Northann Corp.
Northann Corp. engages in the operates dotfloor.com, the online store that offers vinyl flooring products internationally. It offers its products under the Benchwick and Dotfloor brand names; and it serves retail customers. The company was founded in 2013 and is based in Elk Grove, California.
Northann Corp. (NCL) - Total Assets
Latest total assets as of September 2025: $14.95 Million USD
Based on the latest financial reports, Northann Corp. (NCL) holds total assets worth $14.95 Million USD as of September 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.
Northann Corp. - Total Assets Trend (2020–2024)
This chart illustrates how Northann Corp.’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
Northann Corp. - Asset Composition Analysis
Current Asset Composition (December 2024)
Northann Corp.'s total assets of $14.95 Million consist of 42.6% current assets and 57.4% non-current assets.
| Asset Category | Amount (USD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | $0.00 | 1.8% |
| Accounts Receivable | $3.11 Million | 22.4% |
| Inventory | $2.00 Million | 14.4% |
| Property, Plant & Equipment | $6.98 Million | 50.3% |
| Intangible Assets | $977.99K | 7.1% |
| Goodwill | $0.00 | 0.0% |
Asset Composition Trend (2020–2024)
This chart illustrates how Northann 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: Northann Corp.'s current assets represent 42.6% of total assets in 2024, an increase from 28.4% in 2020.
- Cash Position: Cash and equivalents constituted 1.8% of total assets in 2024, down from 3.2% in 2020.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 7.0% of total assets, a decrease from 10.0% in 2020.
- Asset Diversification: The largest asset category is property, plant & equipment at 50.3% of total assets.
Northann Corp. Competitors by Total Assets
Key competitors of Northann Corp. based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
Midea Group Co Ltd
SHE:000333
|
China | CN¥593.31 Billion |
|
Gree Electric Appliances Inc of Zhuhai
SHE:000651
|
China | CN¥399.22 Billion |
|
Hisense Kelon Electrical Holdings Co Ltd
SHE:000921
|
China | CN¥71.93 Billion |
|
Suncha Technology Co Ltd
SHE:001211
|
China | CN¥1.86 Billion |
|
Beijing Liven Technology Co. Ltd.
SHE:001259
|
China | CN¥838.81 Million |
|
De Rucci Healthy Sleep Co. Ltd.
SHE:001323
|
China | CN¥7.71 Billion |
|
Tongda Smart Tech (Xiamen) Co. Ltd. A
SHE:001368
|
China | CN¥1.73 Billion |
|
Hefei Snowky Elec Co Ltd
SHE:001387
|
China | CN¥2.43 Billion |
Northann 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
Strong asset utilization - Northann Corp. generates 1.11x its asset value in annual revenue.
Return on Assets (ROA)
Measures how efficiently a company uses its assets to generate profits
Negative ROA - Northann Corp. is currently not profitable relative to its asset base.
Northann 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 | 0.73 | 0.53 | 0.43 |
| Quick Ratio | 0.34 | 0.19 | 0.24 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | $-2.43 Million | $ -5.46 Million | $ -8.32 Million |
Northann Corp. - Advanced Valuation Insights
This section examines the relationship between Northann 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 | 1.97 |
| Latest Market Cap to Assets Ratio | 0.15 |
| Asset Growth Rate (YoY) | 1.9% |
| Total Assets | $13.88 Million |
| Market Capitalization | $2.02 Million USD |
Valuation Analysis
Below Book Valuation: The market values Northann Corp.'s assets below their book value (0.15 x), which may indicate investor concerns about asset quality or future growth.
Positive Asset Growth: Northann Corp.'s assets grew by 1.9% over the past year, showing continued investment in the company's operational capacity.
Annual Total Assets for Northann Corp. (2020–2024)
The table below shows the annual total assets of Northann Corp. from 2020 to 2024.
| Year | Total Assets | Change |
|---|---|---|
| 2024-12-31 | $13.88 Million | +1.89% |
| 2023-12-31 | $13.62 Million | -5.49% |
| 2022-12-31 | $14.41 Million | -0.33% |
| 2021-12-31 | $14.46 Million | +33.46% |
| 2020-12-31 | $10.83 Million | -- |