Spinnova Oy
Spinnova Oyj produces and sells natural fibre materials in Finland and internationally. The company produces Spinnova textile fibres, which is made from a range of raw materials, including wood to leather, textile, agricultural, food industry and beverage waste. Spinnova Oyj was incorporated in 2014 and is headquartered in Jyväskylä, Finland.
Spinnova Oy (SPINN) - Total Assets
Latest total assets as of June 2025: €56.82 Million EUR
Based on the latest financial reports, Spinnova Oy (SPINN) holds total assets worth €56.82 Million EUR 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.
Spinnova Oy - Total Assets Trend (2018–2024)
This chart illustrates how Spinnova Oy’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
Spinnova Oy - Asset Composition Analysis
Current Asset Composition (December 2024)
Spinnova Oy's total assets of €56.82 Million consist of 58.7% current assets and 41.3% non-current assets.
| Asset Category | Amount (EUR) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | €1.98 Million | 2.4% |
| Accounts Receivable | €1.66 Million | 2.0% |
| Inventory | €0.00 | 0.0% |
| Property, Plant & Equipment | €3.07 Million | 3.7% |
| Intangible Assets | €10.30 Million | 12.4% |
| Goodwill | €0.00 | 0.0% |
Asset Composition Trend (2018–2024)
This chart illustrates how Spinnova Oy'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: Spinnova Oy's current assets represent 58.7% of total assets in 2024, an increase from 32.5% in 2018.
- Cash Position: Cash and equivalents constituted 2.4% of total assets in 2024, down from 29.5% in 2018.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 12.0% of total assets, an increase from 3.0% in 2018.
- Asset Diversification: The largest asset category is intangible assets at 12.4% of total assets.
Spinnova Oy Competitors by Total Assets
Key competitors of Spinnova Oy based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
Shenzhen Textile Holdings Co Ltd
SHE:000045
|
China | CN¥5.28 Billion |
|
Kyungbangco.Ltd
KO:000050
|
Korea | ₩1.23 Trillion |
|
Shijiazhuang Changshan Textile Co Ltd
SHE:000158
|
China | CN¥17.37 Billion |
|
Jilin Chemical Fibre Co Ltd
SHE:000420
|
China | CN¥13.70 Billion |
|
Lu Thai Textile Co Ltd
SHE:000726
|
China | CN¥14.17 Billion |
|
Anhui Huamao Textile Co Ltd
SHE:000850
|
China | CN¥7.35 Billion |
|
Xinxiang Chemical Fiber Co Ltd
SHE:000949
|
China | CN¥13.36 Billion |
|
Chonbang
KO:000950
|
Korea | ₩236.79 Billion |
Spinnova Oy - 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
Lower asset utilization - Spinnova Oy generates 0.01x its asset value in annual revenue.
Return on Assets (ROA)
Measures how efficiently a company uses its assets to generate profits
Negative ROA - Spinnova Oy is currently not profitable relative to its asset base.
Spinnova Oy - 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 | 12.91 | 11.39 | 1.95 |
| Quick Ratio | 12.91 | 11.39 | 1.95 |
| Cash Ratio | 0.65 | 1.30 | 0.00 |
| Working Capital | €39.65 Million | € 50.42 Million | € 4.57 Million |
Spinnova Oy - Advanced Valuation Insights
This section examines the relationship between Spinnova Oy'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 | 0.13 |
| Asset Growth Rate (YoY) | -15.5% |
| Total Assets | €83.29 Million |
| Market Capitalization | $11.00 Million USD |
Valuation Analysis
Below Book Valuation: The market values Spinnova Oy's assets below their book value (0.13 x), which may indicate investor concerns about asset quality or future growth.
Significant Asset Reduction: Spinnova Oy's assets decreased by 15.5% over the past year, potentially indicating divestiture, restructuring, or challenging business conditions.
Annual Total Assets for Spinnova Oy (2018–2024)
The table below shows the annual total assets of Spinnova Oy from 2018 to 2024.
| Year | Total Assets | Change |
|---|---|---|
| 2024-12-31 | €83.29 Million | -15.54% |
| 2023-12-31 | €98.61 Million | -14.27% |
| 2022-12-31 | €115.03 Million | -6.97% |
| 2021-12-31 | €123.65 Million | +629.05% |
| 2020-12-31 | €16.96 Million | -18.68% |
| 2019-12-31 | €20.86 Million | +195.59% |
| 2018-12-31 | €7.06 Million | -- |