Innovate Corp
INNOVATE Corp., through its subsidiaries, operates in infrastructure, life sciences, and spectrum areas in the United States. The Infrastructure segment provides industrial construction, structural steel, and facility maintenance services, such as fabrication and erection of structural steel and heavy steel plate services, and large-diameter water pipes and water storage tanks; fabrication of tru… Read more
Innovate Corp (VATE) - Total Assets
Latest total assets as of September 2025: $913.20 Million USD
Based on the latest financial reports, Innovate Corp (VATE) holds total assets worth $913.20 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.
Innovate Corp - Total Assets Trend (1996–2024)
This chart illustrates how Innovate Corp’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
Innovate Corp - Asset Composition Analysis
Current Asset Composition (December 2024)
Innovate Corp's total assets of $913.20 Million consist of 43.9% current assets and 56.1% non-current assets.
| Asset Category | Amount (USD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | $0.00 | 5.5% |
| Accounts Receivable | $300.90 Million | 33.8% |
| Inventory | $20.80 Million | 2.3% |
| Property, Plant & Equipment | $0.00 | 0.0% |
| Intangible Assets | $172.40 Million | 19.4% |
| Goodwill | $126.70 Million | 14.2% |
Asset Composition Trend (1996–2024)
This chart illustrates how Innovate 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: Innovate Corp's current assets represent 43.9% of total assets in 2024, a decrease from 68.8% in 1996.
- Cash Position: Cash and equivalents constituted 5.5% of total assets in 2024, down from 25.2% in 1996.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 33.0% of total assets, an increase from 15.0% in 1996.
- Asset Diversification: The largest asset category is accounts receivable at 33.8% of total assets.
Innovate Corp Competitors by Total Assets
Key competitors of Innovate Corp based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
Shenzhen Ecobeauty Co Ltd
SHE:000010
|
China | CN¥2.72 Billion |
|
Shenzhen Sed Industry Co Ltd
SHE:000032
|
China | CN¥67.22 Billion |
|
NORINCO International Cooperation Ltd
SHE:000065
|
China | CN¥25.28 Billion |
|
Shenzhen Tagen Group Co Ltd
SHE:000090
|
China | CN¥63.35 Billion |
|
Shandong Hi-Speed Road&Bridge
SHE:000498
|
China | CN¥173.93 Billion |
|
Jinyuan Cement Co Ltd
SHE:000546
|
China | CN¥5.66 Billion |
|
Hunan Investment Group Co Ltd
SHE:000548
|
China | CN¥2.46 Billion |
|
ChengDu Hi-Tech Development Co Ltd
SHE:000628
|
China | CN¥12.49 Billion |
Innovate 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 - Innovate Corp generates 1.24x its asset value in annual revenue.
Return on Assets (ROA)
Measures how efficiently a company uses its assets to generate profits
Negative ROA - Innovate Corp is currently not profitable relative to its asset base.
Innovate 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 | 0.43 | 0.85 | 1.05 |
| Quick Ratio | 0.41 | 0.81 | 1.05 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | $-553.70 Million | $ -69.30 Million | $ 294.10 Million |
Innovate Corp - Advanced Valuation Insights
This section examines the relationship between Innovate 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 | 0.74 |
| Latest Market Cap to Assets Ratio | 0.02 |
| Asset Growth Rate (YoY) | -14.6% |
| Total Assets | $891.10 Million |
| Market Capitalization | $18.08 Million USD |
Valuation Analysis
Below Book Valuation: The market values Innovate Corp's assets below their book value (0.02 x), which may indicate investor concerns about asset quality or future growth.
Significant Asset Reduction: Innovate Corp's assets decreased by 14.6% over the past year, potentially indicating divestiture, restructuring, or challenging business conditions.
Annual Total Assets for Innovate Corp (1996–2024)
The table below shows the annual total assets of Innovate Corp from 1996 to 2024.
| Year | Total Assets | Change |
|---|---|---|
| 2024-12-31 | $891.10 Million | -14.61% |
| 2023-12-31 | $1.04 Billion | -9.39% |
| 2022-12-31 | $1.15 Billion | +6.58% |
| 2021-12-31 | $1.08 Billion | -83.93% |
| 2020-12-31 | $6.72 Billion | -3.37% |
| 2019-12-31 | $6.96 Billion | +6.99% |
| 2018-12-31 | $6.50 Billion | +102.13% |
| 2017-12-31 | $3.22 Billion | +13.49% |
| 2016-12-31 | $2.84 Billion | +3.38% |
| 2015-12-31 | $2.74 Billion | +278.77% |
| 2014-12-31 | $724.05 Million | +725.78% |
| 2013-12-31 | $87.68 Million | -70.89% |
| 2012-12-31 | $301.19 Million | -44.62% |
| 2011-12-31 | $543.82 Million | +5.71% |
| 2010-12-31 | $514.46 Million | -7.95% |
| 2009-12-31 | $558.91 Million | +69.14% |
| 2008-12-31 | $330.44 Million | -28.23% |
| 2007-12-31 | $460.40 Million | +17.37% |
| 2006-12-31 | $392.25 Million | -38.82% |
| 2005-12-31 | $641.09 Million | -15.49% |
| 2004-12-31 | $758.60 Million | +0.99% |
| 2003-12-31 | $751.16 Million | +3.67% |
| 2002-12-31 | $724.59 Million | -11.23% |
| 2001-12-31 | $816.21 Million | -53.31% |
| 2000-12-31 | $1.75 Billion | +20.45% |
| 1999-12-31 | $1.45 Billion | +115.35% |
| 1998-12-31 | $673.96 Million | +88.25% |
| 1997-12-31 | $358.01 Million | +154.70% |
| 1996-12-31 | $140.56 Million | -- |