TPI Composites Inc Total Assets
TPI Composites Inc total assets. Based on the latest financial reports, TPI Composites Inc (TPIC) holds total assets worth $591.71 Million USD as of June 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. Also see TPI Composites Inc (TPIC) market capitalisation for the company's overall valuation and market capitalisation.
Total Assets of TPI Composites Inc (2012–2024)
Total assets of TPI Composites Inc from 2012 to 2024. This chart illustrates how TPI Composites Inc's total assets have evolved over time, based on quarterly financial data. See TPIC live share price for real-time trading data and today's change.
TPI Composites Inc - Asset Composition Analysis
TPI Composites Inc Total Assets Breakdown (December 2024)
TPI Composites Inc total assets breakdown as of December 2024. TPI Composites Inc's total assets of $591.71 Million consist of 64.3% current assets and 35.7% non-current assets.
| Asset Category | Amount (USD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | $0.00 | 28.4% |
| Accounts Receivable | $196.73 Million | 28.4% |
| Inventory | $3.97 Million | 0.6% |
| Property, Plant & Equipment | $0.00 | 0.0% |
| Intangible Assets | $658.00K | 0.1% |
| Goodwill | $2.81 Million | 0.4% |
Asset Composition Trend (2012–2024)
This chart illustrates how TPI Composites 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 TPI Composites Inc current assets vs equity to assess how much short-term liquidity the company maintains relative to its equity base.
Key Asset Composition Facts
- Current vs. Non-Current Assets: TPI Composites Inc's current assets represent 64.3% of total assets in 2024, an increase from 60.0% in 2012.
- Cash Position: Cash and equivalents constituted 28.4% of total assets in 2024, up from 4.4% in 2012.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 0.0% of total assets, a decrease from 6.0% in 2012.
- Asset Diversification: The largest asset category is accounts receivable at 28.4% of total assets.
TPI Composites Inc Competitors by Total Assets
Key competitors of TPI Composites Inc based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
Shenzhen SC New Energy Technology Corp Class A
SHE:300724
|
China | CN¥26.05 Billion |
|
Sunonwealth Electric Machine Industry Co Ltd
TW:2421
|
Taiwan | NT$19.42 Billion |
|
Guangdong Yizumi Precision Machinery Co Ltd
SHE:300415
|
China | CN¥9.23 Billion |
|
TD Power Systems Limited
NSE:TDPOWERSYS
|
India | Rs18.77 Billion |
|
AA Industrial Belting
SHG:603580
|
China | CN¥845.44 Million |
|
Zhejiang Windey Co Ltd
SHE:300772
|
China | CN¥54.79 Billion |
|
Sinoseal Holding Co Ltd
SHE:300470
|
China | CN¥3.49 Billion |
|
Raymond Limited
NSE:RAYMOND
|
India | Rs47.38 Billion |
TPI Composites 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 | 0.36 | 1.00 | 1.32 |
| Quick Ratio | 0.35 | 0.99 | 1.29 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | $-632.34 Million | $661.00K | $137.97 Million |
TPI Composites Inc - Advanced Valuation Insights
This section examines the relationship between TPI Composites 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 | 4.98 |
| Latest Market Cap to Assets Ratio | 0.01 |
| Asset Growth Rate (YoY) | -13.9% |
| Total Assets | $692.46 Million |
| Market Capitalization | $6.19 Million USD |
Valuation Analysis
Below Book Valuation: The market values TPI Composites Inc's assets below their book value (0.01x), which may indicate investor concerns about asset quality or future growth.
Significant Asset Reduction: TPI Composites Inc's assets decreased by 13.9% over the past year, potentially indicating divestiture, restructuring, or challenging business conditions.
Annual Total Assets for TPI Composites Inc (2012–2024)
The table below shows the annual total assets of TPI Composites Inc from 2012 to 2024.
| Year | Total Assets | Change |
|---|---|---|
| 2024-12-31 | $692.46 Million | -13.88% |
| 2023-12-31 | $804.08 Million | -16.43% |
| 2022-12-31 | $962.18 Million | -4.52% |
| 2021-12-31 | $1.01 Billion | +5.38% |
| 2020-12-31 | $956.26 Million | +15.67% |
| 2019-12-31 | $826.68 Million | +36.67% |
| 2018-12-31 | $604.86 Million | +5.46% |
| 2017-12-31 | $573.53 Million | +31.18% |
| 2016-12-31 | $437.21 Million | +30.85% |
| 2015-12-31 | $334.14 Million | +20.21% |
| 2014-12-31 | $277.96 Million | +118.01% |
| 2013-12-31 | $127.50 Million | +54.73% |
| 2012-12-31 | $82.40 Million | -- |
About TPI Composites Inc
TPI Composites, Inc. manufactures and sells composite wind blades, and related precision molding and assembly systems to original equipment manufacturers (OEMs) in the United States, Mexico, Europe, the Middle East, Africa, and India. It also provides field service inspection and repair services, including diagnostic, repair, and maintenance services for wind blades to OEM customers, and wind far… Read more