Erayak Power Solution Group Inc. Class A Ordinary Shares (RAYA) - Total Assets
Based on the latest financial reports, Erayak Power Solution Group Inc. Class A Ordinary Shares (RAYA) holds total assets worth $49.20 Million 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. See RAYA book value for net asset value and shareholders' equity analysis.
Erayak Power Solution Group Inc. Class A Ordinary Shares - Total Assets Trend (2019–2024)
This chart illustrates how Erayak Power Solution Group Inc. Class A Ordinary Shares's total assets have evolved over time, based on quarterly financial data.
Erayak Power Solution Group Inc. Class A Ordinary Shares - Asset Composition Analysis
Current Asset Composition (December 2024)
Erayak Power Solution Group Inc. Class A Ordinary Shares's total assets of $49.20 Million consist of 71.9% current assets and 28.1% non-current assets.
| Asset Category | Amount (USD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | $0.00 | 1.2% |
| Accounts Receivable | $13.49 Million | 29.3% |
| Inventory | $8.84 Million | 19.2% |
| Property, Plant & Equipment | $0.00 | 0.0% |
| Intangible Assets | $61.97K | 0.1% |
| Goodwill | $0.00 | 0.0% |
Asset Composition Trend (2019–2024)
This chart illustrates how Erayak Power Solution Group Inc. Class A Ordinary Shares'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. For live market cap, price, and company overview, see RAYA stock market capitalisation.
Key Asset Composition Facts
- Current vs. Non-Current Assets: Erayak Power Solution Group Inc. Class A Ordinary Shares's current assets represent 71.9% of total assets in 2024, an increase from 27.6% in 2019.
- Cash Position: Cash and equivalents constituted 1.2% of total assets in 2024, down from 7.5% 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 29.3% of total assets.
Erayak Power Solution Group Inc. Class A Ordinary Shares Competitors by Total Assets
Key competitors of Erayak Power Solution Group Inc. Class A Ordinary Shares based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
Huagong Tech Co Ltd
SHE:000988
|
China | CN¥21.08 Billion |
|
Ecopro BM. Co. Ltd
KQ:247540
|
Korea | ₩4.62 Trillion |
|
Hongfa Technology Co Ltd
SHG:600885
|
China | CN¥21.89 Billion |
|
Nantong Haixing Electronics Co Ltd
SHG:603115
|
China | CN¥3.02 Billion |
|
Zhejiang Wanma Co Ltd
SHE:002276
|
China | CN¥16.57 Billion |
|
Sinomag Technology Co Ltd
SHE:300835
|
China | CN¥2.38 Billion |
|
Dongguan Aohai Technology Co
SHE:002993
|
China | CN¥9.32 Billion |
|
HEG Limited
NSE:HEG
|
India | Rs59.41 Billion |
Erayak Power Solution Group Inc. Class A Ordinary Shares - 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 | 2.14 | 2.13 | 0.69 |
| Quick Ratio | 1.07 | 1.56 | 0.60 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | $19.16 Million | $17.56 Million | $-5.27 Million |
Erayak Power Solution Group Inc. Class A Ordinary Shares - Advanced Valuation Insights
This section examines the relationship between Erayak Power Solution Group Inc. Class A Ordinary Shares'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 | 0.02 |
| Asset Growth Rate (YoY) | 30.5% |
| Total Assets | $46.03 Million |
| Market Capitalization | $827.62K USD |
Valuation Analysis
Below Book Valuation: The market values Erayak Power Solution Group Inc. Class A Ordinary Shares's assets below their book value (0.02x), which may indicate investor concerns about asset quality or future growth.
Rapid Asset Growth: Erayak Power Solution Group Inc. Class A Ordinary Shares's assets grew by 30.5% over the past year, indicating significant expansion of the company's resource base.
Annual Total Assets for Erayak Power Solution Group Inc. Class A Ordinary Shares (2019–2024)
The table below shows the annual total assets of Erayak Power Solution Group Inc. Class A Ordinary Shares from 2019 to 2024.
| Year | Total Assets | Change |
|---|---|---|
| 2024-12-31 | $46.03 Million | +30.46% |
| 2023-12-31 | $35.29 Million | -6.17% |
| 2022-12-31 | $37.61 Million | +60.22% |
| 2021-12-31 | $23.47 Million | +6.07% |
| 2020-12-31 | $22.13 Million | +64.84% |
| 2019-12-31 | $13.42 Million | -- |
About Erayak Power Solution Group Inc. Class A Ordinary Shares
Erayak Power Solution Group Inc., through its subsidiaries, engages in the research and development, manufacture, and wholesale and retail of power solution products in China, Australia, Poland, the United Kingdom, Germany, and internationally. The company offers sine wave and off-grid inverters, inverter and gasoline generators, battery and smart chargers, and custom-designed products. Its produ… Read more