BEST Inc
BEST Inc. operates as a smart supply chain service provider in the People's Republic of China and Indonesia. The company operates through four segments: Freight Delivery, Supply Chain Management, Global Logistics, and Others. Its proprietary technology platform, BEST Cloud, which enables its ecosystem participants to operate their businesses through various SaaS-based applications. The company ap… Read more
BEST Inc (BEST) - Total Assets
Latest total assets as of March 2024: $5.90 Billion USD
Based on the latest financial reports, BEST Inc (BEST) holds total assets worth $5.90 Billion 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.
BEST Inc - Total Assets Trend (2015–2023)
This chart illustrates how BEST Inc’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
BEST Inc - Asset Composition Analysis
Current Asset Composition (December 2023)
BEST Inc's total assets of $5.90 Billion consist of 49.4% current assets and 50.6% non-current assets.
| Asset Category | Amount (USD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | $0.00 | 6.8% |
| Accounts Receivable | $990.43 Million | 15.8% |
| Inventory | $7.79 Million | 0.1% |
| Property, Plant & Equipment | $0.00 | 0.0% |
| Intangible Assets | $93.17 Million | 1.5% |
| Goodwill | $54.13 Million | 0.9% |
Asset Composition Trend (2015–2023)
This chart illustrates how BEST 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: BEST Inc's current assets represent 49.4% of total assets in 2023, a decrease from 56.8% in 2015.
- Cash Position: Cash and equivalents constituted 6.8% of total assets in 2023, down from 12.7% in 2015.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 1.0% of total assets, a decrease from 10.0% in 2015.
- Asset Diversification: The largest asset category is accounts receivable at 15.8% of total assets.
BEST Inc Competitors by Total Assets
Key competitors of BEST Inc based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
Samil Co.Ltd
KQ:032280
|
Korea | ₩106.14 Billion |
|
Kerry TJ Logistics Co Ltd
TW:2608
|
Taiwan | NT$24.85 Billion |
|
Chung Lien Transportation Co Ltd
TWO:5604
|
Taiwan | NT$2.61 Billion |
|
Dazhong Transportation Group Co Ltd A
SHG:600611
|
China | CN¥19.32 Billion |
|
Shanghai Jin Jiang International Industrial Investment Co Ltd A
SHG:600650
|
China | CN¥5.59 Billion |
|
Shanghai Qiangsheng Holding Co Ltd
SHG:600662
|
China | CN¥15.27 Billion |
|
Deppon Logistics Co Ltd
SHG:603056
|
China | CN¥16.14 Billion |
|
Hengtong Logistic Co Ltd
SHG:603223
|
China | CN¥5.40 Billion |
BEST 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
Strong asset utilization - BEST Inc generates 1.33x its asset value in annual revenue.
Return on Assets (ROA)
Measures how efficiently a company uses its assets to generate profits
Negative ROA - BEST Inc is currently not profitable relative to its asset base.
BEST 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 | 0.66 | 0.69 | 0.85 |
| Quick Ratio | 0.66 | 0.69 | 0.83 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | $-1.67 Billion | $ -1.48 Billion | $ -1.44 Billion |
BEST Inc - Advanced Valuation Insights
This section examines the relationship between BEST 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 | 2.34 |
| Latest Market Cap to Assets Ratio | 0.01 |
| Asset Growth Rate (YoY) | -19.9% |
| Total Assets | $6.25 Billion |
| Market Capitalization | $56.09 Million USD |
Valuation Analysis
Below Book Valuation: The market values BEST Inc's assets below their book value (0.01 x), which may indicate investor concerns about asset quality or future growth.
Significant Asset Reduction: BEST Inc's assets decreased by 19.9% over the past year, potentially indicating divestiture, restructuring, or challenging business conditions.
Annual Total Assets for BEST Inc (2015–2023)
The table below shows the annual total assets of BEST Inc from 2015 to 2023.
| Year | Total Assets | Change |
|---|---|---|
| 2023-12-31 | $6.25 Billion | -19.91% |
| 2022-12-31 | $7.81 Billion | -30.97% |
| 2021-12-31 | $11.31 Billion | -42.96% |
| 2020-12-31 | $19.83 Billion | +1.72% |
| 2019-12-31 | $19.49 Billion | +57.63% |
| 2018-12-31 | $12.37 Billion | +13.68% |
| 2017-12-31 | $10.88 Billion | +72.79% |
| 2016-12-31 | $6.30 Billion | +175.34% |
| 2015-12-31 | $2.29 Billion | -- |