Vicinity Motor Corp
Vicinity Motor Corp. designs, builds, and distributes a suite of transit buses for public and commercial use under the Vicinity brand in the United States and Canada. It offers electric, CNG, and clean diesel buses, as well as electric trucks and spare parts. The company was formerly known as Grande West Transportation Group Inc. and changed its name to Vicinity Motor Corp. in March 2021. The com… Read more
Vicinity Motor Corp (VEV) - Total Assets
Latest total assets as of March 2024: $77.75 Million USD
Based on the latest financial reports, Vicinity Motor Corp (VEV) holds total assets worth $77.75 Million USD as of March 2024.
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.
Vicinity Motor Corp - Total Assets Trend (2012–2023)
This chart illustrates how Vicinity Motor Corp’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
Vicinity Motor Corp - Asset Composition Analysis
Current Asset Composition (December 2023)
Vicinity Motor Corp's total assets of $77.75 Million consist of 54.8% current assets and 45.2% non-current assets.
| Asset Category | Amount (USD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | $0.00 | 2.7% |
| Accounts Receivable | $5.60 Million | 7.6% |
| Inventory | $23.27 Million | 31.4% |
| Property, Plant & Equipment | $0.00 | 0.0% |
| Intangible Assets | $9.81 Million | 13.2% |
| Goodwill | $0.00 | 0.0% |
Asset Composition Trend (2012–2023)
This chart illustrates how Vicinity Motor Corp'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: Vicinity Motor Corp's current assets represent 54.8% of total assets in 2023, a decrease from 93.5% in 2012.
- Cash Position: Cash and equivalents constituted 2.7% of total assets in 2023, down from 23.3% in 2012.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 13.0% of total assets, an increase from 2.0% in 2012.
- Asset Diversification: The largest asset category is inventory at 31.4% of total assets.
Vicinity Motor Corp Competitors by Total Assets
Key competitors of Vicinity Motor Corp based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
Ellwee AB
ST:ELLWEE
|
Sweden | Skr5.80 Million |
|
Kia Corp
KO:000270
|
Korea | ₩97.98 Trillion |
|
Weichai Power Co Ltd Class A
SHE:000338
|
China | CN¥364.32 Billion |
|
Haima Automobile Group Co Ltd
SHE:000572
|
China | CN¥4.80 Billion |
|
Chongqing Changan Automobile Co Ltd
SHE:000625
|
China | CN¥185.63 Billion |
|
Faw Car Co Ltd
SHE:000800
|
China | CN¥76.20 Billion |
|
Anhui Ankai Automobile Co Ltd
SHE:000868
|
China | CN¥4.25 Billion |
|
Kunming Yunnei Power Co Ltd
SHE:000903
|
China | CN¥10.27 Billion |
Vicinity Motor Corp - 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 - Vicinity Motor Corp generates 0.26x its asset value in annual revenue.
Return on Assets (ROA)
Measures how efficiently a company uses its assets to generate profits
Negative ROA - Vicinity Motor Corp is currently not profitable relative to its asset base.
Vicinity Motor Corp - 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 | 0.90 | 1.16 | 2.30 |
| Quick Ratio | 0.33 | 0.61 | 1.29 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | $-5.03 Million | $ 2.72 Million | $ 12.47 Million |
Vicinity Motor Corp - Advanced Valuation Insights
This section examines the relationship between Vicinity Motor Corp'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) | 34.8% |
| Total Assets | $74.19 Million |
| Market Capitalization | $78.72K USD |
Valuation Analysis
Below Book Valuation: The market values Vicinity Motor Corp's assets below their book value (0.00 x), which may indicate investor concerns about asset quality or future growth.
Rapid Asset Growth: Vicinity Motor Corp's assets grew by 34.8% over the past year, indicating significant expansion of the company's resource base.
Annual Total Assets for Vicinity Motor Corp (2012–2023)
The table below shows the annual total assets of Vicinity Motor Corp from 2012 to 2023.
| Year | Total Assets | Change |
|---|---|---|
| 2023-12-31 | $74.19 Million | +34.82% |
| 2022-12-31 | $55.03 Million | +1.92% |
| 2021-12-31 | $53.99 Million | +46.38% |
| 2020-12-31 | $36.89 Million | +30.56% |
| 2019-12-31 | $28.25 Million | -4.86% |
| 2018-12-31 | $29.70 Million | -20.49% |
| 2017-12-31 | $37.35 Million | +388.80% |
| 2016-12-31 | $7.64 Million | +158.40% |
| 2015-12-31 | $2.96 Million | -29.95% |
| 2014-12-31 | $4.22 Million | +62.54% |
| 2013-12-31 | $2.60 Million | +38.77% |
| 2012-12-31 | $1.87 Million | -- |