Forza Innovations Inc
Forza Innovations Inc. engages in the health-tech wearable performance business. It offers WarmUp series product line, including J4 Sport, J4 X, and J4 Fitbelt that are wearable back compression devices that are used to relax, warmup, loosen, or relax stiff and sore muscles. The company was formerly known as Genesys Industries, Inc. and changed its name to Forza Innovations Inc. in June 2021. For… Read more
Forza Innovations Inc (FORZ) - Total Assets
Latest total assets as of March 2024: $73.40K USD
Based on the latest financial reports, Forza Innovations Inc (FORZ) holds total assets worth $73.40K USD as of March 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.
Forza Innovations Inc - Total Assets Trend (2016–2024)
This chart illustrates how Forza Innovations Inc’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
Forza Innovations Inc - Asset Composition Analysis
Current Asset Composition (June 2024)
Forza Innovations Inc's total assets of $73.40K consist of 0.0% current assets and 0.0% non-current assets.
| Asset Category | Amount (USD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | $0.00 | 0.0% |
| Accounts Receivable | $0.00 | 0.0% |
| Inventory | $0.00 | 0.0% |
| Property, Plant & Equipment | $0.00 | 0.0% |
| Intangible Assets | $0.00 | 0.0% |
| Goodwill | $0.00 | 0.0% |
Asset Composition Trend (2016–2024)
This chart illustrates how Forza Innovations 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: Forza Innovations Inc's current assets represent 0.0% of total assets in 2024, a decrease from 8.1% in 2016.
- Cash Position: Cash and equivalents constituted 0.0% of total assets in 2024, down from 8.1% in 2016.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 0.0% of total assets, unchanged from 0.0% in 2016.
- Asset Diversification: The largest asset category is goodwill at 0.0% of total assets.
Forza Innovations Inc Competitors by Total Assets
Key competitors of Forza Innovations Inc based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
Shanghai Kehua Bio-Engineering Co Ltd
SHE:002022
|
China | CN¥5.17 Billion |
|
Jiangsu Yuyue Medical Equipment & Supply Co Ltd
SHE:002223
|
China | CN¥16.67 Billion |
|
Double Medical Technology Inc
SHE:002901
|
China | CN¥4.55 Billion |
|
Wuhan Easy Diagnosis Biomedicine Co Ltd Class A
SHE:002932
|
China | CN¥6.10 Billion |
|
Shinhung
KO:004080
|
Korea | ₩153.50 Billion |
|
UMediC Group Berhad
KLSE:0256
|
Malaysia | RM94.93 Million |
|
Osang Healthcare Co.,Ltd
KQ:036220
|
Korea | ₩287.70 Billion |
|
HansBiomed Corporation
KQ:042520
|
Korea | ₩126.41 Billion |
Forza Innovations 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 - Forza Innovations Inc generates 1.25x its asset value in annual revenue.
Return on Assets (ROA)
Measures how efficiently a company uses its assets to generate profits
Negative ROA - Forza Innovations Inc is currently not profitable relative to its asset base.
Forza Innovations 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 | 0.02 | 0.48 |
| Quick Ratio | 0.00 | 0.04 | 0.46 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | $-4.33 Million | $ -2.86 Million | $ -270.62K |
Forza Innovations Inc - Advanced Valuation Insights
This section examines the relationship between Forza Innovations 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 | 2.58 |
| Asset Growth Rate (YoY) | 0.0% |
| Total Assets | $91.40K |
| Market Capitalization | $235.89K USD |
Valuation Analysis
Premium Asset Valuation: The market values Forza Innovations Inc's assets at a significant premium ( 2.58x), suggesting investors see substantial growth potential or unique competitive advantages.
Slight Asset Contraction: Forza Innovations Inc's assets decreased by 0.0% over the past year, which may reflect streamlining or optimization of resources.
Annual Total Assets for Forza Innovations Inc (2016–2024)
The table below shows the annual total assets of Forza Innovations Inc from 2016 to 2024.
| Year | Total Assets | Change |
|---|---|---|
| 2024-06-30 | $91.40K | 0.00% |
| 2023-06-30 | $91.40K | -80.24% |
| 2022-06-30 | $462.56K | +235.47% |
| 2021-06-30 | $137.88K | -83.75% |
| 2020-06-30 | $848.24K | +35.63% |
| 2019-06-30 | $625.42K | +19.00% |
| 2018-06-30 | $525.54K | +2360.65% |
| 2017-06-30 | $21.36K | +1635.01% |
| 2016-06-30 | $1.23K | -- |