Solarmax Technology Inc. Common Stock
SolarMax Technology, Inc., through its subsidiaries, operates as an integrated solar and renewable energy company in the United States. The company engages in the sale and installation of photovoltaic and battery backup systems; sale of LED systems; and identifying and procuring solar farm projects for resale to third parties, as well as provision of engineering, procuring, and construction servi… Read more
Solarmax Technology Inc. Common Stock (SMXT) - Total Assets
Latest total assets as of September 2025: $58.66 Million USD
Based on the latest financial reports, Solarmax Technology Inc. Common Stock (SMXT) holds total assets worth $58.66 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.
Solarmax Technology Inc. Common Stock - Total Assets Trend (2017–2024)
This chart illustrates how Solarmax Technology Inc. Common Stock’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
Solarmax Technology Inc. Common Stock - Asset Composition Analysis
Current Asset Composition (December 2024)
Solarmax Technology Inc. Common Stock's total assets of $58.66 Million consist of 54.2% current assets and 45.8% non-current assets.
| Asset Category | Amount (USD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | $0.00 | 2.0% |
| Accounts Receivable | $9.39 Million | 24.3% |
| Inventory | $1.30 Million | 3.4% |
| Property, Plant & Equipment | $0.00 | 0.0% |
| Intangible Assets | $0.00 | 0.0% |
| Goodwill | $0.00 | 0.0% |
Asset Composition Trend (2017–2024)
This chart illustrates how Solarmax Technology Inc. Common Stock'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: Solarmax Technology Inc. Common Stock's current assets represent 54.2% of total assets in 2024, a decrease from 57.6% in 2017.
- Cash Position: Cash and equivalents constituted 2.0% of total assets in 2024, down from 28.3% in 2017.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 0.0% of total assets, a decrease from 8.0% in 2017.
- Asset Diversification: The largest asset category is accounts receivable at 24.3% of total assets.
Solarmax Technology Inc. Common Stock Competitors by Total Assets
Key competitors of Solarmax Technology Inc. Common Stock 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 |
Solarmax Technology Inc. Common Stock - 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 - Solarmax Technology Inc. Common Stock generates 0.60x its asset value in annual revenue.
Return on Assets (ROA)
Measures how efficiently a company uses its assets to generate profits
Negative ROA - Solarmax Technology Inc. Common Stock is currently not profitable relative to its asset base.
Solarmax Technology Inc. Common Stock - 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 | 0.73 | 0.64 | 0.78 |
| Quick Ratio | 0.70 | 0.58 | 0.71 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | $-15.44 Million | $ -13.55 Million | $ -10.84 Million |
Solarmax Technology Inc. Common Stock - Advanced Valuation Insights
This section examines the relationship between Solarmax Technology Inc. Common Stock'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 | - |
| Latest Market Cap to Assets Ratio | 0.75 |
| Asset Growth Rate (YoY) | -20.6% |
| Total Assets | $38.63 Million |
| Market Capitalization | $29.00 Million USD |
Valuation Analysis
Below Book Valuation: The market values Solarmax Technology Inc. Common Stock's assets below their book value (0.75 x), which may indicate investor concerns about asset quality or future growth.
Significant Asset Reduction: Solarmax Technology Inc. Common Stock's assets decreased by 20.6% over the past year, potentially indicating divestiture, restructuring, or challenging business conditions.
Annual Total Assets for Solarmax Technology Inc. Common Stock (2017–2024)
The table below shows the annual total assets of Solarmax Technology Inc. Common Stock from 2017 to 2024.
| Year | Total Assets | Change |
|---|---|---|
| 2024-12-31 | $38.63 Million | -20.60% |
| 2023-12-31 | $48.66 Million | -20.86% |
| 2022-12-31 | $61.48 Million | -14.63% |
| 2021-12-31 | $72.02 Million | -25.09% |
| 2020-12-31 | $96.14 Million | -13.41% |
| 2018-12-31 | $111.02 Million | +16.82% |
| 2017-12-31 | $95.03 Million | -- |