Nokian Renkaat Oyj (TYRES) - Total Assets
Based on the latest financial reports, Nokian Renkaat Oyj (TYRES) holds total assets worth €2.44 Billion EUR (≈ $2.85 Billion USD) 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. Check Nokian Renkaat Oyj (TYRES) reinvestment rate to assess the company's total reinvestment commitment from operating cash flow.
Nokian Renkaat Oyj - Total Assets Trend (2000–2024)
This chart illustrates how Nokian Renkaat Oyj's total assets have evolved over time, based on quarterly financial data. Explore TYRES long-term investment intensity to see how much of total assets are deployed in long-term investments.
Nokian Renkaat Oyj - Asset Composition Analysis
Current Asset Composition (December 2024)
Nokian Renkaat Oyj's total assets of €2.44 Billion consist of 39.8% current assets and 60.2% non-current assets.
| Asset Category | Amount (EUR) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | €0.00 | 7.3% |
| Accounts Receivable | €332.80 Million | 13.7% |
| Inventory | €452.10 Million | 18.7% |
| Property, Plant & Equipment | €1.30 Billion | 53.7% |
| Intangible Assets | €16.70 Million | 0.7% |
| Goodwill | €61.50 Million | 2.5% |
Asset Composition Trend (2000–2024)
This chart illustrates how Nokian Renkaat 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. For live market cap, price, and company overview, see market cap of Nokian Renkaat Oyj.
Key Asset Composition Facts
- Current vs. Non-Current Assets: Nokian Renkaat Oyj's current assets represent 39.8% of total assets in 2024, a decrease from 45.7% in 2000.
- Cash Position: Cash and equivalents constituted 7.3% of total assets in 2024, up from 3.0% in 2000.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 2.0% of total assets, a decrease from 12.0% in 2000.
- Asset Diversification: The largest asset category is property, plant & equipment at 53.7% of total assets.
Nokian Renkaat Oyj Competitors by Total Assets
Key competitors of Nokian Renkaat Oyj based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
Jiangsu Xinquan Automotive Trim Co Ltd
SHG:603179
|
China | CN¥18.64 Billion |
|
Shandong Linglong Tyre Co Ltd
SHG:601966
|
China | CN¥47.30 Billion |
|
Qingdao Sentury Tire Co Ltd
SHE:002984
|
China | CN¥18.44 Billion |
|
IKD Co Ltd Class A
SHG:600933
|
China | CN¥17.85 Billion |
|
Streamax Technology Co Ltd
SHE:002970
|
China | CN¥3.62 Billion |
|
Ningbo Xusheng Auto Technology Co Ltd
SHG:603305
|
China | CN¥12.64 Billion |
|
Camel Group Co Ltd
SHG:601311
|
China | CN¥15.59 Billion |
|
NBTM New Materials Group Co Ltd
SHG:600114
|
China | CN¥7.74 Billion |
Nokian Renkaat 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 | 1.75 | 2.38 | 1.77 |
| Quick Ratio | 0.92 | 1.29 | 1.38 |
| Cash Ratio | 0.22 | 0.00 | 0.00 |
| Working Capital | €421.70 Million | €597.80 Million | €691.80 Million |
Nokian Renkaat Oyj - Advanced Valuation Insights
This section examines the relationship between Nokian Renkaat 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 | 0.98 |
| Latest Market Cap to Assets Ratio | 0.47 |
| Asset Growth Rate (YoY) | 4.2% |
| Total Assets | €2.42 Billion |
| Market Capitalization | $1.13 Billion USD |
Valuation Analysis
Below Book Valuation: The market values Nokian Renkaat Oyj's assets below their book value (0.47x), which may indicate investor concerns about asset quality or future growth.
Positive Asset Growth: Nokian Renkaat Oyj's assets grew by 4.2% over the past year, showing continued investment in the company's operational capacity.
Annual Total Assets for Nokian Renkaat Oyj (2000–2024)
The table below shows the annual total assets of Nokian Renkaat Oyj from 2000 to 2024.
| Year | Total Assets | Change |
|---|---|---|
| 2024-12-31 | €2.42 Billion ≈ $2.83 Billion |
+4.24% |
| 2023-12-31 | €2.33 Billion ≈ $2.72 Billion |
+5.23% |
| 2022-12-31 | €2.21 Billion ≈ $2.58 Billion |
-7.29% |
| 2021-12-31 | €2.38 Billion ≈ $2.79 Billion |
+2.00% |
| 2020-12-31 | €2.34 Billion ≈ $2.73 Billion |
+0.18% |
| 2019-12-31 | €2.33 Billion ≈ $2.73 Billion |
+11.45% |
| 2018-12-31 | €2.09 Billion ≈ $2.45 Billion |
+11.48% |
| 2017-12-31 | €1.88 Billion ≈ $2.19 Billion |
-4.98% |
| 2016-12-31 | €1.98 Billion ≈ $2.31 Billion |
+12.59% |
| 2015-12-31 | €1.75 Billion ≈ $2.05 Billion |
-2.35% |
| 2014-12-31 | €1.80 Billion ≈ $2.10 Billion |
-12.89% |
| 2013-12-31 | €2.06 Billion ≈ $2.41 Billion |
+2.14% |
| 2012-12-31 | €2.02 Billion ≈ $2.36 Billion |
+7.66% |
| 2011-12-31 | €1.88 Billion ≈ $2.19 Billion |
+36.77% |
| 2010-12-31 | €1.37 Billion ≈ $1.60 Billion |
+12.25% |
| 2009-12-31 | €1.22 Billion ≈ $1.43 Billion |
-13.97% |
| 2008-12-31 | €1.42 Billion ≈ $1.66 Billion |
+22.94% |
| 2007-12-31 | €1.16 Billion ≈ $1.35 Billion |
+30.60% |
| 2006-12-31 | €884.70 Million ≈ $1.03 Billion |
+10.95% |
| 2005-12-31 | €797.40 Million ≈ $932.24 Million |
+37.91% |
| 2004-12-31 | €578.20 Million ≈ $675.98 Million |
+21.45% |
| 2003-12-31 | €476.07 Million ≈ $556.58 Million |
+5.58% |
| 2002-12-31 | €450.91 Million ≈ $527.16 Million |
-1.93% |
| 2001-12-31 | €459.78 Million ≈ $537.53 Million |
-0.91% |
| 2000-12-31 | €463.99 Million ≈ $542.45 Million |
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About Nokian Renkaat Oyj
Nokian Renkaat Oyj develops and manufactures tires for passenger cars, trucks, and heavy machineries in Nordics, the rest of Europe, the Americas, and internationally. It operates through Passenger Car Tyres, Heavy Tyres, and Vianor Tire Chain segments. The company develops and produces winter, summer, and all-season tires for passenger cars, SUVs, and vans; tires for forestry machinery; special … Read more