Shoals Technologies Group Inc
Shoals Technologies Group, Inc. provides electrical balance of system (EBOS) solutions and components in the United States and internationally. The company designs, manufactures, and sells various products used by the solar and battery storage industries, including solar big lead assembly (BLA) solutions, a plug-and-play cable and cabinet solutions; homeruns, interconnection, and extension soluti… Read more
Shoals Technologies Group Inc (SHLS) - Total Assets
Latest total assets as of September 2025: $851.79 Million USD
Based on the latest financial reports, Shoals Technologies Group Inc (SHLS) holds total assets worth $851.79 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.
Shoals Technologies Group Inc - Total Assets Trend (2018–2024)
This chart illustrates how Shoals Technologies Group Inc’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
Shoals Technologies Group Inc - Asset Composition Analysis
Current Asset Composition (December 2024)
Shoals Technologies Group Inc's total assets of $851.79 Million consist of 23.8% current assets and 76.3% non-current assets.
| Asset Category | Amount (USD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | $0.00 | 3.0% |
| Accounts Receivable | $99.02 Million | 12.5% |
| Inventory | $55.98 Million | 7.1% |
| Property, Plant & Equipment | $0.00 | 0.0% |
| Intangible Assets | $41.08 Million | 5.2% |
| Goodwill | $69.94 Million | 8.8% |
Asset Composition Trend (2018–2024)
This chart illustrates how Shoals Technologies Group 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: Shoals Technologies Group Inc's current assets represent 23.8% of total assets in 2024, an increase from 19.9% in 2018.
- Cash Position: Cash and equivalents constituted 3.0% of total assets in 2024, up from 0.1% in 2018.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 13.0% of total assets, a decrease from 74.0% in 2018.
- Asset Diversification: The largest asset category is accounts receivable at 12.5% of total assets.
Shoals Technologies Group Inc Competitors by Total Assets
Key competitors of Shoals Technologies Group Inc based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
Shenzhen Topraysolar Co Ltd
SHE:002218
|
China | CN¥6.66 Billion |
|
JA Solar Technology Co Ltd
SHE:002459
|
China | CN¥105.38 Billion |
|
GCL System Integration Technology Co Ltd
SHE:002506
|
China | CN¥19.27 Billion |
|
Changzhou Almaden Co Ltd
SHE:002623
|
China | CN¥5.75 Billion |
|
Hainan Drinda Automotive Trim Co Ltd
SHE:002865
|
China | CN¥18.01 Billion |
|
Hanwha Solutions
KO:009830
|
Korea | ₩32.26 Trillion |
|
Hanwha Chemical Corp Pref
KO:009835
|
Korea | ₩32.26 Trillion |
|
Trive Property Group Bhd
KLSE:0118
|
Malaysia | RM126.77 Million |
Shoals Technologies Group 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
Moderate asset utilization - Shoals Technologies Group Inc generates 0.50x its asset value in annual revenue.
Return on Assets (ROA)
Measures how efficiently a company uses its assets to generate profits
Moderate ROA - For every $100 in assets, Shoals Technologies Group Inc generates $ 3.04 in net profit.
Shoals Technologies Group 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 | 2.19 | 2.08 | 2.33 |
| Quick Ratio | 1.53 | 1.36 | 1.70 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | $109.32 Million | $ 98.86 Million | $ 32.05 Million |
Shoals Technologies Group Inc - Advanced Valuation Insights
This section examines the relationship between Shoals Technologies Group 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 | 2.91 |
| Latest Market Cap to Assets Ratio | 1.20 |
| Asset Growth Rate (YoY) | -6.0% |
| Total Assets | $793.08 Million |
| Market Capitalization | $952.43 Million USD |
Valuation Analysis
Above Book Valuation: The market values Shoals Technologies Group Inc's assets above their book value (1.20 x), reflecting positive investor sentiment about the company's future prospects.
Significant Asset Reduction: Shoals Technologies Group Inc's assets decreased by 6.0% over the past year, potentially indicating divestiture, restructuring, or challenging business conditions.
Annual Total Assets for Shoals Technologies Group Inc (2018–2024)
The table below shows the annual total assets of Shoals Technologies Group Inc from 2018 to 2024.
| Year | Total Assets | Change |
|---|---|---|
| 2024-12-31 | $793.08 Million | -6.03% |
| 2023-12-31 | $843.99 Million | +41.87% |
| 2022-12-31 | $594.89 Million | +39.51% |
| 2021-12-31 | $426.41 Million | +118.33% |
| 2020-12-31 | $195.31 Million | +4.11% |
| 2019-12-31 | $187.61 Million | +1.12% |
| 2018-12-31 | $185.53 Million | -- |