Magnora ASA
Magnora ASA operates as a renewable energy development company in Norway, Sweden, South Africa and the United Kingdom. The company focuses on developing wind, solar photovoltaic (PV), and battery storage projects. It serves renewable energy operators, investment and oil companies, and global marine contractors. The company was formerly known as Sevan Marine ASA and changed its name to Magnora ASA… Read more
Magnora ASA (MGN) - Total Assets
Latest total assets as of June 2025: Nkr508.20 Million NOK
Based on the latest financial reports, Magnora ASA (MGN) holds total assets worth Nkr508.20 Million NOK as of June 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.
Magnora ASA - Total Assets Trend (2002–2024)
This chart illustrates how Magnora ASA’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
Magnora ASA - Asset Composition Analysis
Current Asset Composition (December 2024)
Magnora ASA's total assets of Nkr508.20 Million consist of 49.2% current assets and 50.8% non-current assets.
| Asset Category | Amount (NOK) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | Nkr0.00 | 44.0% |
| Accounts Receivable | Nkr3.00 Million | 0.5% |
| Inventory | Nkr0.00 | 0.0% |
| Property, Plant & Equipment | Nkr1.70 Million | 0.3% |
| Intangible Assets | Nkr148.50 Million | 25.8% |
| Goodwill | Nkr8.40 Million | 1.5% |
Asset Composition Trend (2002–2024)
This chart illustrates how Magnora ASA'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: Magnora ASA's current assets represent 49.2% of total assets in 2024, a decrease from 63.9% in 2002.
- Cash Position: Cash and equivalents constituted 44.0% of total assets in 2024, up from 12.5% in 2002.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 26.0% of total assets, an increase from 0.0% in 2002.
- Asset Diversification: The largest asset category is intangible assets at 25.8% of total assets.
Magnora ASA Competitors by Total Assets
Key competitors of Magnora ASA based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
Tunghsu Azure Renewable Energy Co Ltd
SHE:000040
|
China | CN¥23.04 Billion |
|
Tianjin Guangyu Development Co Ltd
SHE:000537
|
China | CN¥94.26 Billion |
|
CECEP Solar Energy Co Ltd
SHE:000591
|
China | CN¥52.84 Billion |
|
GEPIC Energy Development Co Ltd
SHE:000791
|
China | CN¥38.52 Billion |
|
Tieling Newcity Investment Holding Ltd
SHE:000809
|
China | CN¥2.91 Billion |
|
Hubei Energy Group Co Ltd
SHE:000883
|
China | CN¥95.95 Billion |
|
Fujian MinDong Electric Power Co Ltd
SHE:000993
|
China | CN¥3.76 Billion |
|
Xinjiang Lixin Energy Co. Ltd. A
SHE:001258
|
China | CN¥16.78 Billion |
Magnora ASA - 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 - Magnora ASA generates 0.00x 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, Magnora ASA generates $ 103.20 in net profit.
Magnora ASA - 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 | 2.24 | 2.70 | 66.45 |
| Quick Ratio | 2.24 | 2.70 | 66.45 |
| Cash Ratio | 1.96 | 0.00 | 0.00 |
| Working Capital | Nkr140.70 Million | Nkr 268.10 Million | Nkr 72.00 Million |
Magnora ASA - Advanced Valuation Insights
This section examines the relationship between Magnora ASA'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 | 3.33 |
| Latest Market Cap to Assets Ratio | 0.14 |
| Asset Growth Rate (YoY) | -4.8% |
| Total Assets | Nkr575.30 Million |
| Market Capitalization | $81.76 Million USD |
Valuation Analysis
Below Book Valuation: The market values Magnora ASA's assets below their book value (0.14 x), which may indicate investor concerns about asset quality or future growth.
Slight Asset Contraction: Magnora ASA's assets decreased by 4.8% over the past year, which may reflect streamlining or optimization of resources.
Annual Total Assets for Magnora ASA (2002–2024)
The table below shows the annual total assets of Magnora ASA from 2002 to 2024.
| Year | Total Assets | Change |
|---|---|---|
| 2024-12-31 | Nkr575.30 Million | -4.85% |
| 2023-12-31 | Nkr604.60 Million | +7.16% |
| 2022-12-31 | Nkr564.20 Million | +192.79% |
| 2021-12-31 | Nkr192.70 Million | +55.28% |
| 2020-12-31 | Nkr124.10 Million | +9.63% |
| 2019-12-31 | Nkr113.20 Million | -24.63% |
| 2018-12-31 | Nkr150.20 Million | -32.10% |
| 2017-12-31 | Nkr221.20 Million | -39.79% |
| 2016-12-31 | Nkr367.39 Million | -51.74% |
| 2015-12-31 | Nkr761.25 Million | -29.29% |
| 2014-12-31 | Nkr1.08 Billion | +7.35% |
| 2013-12-31 | Nkr1.00 Billion | -73.50% |
| 2012-12-31 | Nkr3.78 Billion | +8.99% |
| 2011-12-31 | Nkr3.47 Billion | -77.17% |
| 2010-12-31 | Nkr15.21 Billion | +11.75% |
| 2009-12-31 | Nkr13.61 Billion | +28.64% |
| 2008-12-31 | Nkr10.58 Billion | +28.43% |
| 2007-12-31 | Nkr8.24 Billion | +53.50% |
| 2006-12-31 | Nkr5.37 Billion | +210.88% |
| 2005-12-31 | Nkr1.73 Billion | +765.20% |
| 2004-12-31 | Nkr199.55 Million | +1284.72% |
| 2003-12-31 | Nkr14.41 Million | -0.95% |
| 2002-12-31 | Nkr14.55 Million | -- |