Axis Technologies Group Inc
Axis Technologies Group, Inc., through its subsidiary, Axis Technologies, Inc., designs, manufactures, and markets a range of daylight harvesting fluorescent lighting ballasts for the commercial lighting industry in North America. The company offers patented T8 Axis Daylight Harvesting Dimming Ballast, which are used to reduce the lighting energy costs. It also develops a line of dimming and dayl… Read more
Axis Technologies Group Inc (AXTG) - Total Assets
Latest total assets as of March 2024: $1.73 Million USD
Based on the latest financial reports, Axis Technologies Group Inc (AXTG) holds total assets worth $1.73 Million USD as of March 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.
Axis Technologies Group Inc - Total Assets Trend (1997–2023)
This chart illustrates how Axis Technologies Group Inc’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
Axis Technologies Group Inc - Asset Composition Analysis
Current Asset Composition (December 2023)
Axis Technologies Group Inc's total assets of $1.73 Million consist of 0.7% current assets and 99.3% non-current assets.
| Asset Category | Amount (USD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | $0.00 | 0.0% |
| Accounts Receivable | $0.00 | 0.0% |
| Inventory | $0.00 | 0.0% |
| Property, Plant & Equipment | $0.00 | 0.0% |
| Intangible Assets | $0.00 | 0.0% |
| Goodwill | $0.00 | 0.0% |
Asset Composition Trend (1997–2023)
This chart illustrates how Axis Technologies Group 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: Axis Technologies Group Inc's current assets represent 0.7% of total assets in 2023, a decrease from 42.9% in 1997.
- Cash Position: Cash and equivalents constituted 0.0% of total assets in 2023, down from 42.9% in 1997.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 0.0% of total assets, unchanged from 0.0% in 1997.
- Asset Diversification: The largest asset category is goodwill at 0.0% of total assets.
Axis Technologies Group Inc Competitors by Total Assets
Key competitors of Axis Technologies Group Inc based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
Value Capital One Ltd
TA:PLTF
|
Israel | ILA42.86 Million |
|
Shenwan Hongyuan Group Co Ltd
SHE:000166
|
China | CN¥721.97 Billion |
|
Northeast Securities Co Ltd
SHE:000686
|
China | CN¥110.06 Billion |
|
Guangdong Golden Dragon Development Inc
SHE:000712
|
China | CN¥22.93 Billion |
|
Sealand Securities Co Ltd
SHE:000750
|
China | CN¥74.96 Billion |
|
GF Securities Co Ltd
SHE:000776
|
China | CN¥953.44 Billion |
|
Changjiang Securities Co Ltd
SHE:000783
|
China | CN¥191.54 Billion |
|
Eugene Inv&Sec
KO:001200
|
Korea | ₩10.26 Trillion |
Axis Technologies Group 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
Lower asset utilization - Axis Technologies Group Inc generates 0.05x its asset value in annual revenue.
Return on Assets (ROA)
Measures how efficiently a company uses its assets to generate profits
Negative ROA - Axis Technologies Group Inc is currently not profitable relative to its asset base.
Axis Technologies Group 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 | 0.03 | 0.03 | 9.50 |
| Quick Ratio | 0.03 | 0.03 | 9.50 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | $-390.30K | $ -330.12K | $ 1.70 Million |
Axis Technologies Group Inc - Advanced Valuation Insights
This section examines the relationship between Axis Technologies Group 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 | 0.00 |
| Asset Growth Rate (YoY) | 0.0% |
| Total Assets | $1.73 Million |
| Market Capitalization | $3.97 USD |
Valuation Analysis
Below Book Valuation: The market values Axis Technologies Group Inc's assets below their book value (0.00 x), which may indicate investor concerns about asset quality or future growth.
Slight Asset Contraction: Axis Technologies Group Inc's assets decreased by 0.0% over the past year, which may reflect streamlining or optimization of resources.
Annual Total Assets for Axis Technologies Group Inc (1997–2023)
The table below shows the annual total assets of Axis Technologies Group Inc from 1997 to 2023.
| Year | Total Assets | Change |
|---|---|---|
| 2023-12-31 | $1.73 Million | +0.03% |
| 2022-12-31 | $1.73 Million | +350532.27% |
| 2021-12-31 | $494.25 | -99.88% |
| 2009-12-31 | $411.40K | -46.03% |
| 2008-12-31 | $762.29K | +58.66% |
| 2007-12-31 | $480.45K | -16.33% |
| 2006-12-31 | $574.21K | -58.07% |
| 1999-12-31 | $1.37 Million | -49.28% |
| 1998-12-31 | $2.70 Million | +285.71% |
| 1997-12-31 | $700.00K | -- |