Gofore Oyj
Gofore Oyj provides digital transformation consultancy services for private and public sectors in Finland and internationally. It engages in the management of digital change, service design, and software development and testing; and provision of cloud services utilization consulting and cloud capacity services. The company was incorporated in 2001 and is headquartered in Tampere, Finland.
Gofore Oyj (GOFORE) - Total Assets
Latest total assets as of September 2025: €213.59 Million EUR
Based on the latest financial reports, Gofore Oyj (GOFORE) holds total assets worth €213.59 Million EUR 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.
Gofore Oyj - Total Assets Trend (2014–2024)
This chart illustrates how Gofore Oyj’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
Gofore Oyj - Asset Composition Analysis
Current Asset Composition (December 2024)
Gofore Oyj's total assets of €213.59 Million consist of 51.0% current assets and 49.0% non-current assets.
| Asset Category | Amount (EUR) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | €56.84 Million | 33.1% |
| Accounts Receivable | €24.48 Million | 14.3% |
| Inventory | €634.00K | 0.4% |
| Property, Plant & Equipment | €16.11 Million | 9.4% |
| Intangible Assets | €17.66 Million | 10.3% |
| Goodwill | €49.05 Million | 28.6% |
Asset Composition Trend (2014–2024)
This chart illustrates how Gofore Oyj'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: Gofore Oyj's current assets represent 51.0% of total assets in 2024, a decrease from 95.6% in 2014.
- Cash Position: Cash and equivalents constituted 33.1% of total assets in 2024, down from 47.8% in 2014.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 38.0% of total assets, an increase from 0.0% in 2014.
- Asset Diversification: The largest asset category is cash and equivalents at 33.1% of total assets.
Gofore Oyj Competitors by Total Assets
Key competitors of Gofore Oyj based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
Shijihengtong Technology Co. Ltd. A
SHE:301428
|
China | CN¥2.48 Billion |
|
ZJBC Information Technology Co Ltd
SHE:000889
|
China | CN¥889.19 Million |
|
Yunnan Nantian Electronics Information Co Ltd
SHE:000948
|
China | CN¥8.21 Billion |
|
NetX Holdings Bhd
KLSE:0020
|
Malaysia | RM111.41 Million |
|
Guomai Technologies Inc
SHE:002093
|
China | CN¥4.63 Billion |
|
Shanghai HiTech Control System
SHE:002184
|
China | CN¥3.19 Billion |
|
SZZT Electronics Co Ltd
SHE:002197
|
China | CN¥5.70 Billion |
|
Talkweb Information System Co Ltd
SHE:002261
|
China | CN¥4.24 Billion |
Gofore Oyj - 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 - Gofore Oyj generates 1.08x its asset value in annual revenue.
Return on Assets (ROA)
Measures how efficiently a company uses its assets to generate profits
Solid ROA - For every $100 in assets, Gofore Oyj generates $9.49 in net profit.
Gofore Oyj - 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 | 1.20 | 1.80 | 1.32 |
| Quick Ratio | 1.19 | 1.78 | 1.34 |
| Cash Ratio | 0.44 | 1.02 | 0.00 |
| Working Capital | €12.59 Million | € 36.55 Million | € 8.92 Million |
Gofore Oyj - Advanced Valuation Insights
This section examines the relationship between Gofore Oyj'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 | 1.72 |
| Latest Market Cap to Assets Ratio | 0.43 |
| Asset Growth Rate (YoY) | 2.8% |
| Total Assets | €171.72 Million |
| Market Capitalization | $73.97 Million USD |
Valuation Analysis
Below Book Valuation: The market values Gofore Oyj's assets below their book value (0.43 x), which may indicate investor concerns about asset quality or future growth.
Positive Asset Growth: Gofore Oyj's assets grew by 2.8% over the past year, showing continued investment in the company's operational capacity.
Annual Total Assets for Gofore Oyj (2014–2024)
The table below shows the annual total assets of Gofore Oyj from 2014 to 2024.
| Year | Total Assets | Change |
|---|---|---|
| 2024-12-31 | €171.72 Million | +2.77% |
| 2023-12-31 | €167.09 Million | +12.57% |
| 2022-12-31 | €148.43 Million | +45.66% |
| 2021-12-31 | €101.90 Million | +30.03% |
| 2020-12-31 | €78.36 Million | +55.38% |
| 2019-12-31 | €50.43 Million | +46.08% |
| 2018-12-31 | €34.52 Million | +17.88% |
| 2017-12-31 | €29.29 Million | +282.56% |
| 2016-12-31 | €7.66 Million | +48.45% |
| 2015-12-31 | €5.16 Million | +28.86% |
| 2014-12-31 | €4.00 Million | -- |