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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Trane Technologies plc pages available for free this week:
- 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, consolidated balance sheet: assets (quarterly data)
US$ in thousands
Based on: 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).
- Cash and cash equivalents
- The cash reserves exhibited volatility across the observed periods, with a significant increase in the first quarter of 2019 reaching a peak of 1,907,400 thousand US dollars, followed by fluctuations including a notable rise in 2020's third and fourth quarters. Subsequently, cash levels declined sharply in early 2023, indicating possible changes in liquidity management or operational cash flows.
- Accounts and notes receivable, net
- Receivables increased steadily during the first half of 2019, peaking around mid-2019 and then declined significantly into early 2020. Post-2020, there was a gradual recovery and stabilization with some fluctuation, finishing the period slightly lower in early 2023 compared to the mid-2021 levels. This pattern may suggest credit and collection policy adjustments or changes in sales volume.
- Inventories
- Inventory levels demonstrated an overall increasing trend from early 2018 to early 2023. After a decline during 2019 and the early stages of 2020, inventories began to accumulate steadily, reaching the highest value in the first quarter of 2023. This could reflect buildup for anticipated demand or slower inventory turnover.
- Other current assets
- Other current assets showed a general decreasing trend from 2018 through 2020, followed by a reversal and increase from 2021 onwards. The gradual growth in these assets toward 2023 points to an increase in miscellaneous short-term assets that may support operational needs.
- Current assets
- Current assets experienced fluctuations but maintained a relatively stable range between 6.0 billion and 7.1 billion US dollars throughout the reported periods. Peaks occurred in early 2019 and mid-2021, with some dips observed in mid-2022 and early 2023, underlying a balance between liquidity and operational asset management.
- Property, plant and equipment, net
- Fixed assets held steady from 2018 up to late 2019, followed by a noticeable drop in early 2020 thought to reflect asset disposals or impairments. After this drop, there was a recovery trend through 2022 and into 2023, suggesting reinvestment or acquisition of productive assets.
- Goodwill
- Goodwill remained relatively stable with minor fluctuations between 5.3 billion and 6.8 billion US dollars, with a peak occurring mid-2019. A dip coincides with early 2020, dropping significantly, possibly due to impairment charges or divestitures. It largely recovered and stabilized by the end of the period.
- Intangible assets, net
- Intangible assets showed a gradual decline from early 2018 to late 2021, followed by a rather stable pattern through 2023. The reduction could be attributed to amortization over time or asset write-offs, while the leveling off suggests stabilization in intangible assets valuation.
- Other noncurrent assets
- These assets increased from 2018 to 2019, exhibiting notable growth around 2019, then declined during the 2020 period before slowly increasing again from 2021 onward. This trend suggests fluctuations in long-term investments or deferred charges.
- Noncurrent assets
- Noncurrent assets followed a similar pattern to other long-term categories, peaking in mid-2019 before dropping sharply in early 2020. Since then, values have slowly recovered, almost reaching previous peak levels by early 2023, indicating ongoing capital investment and asset management efforts.
- Total assets
- Total assets reflected fluctuations following the trends in current and noncurrent assets with a peak in mid-2019 exceeding 20.6 billion US dollars. There was a marked decline into early 2020, with gradual recovery afterward. By early 2023, total assets slightly decreased compared to mid-period highs but remained well above 17.8 billion US dollars, indicating stable overall asset management and balance sheet size across the years.