FRX Innovations Inc.
FRX Innovations Inc. manufactures and sells flame-retardant polyphosphate polymers under the Nofia brand name in Asia, Europe, and the Americas. The company's products including homopolymers, used in carpets, textiles, connectors, wires and cables, and transparent sheet products and blown films; copolymers used in housings, sheets, fibers, and lightings; and reactive oligomers used in decorative … Read more
FRX Innovations Inc. (FRXIF) - Total Assets
Latest total assets as of September 2024: $18.11 Million USD
Based on the latest financial reports, FRX Innovations Inc. (FRXIF) holds total assets worth $18.11 Million 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.
FRX Innovations Inc. - Total Assets Trend (2018–2023)
This chart illustrates how FRX Innovations Inc.’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
FRX Innovations Inc. - Asset Composition Analysis
Current Asset Composition (December 2023)
FRX Innovations Inc.'s total assets of $18.11 Million consist of 100.0% current assets and 0.0% non-current assets.
| Asset Category | Amount (USD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | $0.00 | 0.0% |
| Accounts Receivable | $63.97K | 0.3% |
| 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 (2018–2023)
This chart illustrates how FRX 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: FRX Innovations Inc.'s current assets represent 100.0% of total assets in 2023, an increase from 24.3% in 2018.
- Cash Position: Cash and equivalents constituted 0.0% of total assets in 2023, down from 12.1% in 2018.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 0.0% of total assets, a decrease from 2.0% in 2018.
- Asset Diversification: The largest asset category is accounts receivable at 0.3% of total assets.
FRX Innovations Inc. Competitors by Total Assets
Key competitors of FRX Innovations Inc. based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
Akzo Nobel N.V
OTCQX:AKZOF
|
USA | $13.95 Billion |
|
YeSUN Tech Co.Ltd.
KQ:250930
|
Korea | ₩51.65 Billion |
|
Hangzhou Flariant Co Ltd
SHG:605566
|
China | CN¥2.55 Billion |
|
Samhwa Paint
KO:000390
|
Korea | ₩617.09 Billion |
|
DL Holdings CO. LTD.
KO:000210
|
Korea | ₩12.05 Trillion |
|
Norooholdings
KO:000320
|
Korea | ₩1.26 Trillion |
|
Noroo Holdings Co Ltd
KO:000325
|
Korea | ₩1.26 Trillion |
|
Chongqing Sanxia Paints Co Ltd
SHE:000565
|
China | CN¥1.65 Billion |
FRX 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
Lower asset utilization - FRX Innovations Inc. generates 0.00x its asset value in annual revenue.
Return on Assets (ROA)
Measures how efficiently a company uses its assets to generate profits
Negative ROA - FRX Innovations Inc. is currently not profitable relative to its asset base.
FRX 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 | 0.90 | 0.20 | 1.70 |
| Quick Ratio | 0.90 | 0.05 | 1.28 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | $-2.01 Million | $ -11.29 Million | $ 1.94 Million |
FRX Innovations Inc. - Advanced Valuation Insights
This section examines the relationship between FRX 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 | 1.11 |
| Latest Market Cap to Assets Ratio | 0.19 |
| Asset Growth Rate (YoY) | -19.9% |
| Total Assets | $18.73 Million |
| Market Capitalization | $3.47 Million USD |
Valuation Analysis
Below Book Valuation: The market values FRX Innovations Inc.'s assets below their book value (0.19 x), which may indicate investor concerns about asset quality or future growth.
Significant Asset Reduction: FRX Innovations Inc.'s assets decreased by 19.9% over the past year, potentially indicating divestiture, restructuring, or challenging business conditions.
Annual Total Assets for FRX Innovations Inc. (2018–2023)
The table below shows the annual total assets of FRX Innovations Inc. from 2018 to 2023.
| Year | Total Assets | Change |
|---|---|---|
| 2023-12-31 | $18.73 Million | -19.91% |
| 2022-12-31 | $23.39 Million | -8.17% |
| 2021-12-31 | $25.47 Million | -8.65% |
| 2020-12-31 | $27.88 Million | -4.20% |
| 2019-12-31 | $29.10 Million | -6.73% |
| 2018-12-31 | $31.20 Million | -- |