Otovo AS (OTOVO) - Total Assets
Based on the latest financial reports, Otovo AS (OTOVO) holds total assets worth Nkr553.98 Million NOK (≈ $58.29 Million USD) 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.
Otovo AS - Total Assets Trend (2017–2024)
This chart illustrates how Otovo AS's total assets have evolved over time, based on quarterly financial data. Also see how much is Otovo AS worth for the company's overall valuation and market capitalisation.
Otovo AS - Asset Composition Analysis
Current Asset Composition (December 2024)
Otovo AS's total assets of Nkr553.98 Million consist of 25.9% current assets and 74.1% non-current assets. Review Otovo AS (OTOVO) total liabilities to assess the company's total debt and financial obligations.
| Asset Category | Amount (NOK) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | Nkr183.11 Million | 16.2% |
| Accounts Receivable | Nkr45.48 Million | 4.1% |
| Inventory | Nkr1.33 Million | 0.1% |
| Property, Plant & Equipment | Nkr520.32 Million | 46.7% |
| Intangible Assets | Nkr90.45 Million | 8.1% |
| Goodwill | Nkr169.56 Million | 15.2% |
Asset Composition Trend (2017–2024)
This chart illustrates how Otovo 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. See today's stock price for Otovo AS for real-time trading data and today's change.
Key Asset Composition Facts
- Current vs. Non-Current Assets: Otovo AS's current assets represent 25.9% of total assets in 2024, a decrease from 88.2% in 2017.
- Cash Position: Cash and equivalents constituted 16.2% of total assets in 2024, down from 77.4% in 2017.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 23.0% of total assets, an increase from 6.0% in 2017.
- Asset Diversification: The largest asset category is property, plant & equipment at 46.7% of total assets.
Otovo AS Competitors by Total Assets
Key competitors of Otovo AS based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
First Solar Inc
NASDAQ:FSLR
|
USA | $13.35 Billion |
|
GCL System Integration Technology Co Ltd
SHE:002506
|
China | CN¥16.02 Billion |
|
Hainan Drinda Automotive Trim Co Ltd
SHE:002865
|
China | CN¥16.28 Billion |
|
Websol Energy System Limited
NSE:WEBELSOLAR
|
India | Rs7.09 Billion |
|
Swelect Energy Systems Limited
NSE:SWELECTES
|
India | Rs20.83 Billion |
|
GENSOL ENGINEERING ORD (BSE)
NSE:GENSOL
|
India | Rs25.52 Billion |
|
Profithol S.A.
MC:SPH
|
Spain | €19.80 Million |
|
Mpower Group Ltd
AU:MPR
|
Australia | AU$14.99 Million |
Otovo 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 | 1.79 | 2.40 | 1.96 |
| Quick Ratio | 1.78 | 2.40 | 1.96 |
| Cash Ratio | 0.88 | 0.00 | 0.00 |
| Working Capital | Nkr116.16 Million | Nkr279.42 Million | Nkr82.30 Million |
Otovo AS - Advanced Valuation Insights
This section examines the relationship between Otovo 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 | 0.70 |
| Latest Market Cap to Assets Ratio | 0.21 |
| Asset Growth Rate (YoY) | -17.9% |
| Total Assets | Nkr1.11 Billion |
| Market Capitalization | $235.04 Million USD |
Valuation Analysis
Below Book Valuation: The market values Otovo AS's assets below their book value (0.21x), which may indicate investor concerns about asset quality or future growth.
Significant Asset Reduction: Otovo AS's assets decreased by 17.9% over the past year, potentially indicating divestiture, restructuring, or challenging business conditions.
Annual Total Assets for Otovo AS (2017–2024)
The table below shows the annual total assets of Otovo AS from 2017 to 2024.
| Year | Total Assets | Change |
|---|---|---|
| 2024-12-31 | Nkr1.11 Billion ≈ $117.27 Million |
-17.92% |
| 2023-12-31 | Nkr1.36 Billion ≈ $142.87 Million |
+44.86% |
| 2022-12-31 | Nkr937.27 Million ≈ $98.63 Million |
+41.52% |
| 2021-12-31 | Nkr662.27 Million ≈ $69.69 Million |
+154.68% |
| 2020-12-31 | Nkr260.04 Million ≈ $27.36 Million |
-27.00% |
| 2019-12-31 | Nkr356.20 Million ≈ $37.48 Million |
+139.65% |
| 2018-12-31 | Nkr148.63 Million ≈ $15.64 Million |
+93.18% |
| 2017-12-31 | Nkr76.94 Million ≈ $8.10 Million |
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About Otovo AS
Otovo ASA, together with its subsidiaries, operates an online marketplace for solar installations in Norway. It operates through two segments, Marketplace and Subscription SPV. The company develops and manages an online sales platform, which provides subscription for solar panel installations and related products for private households. It operates in Europe, Norway, Sweden, Poland, Italy, German… Read more