Trend analysis of Sothebys balance sheet accounts such as Receivables of 906.9 M, Accounts Payable of 92.9 M or Total Assets of 3.3 B provides information on Sothebys total assets, its liabilities, and its equity which is the actual value of Sothebys to its prevalent stockholders. By breaking down trends over time using Sothebys balance sheet statements, investors will see what exactly the company owned and what it owed to creditors or other parties at the end of each accounting year. Financial Statement Analysis is much more than just reviewing and breaking down Sothebys prevalent accounting reports in order to predict its past. Macroaxis encourages investors to analyze financial statement over time for various trends across multiple indicators and accounts to determine whether Sothebys is a good buy for the upcoming year. Check also Trending Equities.
Total AssetsTotal assets refers to the total amount of Sothebys assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Sothebys books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Major components are [CashnEq]; [Investments];[Intangibles]; [PPNENet];[TaxAssets] and [Receivables].
Current AssetsCurrent assets of Sothebys include cash, cash equivalents, short-term investments, accounts receivable, stock inventory and the portion of prepaid liabilities which will be paid within a year. Depending on the nature of the business, current assets can range from barrels of crude oil, to baked goods, to foreign currency. Current assets are important because they are the assets that are used to fund day-to-day operations of Sothebys. The current portion of [Assets]; reported if a company operates a classified balance sheet that segments current and non-current assets.
Shareholders EquityA principal component of the balance sheet; in addition to [Liabilities] and [Assets]; that represents the total of all stockholders' equity (deficit) items; net of receivables from officers; directors; owners; and affiliates of the entity which are attributable to the parent.
Total LiabilitiesDeferred Income Tax is recorded on Sothebys balance sheet and a result of income already earned and recognized for accounting, but not tax, purposes. Also, differences between tax laws and accounting methods can result in a temporary difference in the amount of income tax payable by a company. This difference is recorded on Sothebys books as deferred income tax. Sum of the carrying amounts as of the balance sheet date of all liabilities that are recognized. Principal components are [Debt]; [DeferredRev]; [Payables];[Deposits]; and [TaxLiabilities].