Akoustis Technologies, Inc. Total Assets
Akoustis Technologies, Inc. total assets. 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. Also see AKTSQ market cap for the company's overall valuation and market capitalisation.
Total Assets of Akoustis Technologies, Inc. (2021–2024)
Total assets of Akoustis Technologies, Inc. from 2021 to 2024. This chart illustrates how Akoustis Technologies, Inc.'s total assets have evolved over time, based on quarterly financial data. See Akoustis Technologies, Inc. stock quote for real-time trading data and today's change.
Akoustis Technologies, Inc. - Asset Composition Analysis
Akoustis Technologies, Inc. Total Assets Breakdown (June 2024)
Akoustis Technologies, Inc. total assets breakdown as of 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. Explore working capital to net assets of Akoustis Technologies, Inc. to assess how much short-term liquidity the company maintains relative to its equity base.
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 |
|---|---|---|
|
Advanced Fiber Resources Zhuhai Ltd
SHE:300620
|
China | CN¥4.27 Billion |
|
U Blox Holding AG
SW:UBXN
|
Switzerland | CHF394.21 Million |
|
Shenzhen SDG Information Co Ltd
SHE:000070
|
China | CN¥7.02 Billion |
|
Bus Online Co Ltd
SHE:002188
|
China | CN¥584.48 Million |
|
Gamma Nu Inc
KQ:192410
|
Korea | ₩66.64 Billion |
|
Digital Multimedia Technology Co.Ltd
KQ:134580
|
Korea | ₩64.59 Billion |
|
Elsight Ltd
AU:ELS
|
Australia | AU$64.17 Million |
|
Mayfield Group Holdings Ltd
AU:MYG
|
Australia | AU$65.95 Million |
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 | $138.60K USD |
Valuation Analysis
Below Book Valuation: The market values Akoustis Technologies, Inc.'s assets below their book value (0.00x), 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 | -- |
About 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