Valuein.biz - Fundamentals for Apple Inc. (AAPL)

Fundamental Analysis

Understanding business economics, moats, and financial health.

Apple Inc. (AAPL)

Sector: TechnologyIndustry: Consumer ElectronicsSize: mega-capStyle: blendEmployees: 150,000 Navigate to Valuations

Income Statements

Historical data, average, margins, growth rates (CAGR), and trends.

Items	2019	2020	2021	2022	2023	AVG	Margin	CAGR
Revenue	260.17B	274.51B	365.82B	394.33B	383.29B	335.62B	100.00%	10.17%
Gross Profit	98.39B	104.96B	152.84B	170.78B	169.15B	139.22B	41.48%	14.51%
Operating Income	51.38B	55.23B	97.67B	108.33B	102.78B	83.08B	24.75%	18.93%
PreTax Income	50.00B	54.34B	97.47B	108.44B	102.97B	82.64B	24.62%	19.79%
Net Income	55.26B	57.41B	94.68B	99.80B	97.00B	80.83B	24.08%	15.10%
Diluted Shares	18.60B	17.53B	16.86B	16.33B	15.81B	17.03B	-	-3.97%
EPS Diluted	2.97	3.28	5.61	6.11	6.13	4.82	-	19.86%

Trends Analysis

Key insights gleaned from Apple Inc.'s Income Statement analysis.

The Good

The good things we found about this business that you may consider interesting.

Revenue has shown positive performance, averaging $335.62B with 10.17% annual growth over the past 5 years, and reaching $383.29B last year.
Gross Profit has shown positive performance, averaging $139.22B with 14.51% annual growth over the past 5 years, and reaching $169.15B last year.
Production is scaling effectively by 14.51% which is faster than Revenue by reducing it costs by 4.34% per year, increasing profitability to the bottom line.
Operating Income has shown strong performance, averaging $83.08B with 18.93% annual growth over the past 5 years, and reaching $102.78B last year.
Operations are scaling effectively by 18.93% which is faster than Gross Profit by reducing it costs by 4.42% per year, increasing profitability to the bottom line.
PreTax Income has shown strong performance, averaging $82.64B with 19.79% annual growth over the past 5 years, and reaching $102.97B last year.
Financing are scaling effectively by 19.79% which is faster than Gross Profit by reducing it costs by 0.86% per year, increasing profitability to the bottom line.
Net Income has shown strong performance, averaging $80.83B with 15.10% annual growth over the past 5 years, and reaching $97.00B last year.
Diluted Shares have decreased considerably to 15.81B last year, with an average rate of -3.97% over the past 5 years.
EPS Diluted has shown strong performance, averaging $4.82 with 19.86% annual growth over the past 5 years, and reaching $6.13 last year.

The Bad

Mitigate your risks by avoiding holes in your research and taking these observations into consideration.

Balance Sheet

Historical data, average, margins, growth rates (CAGR), and trends.

Items	2019	2020	2021	2022	2023	AVG	CAGR
Current Assets	162.82B	143.71B	134.84B	135.41B	143.57B	144.07B	-3.10%
Total Assets	338.52B	323.89B	351.00B	352.75B	352.58B	343.75B	1.02%
Current Liabilities	105.72B	105.39B	125.48B	153.98B	145.31B	127.18B	8.28%
Total Debt	108.05B	112.44B	124.72B	120.07B	122.36B	117.53B	3.16%
Total Liabilities	248.03B	258.55B	287.91B	302.08B	290.44B	277.40B	4.03%
Retained Earnings	45.90B	14.97B	5.56B	-3.07B	-214.00M	12.63B	18.85%
Total Equity	90.49B	65.34B	63.09B	50.67B	62.15B	66.35B	-8.97%
Enterprise Value	338.52B	323.89B	351.00B	352.75B	352.58B	343.75B	1.02%

Analysis & Insights

Key insights gleaned from Apple Inc.'s Balance Sheet analysis.

The Good

The good things we found about this business that you may consider interesting.

Total Assets has shown weak performance, averaging $343.75B with 1.02% annual growth over the past 5 years, and reaching $352.58B last year.
Total Debt has shown weak performance, averaging $117.53B with 3.16% annual growth over the past 5 years, and reaching $122.36B last year.
Retained Earnings has shown strong performance, averaging $12.63B with 18.85% annual growth over the past 5 years, and reaching $-214.00M last year.
Enterprise Value has shown weak performance, averaging $343.75B with 1.02% annual growth over the past 5 years, and reaching $352.58B last year.
Current Ratio of 1.00 shows good liquidity, allowing the company to meet its short-term liabilities for current year.
Return On Assets of 27.51% shows strong profitability, operational and financing efficiency.
Return On Equity of 156.08% shows strong profitability, operational and financing efficiency.
The Asset Turnover Ratio of 108.71% shows positive but weak efficiency in the generation of revenue from it assets.

The Bad

Mitigate your risks by avoiding holes in your research and taking these observations into consideration.

Current Assets has shown negative performance, averaging $144.07B with an annual decline of 3.1% over the past 5 years, and reaching $143.57B last year.
Current Liabilities have increased to 145.31B last year, with an annual average rate of 8.28% over the past 5 years.
Total Liabilities have increased to 290.44B last year, with an annual average rate of 4.03% over the past 5 years.
Total Equity has shown negative performance, averaging $66.35B with an annual decline of 8.97% over the past 5 years, and reaching $62.15B last year.
Debt/Equity Ratio of 1.97 shows weak solvency, and financial health, the company is leveraged and relies more on debt financing structure which may generate financial distress.

Items	2019	2020	2021	2022	2023	AVG	CAGR
Real Cash From Operations	53.65B	67.92B	92.30B	111.49B	99.77B	85.03B	16.78%
Real Cash From Investing	45.90B	-4.29B	-14.54B	-22.35B	3.71B	1.68B	-46.70%
Real Cash From Financing	-90.98B	-86.82B	-93.35B	-110.75B	-108.49B	-98.08B	4.50%
Free Cash Flow	58.90B	73.36B	92.95B	111.44B	99.58B	87.25B	14.03%