First Tractor Company Limited
First Tractor Company Limited, engages in the manufacturing and sale of agricultural machinery and power machinery. It offers medium and large-sized wheeled and crawler tractors; off-road diesel engines, such as tractors and harvesters, engineering machinery, ships, generator sets, and others; and component products, such as castings and forgings, gears, axles, transmissions, covers, injection pu… Read more
First Tractor Company Limited (FIRRF) - Total Assets
Latest total assets as of September 2024: $15.80 Billion USD
Based on the latest financial reports, First Tractor Company Limited (FIRRF) holds total assets worth $15.80 Billion USD as of September 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.
First Tractor Company Limited - Total Assets Trend (2004–2024)
This chart illustrates how First Tractor Company Limited’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
First Tractor Company Limited - Asset Composition Analysis
Current Asset Composition (December 2024)
First Tractor Company Limited's total assets of $15.80 Billion consist of 50.5% current assets and 49.5% non-current assets.
| Asset Category | Amount (USD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | $0.00 | 16.0% |
| Accounts Receivable | $540.36 Million | 3.7% |
| Inventory | $1.37 Billion | 9.4% |
| Property, Plant & Equipment | $0.00 | 0.0% |
| Intangible Assets | $700.90 Million | 4.8% |
| Goodwill | $0.00 | 0.0% |
Asset Composition Trend (2004–2024)
This chart illustrates how First Tractor Company Limited'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 Tractor Company Limited's current assets represent 50.5% of total assets in 2024, a decrease from 64.3% in 2004.
- Cash Position: Cash and equivalents constituted 16.0% of total assets in 2024, up from 10.9% in 2004.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 4.0% of total assets, an increase from 0.0% in 2004.
- Asset Diversification: The largest asset category is inventory at 9.4% of total assets.
First Tractor Company Limited Competitors by Total Assets
Key competitors of First Tractor Company Limited based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
Zoomlion Heavy Industry Science and Technology Co Ltd
SHE:000157
|
China | CN¥129.23 Billion |
|
XCMG Construction Machinery Co Ltd
SHE:000425
|
China | CN¥179.64 Billion |
|
Daedong Ind
KO:000490
|
Korea | ₩2.25 Trillion |
|
Guangxi Liugong Machinery Co Ltd
SHE:000528
|
China | CN¥50.65 Billion |
|
Shantui Construction Machinery Co Ltd
SHE:000680
|
China | CN¥18.79 Billion |
|
JiangSu JiangHuai Engine Co Ltd
SHE:000816
|
China | CN¥3.49 Billion |
|
Sinotruk Jinan Truck Co Ltd
SHE:000951
|
China | CN¥45.43 Billion |
|
Zhongtong Bus Holding Co Ltd
SHE:000957
|
China | CN¥9.46 Billion |
First Tractor Company Limited - 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 Tractor Company Limited generates 0.81x its asset value in annual revenue.
Return on Assets (ROA)
Measures how efficiently a company uses its assets to generate profits
Solid ROA - For every $100 in assets, First Tractor Company Limited generates $6.28 in net profit.
First Tractor Company Limited - 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 | 1.08 | 1.08 | 1.02 |
| Quick Ratio | 0.91 | 0.92 | 0.86 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | $588.49 Million | $ 541.53 Million | $ 107.63 Million |
First Tractor Company Limited - Advanced Valuation Insights
This section examines the relationship between First Tractor Company Limited'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 | 0.83 |
| Latest Market Cap to Assets Ratio | 0.03 |
| Asset Growth Rate (YoY) | 6.3% |
| Total Assets | $14.69 Billion |
| Market Capitalization | $465.88 Million USD |
Valuation Analysis
Below Book Valuation: The market values First Tractor Company Limited's assets below their book value (0.03 x), which may indicate investor concerns about asset quality or future growth.
Positive Asset Growth: First Tractor Company Limited's assets grew by 6.3% over the past year, showing continued investment in the company's operational capacity.
Annual Total Assets for First Tractor Company Limited (2004–2024)
The table below shows the annual total assets of First Tractor Company Limited from 2004 to 2024.
| Year | Total Assets | Change |
|---|---|---|
| 2024-12-31 | $14.69 Billion | +6.33% |
| 2023-12-31 | $13.82 Billion | +6.40% |
| 2022-12-31 | $12.99 Billion | +5.24% |
| 2021-12-31 | $12.34 Billion | -0.02% |
| 2020-12-31 | $12.34 Billion | +6.14% |
| 2019-12-31 | $11.63 Billion | -11.50% |
| 2018-12-31 | $13.14 Billion | -6.82% |
| 2017-12-31 | $14.10 Billion | +6.75% |
| 2016-12-31 | $13.21 Billion | -0.47% |
| 2015-12-31 | $13.27 Billion | +7.42% |
| 2014-12-31 | $12.36 Billion | +5.89% |
| 2013-12-31 | $11.67 Billion | +8.73% |
| 2012-12-31 | $10.73 Billion | +17.06% |
| 2011-12-31 | $9.17 Billion | +9.90% |
| 2010-12-31 | $8.34 Billion | +38.02% |
| 2009-12-31 | $6.04 Billion | +5.23% |
| 2008-12-31 | $5.74 Billion | +4.65% |
| 2007-12-31 | $5.49 Billion | +9.95% |
| 2006-12-31 | $4.99 Billion | +30.60% |
| 2005-12-31 | $3.82 Billion | +4.71% |
| 2004-12-31 | $3.65 Billion | -- |