Way 2 Vat Ltd
Way 2 Vat Ltd, a fintech company, engages in the development of automatic value added tax (VAT) reclaims and compliance applications for enterprises worldwide. The company owns and operates VAT/goods and services tax (GST) reclaim platform. It also provides foreign and local VAT\GST reclaim solutions; VAT\GST reclaims on account payable invoices and travel expenses reclaim services; and automated… Read more
Way 2 Vat Ltd (W2V) - Total Assets
Latest total assets as of June 2025: AU$5.86 Million AUD
Based on the latest financial reports, Way 2 Vat Ltd (W2V) holds total assets worth AU$5.86 Million AUD as of June 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.
Way 2 Vat Ltd - Total Assets Trend (2018–2024)
This chart illustrates how Way 2 Vat Ltd’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
Way 2 Vat Ltd - Asset Composition Analysis
Current Asset Composition (December 2024)
Way 2 Vat Ltd's total assets of AU$5.86 Million consist of 67.6% current assets and 32.4% non-current assets.
| Asset Category | Amount (AUD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | AU$81.00K | 1.7% |
| Accounts Receivable | AU$2.95 Million | 65.8% |
| Inventory | AU$0.00 | 0.0% |
| Property, Plant & Equipment | AU$713.00K | 15.9% |
| Intangible Assets | AU$739.00K | 16.5% |
| Goodwill | AU$0.00 | 0.0% |
Asset Composition Trend (2018–2024)
This chart illustrates how Way 2 Vat Ltd'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: Way 2 Vat Ltd's current assets represent 67.6% of total assets in 2024, a decrease from 88.0% in 2018.
- Cash Position: Cash and equivalents constituted 1.7% of total assets in 2024, down from 51.8% in 2018.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 16.0% of total assets, an increase from 0.0% in 2018.
- Asset Diversification: The largest asset category is accounts receivable at 65.8% of total assets.
Way 2 Vat Ltd Competitors by Total Assets
Key competitors of Way 2 Vat Ltd based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
Eastcompeace Technology Co Ltd
SHE:002017
|
China | CN¥2.97 Billion |
|
Wiscom System Co Ltd
SHE:002090
|
China | CN¥3.17 Billion |
|
Topsec Technologies Group Inc
SHE:002212
|
China | CN¥10.79 Billion |
|
Focus Technology Co Ltd
SHE:002315
|
China | CN¥4.27 Billion |
|
Beijing Venustech Inc
SHE:002439
|
China | CN¥13.16 Billion |
|
Maxvision Technology Corp
SHE:002990
|
China | CN¥3.74 Billion |
|
OpenSys M Bhd
KLSE:0040
|
Malaysia | RM129.25 Million |
|
Managepay Systems Bhd
KLSE:0156
|
Malaysia | RM86.24 Million |
Way 2 Vat Ltd - 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
Moderate asset utilization - Way 2 Vat Ltd generates 0.67x its asset value in annual revenue.
Return on Assets (ROA)
Measures how efficiently a company uses its assets to generate profits
Negative ROA - Way 2 Vat Ltd is currently not profitable relative to its asset base.
Way 2 Vat Ltd - 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 | 0.98 | 0.86 | 1.28 |
| Quick Ratio | 0.98 | 0.86 | 1.28 |
| Cash Ratio | 0.20 | 0.37 | 0.00 |
| Working Capital | AU$-96.09K | AU$ -686.00K | AU$ 187.00K |
Way 2 Vat Ltd - Advanced Valuation Insights
This section examines the relationship between Way 2 Vat Ltd'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 | 92.54 |
| Latest Market Cap to Assets Ratio | 1.59 |
| Asset Growth Rate (YoY) | 8.2% |
| Total Assets | AU$4.48 Million |
| Market Capitalization | $7.14 Million USD |
Valuation Analysis
Above Book Valuation: The market values Way 2 Vat Ltd's assets above their book value (1.59 x), reflecting positive investor sentiment about the company's future prospects.
Positive Asset Growth: Way 2 Vat Ltd's assets grew by 8.2% over the past year, showing continued investment in the company's operational capacity.
Annual Total Assets for Way 2 Vat Ltd (2018–2024)
The table below shows the annual total assets of Way 2 Vat Ltd from 2018 to 2024.
| Year | Total Assets | Change |
|---|---|---|
| 2024-12-31 | AU$4.48 Million | +8.15% |
| 2023-12-31 | AU$4.15 Million | -8.17% |
| 2022-12-31 | AU$4.51 Million | -12.92% |
| 2021-12-31 | AU$5.18 Million | -44.06% |
| 2020-12-31 | AU$9.27 Million | +152.77% |
| 2019-12-31 | AU$3.67 Million | +375.00% |
| 2018-12-31 | AU$772.00K | -- |