Converge Technology Solutions Corp
Converge Technology Solutions Corp. provides software-enabled IT and cloud solutions. Its products and services include advanced analytics, artificial intelligence (AI), application modernization, cloud platforms, cybersecurity, digital infrastructure, and digital workplace offerings. The company also provides managed services and talent services and sells hardware and software products and solut… Read more
Converge Technology Solutions Corp (CTSDF) - Total Assets
Latest total assets as of December 2024: $2.19 Billion USD
Based on the latest financial reports, Converge Technology Solutions Corp (CTSDF) holds total assets worth $2.19 Billion 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.
Converge Technology Solutions Corp - Total Assets Trend (2016–2024)
This chart illustrates how Converge Technology Solutions Corp’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
Converge Technology Solutions Corp - Asset Composition Analysis
Current Asset Composition (December 2024)
Converge Technology Solutions Corp's total assets of $2.19 Billion consist of 56.6% current assets and 43.4% non-current assets.
| Asset Category | Amount (USD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | $0.00 | 6.5% |
| Accounts Receivable | $656.95 Million | 30.1% |
| Inventory | $62.94 Million | 2.9% |
| Property, Plant & Equipment | $0.00 | 0.0% |
| Intangible Assets | $265.88 Million | 12.2% |
| Goodwill | $404.71 Million | 18.5% |
Asset Composition Trend (2016–2024)
This chart illustrates how Converge Technology Solutions 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: Converge Technology Solutions Corp's current assets represent 56.6% of total assets in 2024, a decrease from 100.0% in 2016.
- Cash Position: Cash and equivalents constituted 6.5% of total assets in 2024, down from 100.0% in 2016.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 30.0% of total assets, an increase from 0.0% in 2016.
- Asset Diversification: The largest asset category is accounts receivable at 30.1% of total assets.
Converge Technology Solutions Corp Competitors by Total Assets
Key competitors of Converge Technology Solutions Corp based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
Shijihengtong Technology Co. Ltd. A
SHE:301428
|
China | CN¥2.48 Billion |
|
ZJBC Information Technology Co Ltd
SHE:000889
|
China | CN¥889.19 Million |
|
Yunnan Nantian Electronics Information Co Ltd
SHE:000948
|
China | CN¥8.21 Billion |
|
NetX Holdings Bhd
KLSE:0020
|
Malaysia | RM111.41 Million |
|
Guomai Technologies Inc
SHE:002093
|
China | CN¥4.63 Billion |
|
Shanghai HiTech Control System
SHE:002184
|
China | CN¥3.19 Billion |
|
SZZT Electronics Co Ltd
SHE:002197
|
China | CN¥5.70 Billion |
|
Talkweb Information System Co Ltd
SHE:002261
|
China | CN¥4.24 Billion |
Converge Technology Solutions 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 - Converge Technology Solutions Corp generates 1.19x its asset value in annual revenue.
Return on Assets (ROA)
Measures how efficiently a company uses its assets to generate profits
Negative ROA - Converge Technology Solutions Corp is currently not profitable relative to its asset base.
Converge Technology Solutions 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 | 0.93 | 1.10 | 0.67 |
| Quick Ratio | 0.89 | 1.02 | 0.58 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | $-87.60 Million | $ 95.74 Million | $ -172.55 Million |
Converge Technology Solutions Corp - Advanced Valuation Insights
This section examines the relationship between Converge Technology Solutions 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 | 3.14 |
| Latest Market Cap to Assets Ratio | 0.36 |
| Asset Growth Rate (YoY) | 1.5% |
| Total Assets | $2.19 Billion |
| Market Capitalization | $790.23 Million USD |
Valuation Analysis
Below Book Valuation: The market values Converge Technology Solutions Corp's assets below their book value (0.36 x), which may indicate investor concerns about asset quality or future growth.
Positive Asset Growth: Converge Technology Solutions Corp's assets grew by 1.5% over the past year, showing continued investment in the company's operational capacity.
Annual Total Assets for Converge Technology Solutions Corp (2016–2024)
The table below shows the annual total assets of Converge Technology Solutions Corp from 2016 to 2024.
| Year | Total Assets | Change |
|---|---|---|
| 2024-12-31 | $2.19 Billion | +1.53% |
| 2023-12-31 | $2.15 Billion | -4.25% |
| 2022-12-31 | $2.25 Billion | +64.29% |
| 2021-12-31 | $1.37 Billion | +89.95% |
| 2020-12-31 | $720.62 Million | +47.40% |
| 2019-12-31 | $488.88 Million | +90.75% |
| 2018-12-31 | $256.30 Million | +135.46% |
| 2017-12-31 | $108.85 Million | +10884900.00% |
| 2016-12-31 | $1.00K | -- |