Smith AO Corporation (AOS) - Total Assets
Based on the latest financial reports, Smith AO Corporation (AOS) holds total assets worth $3.17 Billion USD as of September 2025. Total assets represent everything the company owns and controls, combining both current assets—like cash and cash equivalents, accounts receivable, and inventories—and non-current assets such as property, plant, equipment (PP&E), intangible assets, and long-term investments. Check Smith AO Corporation cash flow reinvestment rate to assess the company's total reinvestment commitment from operating cash flow.
Smith AO Corporation - Total Assets Trend (1985–2024)
This chart illustrates how Smith AO Corporation's total assets have evolved over time, based on quarterly financial data. Check AOS operating cash flow to net income to evaluate the quality of earnings relative to operating cash generation.
Smith AO Corporation - Asset Composition Analysis
Current Asset Composition (December 2024)
Smith AO Corporation's total assets of $3.17 Billion consist of 43.0% current assets and 57.0% non-current assets.
| Asset Category | Amount (USD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | $239.60 Million | 7.4% |
| Accounts Receivable | $541.40 Million | 16.7% |
| Inventory | $532.10 Million | 16.4% |
| Property, Plant & Equipment | $661.50 Million | 20.4% |
| Intangible Assets | $321.10 Million | 9.9% |
| Goodwill | $761.70 Million | 23.5% |
Asset Composition Trend (1985–2024)
This chart illustrates how Smith AO Corporation's asset composition has evolved over time. Understanding changes in asset allocation can provide insights into the company's strategic shifts, capital allocation priorities, and business focus evolution. For live market cap, price, and company overview, see Smith AO Corporation market cap and net worth.
Key Asset Composition Facts
- Current vs. Non-Current Assets: Smith AO Corporation's current assets represent 43.0% of total assets in 2024, an increase from 40.2% in 1985.
- Cash Position: Cash and equivalents constituted 7.4% of total assets in 2024, up from 3.1% in 1985.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 32.0% of total assets, an increase from 0.0% in 1985.
- Asset Diversification: The largest asset category is goodwill at 23.5% of total assets.
Smith AO Corporation Competitors by Total Assets
Key competitors of Smith AO Corporation based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
Vestas Wind Systems A/S
CO:VWS
|
Denmark | Dkr26.71 Billion |
|
Nordex SE
F:NDX1
|
Germany | €6.75 Billion |
|
Shenzhen SC New Energy Technology Corp Class A
SHE:300724
|
China | CN¥26.79 Billion |
|
Guangdong High Dream Intellectualized Machinery Co Ltd Class A
SHE:300720
|
China | CN¥649.07 Million |
|
Wuxi Boton Technology Co Ltd
SHE:300031
|
China | CN¥6.50 Billion |
|
Suzhou TZTEK Technology Co Ltd
SHG:688003
|
China | CN¥3.85 Billion |
|
Zhejiang Dayuan Pumps Ind Co
SHG:603757
|
China | CN¥2.81 Billion |
|
Shanghai Cooltech Power Co Ltd
SHE:300153
|
China | CN¥3.18 Billion |
Smith AO Corporation - Liquidity and Working Capital Analysis
Liquidity ratios measure a company's ability to pay off its short-term debts as they come due, using the company's current or quick assets. Working capital represents the operational liquidity available.
Key Liquidity Metrics
| Metric | Current | 1 Year Ago | 5 Years Ago |
|---|---|---|---|
| Current Ratio | 1.54 | 1.67 | 1.83 |
| Quick Ratio | 0.95 | 1.02 | 1.49 |
| Cash Ratio | 0.18 | 0.26 | 0.00 |
| Working Capital | $463.60 Million | $568.30 Million | $731.70 Million |
Smith AO Corporation - Advanced Valuation Insights
This section examines the relationship between Smith AO Corporation's asset base and its market valuation, helping to identify whether the company's assets are efficiently translated into market value.
Key Valuation Metrics
| Current Price-to-Book Ratio | 5.14 |
| Latest Market Cap to Assets Ratio | 2.04 |
| Asset Growth Rate (YoY) | 0.8% |
| Total Assets | $3.24 Billion |
| Market Capitalization | $6.60 Billion USD |
Valuation Analysis
Premium Asset Valuation: The market values Smith AO Corporation's assets at a significant premium (2.04x), suggesting investors see substantial growth potential or unique competitive advantages.
Positive Asset Growth: Smith AO Corporation's assets grew by 0.8% over the past year, showing continued investment in the company's operational capacity.
Annual Total Assets for Smith AO Corporation (1985–2024)
The table below shows the annual total assets of Smith AO Corporation from 1985 to 2024.
| Year | Total Assets | Change |
|---|---|---|
| 2024-12-31 | $3.24 Billion | +0.81% |
| 2023-12-31 | $3.21 Billion | -3.55% |
| 2022-12-31 | $3.33 Billion | -4.09% |
| 2021-12-31 | $3.47 Billion | +9.93% |
| 2020-12-31 | $3.16 Billion | +3.36% |
| 2019-12-31 | $3.06 Billion | -0.44% |
| 2018-12-31 | $3.07 Billion | -3.93% |
| 2017-12-31 | $3.20 Billion | +10.59% |
| 2016-12-31 | $2.89 Billion | +9.24% |
| 2015-12-31 | $2.65 Billion | +5.22% |
| 2014-12-31 | $2.52 Billion | +5.18% |
| 2013-12-31 | $2.39 Billion | +5.58% |
| 2012-12-31 | $2.27 Billion | -3.57% |
| 2011-12-31 | $2.35 Billion | +11.22% |
| 2010-12-31 | $2.11 Billion | +11.08% |
| 2009-12-31 | $1.90 Billion | +0.92% |
| 2008-12-31 | $1.88 Billion | +1.59% |
| 2007-12-31 | $1.85 Billion | +0.79% |
| 2006-12-31 | $1.84 Billion | +42.33% |
| 2005-12-31 | $1.29 Billion | -1.53% |
| 2004-12-31 | $1.31 Billion | +2.57% |
| 2003-12-31 | $1.28 Billion | +4.49% |
| 2002-12-31 | $1.22 Billion | -5.34% |
| 2001-12-31 | $1.29 Billion | +22.16% |
| 2000-12-31 | $1.06 Billion | -0.45% |
| 1999-12-31 | $1.06 Billion | +38.64% |
| 1998-12-31 | $767.43 Million | +7.11% |
| 1997-12-31 | $716.52 Million | -19.04% |
| 1996-12-31 | $884.99 Million | -7.13% |
| 1995-12-31 | $952.92 Million | +12.39% |
| 1994-12-31 | $847.86 Million | +3.01% |
| 1993-12-31 | $823.10 Million | +7.03% |
| 1992-12-31 | $769.00 Million | +1.95% |
| 1991-12-31 | $754.30 Million | -4.31% |
| 1990-12-31 | $788.30 Million | -0.93% |
| 1989-12-31 | $795.70 Million | -1.49% |
| 1988-12-31 | $807.70 Million | +18.43% |
| 1987-12-31 | $682.00 Million | -1.62% |
| 1986-12-31 | $693.20 Million | +42.55% |
| 1985-12-31 | $486.30 Million | -- |
About Smith AO Corporation
A. O. Smith Corporation manufactures and markets residential and commercial gas and electric water heaters, boilers, heat pumps, tanks, and water treatment products in North America, China, Europe, and India. The company offers water heaters for residences, restaurants, hotels, office buildings, laundries, car washes, and small businesses; boilers for hospitals, schools, hotels, and other large c… Read more