ABCO Energy Inc
ABCO Energy, Inc., together with its subsidiaries, operates as an electrical product and services supplier in the United States. The company sells and installs solar photovoltaic electric systems that allow customers to produce power on their residence or business property. It also sells and installs energy efficient lighting products, solar powered streetlights, and lighting accessories to resid… Read more
ABCO Energy Inc (ABCE) - Total Assets
Latest total assets as of March 2023: $1.13 Million USD
Based on the latest financial reports, ABCO Energy Inc (ABCE) holds total assets worth $1.13 Million USD as of March 2023.
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.
ABCO Energy Inc - Total Assets Trend (2013–2022)
This chart illustrates how ABCO Energy Inc’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
ABCO Energy Inc - Asset Composition Analysis
Current Asset Composition (December 2022)
ABCO Energy Inc's total assets of $1.13 Million consist of 64.9% current assets and 35.1% non-current assets.
| Asset Category | Amount (USD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | $0.00 | 1.8% |
| Accounts Receivable | $711.67K | 63.1% |
| Inventory | $-617.55K | -54.8% |
| Property, Plant & Equipment | $391.90K | 34.8% |
| Intangible Assets | $0.00 | 0.0% |
| Goodwill | $0.00 | 0.0% |
Asset Composition Trend (2013–2022)
This chart illustrates how ABCO Energy 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: ABCO Energy Inc's current assets represent 64.9% of total assets in 2022, a decrease from 77.3% in 2013.
- Cash Position: Cash and equivalents constituted 1.8% of total assets in 2022, down from 33.6% in 2013.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 0.0% of total assets, unchanged from 0.0% in 2013.
- Asset Diversification: The largest asset category is accounts receivable at 63.1% of total assets.
ABCO Energy Inc Competitors by Total Assets
Key competitors of ABCO Energy Inc based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
Shenzhen Topraysolar Co Ltd
SHE:002218
|
China | CN¥6.66 Billion |
|
JA Solar Technology Co Ltd
SHE:002459
|
China | CN¥105.38 Billion |
|
GCL System Integration Technology Co Ltd
SHE:002506
|
China | CN¥19.27 Billion |
|
Changzhou Almaden Co Ltd
SHE:002623
|
China | CN¥5.75 Billion |
|
Hainan Drinda Automotive Trim Co Ltd
SHE:002865
|
China | CN¥18.01 Billion |
|
Hanwha Solutions
KO:009830
|
Korea | ₩32.26 Trillion |
|
Hanwha Chemical Corp Pref
KO:009835
|
Korea | ₩32.26 Trillion |
|
Trive Property Group Bhd
KLSE:0118
|
Malaysia | RM126.77 Million |
ABCO Energy 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 - ABCO Energy Inc generates 1.76x its asset value in annual revenue.
Return on Assets (ROA)
Measures how efficiently a company uses its assets to generate profits
Negative ROA - ABCO Energy Inc is currently not profitable relative to its asset base.
ABCO Energy 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 | 0.31 | 0.19 | 0.05 |
| Quick Ratio | 0.58 | 0.33 | 0.01 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | $-1.60 Million | $ -1.64 Million | $ -846.07K |
ABCO Energy Inc - Advanced Valuation Insights
This section examines the relationship between ABCO Energy 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 | - |
| Latest Market Cap to Assets Ratio | 0.01 |
| Asset Growth Rate (YoY) | 51.1% |
| Total Assets | $1.13 Million |
| Market Capitalization | $11.90K USD |
Valuation Analysis
Below Book Valuation: The market values ABCO Energy Inc's assets below their book value (0.01 x), which may indicate investor concerns about asset quality or future growth.
Rapid Asset Growth: ABCO Energy Inc's assets grew by 51.1% over the past year, indicating significant expansion of the company's resource base.
Annual Total Assets for ABCO Energy Inc (2013–2022)
The table below shows the annual total assets of ABCO Energy Inc from 2013 to 2022.
| Year | Total Assets | Change |
|---|---|---|
| 2022-12-31 | $1.13 Million | +51.12% |
| 2021-12-31 | $745.84K | -8.42% |
| 2020-12-31 | $814.37K | +9.97% |
| 2019-12-31 | $740.56K | +60.71% |
| 2018-12-31 | $460.81K | +265.49% |
| 2017-12-31 | $126.08K | -64.80% |
| 2016-12-31 | $358.23K | -19.11% |
| 2015-12-31 | $442.87K | +39.54% |
| 2014-12-31 | $317.38K | +15.81% |
| 2013-12-31 | $274.06K | -- |