Canoo Inc
Canoo Inc., a mobility technology company, designs, develops, markets, and manufactures electric vehicles for consumer, commercial fleet, government, and military customers in the United States. the company utilizes its multi-purpose platform architecture, a self-contained, fully functional rolling chassis that directly houses the critical components for operation of an electric vehicle, includin… Read more
Canoo Inc (GOEV) - Total Assets
Latest total assets as of September 2024: $523.29 Million USD
Based on the latest financial reports, Canoo Inc (GOEV) holds total assets worth $523.29 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.
Canoo Inc - Total Assets Trend (2019–2023)
This chart illustrates how Canoo Inc’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
Canoo Inc - Asset Composition Analysis
Current Asset Composition (December 2023)
Canoo Inc's total assets of $523.29 Million consist of 6.0% current assets and 94.0% non-current assets.
| Asset Category | Amount (USD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | $0.00 | 1.9% |
| Accounts Receivable | $0.00 | 0.0% |
| Inventory | $6.15 Million | 1.1% |
| Property, Plant & Equipment | $0.00 | 0.0% |
| Intangible Assets | $0.00 | 0.0% |
| Goodwill | $0.00 | 0.0% |
Asset Composition Trend (2019–2023)
This chart illustrates how Canoo 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: Canoo Inc's current assets represent 6.0% of total assets in 2023, a decrease from 43.4% in 2019.
- Cash Position: Cash and equivalents constituted 1.9% of total assets in 2023, down from 40.2% 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 inventory at 1.1% of total assets.
Canoo Inc Competitors by Total Assets
Key competitors of Canoo Inc based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
Ellwee AB
ST:ELLWEE
|
Sweden | Skr5.80 Million |
|
Kia Corp
KO:000270
|
Korea | ₩97.98 Trillion |
|
Weichai Power Co Ltd Class A
SHE:000338
|
China | CN¥364.32 Billion |
|
Haima Automobile Group Co Ltd
SHE:000572
|
China | CN¥4.80 Billion |
|
Chongqing Changan Automobile Co Ltd
SHE:000625
|
China | CN¥185.63 Billion |
|
Faw Car Co Ltd
SHE:000800
|
China | CN¥76.20 Billion |
|
Anhui Ankai Automobile Co Ltd
SHE:000868
|
China | CN¥4.25 Billion |
|
Kunming Yunnei Power Co Ltd
SHE:000903
|
China | CN¥10.27 Billion |
Canoo 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 - Canoo Inc generates 0.00x its asset value in annual revenue.
Return on Assets (ROA)
Measures how efficiently a company uses its assets to generate profits
Negative ROA - Canoo Inc is currently not profitable relative to its asset base.
Canoo 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 | 0.14 | 0.17 | 7.54 |
| Quick Ratio | 0.09 | 0.14 | 7.54 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | $-173.37 Million | $ -154.85 Million | $ 1.71 Million |
Canoo Inc - Advanced Valuation Insights
This section examines the relationship between Canoo 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 | 0.03 |
| Latest Market Cap to Assets Ratio | 0.01 |
| Asset Growth Rate (YoY) | 9.2% |
| Total Assets | $542.00 Million |
| Market Capitalization | $5.36 Million USD |
Valuation Analysis
Below Book Valuation: The market values Canoo Inc's assets below their book value (0.01 x), which may indicate investor concerns about asset quality or future growth.
Positive Asset Growth: Canoo Inc's assets grew by 9.2% over the past year, showing continued investment in the company's operational capacity.
Annual Total Assets for Canoo Inc (2019–2023)
The table below shows the annual total assets of Canoo Inc from 2019 to 2023.
| Year | Total Assets | Change |
|---|---|---|
| 2023-12-31 | $542.00 Million | +9.17% |
| 2022-12-31 | $496.47 Million | -5.09% |
| 2021-12-31 | $523.07 Million | -30.58% |
| 2020-12-31 | $753.47 Million | +945.32% |
| 2019-12-31 | $72.08 Million | -- |