Tingo Group Inc.
Tingo Group, Inc. engages in the financial technology and agri-fintech businesses delivering financial inclusion and financial upliftment to rural farming communities in Africa, Southeast Asia, and the Middle East. The company operates through Verticals and Technology, Online Stock Trading, Comprehensive Platform Service segments. Its platform service through use of smartphones device as a servic… Read more
Tingo Group Inc. (TIO) - Total Assets
Latest total assets as of September 2023: $1.93 Billion USD
Based on the latest financial reports, Tingo Group Inc. (TIO) holds total assets worth $1.93 Billion 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.
Tingo Group Inc. - Total Assets Trend (2004–2022)
This chart illustrates how Tingo Group Inc.’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
Tingo Group Inc. - Asset Composition Analysis
Current Asset Composition (December 2022)
Tingo Group Inc.'s total assets of $1.93 Billion consist of 31.6% current assets and 68.4% non-current assets.
| Asset Category | Amount (USD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | $0.00 | 29.7% |
| Accounts Receivable | $26.73 Million | 1.6% |
| Inventory | $0.00 | 0.0% |
| Property, Plant & Equipment | $0.00 | 0.0% |
| Intangible Assets | $185.41 Million | 11.0% |
| Goodwill | $101.25 Million | 6.0% |
Asset Composition Trend (2004–2022)
This chart illustrates how Tingo 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: Tingo Group Inc.'s current assets represent 31.6% of total assets in 2022, a decrease from 93.0% in 2004.
- Cash Position: Cash and equivalents constituted 29.7% of total assets in 2022, up from 2.0% in 2004.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 17.0% of total assets, an increase from 0.0% in 2004.
- Asset Diversification: The largest asset category is intangible assets at 11.0% of total assets.
Tingo Group Inc. Competitors by Total Assets
Key competitors of Tingo Group Inc. based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
Alpha Modus Holdings, Inc
NASDAQ:AMOD
|
USA | $403.26K |
|
Opter AB
ST:OPTER
|
Sweden | Skr42.72 Million |
|
TurnKey Capital Inc
PINK:TKCI
|
USA | $870.80 Million |
|
Digital China Information Service Co Ltd
SHE:000555
|
China | CN¥13.60 Billion |
|
Fujian Newland Computer Co Ltd
SHE:000997
|
China | CN¥13.83 Billion |
|
YGSOFT Inc
SHE:002063
|
China | CN¥4.58 Billion |
|
Dhc Software Co Ltd
SHE:002065
|
China | CN¥25.81 Billion |
|
Zhejiang Netsun Co Ltd
SHE:002095
|
China | CN¥1.57 Billion |
Tingo 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
Lower asset utilization - Tingo Group Inc. generates 0.09x its asset value in annual revenue.
Return on Assets (ROA)
Measures how efficiently a company uses its assets to generate profits
Negative ROA - Tingo Group Inc. is currently not profitable relative to its asset base.
Tingo 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 | 1.36 | 4.90 | 0.92 |
| Quick Ratio | 1.36 | 5.25 | 0.41 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | $164.31 Million | $ 76.62 Million | $ -684.00K |
Tingo Group Inc. - Advanced Valuation Insights
This section examines the relationship between Tingo 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 | 0.01 |
| Latest Market Cap to Assets Ratio | 0.00 |
| Asset Growth Rate (YoY) | 846.1% |
| Total Assets | $1.68 Billion |
| Market Capitalization | $3.22 Million USD |
Valuation Analysis
Below Book Valuation: The market values Tingo Group Inc.'s assets below their book value (0.00 x), which may indicate investor concerns about asset quality or future growth.
Rapid Asset Growth: Tingo Group Inc.'s assets grew by 846.1% over the past year, indicating significant expansion of the company's resource base.
Annual Total Assets for Tingo Group Inc. (2004–2022)
The table below shows the annual total assets of Tingo Group Inc. from 2004 to 2022.
| Year | Total Assets | Change |
|---|---|---|
| 2022-12-31 | $1.68 Billion | +846.15% |
| 2021-12-31 | $177.81 Million | +128.75% |
| 2020-12-31 | $77.73 Million | +1213.72% |
| 2019-12-31 | $5.92 Million | -41.66% |
| 2018-12-31 | $10.14 Million | -65.89% |
| 2017-12-31 | $29.73 Million | -6.86% |
| 2016-12-31 | $31.92 Million | -20.48% |
| 2015-12-31 | $40.14 Million | -10.66% |
| 2014-12-31 | $44.93 Million | +4.91% |
| 2013-12-31 | $42.83 Million | +12.91% |
| 2012-12-31 | $37.93 Million | +201.57% |
| 2011-12-31 | $12.58 Million | +35.48% |
| 2010-12-31 | $9.28 Million | +9.33% |
| 2009-12-31 | $8.49 Million | -17.27% |
| 2008-12-31 | $10.27 Million | +5.42% |
| 2007-12-31 | $9.74 Million | +16.36% |
| 2006-12-31 | $8.37 Million | +20.77% |
| 2005-12-31 | $6.93 Million | +12.25% |
| 2004-12-31 | $6.17 Million | -- |