BingEx Ltd
BingEx Limited, through its subsidiaries, engages in the provision of on-demand dedicated courier services under the FlashEx brand name in the People's Republic of China. The company offers Flash-Riders as service who provides the courier services. It serves individual and business customers, including local retailers, restaurants, and logistics players through its mobile platform and website. Th… Read more
BingEx Ltd (FLX) - Total Assets
Latest total assets as of September 2025: $1.27 Billion USD
Based on the latest financial reports, BingEx Ltd (FLX) holds total assets worth $1.27 Billion USD as of September 2025.
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.
BingEx Ltd - Total Assets Trend (2019–2024)
This chart illustrates how BingEx Ltd’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
BingEx Ltd - Asset Composition Analysis
Current Asset Composition (December 2024)
BingEx Ltd's total assets of $1.27 Billion consist of 69.5% current assets and 30.5% non-current assets.
| Asset Category | Amount (USD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | $0.00 | 48.0% |
| Accounts Receivable | $44.17 Million | 3.6% |
| Inventory | $0.00 | 0.0% |
| Property, Plant & Equipment | $0.00 | 0.0% |
| Intangible Assets | $0.00 | 0.0% |
| Goodwill | $0.00 | 0.0% |
Asset Composition Trend (2019–2024)
This chart illustrates how BingEx Ltd'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: BingEx Ltd's current assets represent 69.5% of total assets in 2024, a decrease from 98.7% in 2019.
- Cash Position: Cash and equivalents constituted 48.0% of total assets in 2024, down from 88.3% in 2019.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 0.0% of total assets, unchanged from 0.0% in 2019.
- Asset Diversification: The largest asset category is accounts receivable at 3.6% of total assets.
BingEx Ltd Competitors by Total Assets
Key competitors of BingEx Ltd based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
Citic Offshore Helicopter Co Ltd
SHE:000099
|
China | CN¥7.38 Billion |
|
CJ Korea Express
KO:000120
|
Korea | ₩10.35 Trillion |
|
Guangdong Jushen Logistics Co Ltd
SHE:001202
|
China | CN¥1.87 Billion |
|
Yongtaiyun Chemical Logistics Co.Ltd
SHE:001228
|
China | CN¥4.22 Billion |
|
San Yang Ma (Chongqing) Logistics Co.Ltd.
SHE:001317
|
China | CN¥1.90 Billion |
|
YUNDA Holding Co Ltd
SHE:002120
|
China | CN¥36.46 Billion |
|
Hanjin Transportation Co. Ltd.
KO:002320
|
Korea | ₩4.33 Trillion |
|
S.F. Holding Co. Ltd
SHE:002352
|
China | CN¥217.93 Billion |
BingEx Ltd - 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 - BingEx Ltd generates 3.62x its asset value in annual revenue.
Return on Assets (ROA)
Measures how efficiently a company uses its assets to generate profits
Negative ROA - BingEx Ltd is currently not profitable relative to its asset base.
BingEx Ltd - 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 | 2.28 | 1.32 | 2.26 |
| Quick Ratio | 2.28 | 1.32 | 2.26 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | $533.46 Million | $ 146.88 Million | $ 572.74 Million |
BingEx Ltd - Advanced Valuation Insights
This section examines the relationship between BingEx Ltd'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 | 1.64 |
| Latest Market Cap to Assets Ratio | 0.16 |
| Asset Growth Rate (YoY) | 23.5% |
| Total Assets | $1.24 Billion |
| Market Capitalization | $199.88 Million USD |
Valuation Analysis
Below Book Valuation: The market values BingEx Ltd's assets below their book value (0.16 x), which may indicate investor concerns about asset quality or future growth.
Rapid Asset Growth: BingEx Ltd's assets grew by 23.5% over the past year, indicating significant expansion of the company's resource base.
Annual Total Assets for BingEx Ltd (2019–2024)
The table below shows the annual total assets of BingEx Ltd from 2019 to 2024.
| Year | Total Assets | Change |
|---|---|---|
| 2024-12-31 | $1.24 Billion | +23.46% |
| 2023-12-31 | $1.00 Billion | +8.45% |
| 2022-12-31 | $922.67 Million | +1.65% |
| 2021-12-31 | $907.66 Million | +148.32% |
| 2020-12-31 | $365.53 Million | -29.59% |
| 2019-12-31 | $519.16 Million | -- |