Splitit Payments Ltd
Splitit Payments Ltd, together with its subsidiaries, provides payment solution services in North America, the United Kingdom, Europe, and Australia. Its solution enables customers to pay for instalments with an existing credit with no applications, redirects or loans. Splitit Payments Ltd was incorporated in 2008 and is headquartered in Atlanta, Georgia.
Splitit Payments Ltd (STTTF) - Total Assets
Latest total assets as of December 2022: $103.69 Million USD
Based on the latest financial reports, Splitit Payments Ltd (STTTF) holds total assets worth $103.69 Million USD as of December 2022.
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.
Splitit Payments Ltd - Total Assets Trend (2016–2022)
This chart illustrates how Splitit Payments Ltd’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
Splitit Payments Ltd - Asset Composition Analysis
Current Asset Composition (December 2022)
Splitit Payments Ltd's total assets of $103.69 Million consist of 98.5% current assets and 1.5% non-current assets.
| Asset Category | Amount (USD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | $0.00 | 28.7% |
| Accounts Receivable | $71.11 Million | 68.6% |
| Inventory | $0.00 | 0.0% |
| Property, Plant & Equipment | $511.00K | 0.5% |
| Intangible Assets | $0.00 | 0.0% |
| Goodwill | $0.00 | 0.0% |
Asset Composition Trend (2016–2022)
This chart illustrates how Splitit Payments Ltd'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: Splitit Payments Ltd's current assets represent 98.5% of total assets in 2022, an increase from 96.5% in 2016.
- Cash Position: Cash and equivalents constituted 28.7% of total assets in 2022, up from 7.1% in 2016.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 0.0% of total assets, unchanged from 0.0% in 2016.
- Asset Diversification: The largest asset category is accounts receivable at 68.6% of total assets.
Splitit Payments Ltd Competitors by Total Assets
Key competitors of Splitit Payments Ltd 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 |
Splitit Payments Ltd - 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
Lower asset utilization - Splitit Payments Ltd generates 0.10x its asset value in annual revenue.
Return on Assets (ROA)
Measures how efficiently a company uses its assets to generate profits
Negative ROA - Splitit Payments Ltd is currently not profitable relative to its asset base.
Splitit Payments Ltd - 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 | 11.41 | 28.47 | 0.20 |
| Quick Ratio | 11.41 | 28.47 | 0.20 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | $73.33 Million | $ 88.25 Million | $ -13.20 Million |
Splitit Payments Ltd - Advanced Valuation Insights
This section examines the relationship between Splitit Payments Ltd'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 | 0.00 |
| Latest Market Cap to Assets Ratio | 0.00 |
| Asset Growth Rate (YoY) | -4.3% |
| Total Assets | $103.69 Million |
| Market Capitalization | $48.83K USD |
Valuation Analysis
Below Book Valuation: The market values Splitit Payments Ltd's assets below their book value (0.00 x), which may indicate investor concerns about asset quality or future growth.
Slight Asset Contraction: Splitit Payments Ltd's assets decreased by 4.3% over the past year, which may reflect streamlining or optimization of resources.
Annual Total Assets for Splitit Payments Ltd (2016–2022)
The table below shows the annual total assets of Splitit Payments Ltd from 2016 to 2022.
| Year | Total Assets | Change |
|---|---|---|
| 2022-12-31 | $103.69 Million | -4.33% |
| 2021-12-31 | $108.38 Million | -43.42% |
| 2020-12-31 | $191.57 Million | +648.31% |
| 2019-12-31 | $25.60 Million | +644.49% |
| 2018-12-31 | $3.44 Million | +224.40% |
| 2017-12-31 | $1.06 Million | +56.42% |
| 2016-12-31 | $677.66K | -- |