Penneo AS
Penneo A/S, a software-as-a-service company, provides signing and know-your-customer workflow software for the auditing and accounting industry. Its solutions include Penneo Sign for digital signing, workflow automation, and data collection; and Penneo KYC to automate the client onboarding process. The company serves customers in audit and accounting, finance and banking, real estate, legal, and … Read more
Penneo AS (PENNEO) - Total Assets
Latest total assets as of September 2024: Dkr113.16 Million DKK
Based on the latest financial reports, Penneo AS (PENNEO) holds total assets worth Dkr113.16 Million DKK as of September 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.
Penneo AS - Total Assets Trend (2018–2023)
This chart illustrates how Penneo AS’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
Penneo AS - Asset Composition Analysis
Current Asset Composition (December 2023)
Penneo AS's total assets of Dkr113.16 Million consist of 42.7% current assets and 57.3% non-current assets.
| Asset Category | Amount (DKK) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | Dkr0.00 | 30.0% |
| Accounts Receivable | Dkr15.84 Million | 11.3% |
| Inventory | Dkr0.00 | 0.0% |
| Property, Plant & Equipment | Dkr0.00 | 0.0% |
| Intangible Assets | Dkr59.99 Million | 42.6% |
| Goodwill | Dkr8.40 Million | 6.0% |
Asset Composition Trend (2018–2023)
This chart illustrates how Penneo AS'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: Penneo AS's current assets represent 42.7% of total assets in 2023, an increase from 40.2% in 2018.
- Cash Position: Cash and equivalents constituted 30.0% of total assets in 2023, up from 18.0% in 2018.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 47.0% of total assets, a decrease from 58.0% in 2018.
- Asset Diversification: The largest asset category is intangible assets at 42.6% of total assets.
Penneo AS Competitors by Total Assets
Key competitors of Penneo AS based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
Alpha Modus Holdings, Inc
NASDAQ:AMOD
|
USA | $403.26K |
|
Opter AB
ST:OPTER
|
Sweden | Skr42.72 Million |
|
TurnKey Capital Inc
PINK:TKCI
|
USA | $870.80 Million |
|
Digital China Information Service Co Ltd
SHE:000555
|
China | CN¥13.60 Billion |
|
Fujian Newland Computer Co Ltd
SHE:000997
|
China | CN¥13.83 Billion |
|
YGSOFT Inc
SHE:002063
|
China | CN¥4.58 Billion |
|
Dhc Software Co Ltd
SHE:002065
|
China | CN¥25.81 Billion |
|
Zhejiang Netsun Co Ltd
SHE:002095
|
China | CN¥1.57 Billion |
Penneo AS - 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 - Penneo AS generates 0.63x its asset value in annual revenue.
Return on Assets (ROA)
Measures how efficiently a company uses its assets to generate profits
Negative ROA - Penneo AS is currently not profitable relative to its asset base.
Penneo AS - 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 | 1.50 | 2.58 | 1.31 |
| Quick Ratio | 1.50 | 2.58 | 1.31 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | Dkr9.52 Million | Dkr 32.17 Million | Dkr 3.09 Million |
Penneo AS - Advanced Valuation Insights
This section examines the relationship between Penneo AS'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 | 7.80 |
| Latest Market Cap to Assets Ratio | 0.47 |
| Asset Growth Rate (YoY) | -7.4% |
| Total Assets | Dkr140.75 Million |
| Market Capitalization | $66.02 Million USD |
Valuation Analysis
Below Book Valuation: The market values Penneo AS's assets below their book value (0.47 x), which may indicate investor concerns about asset quality or future growth.
Significant Asset Reduction: Penneo AS's assets decreased by 7.4% over the past year, potentially indicating divestiture, restructuring, or challenging business conditions.
Annual Total Assets for Penneo AS (2018–2023)
The table below shows the annual total assets of Penneo AS from 2018 to 2023.
| Year | Total Assets | Change |
|---|---|---|
| 2023-12-31 | Dkr140.75 Million | -7.40% |
| 2022-12-31 | Dkr151.99 Million | +45.47% |
| 2021-12-31 | Dkr104.48 Million | +8.96% |
| 2020-12-31 | Dkr95.89 Million | +206.72% |
| 2019-12-31 | Dkr31.26 Million | +34.01% |
| 2018-12-31 | Dkr23.33 Million | -- |