Payfare Inc
Payfare Inc., a financial technology company, provides instant payout and digital banking solutions to gig economy workers in Canada, the United States, and Mexico. The company offers PayFare, a platform that provides access to earnings, as well as banking services, such as ATM withdrawals, money transfers, payment cards, and mobile wallets; Paid Portal by Payfare, a payout solution for gig workf… Read more
Payfare Inc (PYFRF) - Total Assets
Latest total assets as of September 2024: $368.36 Million USD
Based on the latest financial reports, Payfare Inc (PYFRF) holds total assets worth $368.36 Million USD as of September 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.
Payfare Inc - Total Assets Trend (2016–2023)
This chart illustrates how Payfare Inc’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
Payfare Inc - Asset Composition Analysis
Current Asset Composition (December 2023)
Payfare Inc's total assets of $368.36 Million consist of 98.1% current assets and 1.9% non-current assets.
| Asset Category | Amount (USD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | $0.00 | 25.9% |
| Accounts Receivable | $7.00 Million | 2.3% |
| Inventory | $0.00 | 0.0% |
| Property, Plant & Equipment | $0.00 | 0.0% |
| Intangible Assets | $5.61 Million | 1.9% |
| Goodwill | $0.00 | 0.0% |
Asset Composition Trend (2016–2023)
This chart illustrates how Payfare 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: Payfare Inc's current assets represent 98.1% of total assets in 2023, an increase from 90.8% in 2016.
- Cash Position: Cash and equivalents constituted 25.9% of total assets in 2023, up from 20.6% in 2016.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 1.0% of total assets, a decrease from 9.0% in 2016.
- Asset Diversification: The largest asset category is accounts receivable at 2.3% of total assets.
Payfare Inc Competitors by Total Assets
Key competitors of Payfare Inc based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
Eastcompeace Technology Co Ltd
SHE:002017
|
China | CN¥2.97 Billion |
|
Wiscom System Co Ltd
SHE:002090
|
China | CN¥3.17 Billion |
|
Topsec Technologies Group Inc
SHE:002212
|
China | CN¥10.79 Billion |
|
Focus Technology Co Ltd
SHE:002315
|
China | CN¥4.27 Billion |
|
Beijing Venustech Inc
SHE:002439
|
China | CN¥13.16 Billion |
|
Maxvision Technology Corp
SHE:002990
|
China | CN¥3.74 Billion |
|
OpenSys M Bhd
KLSE:0040
|
Malaysia | RM129.25 Million |
|
Managepay Systems Bhd
KLSE:0156
|
Malaysia | RM86.24 Million |
Payfare 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
Moderate asset utilization - Payfare Inc generates 0.62x its asset value in annual revenue.
Return on Assets (ROA)
Measures how efficiently a company uses its assets to generate profits
Moderate ROA - For every $100 in assets, Payfare Inc generates $ 4.35 in net profit.
Payfare 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 | 1.24 | 1.28 | 1.01 |
| Quick Ratio | 1.24 | 0.31 | 1.01 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | $66.48 Million | $ 58.29 Million | $ 461.72K |
Payfare Inc - Advanced Valuation Insights
This section examines the relationship between Payfare 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 | 2.20 |
| Latest Market Cap to Assets Ratio | 0.18 |
| Asset Growth Rate (YoY) | 39.0% |
| Total Assets | $301.65 Million |
| Market Capitalization | $53.71 Million USD |
Valuation Analysis
Below Book Valuation: The market values Payfare Inc's assets below their book value (0.18 x), which may indicate investor concerns about asset quality or future growth.
Rapid Asset Growth: Payfare Inc's assets grew by 39.0% over the past year, indicating significant expansion of the company's resource base.
Annual Total Assets for Payfare Inc (2016–2023)
The table below shows the annual total assets of Payfare Inc from 2016 to 2023.
| Year | Total Assets | Change |
|---|---|---|
| 2023-12-31 | $301.65 Million | +38.96% |
| 2022-12-31 | $217.07 Million | -3.22% |
| 2021-12-31 | $224.29 Million | +607.18% |
| 2020-12-31 | $31.72 Million | -11.98% |
| 2019-12-31 | $36.03 Million | +210.65% |
| 2018-12-31 | $11.60 Million | +18.68% |
| 2017-12-31 | $9.77 Million | +1100.43% |
| 2016-12-31 | $814.20K | -- |