Blue Star Foods Corp
Blue Star Foods Corp., through its subsidiaries, operates as a marine protein company in the United States and Canada. The company imports, packages, and sells refrigerated pasteurized crab meats and other premium seafood products. It sells its products primarily to food service distributors, as well as wholesalers, retail establishments, and seafood distributors under the Blue Star, Oceanica, Pa… Read more
Blue Star Foods Corp (BSFC) - Total Assets
Latest total assets as of September 2024: $7.84 Million USD
Based on the latest financial reports, Blue Star Foods Corp (BSFC) holds total assets worth $7.84 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.
Blue Star Foods Corp - Total Assets Trend (2016–2023)
This chart illustrates how Blue Star Foods Corp’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
Blue Star Foods Corp - Asset Composition Analysis
Current Asset Composition (December 2023)
Blue Star Foods Corp's total assets of $7.84 Million consist of 64.4% current assets and 35.6% non-current assets.
| Asset Category | Amount (USD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | $0.00 | 0.4% |
| Accounts Receivable | $534.20K | 8.4% |
| Inventory | $2.74 Million | 43.1% |
| Property, Plant & Equipment | $0.00 | 0.0% |
| Intangible Assets | $0.00 | 0.0% |
| Goodwill | $0.00 | 0.0% |
Asset Composition Trend (2016–2023)
This chart illustrates how Blue Star Foods Corp'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: Blue Star Foods Corp's current assets represent 64.4% of total assets in 2023, a decrease from 96.7% in 2016.
- Cash Position: Cash and equivalents constituted 0.4% of total assets in 2023, up from 0.4% in 2016.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 0.0% of total assets, unchanged from 0.0% in 2016.
- Asset Diversification: The largest asset category is inventory at 43.1% of total assets.
Blue Star Foods Corp Competitors by Total Assets
Key competitors of Blue Star Foods Corp based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
General Mills Inc
NYSE:GIS
|
USA | $32.55 Billion |
|
Maniker F & G Co. Ltd
KQ:195500
|
Korea | ₩123.42 Billion |
|
Xiwang Foodstuffs Co Ltd
SHE:000639
|
China | CN¥6.08 Billion |
|
Nanfang Black Sesame Group Co Ltd
SHE:000716
|
China | CN¥4.57 Billion |
|
CNFC Overseas Fishery Co Ltd
SHE:000798
|
China | CN¥5.88 Billion |
|
Henan Shuanghui Investment & Development Co Ltd
SHE:000895
|
China | CN¥40.64 Billion |
|
Xinjiang Chalkis Co Ltd
SHE:000972
|
China | CN¥1.25 Billion |
|
Daehan Flour Mills Co Ltd
KO:001130
|
Korea | ₩1.61 Trillion |
Blue Star Foods Corp - 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
Strong asset utilization - Blue Star Foods Corp generates 0.96x its asset value in annual revenue.
Return on Assets (ROA)
Measures how efficiently a company uses its assets to generate profits
Negative ROA - Blue Star Foods Corp is currently not profitable relative to its asset base.
Blue Star Foods Corp - 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 | 1.86 | 0.80 | 0.81 |
| Quick Ratio | 1.06 | 0.48 | 0.26 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | $2.53 Million | $ -1.25 Million | $ -2.79 Million |
Blue Star Foods Corp - Advanced Valuation Insights
This section examines the relationship between Blue Star Foods Corp'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 | 0.53 |
| Latest Market Cap to Assets Ratio | 0.02 |
| Asset Growth Rate (YoY) | -26.7% |
| Total Assets | $6.36 Million |
| Market Capitalization | $112.01K USD |
Valuation Analysis
Below Book Valuation: The market values Blue Star Foods Corp's assets below their book value (0.02 x), which may indicate investor concerns about asset quality or future growth.
Significant Asset Reduction: Blue Star Foods Corp's assets decreased by 26.7% over the past year, potentially indicating divestiture, restructuring, or challenging business conditions.
Annual Total Assets for Blue Star Foods Corp (2016–2023)
The table below shows the annual total assets of Blue Star Foods Corp from 2016 to 2023.
| Year | Total Assets | Change |
|---|---|---|
| 2023-12-31 | $6.36 Million | -26.69% |
| 2022-12-31 | $8.68 Million | -45.57% |
| 2021-12-31 | $15.95 Million | +103.86% |
| 2020-12-31 | $7.82 Million | -50.32% |
| 2019-12-31 | $15.75 Million | +16.80% |
| 2018-12-31 | $13.48 Million | +336932.95% |
| 2017-12-31 | $4.00K | -99.97% |
| 2016-12-31 | $15.77 Million | -- |