Performant Financial Corporation
Performant Healthcare, Inc. provides technology-enabled payment integrity, eligibility, and related analytics services. It supports healthcare payers in identifying, preventing, and recovering waste and improper payments through advanced technology, analytics, and proprietary data assets. The company offers coordination-of-benefits services, as well as claims-based services, which includes the au… Read more
Performant Financial Corporation (PFMT) - Total Assets
Latest total assets as of September 2024: $101.84 Million USD
Based on the latest financial reports, Performant Financial Corporation (PFMT) holds total assets worth $101.84 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.
Performant Financial Corporation - Total Assets Trend (2011–2023)
This chart illustrates how Performant Financial Corporation’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
Performant Financial Corporation - Asset Composition Analysis
Current Asset Composition (December 2023)
Performant Financial Corporation's total assets of $101.84 Million consist of 40.2% current assets and 59.8% non-current assets.
| Asset Category | Amount (USD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | $0.00 | 7.3% |
| Accounts Receivable | $28.80 Million | 29.1% |
| Inventory | $1.00 | 0.0% |
| Property, Plant & Equipment | $0.00 | 0.0% |
| Intangible Assets | $0.00 | 0.0% |
| Goodwill | $47.37 Million | 47.8% |
Asset Composition Trend (2011–2023)
This chart illustrates how Performant Financial Corporation'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: Performant Financial Corporation's current assets represent 40.2% of total assets in 2023, an increase from 26.7% in 2011.
- Cash Position: Cash and equivalents constituted 7.3% of total assets in 2023, down from 11.0% in 2011.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 47.0% of total assets, a decrease from 64.0% in 2011.
- Asset Diversification: The largest asset category is goodwill at 47.8% of total assets.
Performant Financial Corporation Competitors by Total Assets
Key competitors of Performant Financial Corporation based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
UCrest Bhd
KLSE:0005
|
Malaysia | RM48.46 Million |
|
Vanfund Urban Investment & Development Co Ltd
SHE:000638
|
China | CN¥265.74 Million |
|
BIT Computer Co. Ltd
KQ:032850
|
Korea | ₩82.38 Billion |
|
ezCaretech Co. LTD
KQ:099750
|
Korea | ₩56.71 Billion |
|
SyntekaBio Inc
KQ:226330
|
Korea | ₩33.49 Billion |
|
Carelabs Co.Ltd
KQ:263700
|
Korea | ₩105.15 Billion |
|
Shanghai Kingstar Winning Software
SHE:300253
|
China | CN¥8.35 Billion |
|
Longmaster Information Tech
SHE:300288
|
China | CN¥1.33 Billion |
Performant Financial Corporation - 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 - Performant Financial Corporation generates 1.15x its asset value in annual revenue.
Return on Assets (ROA)
Measures how efficiently a company uses its assets to generate profits
Negative ROA - Performant Financial Corporation is currently not profitable relative to its asset base.
Performant Financial Corporation - 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 | 2.67 | 3.48 | 1.90 |
| Quick Ratio | 2.67 | 3.47 | 1.90 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | $23.96 Million | $ 29.91 Million | $ 17.57 Million |
Performant Financial Corporation - Advanced Valuation Insights
This section examines the relationship between Performant Financial Corporation'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 | 2.45 |
| Latest Market Cap to Assets Ratio | 2.02 |
| Asset Growth Rate (YoY) | -16.7% |
| Total Assets | $99.03 Million |
| Market Capitalization | $200.24 Million USD |
Valuation Analysis
Premium Asset Valuation: The market values Performant Financial Corporation's assets at a significant premium ( 2.02x), suggesting investors see substantial growth potential or unique competitive advantages.
Significant Asset Reduction: Performant Financial Corporation's assets decreased by 16.7% over the past year, potentially indicating divestiture, restructuring, or challenging business conditions.
Annual Total Assets for Performant Financial Corporation (2011–2023)
The table below shows the annual total assets of Performant Financial Corporation from 2011 to 2023.
| Year | Total Assets | Change |
|---|---|---|
| 2023-12-31 | $99.03 Million | -16.66% |
| 2022-12-31 | $118.83 Million | -2.58% |
| 2021-12-31 | $121.98 Million | -3.36% |
| 2020-12-31 | $126.23 Million | -9.11% |
| 2019-12-31 | $138.87 Million | +0.81% |
| 2018-12-31 | $137.76 Million | -16.22% |
| 2017-12-31 | $164.44 Million | -11.15% |
| 2016-12-31 | $185.08 Million | -24.35% |
| 2015-12-31 | $244.66 Million | -6.91% |
| 2014-12-31 | $262.83 Million | +2.16% |
| 2013-12-31 | $257.26 Million | +21.50% |
| 2012-12-31 | $211.75 Million | +16.15% |
| 2011-12-31 | $182.30 Million | -- |