Sunworks Inc (SUNWQ) - 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. Explore SUNWQ operating cash flow to total debt to assess how comfortably operating cash covers total debt obligations.
Sunworks Inc - Total Assets Trend (2016–2022)
This chart illustrates how Sunworks Inc's total assets have evolved over time, based on quarterly financial data. See Sunworks Inc shareholders equity for net asset value and shareholders' equity analysis.
Sunworks Inc - Asset Composition Analysis
Current Asset Composition (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. For live market cap, price, and company overview, see SUNWQ market cap.
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 |
|---|---|---|
|
Premier Energies Limited
NSE:PREMIERENE
|
India | Rs108.45 Billion |
|
COLUMBUS ENERGY S.A. ZY 7
F:0Q8
|
Germany | €243.59 Million |
|
Clearvue Technologies Ltd
AU:CPV
|
Australia | AU$12.51 Million |
|
Mpower Group Ltd
AU:MPR
|
Australia | AU$14.99 Million |
|
Clear Blue Technologies International Inc
V:CBLU
|
Canada | CA$5.95 Million |
|
Aurora Solar Technologies Inc
V:ACU
|
Canada | CA$6.24 Million |
|
Tongwei Co Ltd
SHG:600438
|
China | CN¥186.99 Billion |
|
Trina Solar Co Ltd
SHG:688599
|
China | CN¥116.15 Billion |
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