Visioneering Technologies Inc
Visioneering Technologies, Inc., a medical device company, engages in the design, manufacture, sale, and distribution of contact lenses in North America, Europe, and the Asia-Pacific. Its flagship product is NaturalVue, a multifocal 1-day contact lens for adults with presbyopia and children with myopia. The company was incorporated in 2008 and is headquartered in Alpharetta, Georgia.
Visioneering Technologies Inc (VTI) - Total Assets
Latest total assets as of June 2024: AU$6.12 Million AUD
Based on the latest financial reports, Visioneering Technologies Inc (VTI) holds total assets worth AU$6.12 Million AUD as of June 2024.
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.
Visioneering Technologies Inc - Total Assets Trend (2004–2023)
This chart illustrates how Visioneering Technologies Inc’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
Visioneering Technologies Inc - Asset Composition Analysis
Current Asset Composition (December 2023)
Visioneering Technologies Inc's total assets of AU$6.12 Million consist of 64.0% current assets and 36.0% non-current assets.
| Asset Category | Amount (AUD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | AU$0.00 | 26.8% |
| Accounts Receivable | AU$966.00K | 8.6% |
| Inventory | AU$2.16 Million | 19.3% |
| Property, Plant & Equipment | AU$0.00 | 0.0% |
| Intangible Assets | AU$289.00K | 2.6% |
| Goodwill | AU$0.00 | 0.0% |
Asset Composition Trend (2004–2023)
This chart illustrates how Visioneering Technologies Inc'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.
Key Asset Composition Facts
- Current vs. Non-Current Assets: Visioneering Technologies Inc's current assets represent 64.0% of total assets in 2023, an increase from 23.9% in 2004.
- Cash Position: Cash and equivalents constituted 26.8% of total assets in 2023, up from 14.0% in 2004.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 2.0% of total assets, an increase from 0.0% in 2004.
- Asset Diversification: The largest asset category is inventory at 19.3% of total assets.
Visioneering Technologies Inc Competitors by Total Assets
Key competitors of Visioneering Technologies Inc based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
Shanghai Kehua Bio-Engineering Co Ltd
SHE:002022
|
China | CN¥5.17 Billion |
|
Jiangsu Yuyue Medical Equipment & Supply Co Ltd
SHE:002223
|
China | CN¥16.67 Billion |
|
Double Medical Technology Inc
SHE:002901
|
China | CN¥4.55 Billion |
|
Wuhan Easy Diagnosis Biomedicine Co Ltd Class A
SHE:002932
|
China | CN¥6.10 Billion |
|
Shinhung
KO:004080
|
Korea | ₩153.50 Billion |
|
UMediC Group Berhad
KLSE:0256
|
Malaysia | RM94.93 Million |
|
Osang Healthcare Co.,Ltd
KQ:036220
|
Korea | ₩287.70 Billion |
|
HansBiomed Corporation
KQ:042520
|
Korea | ₩126.41 Billion |
Visioneering Technologies Inc - Asset Efficiency Metrics
Asset efficiency metrics measure how effectively a company uses its assets to generate revenue and profits. These indicators help investors evaluate management's ability to deploy capital efficiently.
Asset Turnover Ratio
Measures how efficiently a company uses its assets to generate sales
Strong asset utilization - Visioneering Technologies Inc generates 0.77x its asset value in annual revenue.
Return on Assets (ROA)
Measures how efficiently a company uses its assets to generate profits
Negative ROA - Visioneering Technologies Inc is currently not profitable relative to its asset base.
Visioneering Technologies Inc - 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 | 3.38 | 2.25 | 2.90 |
| Quick Ratio | 2.44 | 1.66 | 1.66 |
| Cash Ratio | 0.00 | 0.65 | 0.00 |
| Working Capital | AU$4.00 Million | AU$ 6.33 Million | AU$ 5.01 Million |
Visioneering Technologies Inc - Advanced Valuation Insights
This section examines the relationship between Visioneering Technologies Inc'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 | 0.54 |
| Latest Market Cap to Assets Ratio | 0.14 |
| Asset Growth Rate (YoY) | 23.0% |
| Total Assets | AU$11.21 Million |
| Market Capitalization | $1.58 Million USD |
Valuation Analysis
Below Book Valuation: The market values Visioneering Technologies Inc's assets below their book value (0.14 x), which may indicate investor concerns about asset quality or future growth.
Rapid Asset Growth: Visioneering Technologies Inc's assets grew by 23.0% over the past year, indicating significant expansion of the company's resource base.
Annual Total Assets for Visioneering Technologies Inc (2004–2023)
The table below shows the annual total assets of Visioneering Technologies Inc from 2004 to 2023.
| Year | Total Assets | Change |
|---|---|---|
| 2023-12-31 | AU$11.21 Million | +23.04% |
| 2022-12-31 | AU$9.11 Million | -38.94% |
| 2021-12-31 | AU$14.91 Million | +199.06% |
| 2020-12-31 | AU$4.99 Million | -14.46% |
| 2019-12-31 | AU$5.83 Million | -27.36% |
| 2018-12-31 | AU$8.03 Million | -49.31% |
| 2017-12-31 | AU$15.83 Million | -49.16% |
| 2016-12-31 | AU$31.14 Million | +6961.90% |
| 2015-12-31 | AU$441.00K | -97.85% |
| 2007-12-31 | AU$20.48 Million | -27.72% |
| 2006-12-31 | AU$28.33 Million | -19.04% |
| 2005-12-31 | AU$34.99 Million | +102.76% |
| 2004-12-31 | AU$17.26 Million | -- |