Coil Tubing Technology Inc
Coil Tubing Technology, Inc., a coil tubing company, focuses on the development, marketing, and rental of advanced tools and related technical solutions for use with coil tubing and jointed pipe in the bottom hole assembly for the exploration and production of hydrocarbons worldwide. The company's products include jar accelerator, extended reach, bi-directional jar, jet hammer, jet motor, spinnin… Read more
Coil Tubing Technology Inc (CTBG) - Total Assets
Latest total assets as of September 2015: $9.81 Million USD
Based on the latest financial reports, Coil Tubing Technology Inc (CTBG) holds total assets worth $9.81 Million USD as of September 2015.
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.
Coil Tubing Technology Inc - Total Assets Trend (1999–2015)
This chart illustrates how Coil Tubing Technology Inc’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
Coil Tubing Technology Inc - Asset Composition Analysis
Current Asset Composition (June 2015)
Coil Tubing Technology Inc's total assets of $9.81 Million consist of 29.6% current assets and 70.4% non-current assets.
| Asset Category | Amount (USD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | $0.00 | 10.6% |
| Accounts Receivable | $2.10 Million | 17.4% |
| Inventory | $0.00 | 0.0% |
| Property, Plant & Equipment | $3.90 Million | 32.3% |
| Intangible Assets | $4.60 Million | 38.1% |
| Goodwill | $0.00 | 0.0% |
Asset Composition Trend (1999–2015)
This chart illustrates how Coil Tubing Technology 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: Coil Tubing Technology Inc's current assets represent 29.6% of total assets in 2015, a decrease from 55.8% in 1999.
- Cash Position: Cash and equivalents constituted 10.6% of total assets in 2015, up from 0.3% in 1999.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 38.0% of total assets, an increase from 0.0% in 1999.
- Asset Diversification: The largest asset category is intangible assets at 38.1% of total assets.
Coil Tubing Technology Inc Competitors by Total Assets
Key competitors of Coil Tubing Technology Inc based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
Xinjiang Zhundong Petroleum
SHE:002207
|
China | CN¥399.19 Million |
|
Yantai Jereh Oilfield Services Group Co Ltd
SHE:002353
|
China | CN¥38.08 Billion |
|
China Oil HBP Science & Technology Co Ltd
SHE:002554
|
China | CN¥5.76 Billion |
|
Zhejiang Renzhi Co Ltd
SHE:002629
|
China | CN¥269.97 Million |
|
Reservoir Link Energy Bhd
KLSE:0219
|
Malaysia | RM215.28 Million |
|
Ocean Vantage Holdings Bhd
KLSE:0220
|
Malaysia | RM108.28 Million |
|
Aker Solutions OL
F:1AKA
|
Germany | €38.35 Billion |
|
Prime Oil Chemical Service Corp
TW:2904
|
Taiwan | NT$1.82 Billion |
Coil Tubing Technology 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 - Coil Tubing Technology Inc generates 0.57x its asset value in annual revenue.
Return on Assets (ROA)
Measures how efficiently a company uses its assets to generate profits
Negative ROA - Coil Tubing Technology Inc is currently not profitable relative to its asset base.
Coil Tubing Technology 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 | 2.82 | 3.69 | 4.45 |
| Quick Ratio | 2.82 | 3.69 | 4.45 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | $882.00K | $ 2.52 Million | $ 2.35 Million |
Coil Tubing Technology Inc - Advanced Valuation Insights
This section examines the relationship between Coil Tubing Technology 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 | 0.38 |
| Latest Market Cap to Assets Ratio | 0.00 |
| Asset Growth Rate (YoY) | 44.2% |
| Total Assets | $12.08 Million |
| Market Capitalization | $1.84 USD |
Valuation Analysis
Below Book Valuation: The market values Coil Tubing Technology Inc's assets below their book value (0.00 x), which may indicate investor concerns about asset quality or future growth.
Rapid Asset Growth: Coil Tubing Technology Inc's assets grew by 44.2% over the past year, indicating significant expansion of the company's resource base.
Annual Total Assets for Coil Tubing Technology Inc (1999–2015)
The table below shows the annual total assets of Coil Tubing Technology Inc from 1999 to 2015.
| Year | Total Assets | Change |
|---|---|---|
| 2015-06-30 | $12.08 Million | +44.20% |
| 2014-06-30 | $8.38 Million | +1.03% |
| 2013-06-30 | $8.29 Million | +17.74% |
| 2012-06-30 | $7.04 Million | +999.12% |
| 2002-06-30 | $640.69K | -0.05% |
| 2001-12-31 | $641.00K | -20.63% |
| 2001-06-30 | $807.61K | -11.00% |
| 2000-06-30 | $907.38K | +491.75% |
| 1999-06-30 | $153.34K | -- |