First Foods Group Inc
First Foods Group, Inc. focuses on developing specialty chocolate products in the United States. It also focuses on new health-related brands, concepts, and products; and participates in the merchant cash advances. The company was formerly known as Litera Group, Inc. and changed its name to First Foods Group, Inc. in February 2017. The company was incorporated in 2015 and is headquartered in Las … Read more
First Foods Group Inc (FIFG) - Total Assets
Latest total assets as of September 2023: $49.21K USD
Based on the latest financial reports, First Foods Group Inc (FIFG) holds total assets worth $49.21K USD as of September 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.
First Foods Group Inc - Total Assets Trend (2015–2022)
This chart illustrates how First Foods Group Inc’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
First Foods Group Inc - Asset Composition Analysis
Current Asset Composition (December 2022)
First Foods Group Inc's total assets of $49.21K consist of 55.4% current assets and 44.6% non-current assets.
| Asset Category | Amount (USD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | $0.00 | 1.0% |
| Accounts Receivable | $5.90K | 10.9% |
| Inventory | $106.00 | 0.2% |
| Property, Plant & Equipment | $0.00 | 0.0% |
| Intangible Assets | $0.00 | 0.0% |
| Goodwill | $0.00 | 0.0% |
Asset Composition Trend (2015–2022)
This chart illustrates how First Foods 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: First Foods Group Inc's current assets represent 55.4% of total assets in 2022, a decrease from 100.0% in 2015.
- Cash Position: Cash and equivalents constituted 1.0% of total assets in 2022, down from 100.0% in 2015.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 0.0% of total assets, unchanged from 0.0% in 2015.
- Asset Diversification: The largest asset category is accounts receivable at 10.9% of total assets.
First Foods Group Inc Competitors by Total Assets
Key competitors of First Foods Group Inc based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
Shaanxi Jinye Science Technology and Education Group Co Ltd
SHE:000812
|
China | CN¥5.75 Billion |
|
Tungkong Inc
SHE:002117
|
China | CN¥1.92 Billion |
|
Eternal Asia Supply Chain Management Ltd
SHE:002183
|
China | CN¥54.04 Billion |
|
Hongbo Co Ltd
SHE:002229
|
China | CN¥2.43 Billion |
|
Beijing Shengtong Printing Co Ltd
SHE:002599
|
China | CN¥2.14 Billion |
|
Shanghai Nar Industrial Co Ltd
SHE:002825
|
China | CN¥2.78 Billion |
|
Xuchang Ketop Testing Research Ins
SHE:003008
|
China | CN¥1.10 Billion |
|
GFM Services Bhd
KLSE:0039
|
Malaysia | RM644.83 Million |
First Foods 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
Strong asset utilization - First Foods Group Inc generates 1.57x its asset value in annual revenue.
Return on Assets (ROA)
Measures how efficiently a company uses its assets to generate profits
Negative ROA - First Foods Group Inc is currently not profitable relative to its asset base.
First Foods 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 | 0.00 | 0.03 | 0.79 |
| Quick Ratio | 0.00 | 0.02 | 0.79 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | $-5.63 Million | $ -4.54 Million | $ -186.13K |
First Foods Group Inc - Advanced Valuation Insights
This section examines the relationship between First Foods 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 | 0.06 |
| Asset Growth Rate (YoY) | -89.5% |
| Total Assets | $53.96K |
| Market Capitalization | $3.10K USD |
Valuation Analysis
Below Book Valuation: The market values First Foods 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: First Foods Group Inc's assets decreased by 89.5% over the past year, potentially indicating divestiture, restructuring, or challenging business conditions.
Annual Total Assets for First Foods Group Inc (2015–2022)
The table below shows the annual total assets of First Foods Group Inc from 2015 to 2022.
| Year | Total Assets | Change |
|---|---|---|
| 2022-12-31 | $53.96K | -89.46% |
| 2021-12-31 | $512.06K | -39.63% |
| 2020-12-31 | $848.20K | -15.02% |
| 2019-12-31 | $998.08K | +46.74% |
| 2018-12-31 | $680.18K | +106.25% |
| 2017-12-31 | $329.79K | +1800.26% |
| 2016-12-31 | $17.36K | -71.81% |
| 2015-12-31 | $61.57K | -- |