Emergence Global Enterprises Inc
Emergence Global Enterprises Inc. develops and distributes natural health foods, supplements, and sports nutrition specialty supplements in North America. The company was formerly known as Velocity Data Inc. and changed its name to Emergence Global Enterprises Inc. in February 2020. Emergence Global Enterprises Inc. was incorporated in 2011 and is based in Vancouver, Canada.
Emergence Global Enterprises Inc (ELOAF) - Total Assets
Latest total assets as of July 2022: $7.31 Million USD
Based on the latest financial reports, Emergence Global Enterprises Inc (ELOAF) holds total assets worth $7.31 Million USD as of July 2022.
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.
Emergence Global Enterprises Inc - Total Assets Trend (2017–2021)
This chart illustrates how Emergence Global Enterprises Inc’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
Emergence Global Enterprises Inc - Asset Composition Analysis
Current Asset Composition (October 2021)
Emergence Global Enterprises Inc's total assets of $7.31 Million consist of 19.3% current assets and 80.7% non-current assets.
| Asset Category | Amount (USD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | $0.00 | 4.1% |
| Accounts Receivable | $87.37K | 1.7% |
| Inventory | $520.86K | 10.3% |
| Property, Plant & Equipment | $142.28K | 2.8% |
| Intangible Assets | $0.00 | 0.0% |
| Goodwill | $3.94 Million | 77.9% |
Asset Composition Trend (2017–2021)
This chart illustrates how Emergence Global Enterprises Inc'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: Emergence Global Enterprises Inc's current assets represent 19.3% of total assets in 2021, a decrease from 100.0% in 2017.
- Cash Position: Cash and equivalents constituted 4.1% of total assets in 2021, down from 66.5% in 2017.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 77.0% of total assets, an increase from 0.0% in 2017.
- Asset Diversification: The largest asset category is goodwill at 77.9% of total assets.
Emergence Global Enterprises Inc Competitors by Total Assets
Key competitors of Emergence Global Enterprises Inc based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
General Mills Inc
NYSE:GIS
|
USA | $32.55 Billion |
|
B&G Foods Inc
NYSE:BGS
|
USA | $2.94 Billion |
|
Tangrenshen Group Co Ltd
SHE:002567
|
China | CN¥17.90 Billion |
|
Shenzhen Shenbao Industrial Co Ltd
SHE:000019
|
China | CN¥7.01 Billion |
|
Xiwang Foodstuffs Co Ltd
SHE:000639
|
China | CN¥6.08 Billion |
|
Nanfang Black Sesame Group Co Ltd
SHE:000716
|
China | CN¥4.57 Billion |
|
CNFC Overseas Fishery Co Ltd
SHE:000798
|
China | CN¥5.88 Billion |
|
Henan Shuanghui Investment & Development Co Ltd
SHE:000895
|
China | CN¥40.64 Billion |
Emergence Global Enterprises Inc - 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 - Emergence Global Enterprises Inc generates 0.38x its asset value in annual revenue.
Return on Assets (ROA)
Measures how efficiently a company uses its assets to generate profits
Negative ROA - Emergence Global Enterprises Inc is currently not profitable relative to its asset base.
Emergence Global Enterprises Inc - 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 | 0.37 | 0.42 | 0.00 |
| Quick Ratio | 0.14 | 0.11 | 0.00 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | $-1.05 Million | $ -1.21 Million | $ -7.31 Million |
Emergence Global Enterprises Inc - Advanced Valuation Insights
This section examines the relationship between Emergence Global Enterprises Inc'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 | 0.18 |
| Latest Market Cap to Assets Ratio | 0.10 |
| Asset Growth Rate (YoY) | 150646.4% |
| Total Assets | $5.06 Million |
| Market Capitalization | $482.15K USD |
Valuation Analysis
Below Book Valuation: The market values Emergence Global Enterprises Inc's assets below their book value (0.10 x), which may indicate investor concerns about asset quality or future growth.
Rapid Asset Growth: Emergence Global Enterprises Inc's assets grew by 150646.4% over the past year, indicating significant expansion of the company's resource base.
Annual Total Assets for Emergence Global Enterprises Inc (2017–2021)
The table below shows the annual total assets of Emergence Global Enterprises Inc from 2017 to 2021.
| Year | Total Assets | Change |
|---|---|---|
| 2021-10-31 | $5.06 Million | +150646.38% |
| 2020-10-31 | $3.35K | +84.54% |
| 2019-10-31 | $1.82K | -84.68% |
| 2018-10-31 | $11.87K | -14.45% |
| 2017-10-31 | $13.87K | -- |