Financial Reporting and

Analysis
Apple.inc Assets

Created by Jeet Shahi, Sathvik Kappala and Martand Sharma

Apple Assets: An Overview
Gross Margin for financial year 2022( As of Sep’24th, 2022): $171B. GMP is 43% increased by ~2% age points

• Current Assets worth $353B.

• 62% Non current assets and 38% Current Assets.
• Current –Vendor non trade receivables, marketable securities and cash.
• Non Current- Marketable securities, PLE, Other non current
• Expansion
• Cash and Cash equivalents have shown a drop of 32% compared to previous year.
• Property, equipment and other Non current assets increased.
• Even though Depreciation and Amortization by ~$10B in 2022
• Expansion in Asia for china plus 1.
Apple Assets: An Overview
• Demands
• Small inventory, lesser compared to previous year (4% of current assets). (Sale to vendors)
• Sale to vendors, money to be realized. (Vendor non trade receivables up by 32%)
• Increased demand
Apple Assets: Ratios

• Current Ratio: 88% as compared to 109% in 2021

• Quick Ratio: 85% as compared to 102% in 2021
• Cash ratio: 31% as compared to 50% in 2021
• Samsung, Microsoft and Google had current ratios bw 2-3
• Though current assets have increased, current liabilities have
increased more
• Apple has reduced ability to meet short term cash requirements, but
as it may have good long term assets ($217B) , it may take loans
based on that.
Appendix
 Apple Assets: An Overview
Gross Margin for fiscal year 2022( As of Sep’24th, 2022): $171B. GMP is 43% increased by ~2% age points

Total Assets:
$353B

Current Non Current

Assets: 38% Assets: 62%

Vendor Non Trade

Receivables: 24% (+30%) Marketable securities: 55% (-5%)

Accounts Receivable:
21% (+7%) Other Non current assets
(Leased property): 25% (11%) 1) Apple is investing in property,
Marketable securities
18% (+11%)
plan and equipment. Can be
Property, plant and indicative of expansion in India
equipment: 19% (6.7%)
Cash and Cash
to act as +1 for China
1) Apple’s inventory forms a small equivalents: 17% (-32%)

part of its current assets and Inventory: 4% (-24%)

has decreased. 1) Non Trade receivables is money to be
2) As Vendor non trade realized from vendors who have
purchased parts for subassembly or
receivables have been high, it assemble final products for company.
implies apple is selling off Primarily 2 vendors that provide 70% of
whatever it manufactures this
quickly
1) Depreciation using straight line method
2) Main fixed current asset is machinery
equipment and internal use software,
3) Non other current assets include