Elliptic Laboratories AS
Elliptic Laboratories ASA, an artificial intelligence (AI) software company, engages in the provision of AI virtual smart sensors for the smartphone, laptop, Internet of Things, and automotive markets in Norway, the United States, China, South Korea, Taiwan, and Japan. The company offers AI Virtual Human Presence Sensor, a presence-detection solution used to improve the security of data stored on… Read more
Elliptic Laboratories AS (ELABS) - Total Assets
Latest total assets as of September 2025: Nkr336.92 Million NOK
Based on the latest financial reports, Elliptic Laboratories AS (ELABS) holds total assets worth Nkr336.92 Million NOK 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.
Elliptic Laboratories AS - Total Assets Trend (2017–2024)
This chart illustrates how Elliptic Laboratories AS’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
Elliptic Laboratories AS - Asset Composition Analysis
Current Asset Composition (December 2024)
Elliptic Laboratories AS's total assets of Nkr336.92 Million consist of 54.1% current assets and 45.9% non-current assets.
| Asset Category | Amount (NOK) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | Nkr74.20 Million | 21.2% |
| Accounts Receivable | Nkr117.52 Million | 32.6% |
| Inventory | Nkr0.00 | 0.0% |
| Property, Plant & Equipment | Nkr16.66 Million | 4.6% |
| Intangible Assets | Nkr66.25 Million | 18.4% |
| Goodwill | Nkr0.00 | 0.0% |
Asset Composition Trend (2017–2024)
This chart illustrates how Elliptic Laboratories 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: Elliptic Laboratories AS's current assets represent 54.1% of total assets in 2024, an increase from 48.2% in 2017.
- Cash Position: Cash and equivalents constituted 21.2% of total assets in 2024, down from 37.9% in 2017.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 18.0% of total assets, an increase from 3.0% in 2017.
- Asset Diversification: The largest asset category is accounts receivable at 32.6% of total assets.
Elliptic Laboratories AS Competitors by Total Assets
Key competitors of Elliptic Laboratories AS based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
Eastcompeace Technology Co Ltd
SHE:002017
|
China | CN¥2.97 Billion |
|
Wiscom System Co Ltd
SHE:002090
|
China | CN¥3.17 Billion |
|
Topsec Technologies Group Inc
SHE:002212
|
China | CN¥10.79 Billion |
|
Focus Technology Co Ltd
SHE:002315
|
China | CN¥4.27 Billion |
|
Beijing Venustech Inc
SHE:002439
|
China | CN¥13.16 Billion |
|
Maxvision Technology Corp
SHE:002990
|
China | CN¥3.74 Billion |
|
OpenSys M Bhd
KLSE:0040
|
Malaysia | RM129.25 Million |
|
Managepay Systems Bhd
KLSE:0156
|
Malaysia | RM86.24 Million |
Elliptic Laboratories 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
Lower asset utilization - Elliptic Laboratories AS generates 0.37x 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, Elliptic Laboratories AS generates $ 2.48 in net profit.
Elliptic Laboratories 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 | 9.66 | 8.41 | 8.93 |
| Quick Ratio | 9.66 | 8.41 | 8.93 |
| Cash Ratio | 3.09 | 3.10 | 0.00 |
| Working Capital | Nkr149.68 Million | Nkr 156.87 Million | Nkr 107.99 Million |
Elliptic Laboratories AS - Advanced Valuation Insights
This section examines the relationship between Elliptic Laboratories 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 | 1.52 |
| Latest Market Cap to Assets Ratio | 0.06 |
| Asset Growth Rate (YoY) | 3.7% |
| Total Assets | Nkr361.03 Million |
| Market Capitalization | $20.02 Million USD |
Valuation Analysis
Below Book Valuation: The market values Elliptic Laboratories AS's assets below their book value (0.06 x), which may indicate investor concerns about asset quality or future growth.
Positive Asset Growth: Elliptic Laboratories AS's assets grew by 3.7% over the past year, showing continued investment in the company's operational capacity.
Annual Total Assets for Elliptic Laboratories AS (2017–2024)
The table below shows the annual total assets of Elliptic Laboratories AS from 2017 to 2024.
| Year | Total Assets | Change |
|---|---|---|
| 2024-12-31 | Nkr361.03 Million | +3.68% |
| 2023-12-31 | Nkr348.20 Million | -0.32% |
| 2022-12-31 | Nkr349.32 Million | -5.93% |
| 2021-12-31 | Nkr371.36 Million | +69.78% |
| 2020-12-31 | Nkr218.72 Million | +56.94% |
| 2019-12-31 | Nkr139.37 Million | +36.31% |
| 2018-12-31 | Nkr102.24 Million | +3.85% |
| 2017-12-31 | Nkr98.45 Million | -- |