Volatus Aerospace Corp
Volatus Aerospace Corp. provides integrated drone solutions for commercial and defense markets in Canada, the United States, and the United Kingdom. The company offers drone services, aerial surveillance, cargo solutions, confined space inspection, drone lidar inspection, drone inspection, and wildfire services. It also operates Aerieport drone nesting station, as well as engages in equipment fin… Read more
Volatus Aerospace Corp (VLTTF) - Total Assets
Latest total assets as of June 2024: $24.92 Million USD
Based on the latest financial reports, Volatus Aerospace Corp (VLTTF) holds total assets worth $24.92 Million USD as of June 2024.
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.
Volatus Aerospace Corp - Total Assets Trend (2019–2023)
This chart illustrates how Volatus Aerospace Corp’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
Volatus Aerospace Corp - Asset Composition Analysis
Current Asset Composition (December 2023)
Volatus Aerospace Corp's total assets of $24.92 Million consist of 39.1% current assets and 60.9% non-current assets.
| Asset Category | Amount (USD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | $0.00 | 6.3% |
| Accounts Receivable | $3.51 Million | 13.1% |
| Inventory | $2.98 Million | 11.1% |
| Property, Plant & Equipment | $0.00 | 0.0% |
| Intangible Assets | $4.77 Million | 17.7% |
| Goodwill | $963.60K | 3.6% |
Asset Composition Trend (2019–2023)
This chart illustrates how Volatus Aerospace 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: Volatus Aerospace Corp's current assets represent 39.1% of total assets in 2023, a decrease from 100.0% in 2019.
- Cash Position: Cash and equivalents constituted 6.3% of total assets in 2023, down from 100.0% in 2019.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 20.0% of total assets, an increase from 0.0% in 2019.
- Asset Diversification: The largest asset category is intangible assets at 17.7% of total assets.
Volatus Aerospace Corp Competitors by Total Assets
Key competitors of Volatus Aerospace Corp based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
Shaanxi Ligeance Mineral Resources Co Ltd
SHE:000697
|
China | CN¥3.92 Billion |
|
Aecc Aero Engine Control Co Ltd
SHE:000738
|
China | CN¥16.46 Billion |
|
Zhejiang XiaSha Precision
SHE:001316
|
China | CN¥1.42 Billion |
|
Sichuan Haite High-tech Co Ltd
SHE:002023
|
China | CN¥6.80 Billion |
|
Aerospace CH UAV Co Ltd
SHE:002389
|
China | CN¥10.31 Billion |
|
Kuang Chi Technologies Co Ltd
SHE:002625
|
China | CN¥11.38 Billion |
|
Beijing Emerging Eastern Aviation Equipment Co Ltd Class A
SHE:002933
|
China | CN¥2.40 Billion |
|
Beijing Bei Mo Gao Ke Friction Mate
SHE:002985
|
China | CN¥3.82 Billion |
Volatus Aerospace 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 - Volatus Aerospace Corp generates 1.30x its asset value in annual revenue.
Return on Assets (ROA)
Measures how efficiently a company uses its assets to generate profits
Negative ROA - Volatus Aerospace Corp is currently not profitable relative to its asset base.
Volatus Aerospace 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 | 0.59 | 1.42 | 1.20 |
| Quick Ratio | 0.42 | 1.03 | 1.03 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | $-6.66 Million | $ 3.54 Million | $ 66.39K |
Volatus Aerospace Corp - Advanced Valuation Insights
This section examines the relationship between Volatus Aerospace 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 | 57.06 |
| Latest Market Cap to Assets Ratio | 0.17 |
| Asset Growth Rate (YoY) | -20.0% |
| Total Assets | $26.88 Million |
| Market Capitalization | $4.56 Million USD |
Valuation Analysis
Below Book Valuation: The market values Volatus Aerospace Corp's assets below their book value (0.17 x), which may indicate investor concerns about asset quality or future growth.
Significant Asset Reduction: Volatus Aerospace Corp's assets decreased by 20.0% over the past year, potentially indicating divestiture, restructuring, or challenging business conditions.
Annual Total Assets for Volatus Aerospace Corp (2019–2023)
The table below shows the annual total assets of Volatus Aerospace Corp from 2019 to 2023.
| Year | Total Assets | Change |
|---|---|---|
| 2023-12-31 | $26.88 Million | -20.04% |
| 2022-12-31 | $33.61 Million | +48.27% |
| 2021-12-31 | $22.67 Million | +275.71% |
| 2020-12-31 | $6.03 Million | +2706.56% |
| 2019-12-31 | $214.98K | -- |