POSaBIT Systems Corp
POSaBIT Systems Corporation operates as a financial infrastructure provider to the Cannabis sector in the United States. It provides point-of-sale (POS) software as a service and cashless payment services for cannabis retailers; and sells and installs of payment terminals. The company also offers license of technology and support services, as well as rents and sells of hardware related to its pay… Read more
POSaBIT Systems Corp (POSAF) - Total Assets
Latest total assets as of September 2025: $5.90 Million USD
Based on the latest financial reports, POSaBIT Systems Corp (POSAF) holds total assets worth $5.90 Million USD 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.
POSaBIT Systems Corp - Total Assets Trend (2016–2024)
This chart illustrates how POSaBIT Systems Corp’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
POSaBIT Systems Corp - Asset Composition Analysis
Current Asset Composition (December 2024)
POSaBIT Systems Corp's total assets of $5.90 Million consist of 65.8% current assets and 34.2% non-current assets.
| Asset Category | Amount (USD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | $0.00 | 11.6% |
| Accounts Receivable | $851.77K | 9.9% |
| Inventory | $100.06K | 1.2% |
| Property, Plant & Equipment | $0.00 | 0.0% |
| Intangible Assets | $0.00 | 0.0% |
| Goodwill | $0.00 | 0.0% |
Asset Composition Trend (2016–2024)
This chart illustrates how POSaBIT Systems Corp'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: POSaBIT Systems Corp's current assets represent 65.8% of total assets in 2024, an increase from 36.6% in 2016.
- Cash Position: Cash and equivalents constituted 11.6% of total assets in 2024, down from 21.7% in 2016.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 0.0% of total assets, a decrease from 63.0% in 2016.
- Asset Diversification: The largest asset category is accounts receivable at 9.9% of total assets.
POSaBIT Systems Corp Competitors by Total Assets
Key competitors of POSaBIT Systems Corp based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
Alpha Modus Holdings, Inc
NASDAQ:AMOD
|
USA | $403.26K |
|
Opter AB
ST:OPTER
|
Sweden | Skr42.72 Million |
|
TurnKey Capital Inc
PINK:TKCI
|
USA | $870.80 Million |
|
Digital China Information Service Co Ltd
SHE:000555
|
China | CN¥13.60 Billion |
|
Fujian Newland Computer Co Ltd
SHE:000997
|
China | CN¥13.83 Billion |
|
YGSOFT Inc
SHE:002063
|
China | CN¥4.58 Billion |
|
Dhc Software Co Ltd
SHE:002065
|
China | CN¥25.81 Billion |
|
Zhejiang Netsun Co Ltd
SHE:002095
|
China | CN¥1.57 Billion |
POSaBIT Systems Corp - 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
Strong asset utilization - POSaBIT Systems Corp generates 1.78x its asset value in annual revenue.
Return on Assets (ROA)
Measures how efficiently a company uses its assets to generate profits
Negative ROA - POSaBIT Systems Corp is currently not profitable relative to its asset base.
POSaBIT Systems Corp - 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 | 2.67 | 1.40 | 0.60 |
| Quick Ratio | 2.62 | 1.36 | 0.59 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | $3.68 Million | $ 1.78 Million | $ -2.24 Million |
POSaBIT Systems Corp - Advanced Valuation Insights
This section examines the relationship between POSaBIT Systems Corp'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 | 4.50 |
| Latest Market Cap to Assets Ratio | 0.71 |
| Asset Growth Rate (YoY) | -34.6% |
| Total Assets | $8.60 Million |
| Market Capitalization | $6.07 Million USD |
Valuation Analysis
Below Book Valuation: The market values POSaBIT Systems Corp's assets below their book value (0.71 x), which may indicate investor concerns about asset quality or future growth.
Significant Asset Reduction: POSaBIT Systems Corp's assets decreased by 34.6% over the past year, potentially indicating divestiture, restructuring, or challenging business conditions.
Annual Total Assets for POSaBIT Systems Corp (2016–2024)
The table below shows the annual total assets of POSaBIT Systems Corp from 2016 to 2024.
| Year | Total Assets | Change |
|---|---|---|
| 2024-12-31 | $8.60 Million | -34.63% |
| 2023-12-31 | $13.16 Million | -26.87% |
| 2022-12-31 | $18.00 Million | +127.70% |
| 2021-12-31 | $7.90 Million | +114.44% |
| 2020-12-31 | $3.69 Million | +82.26% |
| 2019-12-31 | $2.02 Million | +1427.56% |
| 2018-12-31 | $132.38K | +62.37% |
| 2017-12-31 | $81.53K | -41.97% |
| 2016-12-31 | $140.49K | -- |