Corre Energy BV
Corre Energy B.V. engages in the development and operation of long duration energy storage (LDES) projects and products in Europe. The company develops and constructs energy storage facilities. It is also involved in the production of green hydrogen. The company was founded in 2018 and is headquartered in Groningen, the Netherlands. Corre Energy B.V. operates as a subsidiary of Corre Energy Group… Read more
Corre Energy BV (CORRE) - Total Assets
Latest total assets as of December 2023: €38.68 Million EUR
Based on the latest financial reports, Corre Energy BV (CORRE) holds total assets worth €38.68 Million EUR as of December 2023.
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.
Corre Energy BV - Total Assets Trend (2019–2023)
This chart illustrates how Corre Energy BV’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
Corre Energy BV - Asset Composition Analysis
Current Asset Composition (December 2023)
Corre Energy BV's total assets of €38.68 Million consist of 10.0% current assets and 90.0% non-current assets.
| Asset Category | Amount (EUR) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | €0.00 | 2.8% |
| Accounts Receivable | €0.00 | 0.0% |
| Inventory | €0.00 | 0.0% |
| Property, Plant & Equipment | €0.00 | 0.0% |
| Intangible Assets | €5.11 Million | 13.2% |
| Goodwill | €0.00 | 0.0% |
Asset Composition Trend (2019–2023)
This chart illustrates how Corre Energy BV'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: Corre Energy BV's current assets represent 10.0% of total assets in 2023, a decrease from 100.0% in 2019.
- Cash Position: Cash and equivalents constituted 2.8% of total assets in 2023, down from 11.7% in 2019.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 13.0% of total assets, an increase from 0.0% in 2019.
- Asset Diversification: The largest asset category is intangible assets at 13.2% of total assets.
Corre Energy BV Competitors by Total Assets
Key competitors of Corre Energy BV based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
Tunghsu Azure Renewable Energy Co Ltd
SHE:000040
|
China | CN¥23.04 Billion |
|
Tianjin Guangyu Development Co Ltd
SHE:000537
|
China | CN¥94.26 Billion |
|
CECEP Solar Energy Co Ltd
SHE:000591
|
China | CN¥52.84 Billion |
|
GEPIC Energy Development Co Ltd
SHE:000791
|
China | CN¥38.52 Billion |
|
Tieling Newcity Investment Holding Ltd
SHE:000809
|
China | CN¥2.91 Billion |
|
Hubei Energy Group Co Ltd
SHE:000883
|
China | CN¥95.95 Billion |
|
Fujian MinDong Electric Power Co Ltd
SHE:000993
|
China | CN¥3.76 Billion |
|
Xinjiang Lixin Energy Co. Ltd. A
SHE:001258
|
China | CN¥16.78 Billion |
Corre Energy BV - 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 - Corre Energy BV generates 0.00x its asset value in annual revenue.
Return on Assets (ROA)
Measures how efficiently a company uses its assets to generate profits
Excellent ROA - For every $100 in assets, Corre Energy BV generates $ 14.68 in net profit.
Corre Energy BV - 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 | 0.58 | 1.11 | 1.30 |
| Quick Ratio | 0.58 | 1.11 | 1.30 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | €-2.80 Million | € 1.32 Million | € 1.05 Million |
Corre Energy BV - Advanced Valuation Insights
This section examines the relationship between Corre Energy BV'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 | 0.58 |
| Latest Market Cap to Assets Ratio | 0.11 |
| Asset Growth Rate (YoY) | 13.9% |
| Total Assets | €38.68 Million |
| Market Capitalization | $4.40 Million USD |
Valuation Analysis
Below Book Valuation: The market values Corre Energy BV's assets below their book value (0.11 x), which may indicate investor concerns about asset quality or future growth.
Rapid Asset Growth: Corre Energy BV's assets grew by 13.9% over the past year, indicating significant expansion of the company's resource base.
Annual Total Assets for Corre Energy BV (2019–2023)
The table below shows the annual total assets of Corre Energy BV from 2019 to 2023.
| Year | Total Assets | Change |
|---|---|---|
| 2023-12-31 | €38.68 Million | +13.90% |
| 2022-12-31 | €33.96 Million | +32.78% |
| 2021-12-31 | €25.58 Million | +1001.80% |
| 2020-12-31 | €2.32 Million | +7499.60% |
| 2019-12-31 | €30.55K | -- |