trend from 68% in 2018 to 61.97% in 2020, followed by a recovery to about 64.7% in 2022. This movement correlates with shifts observed in goodwill, property, and other noncurrent asset categories, indicating fluctuations in long-term asset composition.
- Total Assets
- The total assets across all periods sum up to 100%, serving as the base for the proportional analysis of component asset groups.