Wellfield Technologies Inc.
Wellfield Technologies Inc., together with its subsidiaries, engages in the development of blockchain and decentralized financial services for institutions and consumers. The company operates platforms that provides users to buy and sell cryptocurrencies. It offers its products under the Coinmama, Wellfield Capital, and Wellfield Gold brands. Wellfield Technologies Inc. was incorporated in 2021 a… Read more
Wellfield Technologies Inc. (WFLDF) - Total Assets
Latest total assets as of December 2024: $16.01 Million USD
Based on the latest financial reports, Wellfield Technologies Inc. (WFLDF) holds total assets worth $16.01 Million USD as of December 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.
Wellfield Technologies Inc. - Total Assets Trend (2019–2023)
This chart illustrates how Wellfield Technologies Inc.’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
Wellfield Technologies Inc. - Asset Composition Analysis
Current Asset Composition (December 2023)
Wellfield Technologies Inc.'s total assets of $16.01 Million consist of 10.7% current assets and 89.3% non-current assets.
| Asset Category | Amount (USD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | $0.00 | 0.2% |
| Accounts Receivable | $53.38K | 0.3% |
| Inventory | $28.15K | 0.2% |
| Property, Plant & Equipment | $0.00 | 0.0% |
| Intangible Assets | $5.64 Million | 33.9% |
| Goodwill | $9.11 Million | 54.7% |
Asset Composition Trend (2019–2023)
This chart illustrates how Wellfield Technologies 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: Wellfield Technologies Inc.'s current assets represent 10.7% of total assets in 2023, a decrease from 110.3% in 2019.
- Cash Position: Cash and equivalents constituted 0.2% of total assets in 2023, up from 0.0% in 2019.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 87.0% of total assets, an increase from 0.0% in 2019.
- Asset Diversification: The largest asset category is goodwill at 54.7% of total assets.
Wellfield Technologies Inc. Competitors by Total Assets
Key competitors of Wellfield Technologies Inc. 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 |
Wellfield Technologies 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
Strong asset utilization - Wellfield Technologies Inc. generates 3.13x its asset value in annual revenue.
Return on Assets (ROA)
Measures how efficiently a company uses its assets to generate profits
Negative ROA - Wellfield Technologies Inc. is currently not profitable relative to its asset base.
Wellfield Technologies 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 | 0.07 | 0.24 | 3.00 |
| Quick Ratio | 0.07 | 0.24 | 3.00 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | $-15.96 Million | $ -7.44 Million | $ 890.08K |
Wellfield Technologies Inc. - Advanced Valuation Insights
This section examines the relationship between Wellfield Technologies 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 | 0.76 |
| Latest Market Cap to Assets Ratio | 0.09 |
| Asset Growth Rate (YoY) | -31.9% |
| Total Assets | $16.66 Million |
| Market Capitalization | $1.52 Million USD |
Valuation Analysis
Below Book Valuation: The market values Wellfield Technologies Inc.'s assets below their book value (0.09 x), which may indicate investor concerns about asset quality or future growth.
Significant Asset Reduction: Wellfield Technologies Inc.'s assets decreased by 31.9% over the past year, potentially indicating divestiture, restructuring, or challenging business conditions.
Annual Total Assets for Wellfield Technologies Inc. (2019–2023)
The table below shows the annual total assets of Wellfield Technologies Inc. from 2019 to 2023.
| Year | Total Assets | Change |
|---|---|---|
| 2023-12-31 | $16.66 Million | -31.86% |
| 2022-12-31 | $24.45 Million | -43.72% |
| 2021-12-31 | $43.45 Million | +31675.33% |
| 2020-12-31 | $136.75K | +5105.67% |
| 2019-12-31 | $2.63K | -- |