Akoustis Technologies, Inc.
Akoustis Technologies, Inc., through its subsidiary, Akoustis, Inc., designs, develops, manufactures, and sells radio frequency (RF) filter products for the wireless industry in the Americas, Asia, Europe, and internationally. It operates in two segments, Fabrication Services and RF Filters. The Fabrication Services segment provides engineering review and backend packaging services. The RF Filter… Read more
Akoustis Technologies, Inc. (AKTSQ) - Total Assets
Latest total assets as of September 2024: $57.37 Million USD
Based on the latest financial reports, Akoustis Technologies, Inc. (AKTSQ) holds total assets worth $57.37 Million USD 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.
Akoustis Technologies, Inc. - Total Assets Trend (2021–2024)
This chart illustrates how Akoustis Technologies, Inc.’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
Akoustis Technologies, Inc. - Asset Composition Analysis
Current Asset Composition (June 2024)
Akoustis Technologies, Inc.'s total assets of $57.37 Million consist of 52.7% current assets and 47.3% non-current assets.
| Asset Category | Amount (USD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | $0.00 | 35.1% |
| Accounts Receivable | $3.91 Million | 5.6% |
| Inventory | $2.22 Million | 3.2% |
| Property, Plant & Equipment | $0.00 | 0.0% |
| Intangible Assets | $12.56 Million | 18.0% |
| Goodwill | $6.51 Million | 9.3% |
Asset Composition Trend (2021–2024)
This chart illustrates how Akoustis Technologies, Inc.'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: Akoustis Technologies, Inc.'s current assets represent 52.7% of total assets in 2024, a decrease from 74.6% in 2021.
- Cash Position: Cash and equivalents constituted 35.1% of total assets in 2024, down from 70.7% in 2021.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 27.0% of total assets, an increase from 0.0% in 2021.
- Asset Diversification: The largest asset category is intangible assets at 18.0% of total assets.
Akoustis Technologies, Inc. Competitors by Total Assets
Key competitors of Akoustis Technologies, Inc. based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
Gaon Cable
KO:000500
|
Korea | ₩1.26 Trillion |
|
Addsino Co Ltd
SHE:000547
|
China | CN¥10.22 Billion |
|
Sichuan Huiyuan Optical Com
SHE:000586
|
China | CN¥612.88 Million |
|
PetroChina Jinhong Energy Investment Co Ltd
SHE:000669
|
China | CN¥2.40 Billion |
|
Sichuan Jiuzhou Electronic Co Ltd
SHE:000801
|
China | CN¥7.33 Billion |
|
Skyworth Digital Co Ltd
SHE:000810
|
China | CN¥11.15 Billion |
|
Gohigh Data Networks Technology Co Ltd
SHE:000851
|
China | CN¥4.48 Billion |
|
Shenzhen Coship Electronics Co Ltd
SHE:002052
|
China | CN¥668.07 Million |
Akoustis Technologies, Inc. - 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 - Akoustis Technologies, Inc. generates 0.39x its asset value in annual revenue.
Return on Assets (ROA)
Measures how efficiently a company uses its assets to generate profits
Negative ROA - Akoustis Technologies, Inc. is currently not profitable relative to its asset base.
Akoustis Technologies, Inc. - 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 | 0.32 | 2.43 | 2.43 |
| Quick Ratio | 0.28 | 2.04 | 2.04 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | $-54.38 Million | $ 22.69 Million | $ 22.69 Million |
Akoustis Technologies, Inc. - Advanced Valuation Insights
This section examines the relationship between Akoustis Technologies, Inc.'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 | 0.17 |
| Latest Market Cap to Assets Ratio | 0.00 |
| Asset Growth Rate (YoY) | -53.2% |
| Total Assets | $69.74 Million |
| Market Capitalization | $135.67K USD |
Valuation Analysis
Below Book Valuation: The market values Akoustis Technologies, Inc.'s assets below their book value (0.00 x), which may indicate investor concerns about asset quality or future growth.
Significant Asset Reduction: Akoustis Technologies, Inc.'s assets decreased by 53.2% over the past year, potentially indicating divestiture, restructuring, or challenging business conditions.
Annual Total Assets for Akoustis Technologies, Inc. (2021–2024)
The table below shows the annual total assets of Akoustis Technologies, Inc. from 2021 to 2024.
| Year | Total Assets | Change |
|---|---|---|
| 2024-06-30 | $69.74 Million | -53.17% |
| 2023-06-30 | $148.92 Million | -7.70% |
| 2022-06-30 | $161.34 Million | +29.08% |
| 2021-06-30 | $124.99 Million | -- |