Certive Solutions Inc
Certive Solutions Inc. provides revenue cycle consultative services and solutions in the United States. It offers healthcare revenue cycle management services and management solutions. It is also involved in the selling and servicing a cybersecurity suite of products to the healthcare industry. The company was formerly known as Visual Vault Corporation and changed its name to Certive Solutions In… Read more
Certive Solutions Inc (CTVEF) - Total Assets
Latest total assets as of February 2024: $365.66K USD
Based on the latest financial reports, Certive Solutions Inc (CTVEF) holds total assets worth $365.66K USD as of February 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.
Certive Solutions Inc - Total Assets Trend (2011–2023)
This chart illustrates how Certive Solutions Inc’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
Certive Solutions Inc - Asset Composition Analysis
Current Asset Composition (May 2023)
Certive Solutions Inc's total assets of $365.66K consist of 80.0% current assets and 20.0% non-current assets.
| Asset Category | Amount (USD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | $0.00 | 15.2% |
| Accounts Receivable | $121.92K | 25.5% |
| Inventory | $137.59K | 28.8% |
| Property, Plant & Equipment | $0.00 | 0.0% |
| Intangible Assets | $13.41K | 2.8% |
| Goodwill | $0.00 | 0.0% |
Asset Composition Trend (2011–2023)
This chart illustrates how Certive Solutions 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: Certive Solutions Inc's current assets represent 80.0% of total assets in 2023, an increase from 11.9% in 2011.
- Cash Position: Cash and equivalents constituted 15.2% of total assets in 2023, up from 5.3% in 2011.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 2.0% of total assets, an increase from 0.0% in 2011.
- Asset Diversification: The largest asset category is inventory at 28.8% of total assets.
Certive Solutions Inc Competitors by Total Assets
Key competitors of Certive Solutions Inc based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
UCrest Bhd
KLSE:0005
|
Malaysia | RM48.46 Million |
|
Vanfund Urban Investment & Development Co Ltd
SHE:000638
|
China | CN¥265.74 Million |
|
BIT Computer Co. Ltd
KQ:032850
|
Korea | ₩82.38 Billion |
|
ezCaretech Co. LTD
KQ:099750
|
Korea | ₩56.71 Billion |
|
SyntekaBio Inc
KQ:226330
|
Korea | ₩33.49 Billion |
|
Carelabs Co.Ltd
KQ:263700
|
Korea | ₩105.15 Billion |
|
Shanghai Kingstar Winning Software
SHE:300253
|
China | CN¥8.35 Billion |
|
Longmaster Information Tech
SHE:300288
|
China | CN¥1.33 Billion |
Certive Solutions 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 - Certive Solutions Inc generates 2.66x its asset value in annual revenue.
Return on Assets (ROA)
Measures how efficiently a company uses its assets to generate profits
Negative ROA - Certive Solutions Inc is currently not profitable relative to its asset base.
Certive Solutions 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 | 0.04 | 0.08 |
| Quick Ratio | 0.02 | 0.03 | 0.03 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | $-10.75 Million | $ -10.27 Million | $ -5.89 Million |
Certive Solutions Inc - Advanced Valuation Insights
This section examines the relationship between Certive Solutions 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 | 0.33 |
| Asset Growth Rate (YoY) | -20.5% |
| Total Assets | $477.48K |
| Market Capitalization | $158.45K USD |
Valuation Analysis
Below Book Valuation: The market values Certive Solutions Inc's assets below their book value (0.33 x), which may indicate investor concerns about asset quality or future growth.
Significant Asset Reduction: Certive Solutions Inc's assets decreased by 20.5% over the past year, potentially indicating divestiture, restructuring, or challenging business conditions.
Annual Total Assets for Certive Solutions Inc (2011–2023)
The table below shows the annual total assets of Certive Solutions Inc from 2011 to 2023.
| Year | Total Assets | Change |
|---|---|---|
| 2023-05-31 | $477.48K | -20.51% |
| 2022-05-31 | $600.66K | -15.40% |
| 2021-05-31 | $709.99K | -19.32% |
| 2020-05-31 | $879.97K | -6.32% |
| 2019-05-31 | $939.37K | -7.43% |
| 2018-05-31 | $1.01 Million | -65.48% |
| 2017-05-31 | $2.94 Million | -50.00% |
| 2016-05-31 | $5.88 Million | +30.77% |
| 2015-05-31 | $4.50 Million | +984.11% |
| 2014-05-31 | $414.72K | +749.07% |
| 2013-05-31 | $48.84K | -99.46% |
| 2012-05-31 | $9.01 Million | +1630.12% |
| 2011-05-31 | $520.59K | -- |