On Holding Ltd
On Holding AG engages in the development and distribution of sports products worldwide. The company offers athletic footwear, apparel, and accessories for high-performance running, outdoor, training, all-day activities, and tennis. It offers its products through independent retailers and distributors, online, and stores. The company was founded in 2010 and is headquartered in Zurich, Switzerland.
On Holding Ltd (ONON) - Total Assets
Latest total assets as of September 2025: $2.75 Billion USD
Based on the latest financial reports, On Holding Ltd (ONON) holds total assets worth $2.75 Billion 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.
On Holding Ltd - Total Assets Trend (2019–2024)
This chart illustrates how On Holding Ltd’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
On Holding Ltd - Asset Composition Analysis
Current Asset Composition (December 2024)
On Holding Ltd's total assets of $2.75 Billion consist of 74.0% current assets and 26.0% non-current assets.
| Asset Category | Amount (USD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | $0.00 | 38.9% |
| Accounts Receivable | $246.10 Million | 10.4% |
| Inventory | $419.20 Million | 17.6% |
| Property, Plant & Equipment | $0.00 | 0.0% |
| Intangible Assets | $56.50 Million | 2.4% |
| Goodwill | $1.80 Million | 0.1% |
Asset Composition Trend (2019–2024)
This chart illustrates how On Holding Ltd'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: On Holding Ltd's current assets represent 74.0% of total assets in 2024, a decrease from 83.7% in 2019.
- Cash Position: Cash and equivalents constituted 38.9% of total assets in 2024, up from 8.3% in 2019.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 2.0% of total assets, a decrease from 3.0% in 2019.
- Asset Diversification: The largest asset category is inventory at 17.6% of total assets.
On Holding Ltd Competitors by Total Assets
Key competitors of On Holding Ltd based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
JS Corp
KO:194370
|
Korea | ₩1.83 Trillion |
|
Samyang Tongsang Co. Ltd.
KO:002170
|
Korea | ₩463.81 Billion |
|
Wuxi Double Elephant Micro Fibre Material Co Ltd
SHE:002395
|
China | CN¥2.39 Billion |
|
Hwaseung Industries Co Ltd
KO:006060
|
Korea | ₩1.64 Trillion |
|
Uni Chem
KO:011330
|
Korea | ₩202.72 Billion |
|
Carlo Rino Group Bhd
KLSE:0335
|
Malaysia | RM190.25 Million |
|
Baiksan
KO:035150
|
Korea | ₩454.19 Billion |
|
InBioGen Co Ltd
KO:101140
|
Korea | ₩173.22 Billion |
On Holding Ltd - 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 - On Holding Ltd generates 0.98x its asset value in annual revenue.
Return on Assets (ROA)
Measures how efficiently a company uses its assets to generate profits
Excellent ROA - For every $100 in assets, On Holding Ltd generates $ 10.19 in net profit.
On Holding Ltd - 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 | 2.55 | 2.91 | 3.27 |
| Quick Ratio | 2.05 | 2.25 | 2.08 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | $1.16 Billion | $ 1.02 Billion | $ 195.90 Million |
On Holding Ltd - Advanced Valuation Insights
This section examines the relationship between On Holding Ltd'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 | 7.37 |
| Latest Market Cap to Assets Ratio | 3.88 |
| Asset Growth Rate (YoY) | 49.2% |
| Total Assets | $2.38 Billion |
| Market Capitalization | $9.23 Billion USD |
Valuation Analysis
Premium Asset Valuation: The market values On Holding Ltd's assets at a significant premium ( 3.88x), suggesting investors see substantial growth potential or unique competitive advantages.
Rapid Asset Growth: On Holding Ltd's assets grew by 49.2% over the past year, indicating significant expansion of the company's resource base.
Annual Total Assets for On Holding Ltd (2019–2024)
The table below shows the annual total assets of On Holding Ltd from 2019 to 2024.
| Year | Total Assets | Change |
|---|---|---|
| 2024-12-31 | $2.38 Billion | +49.20% |
| 2023-12-31 | $1.59 Billion | +15.23% |
| 2022-12-31 | $1.38 Billion | +11.80% |
| 2021-12-31 | $1.24 Billion | +223.21% |
| 2020-12-31 | $382.57 Million | +166.36% |
| 2019-12-31 | $143.63 Million | -- |