SKYX Platforms Corp
SKYX Platforms Corp. provides a series of safe-smart platform technologies in the United States. The company's first and second-generation technologies enable light fixtures, ceiling fans, and other electrically wired products to be installed and plugged into a ceiling's electrical outlet box. It also provides universal power-plugs and receptacle products. In addition, it offers smart products, s… Read more
SKYX Platforms Corp (SKYX) - Total Assets
Latest total assets as of September 2025: $58.41 Million USD
Based on the latest financial reports, SKYX Platforms Corp (SKYX) holds total assets worth $58.41 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.
SKYX Platforms Corp - Total Assets Trend (2012–2024)
This chart illustrates how SKYX Platforms Corp’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
SKYX Platforms Corp - Asset Composition Analysis
Current Asset Composition (December 2024)
SKYX Platforms Corp's total assets of $58.41 Million consist of 30.9% current assets and 69.1% non-current assets.
| Asset Category | Amount (USD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | $0.00 | 19.2% |
| Accounts Receivable | $2.42 Million | 3.7% |
| Inventory | $3.79 Million | 5.8% |
| Property, Plant & Equipment | $0.00 | 0.0% |
| Intangible Assets | $5.19 Million | 7.9% |
| Goodwill | $16.16 Million | 24.5% |
Asset Composition Trend (2012–2024)
This chart illustrates how SKYX Platforms Corp'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: SKYX Platforms Corp's current assets represent 30.9% of total assets in 2024, an increase from 10.6% in 2012.
- Cash Position: Cash and equivalents constituted 19.2% of total assets in 2024, up from 2.4% in 2012.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 31.0% of total assets, a decrease from 88.0% in 2012.
- Asset Diversification: The largest asset category is goodwill at 24.5% of total assets.
SKYX Platforms Corp Competitors by Total Assets
Key competitors of SKYX Platforms Corp based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
YM Tech Co. Ltd.
KQ:273640
|
Korea | ₩61.47 Billion |
|
T-Conn Precision Corporation
TWO:6833
|
Taiwan | NT$1.20 Billion |
|
Supercomnet Technologies Bhd
KLSE:0001
|
Malaysia | RM454.76 Million |
|
XJ Electric Co Ltd
SHE:000400
|
China | CN¥26.30 Billion |
|
Guangdong Macro Co Ltd
SHE:000533
|
China | CN¥2.88 Billion |
|
Shandong Sacred Sun Power Sources Co Ltd
SHE:002580
|
China | CN¥4.04 Billion |
|
Shandong Xinneng Taishan Power Generation Co Ltd
SHE:000720
|
China | CN¥5.21 Billion |
|
Huagong Tech Co Ltd
SHE:000988
|
China | CN¥21.08 Billion |
SKYX Platforms Corp - 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 - SKYX Platforms Corp generates 1.31x its asset value in annual revenue.
Return on Assets (ROA)
Measures how efficiently a company uses its assets to generate profits
Negative ROA - SKYX Platforms Corp is currently not profitable relative to its asset base.
SKYX Platforms Corp - 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 | 0.65 | 0.62 | 0.22 |
| Quick Ratio | 0.51 | 0.47 | 0.15 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | $-8.72 Million | $ -11.77 Million | $ -29.52 Million |
SKYX Platforms Corp - Advanced Valuation Insights
This section examines the relationship between SKYX Platforms Corp'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 | 9.07 |
| Latest Market Cap to Assets Ratio | 2.02 |
| Asset Growth Rate (YoY) | -13.7% |
| Total Assets | $65.89 Million |
| Market Capitalization | $133.08 Million USD |
Valuation Analysis
Premium Asset Valuation: The market values SKYX Platforms Corp's assets at a significant premium ( 2.02x), suggesting investors see substantial growth potential or unique competitive advantages.
Significant Asset Reduction: SKYX Platforms Corp's assets decreased by 13.7% over the past year, potentially indicating divestiture, restructuring, or challenging business conditions.
Annual Total Assets for SKYX Platforms Corp (2012–2024)
The table below shows the annual total assets of SKYX Platforms Corp from 2012 to 2024.
| Year | Total Assets | Change |
|---|---|---|
| 2024-12-31 | $65.89 Million | -13.69% |
| 2023-12-31 | $76.34 Million | +76.81% |
| 2022-12-31 | $43.18 Million | +261.20% |
| 2021-12-31 | $11.95 Million | +222.90% |
| 2020-12-31 | $3.70 Million | -9.32% |
| 2019-12-31 | $4.08 Million | -60.83% |
| 2017-12-31 | $10.42 Million | -16.37% |
| 2016-12-31 | $12.46 Million | +48.37% |
| 2015-12-31 | $8.40 Million | -25.29% |
| 2014-12-31 | $11.24 Million | +681.35% |
| 2013-12-31 | $1.44 Million | +4589.35% |
| 2012-12-31 | $30.68K | -- |