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    FRA PPT Apple Assets

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    pgp39303
    Apple reported $171 billion in gross profits for fiscal year 2022 as of September 24th, a 43% increase over the previous year. The company holds $353 billion in total assets, with 62% comprised of non-current assets and 38% current assets. Apple is investing heavily in property, equipment, and expanding operations in Asia, particularly China and India, as indicated by a 6.7% increase in property and equipment assets despite $10 billion in depreciation and amortization for 2022.

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    FRA PPT Apple Assets

    Uploaded by

    pgp39303
    20 views6 pages
    Apple reported $171 billion in gross profits for fiscal year 2022 as of September 24th, a 43% increase over the previous year. The company holds $353 billion in total assets, with 62% comprised of non-current assets and 38% current assets. Apple is investing heavily in property, equipment, and expanding operations in Asia, particularly China and India, as indicated by a 6.7% increase in property and equipment assets despite $10 billion in depreciation and amortization for 2022.

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    FRA_PPT_Apple_Assets

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    Apple reported $171 billion in gross profits for fiscal year 2022 as of September 24th, a 43% increase over the previous year. The company holds $353 billion in total assets, with 62% comprised of non-current assets and 38% current assets. Apple is investing heavily in property, equipment, and expanding operations in Asia, particularly China and India, as indicated by a 6.7% increase in property and equipment assets despite $10 billion in depreciation and amortization for 2022.

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    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    20 views6 pages

    FRA PPT Apple Assets

    Uploaded by

    pgp39303
    Apple reported $171 billion in gross profits for fiscal year 2022 as of September 24th, a 43% increase over the previous year. The company holds $353 billion in total assets, with 62% comprised of non-current assets and 38% current assets. Apple is investing heavily in property, equipment, and expanding operations in Asia, particularly China and India, as indicated by a 6.7% increase in property and equipment assets despite $10 billion in depreciation and amortization for 2022.

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    © All Rights Reserved
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    Download as pptx, pdf, or txt
    of 6

    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

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