Sunworks Inc Total Assets
Sunworks Inc total assets. Based on the latest financial reports, Sunworks Inc (SUNWQ) holds total assets worth $67.50 Million USD as of September 2023. 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. Also see SUNWQ company net worth for the company's overall valuation and market capitalisation.
Total Assets of Sunworks Inc (2016–2022)
Total assets of Sunworks Inc from 2016 to 2022. This chart illustrates how Sunworks Inc's total assets have evolved over time, based on quarterly financial data. See SUNWQ stock price and chart for real-time trading data and today's change.
Sunworks Inc - Asset Composition Analysis
Sunworks Inc Total Assets Breakdown (September 2022)
Sunworks Inc total assets breakdown as of September 2022. Sunworks Inc's total assets of $67.50 Million consist of 62.4% current assets and 37.6% non-current assets.
| Asset Category | Amount (USD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | $0.00 | 6.5% |
| Accounts Receivable | $34.57 Million | 28.8% |
| Inventory | $26.40 Million | 22.0% |
| Property, Plant & Equipment | $0.00 | 0.0% |
| Intangible Assets | $5.29 Million | 4.4% |
| Goodwill | $32.19 Million | 26.8% |
Asset Composition Trend (2016–2022)
This chart illustrates how Sunworks 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. Explore Sunworks Inc (SUNWQ) working capital ratio to assess how much short-term liquidity the company maintains relative to its equity base.
Key Asset Composition Facts
- Current vs. Non-Current Assets: Sunworks Inc's current assets represent 62.4% of total assets in 2022, a decrease from 68.6% in 2016.
- Cash Position: Cash and equivalents constituted 6.5% of total assets in 2022, down from 26.7% in 2016.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 30.0% of total assets, an increase from 27.0% in 2016.
- Asset Diversification: The largest asset category is accounts receivable at 28.8% of total assets.
Sunworks Inc Competitors by Total Assets
Key competitors of Sunworks Inc based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
Waaree Energies Limited
NSE:WAAREEENER
|
India | Rs301.15 Billion |
|
GCL System Integration Technology Co Ltd
SHE:002506
|
China | CN¥16.02 Billion |
|
Hainan Drinda Automotive Trim Co Ltd
SHE:002865
|
China | CN¥17.10 Billion |
|
Jolywood Suzhou Sunwatt Co Ltd
SHE:300393
|
China | CN¥13.17 Billion |
|
Changzhou Almaden Co Ltd
SHE:002623
|
China | CN¥5.65 Billion |
|
Alfas Solar Enerji Sanayi ve Ticaret A.S.
IS:ALFAS
|
Turkey | TL11.80 Billion |
|
Urja Global Limited
NSE:URJA
|
India | Rs2.48 Billion |
|
Ennogie Solar Group A/S
CO:ESG
|
Denmark | Dkr76.67 Million |
Sunworks 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 | 1.24 | 1.63 | 1.93 |
| Quick Ratio | 0.83 | 1.06 | 1.46 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | $9.40 Million | $29.83 Million | $21.21 Million |
Sunworks Inc - Advanced Valuation Insights
This section examines the relationship between Sunworks 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 | 0.00 |
| Latest Market Cap to Assets Ratio | 0.00 |
| Asset Growth Rate (YoY) | 19.0% |
| Total Assets | $119.94 Million |
| Market Capitalization | $5.68K USD |
Valuation Analysis
Below Book Valuation: The market values Sunworks Inc's assets below their book value (0.00x), which may indicate investor concerns about asset quality or future growth.
Rapid Asset Growth: Sunworks Inc's assets grew by 19.0% over the past year, indicating significant expansion of the company's resource base.
Annual Total Assets for Sunworks Inc (2016–2022)
The table below shows the annual total assets of Sunworks Inc from 2016 to 2022.
| Year | Total Assets | Change |
|---|---|---|
| 2022-09-30 | $119.94 Million | +18.97% |
| 2021-09-30 | $100.81 Million | +92.59% |
| 2020-09-30 | $52.34 Million | +69.93% |
| 2019-09-30 | $30.80 Million | -4.33% |
| 2018-09-30 | $32.20 Million | -21.75% |
| 2017-09-30 | $41.15 Million | -1.28% |
| 2016-09-30 | $41.68 Million | -- |
About Sunworks Inc
Sunworks, Inc. went out of business. Sunworks, Inc., through its subsidiaries, engages in the provision of photovoltaic and battery based power and storage systems for the commercial, agricultural, industrial, public works, and residential markets in the United States. It is also involved in the design, arrange financing, integrate, install, and manage systems ranging for residential homeowners, … Read more