ECIT AS
ECIT AS provides IT, finance and accounting, and technology solutions in Norway, Sweden, Denmark, the United Kingdom, Germany, Finland, Poland, Iceland, Lithuania, Romania, and internationally. The company offers finance and accounting services, including accounting, management consulting and support, payroll, budgeting, and HR, as well as reporting/BI, annual reports/tax, advisory, and debt coll… Read more
ECIT AS (ECIT) - Total Assets
Latest total assets as of June 2024: Nkr3.86 Billion NOK
Based on the latest financial reports, ECIT AS (ECIT) holds total assets worth Nkr3.86 Billion NOK as of June 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.
ECIT AS - Total Assets Trend (2018–2023)
This chart illustrates how ECIT AS’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
ECIT AS - Asset Composition Analysis
Current Asset Composition (December 2023)
ECIT AS's total assets of Nkr3.86 Billion consist of 23.6% current assets and 76.4% non-current assets.
| Asset Category | Amount (NOK) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | Nkr0.00 | 4.9% |
| Accounts Receivable | Nkr500.00 Million | 13.3% |
| Inventory | Nkr15.00 Million | 0.4% |
| Property, Plant & Equipment | Nkr0.00 | 0.0% |
| Intangible Assets | Nkr610.00 Million | 16.2% |
| Goodwill | Nkr1.67 Billion | 44.3% |
Asset Composition Trend (2018–2023)
This chart illustrates how ECIT AS'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: ECIT AS's current assets represent 23.6% of total assets in 2023, a decrease from 30.4% in 2018.
- Cash Position: Cash and equivalents constituted 4.9% of total assets in 2023, down from 11.7% in 2018.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 60.0% of total assets, an increase from 57.0% in 2018.
- Asset Diversification: The largest asset category is goodwill at 44.3% of total assets.
ECIT AS Competitors by Total Assets
Key competitors of ECIT AS based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
CID HoldCo, Inc. Warrants
NASDAQ:DAICW
|
USA | $7.45 Million |
|
Digital China Group Co Ltd
SHE:000034
|
China | CN¥50.37 Billion |
|
ZJBC Information Technology Co Ltd
SHE:000889
|
China | CN¥889.19 Million |
|
Yunnan Nantian Electronics Information Co Ltd
SHE:000948
|
China | CN¥8.21 Billion |
|
NetX Holdings Bhd
KLSE:0020
|
Malaysia | RM111.41 Million |
|
Guomai Technologies Inc
SHE:002093
|
China | CN¥4.63 Billion |
|
Shanghai HiTech Control System
SHE:002184
|
China | CN¥3.19 Billion |
|
SZZT Electronics Co Ltd
SHE:002197
|
China | CN¥5.70 Billion |
ECIT AS - 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 - ECIT AS generates 0.91x its asset value in annual revenue.
Return on Assets (ROA)
Measures how efficiently a company uses its assets to generate profits
Moderate ROA - For every $100 in assets, ECIT AS generates $ 2.92 in net profit.
ECIT AS - 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 | 0.94 | 0.91 | 0.85 |
| Quick Ratio | 0.92 | 0.89 | 0.83 |
| Cash Ratio | 0.00 | 0.20 | 0.00 |
| Working Capital | Nkr-60.00 Million | Nkr -88.00 Million | Nkr -110.00 Million |
ECIT AS - Advanced Valuation Insights
This section examines the relationship between ECIT AS'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 | 3.40 |
| Latest Market Cap to Assets Ratio | 0.03 |
| Asset Growth Rate (YoY) | 23.8% |
| Total Assets | Nkr3.77 Billion |
| Market Capitalization | $119.26 Million USD |
Valuation Analysis
Below Book Valuation: The market values ECIT AS's assets below their book value (0.03 x), which may indicate investor concerns about asset quality or future growth.
Rapid Asset Growth: ECIT AS's assets grew by 23.8% over the past year, indicating significant expansion of the company's resource base.
Annual Total Assets for ECIT AS (2018–2023)
The table below shows the annual total assets of ECIT AS from 2018 to 2023.
| Year | Total Assets | Change |
|---|---|---|
| 2023-12-31 | Nkr3.77 Billion | +23.78% |
| 2022-12-31 | Nkr3.04 Billion | +18.21% |
| 2021-12-31 | Nkr2.58 Billion | +22.22% |
| 2020-12-31 | Nkr2.11 Billion | +32.60% |
| 2019-12-31 | Nkr1.59 Billion | +28.58% |
| 2018-12-31 | Nkr1.24 Billion | -- |