Ridgetech, Inc.
Ridgetech, Inc. operates as a wholesale distributor of pharmaceutical and other healthcare products in the People's Republic of China. It operates through three segments: Retail Drugstores, Online Pharmacy, and Drug Wholesale. The company engages in offline and online wholesale distribution of pharmaceutical products, including prescription and over-the-counter drugs, nutritional supplements, tra… Read more
Ridgetech, Inc. (RDGT) - Total Assets
Latest total assets as of March 2025: $64.48 Million USD
Based on the latest financial reports, Ridgetech, Inc. (RDGT) holds total assets worth $64.48 Million USD as of March 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.
Ridgetech, Inc. - Total Assets Trend (2007–2025)
This chart illustrates how Ridgetech, Inc.’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
Ridgetech, Inc. - Asset Composition Analysis
Current Asset Composition (March 2025)
Ridgetech, Inc.'s total assets of $64.48 Million consist of 92.6% current assets and 7.4% non-current assets.
| Asset Category | Amount (USD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | $0.00 | 19.8% |
| Accounts Receivable | $30.23 Million | 46.9% |
| Inventory | $9.76 Million | 15.1% |
| Property, Plant & Equipment | $0.00 | 0.0% |
| Intangible Assets | $3.30 Million | 5.1% |
| Goodwill | $1.46 Million | 2.3% |
Asset Composition Trend (2007–2025)
This chart illustrates how Ridgetech, 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: Ridgetech, Inc.'s current assets represent 92.6% of total assets in 2025, a decrease from 100.0% in 2007.
- Cash Position: Cash and equivalents constituted 19.8% of total assets in 2025, down from 100.0% in 2007.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 7.0% of total assets, an increase from 0.0% in 2007.
- Asset Diversification: The largest asset category is accounts receivable at 46.9% of total assets.
Ridgetech, Inc. Competitors by Total Assets
Key competitors of Ridgetech, Inc. based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
Cachet Pharmaceutical Co Ltd
SHE:002462
|
China | CN¥12.68 Billion |
|
Yunnan Hongxiang Yixintang
SHE:002727
|
China | CN¥15.84 Billion |
|
Luyan Pharma Co Ltd
SHE:002788
|
China | CN¥13.04 Billion |
|
Ji Yao Holding Group Co Ltd
SHE:300108
|
China | CN¥1.43 Billion |
|
Sichuan Hezong Medicine Easy-to-buy Pharmaceutical Co. Ltd.
SHE:300937
|
China | CN¥1.75 Billion |
|
ShuYu Civilian Pharmacy Corp. Ltd.
SHE:301017
|
China | CN¥9.84 Billion |
|
Hunan Dajiaweikang Pharmaceutical Industry Co.Ltd
SHE:301126
|
China | CN¥6.56 Billion |
|
Anhui Huaren Health Pharmaceutical Co. Ltd. Cl A
SHE:301408
|
China | CN¥5.26 Billion |
Ridgetech, 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
Strong asset utilization - Ridgetech, Inc. generates 1.86x its asset value in annual revenue.
Return on Assets (ROA)
Measures how efficiently a company uses its assets to generate profits
Excellent ROA - For every $100 in assets, Ridgetech, Inc. generates $ 15.81 in net profit.
Ridgetech, 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 | 1.74 | 0.94 | 1.06 |
| Quick Ratio | 1.45 | 0.72 | 0.85 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | $25.35 Million | $ -4.68 Million | $ 3.55 Million |
Ridgetech, Inc. - Advanced Valuation Insights
This section examines the relationship between Ridgetech, 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 | 0.88 |
| Latest Market Cap to Assets Ratio | 0.17 |
| Asset Growth Rate (YoY) | -32.2% |
| Total Assets | $64.48 Million |
| Market Capitalization | $10.80 Million USD |
Valuation Analysis
Below Book Valuation: The market values Ridgetech, Inc.'s assets below their book value (0.17 x), which may indicate investor concerns about asset quality or future growth.
Significant Asset Reduction: Ridgetech, Inc.'s assets decreased by 32.2% over the past year, potentially indicating divestiture, restructuring, or challenging business conditions.
Annual Total Assets for Ridgetech, Inc. (2007–2025)
The table below shows the annual total assets of Ridgetech, Inc. from 2007 to 2025.
| Year | Total Assets | Change |
|---|---|---|
| 2025-03-31 | $64.48 Million | -32.16% |
| 2024-03-31 | $95.06 Million | +4.49% |
| 2023-03-31 | $90.97 Million | -14.49% |
| 2022-03-31 | $106.38 Million | +0.07% |
| 2021-03-31 | $106.31 Million | +6.83% |
| 2020-03-31 | $99.52 Million | +36.83% |
| 2019-03-31 | $72.73 Million | -1.47% |
| 2018-03-31 | $73.81 Million | +9.88% |
| 2017-03-31 | $67.17 Million | +8.22% |
| 2016-03-31 | $62.07 Million | +4.31% |
| 2015-03-31 | $59.51 Million | +29.62% |
| 2014-03-31 | $45.91 Million | -32.33% |
| 2013-03-31 | $67.84 Million | -9.50% |
| 2012-03-31 | $74.96 Million | +38.98% |
| 2011-03-31 | $53.93 Million | +124.56% |
| 2010-03-31 | $24.02 Million | +1495379.27% |
| 2008-03-31 | $1.61K | -94.71% |
| 2007-03-31 | $30.35K | -- |