Coretec Group Inc
The Coretec Group Inc. engages in the development of silicon anode active materials for lithium-ion batteries and cyclohexasilane for electric vehicles, cleantech, and tech applications. The company was founded in 2002 and is headquartered in Ann Arbor, Michigan.
Coretec Group Inc (CRTG) - Total Assets
Latest total assets as of June 2024: $1.35 Million USD
Based on the latest financial reports, Coretec Group Inc (CRTG) holds total assets worth $1.35 Million USD as of June 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.
Coretec Group Inc - Total Assets Trend (2004–2023)
This chart illustrates how Coretec Group Inc’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
Coretec Group Inc - Asset Composition Analysis
Current Asset Composition (December 2023)
Coretec Group Inc's total assets of $1.35 Million consist of 37.3% current assets and 62.7% non-current assets.
| Asset Category | Amount (USD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | $0.00 | 29.8% |
| Accounts Receivable | $0.00 | 0.0% |
| Inventory | $0.00 | 0.0% |
| Property, Plant & Equipment | $0.00 | 0.0% |
| Intangible Assets | $824.35K | 46.8% |
| Goodwill | $166.00K | 9.4% |
Asset Composition Trend (2004–2023)
This chart illustrates how Coretec 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: Coretec Group Inc's current assets represent 37.3% of total assets in 2023, a decrease from 100.0% in 2004.
- Cash Position: Cash and equivalents constituted 29.8% of total assets in 2023, down from 100.0% in 2004.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 55.0% of total assets, an increase from 0.0% in 2004.
- Asset Diversification: The largest asset category is intangible assets at 46.8% of total assets.
Coretec Group Inc Competitors by Total Assets
Key competitors of Coretec Group Inc based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
Shenzhen Kaifa Technology Co Ltd
SHE:000021
|
China | CN¥27.56 Billion |
|
China Greatwall Computer Shenzhen Co Ltd
SHE:000066
|
China | CN¥31.88 Billion |
|
TPV Technology Co Ltd
SHE:000727
|
China | CN¥37.34 Billion |
|
Willowglen MSC Bhd
KLSE:0008
|
Malaysia | RM223.47 Million |
|
Inspur Electronic Info Industr
SHE:000977
|
China | CN¥109.33 Billion |
|
JWIPC Technology Co Ltd
SHE:001339
|
China | CN¥5.78 Billion |
|
Shandong Senter Electn Co Ltd
SHE:001388
|
China | CN¥2.09 Billion |
|
Ninestar Corp
SHE:002180
|
China | CN¥17.55 Billion |
Coretec 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 - Coretec Group Inc generates 0.00x its asset value in annual revenue.
Return on Assets (ROA)
Measures how efficiently a company uses its assets to generate profits
Negative ROA - Coretec Group Inc is currently not profitable relative to its asset base.
Coretec 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 | 0.18 | 4.71 | 0.03 |
| Quick Ratio | 0.18 | 4.71 | 0.03 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | $-1.31 Million | $ 1.17 Million | $ -3.41 Million |
Coretec Group Inc - Advanced Valuation Insights
This section examines the relationship between Coretec 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 | 18.56 |
| Latest Market Cap to Assets Ratio | 0.06 |
| Asset Growth Rate (YoY) | -51.4% |
| Total Assets | $1.76 Million |
| Market Capitalization | $111.81K USD |
Valuation Analysis
Below Book Valuation: The market values Coretec Group Inc's assets below their book value (0.06 x), which may indicate investor concerns about asset quality or future growth.
Significant Asset Reduction: Coretec Group Inc's assets decreased by 51.4% over the past year, potentially indicating divestiture, restructuring, or challenging business conditions.
Annual Total Assets for Coretec Group Inc (2004–2023)
The table below shows the annual total assets of Coretec Group Inc from 2004 to 2023.
| Year | Total Assets | Change |
|---|---|---|
| 2023-12-31 | $1.76 Million | -51.37% |
| 2022-12-31 | $3.62 Million | -32.42% |
| 2021-12-31 | $5.36 Million | +270.55% |
| 2020-12-31 | $1.45 Million | -0.67% |
| 2019-12-31 | $1.46 Million | +1.82% |
| 2018-12-31 | $1.43 Million | -27.62% |
| 2017-12-31 | $1.98 Million | +22.51% |
| 2016-12-31 | $1.61 Million | +4539.68% |
| 2015-12-31 | $34.76K | -39.10% |
| 2014-12-31 | $57.07K | -49.25% |
| 2013-12-31 | $112.46K | +13.61% |
| 2012-12-31 | $98.98K | +20.38% |
| 2011-12-31 | $82.22K | -80.14% |
| 2010-12-31 | $413.99K | +536.25% |
| 2009-12-31 | $65.07K | -61.80% |
| 2008-12-31 | $170.34K | -79.49% |
| 2007-12-31 | $830.54K | +167.92% |
| 2006-12-31 | $310.00K | +106.67% |
| 2005-12-31 | $150.00K | +1400.00% |
| 2004-12-31 | $10.00K | -- |