Norcod As
Norcod AS engages in the farming, production, operation, distribution, marketing, and sale of farmed cod products in Norway and internationally. The company was incorporated in 2018 and is headquartered in Trondheim, Norway.
Norcod As (NCOD) - Total Assets
Latest total assets as of June 2025: Nkr547.37 Million NOK
Based on the latest financial reports, Norcod As (NCOD) holds total assets worth Nkr547.37 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.
Norcod As - Total Assets Trend (2018–2024)
This chart illustrates how Norcod As’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
Norcod As - Asset Composition Analysis
Current Asset Composition (December 2024)
Norcod As's total assets of Nkr547.37 Million consist of 49.4% current assets and 50.6% non-current assets.
| Asset Category | Amount (NOK) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | Nkr22.53 Million | 2.9% |
| Accounts Receivable | Nkr32.72 Million | 4.9% |
| Inventory | Nkr13.24 Million | 2.0% |
| Property, Plant & Equipment | Nkr339.06 Million | 50.3% |
| Intangible Assets | Nkr2.00 Million | 0.3% |
| Goodwill | Nkr0.00 | 0.0% |
Asset Composition Trend (2018–2024)
This chart illustrates how Norcod 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: Norcod As's current assets represent 49.4% of total assets in 2024, a decrease from 100.0% in 2018.
- Cash Position: Cash and equivalents constituted 2.9% of total assets in 2024, up from 0.0% in 2018.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 0.0% of total assets, unchanged from 0.0% in 2018.
- Asset Diversification: The largest asset category is property, plant & equipment at 50.3% of total assets.
Norcod As Competitors by Total Assets
Key competitors of Norcod As based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
Riverview Rubber Estates Bhd
KLSE:2542
|
Malaysia | RM406.55 Million |
|
ShenZhen Kondarl Group Co Ltd
SHE:000048
|
China | CN¥10.49 Billion |
|
Hunan Zhenghong Science and Technology Develop Co Ltd
SHE:000702
|
China | CN¥505.58 Million |
|
Hefei Fengle Seed Co Ltd
SHE:000713
|
China | CN¥3.52 Billion |
|
Luoniushan Co Ltd
SHE:000735
|
China | CN¥10.05 Billion |
|
New Hope Liuhe Co Ltd
SHE:000876
|
China | CN¥116.87 Billion |
|
Yuan Longping High-tech Agriculture Co Ltd
SHE:000998
|
China | CN¥25.48 Billion |
|
Dongrui Food Group Co Ltd
SHE:001201
|
China | CN¥6.21 Billion |
Norcod 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
Moderate asset utilization - Norcod As generates 0.59x its asset value in annual revenue.
Return on Assets (ROA)
Measures how efficiently a company uses its assets to generate profits
Negative ROA - Norcod As is currently not profitable relative to its asset base.
Norcod 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 | 1.00 | 1.39 | 2.03 |
| Quick Ratio | 0.13 | 0.30 | 1.12 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | Nkr-690.00K | Nkr 94.48 Million | Nkr 99.20 Million |
Norcod As - Advanced Valuation Insights
This section examines the relationship between Norcod 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 | 3.87 |
| Latest Market Cap to Assets Ratio | 0.02 |
| Asset Growth Rate (YoY) | -3.0% |
| Total Assets | Nkr673.98 Million |
| Market Capitalization | $13.16 Million USD |
Valuation Analysis
Below Book Valuation: The market values Norcod As's assets below their book value (0.02 x), which may indicate investor concerns about asset quality or future growth.
Slight Asset Contraction: Norcod As's assets decreased by 3.0% over the past year, which may reflect streamlining or optimization of resources.
Annual Total Assets for Norcod As (2018–2024)
The table below shows the annual total assets of Norcod As from 2018 to 2024.
| Year | Total Assets | Change |
|---|---|---|
| 2024-12-31 | Nkr673.98 Million | -3.00% |
| 2023-12-31 | Nkr694.79 Million | +28.23% |
| 2022-12-31 | Nkr541.85 Million | -7.90% |
| 2021-12-31 | Nkr588.33 Million | +28.23% |
| 2020-12-31 | Nkr458.82 Million | +1150.59% |
| 2019-12-31 | Nkr36.69 Million | +122193.33% |
| 2018-12-31 | Nkr30.00K | -- |