Digital Brands Group Inc
Digital Brands Group, Inc. engages in the provision of apparel products under various brands on direct-to-consumer and wholesale basis. The company designs, manufactures, and sells apparel, such as tops, sweaters, dresses, jumpsuits, bottoms, sets, jackets, rompers, suiting, shirts, jackets, pants, shorts, T-shirts, skirts, athleisure bottoms, denims, and other accessory products, as well as suit… Read more
Digital Brands Group Inc (DBGIW) - Total Assets
Latest total assets as of September 2024: $23.29 Million USD
Based on the latest financial reports, Digital Brands Group Inc (DBGIW) holds total assets worth $23.29 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.
Digital Brands Group Inc - Total Assets Trend (2019–2023)
This chart illustrates how Digital Brands Group Inc’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
Digital Brands Group Inc - Asset Composition Analysis
Current Asset Composition (December 2023)
Digital Brands Group Inc's total assets of $23.29 Million consist of 21.9% current assets and 78.1% non-current assets.
| Asset Category | Amount (USD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | $0.00 | 0.1% |
| Accounts Receivable | $412.64K | 1.6% |
| Inventory | $4.85 Million | 19.1% |
| Property, Plant & Equipment | $0.00 | 0.0% |
| Intangible Assets | $9.98 Million | 39.4% |
| Goodwill | $8.97 Million | 35.4% |
Asset Composition Trend (2019–2023)
This chart illustrates how Digital Brands Group 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: Digital Brands Group Inc's current assets represent 21.9% of total assets in 2023, a decrease from 90.9% in 2019.
- Cash Position: Cash and equivalents constituted 0.1% of total assets in 2023, down from 3.2% in 2019.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 74.0% of total assets, an increase from 0.0% in 2019.
- Asset Diversification: The largest asset category is intangible assets at 39.4% of total assets.
Digital Brands Group Inc Competitors by Total Assets
Key competitors of Digital Brands Group Inc based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
Shinsegae Inte
KO:031430
|
Korea | ₩1.40 Trillion |
|
GRITEE Inc
KQ:204020
|
Korea | ₩147.12 Billion |
|
Daewoo SBI SPAC 1
KQ:215480
|
Korea | ₩40.73 Billion |
|
Les Enphants Co Ltd
TW:2911
|
Taiwan | NT$3.10 Billion |
|
Castelbajac Co. Ltd
KQ:308100
|
Korea | ₩114.27 Billion |
|
472850
KQ:472850
|
Korea | ₩456.35 Billion |
|
Xtep International Holdings Limited
F:4QI
|
Germany | €17.17 Billion |
|
Ningbo Peace Bird Fashion
SHG:603877
|
China | CN¥7.57 Billion |
Digital Brands Group 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
Moderate asset utilization - Digital Brands Group Inc generates 0.59x its asset value in annual revenue.
Return on Assets (ROA)
Measures how efficiently a company uses its assets to generate profits
Negative ROA - Digital Brands Group Inc is currently not profitable relative to its asset base.
Digital Brands Group 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 | 0.29 | 0.34 | 0.10 |
| Quick Ratio | 0.06 | 0.13 | 0.04 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | $-16.04 Million | $ -14.71 Million | $ -18.27 Million |
Digital Brands Group Inc - Advanced Valuation Insights
This section examines the relationship between Digital Brands Group 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 | - |
| Latest Market Cap to Assets Ratio | 1.59 |
| Asset Growth Rate (YoY) | -24.9% |
| Total Assets | $25.34 Million |
| Market Capitalization | $40.38 Million USD |
Valuation Analysis
Above Book Valuation: The market values Digital Brands Group Inc's assets above their book value (1.59 x), reflecting positive investor sentiment about the company's future prospects.
Significant Asset Reduction: Digital Brands Group Inc's assets decreased by 24.9% over the past year, potentially indicating divestiture, restructuring, or challenging business conditions.
Annual Total Assets for Digital Brands Group Inc (2019–2023)
The table below shows the annual total assets of Digital Brands Group Inc from 2019 to 2023.
| Year | Total Assets | Change |
|---|---|---|
| 2023-12-31 | $25.34 Million | -24.90% |
| 2022-12-31 | $33.74 Million | -7.53% |
| 2021-12-31 | $36.49 Million | +123.12% |
| 2020-12-31 | $16.35 Million | +1175.46% |
| 2019-12-31 | $1.28 Million | -- |