Flitways Technology Inc
Flitways Technology Inc. provides ground transportation solutions. Its solution provides businesses and private traveler's with access to the booking and scheduling of ground transportation online or by mobile device, as well as provides travelers with access to customizable travel rides through a network of ground travel providers. Flitways Technology Inc. was incorporated in 2012 and is based i… Read more
Flitways Technology Inc (FTWS) - Total Assets
Latest total assets as of September 2019: $124.35K USD
Based on the latest financial reports, Flitways Technology Inc (FTWS) holds total assets worth $124.35K USD as of September 2019.
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.
Flitways Technology Inc - Total Assets Trend (2013–2018)
This chart illustrates how Flitways Technology Inc’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
Flitways Technology Inc - Asset Composition Analysis
Current Asset Composition (December 2018)
Flitways Technology Inc's total assets of $124.35K consist of 61.2% current assets and 38.8% non-current assets.
| Asset Category | Amount (USD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | $0.00 | 3.5% |
| Accounts Receivable | $96.44K | 57.7% |
| Inventory | $0.00 | 0.0% |
| Property, Plant & Equipment | $17.37K | 10.4% |
| Intangible Assets | $0.00 | 0.0% |
| Goodwill | $0.00 | 0.0% |
Asset Composition Trend (2013–2018)
This chart illustrates how Flitways Technology 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: Flitways Technology Inc's current assets represent 61.2% of total assets in 2018, a decrease from 76.5% in 2013.
- Cash Position: Cash and equivalents constituted 3.5% of total assets in 2018, down from 76.5% in 2013.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 0.0% of total assets, unchanged from 0.0% in 2013.
- Asset Diversification: The largest asset category is accounts receivable at 57.7% of total assets.
Flitways Technology Inc Competitors by Total Assets
Key competitors of Flitways Technology Inc based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
Alpha Modus Holdings, Inc
NASDAQ:AMOD
|
USA | $403.26K |
|
Opter AB
ST:OPTER
|
Sweden | Skr42.72 Million |
|
TurnKey Capital Inc
PINK:TKCI
|
USA | $870.80 Million |
|
Digital China Information Service Co Ltd
SHE:000555
|
China | CN¥13.60 Billion |
|
Fujian Newland Computer Co Ltd
SHE:000997
|
China | CN¥13.83 Billion |
|
YGSOFT Inc
SHE:002063
|
China | CN¥4.58 Billion |
|
Dhc Software Co Ltd
SHE:002065
|
China | CN¥25.81 Billion |
|
Zhejiang Netsun Co Ltd
SHE:002095
|
China | CN¥1.57 Billion |
Flitways Technology 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 - Flitways Technology Inc generates 7.26x its asset value in annual revenue.
Return on Assets (ROA)
Measures how efficiently a company uses its assets to generate profits
Negative ROA - Flitways Technology Inc is currently not profitable relative to its asset base.
Flitways Technology 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 | 0.10 | 0.07 | 0.11 |
| Quick Ratio | 0.10 | 0.07 | 0.11 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | $-948.24K | $ -1.26 Million | $ -32.58K |
Flitways Technology Inc - Advanced Valuation Insights
This section examines the relationship between Flitways Technology 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 | 0.12 |
| Asset Growth Rate (YoY) | -29.5% |
| Total Assets | $167.10K |
| Market Capitalization | $20.00K USD |
Valuation Analysis
Below Book Valuation: The market values Flitways Technology Inc's assets below their book value (0.12 x), which may indicate investor concerns about asset quality or future growth.
Significant Asset Reduction: Flitways Technology Inc's assets decreased by 29.5% over the past year, potentially indicating divestiture, restructuring, or challenging business conditions.
Annual Total Assets for Flitways Technology Inc (2013–2018)
The table below shows the annual total assets of Flitways Technology Inc from 2013 to 2018.
| Year | Total Assets | Change |
|---|---|---|
| 2018-12-31 | $167.10K | -29.49% |
| 2017-12-31 | $237.00K | +172.41% |
| 2016-12-31 | $87.00K | +812.24% |
| 2015-12-31 | $9.54K | +46.57% |
| 2014-12-31 | $6.51K | -69.41% |
| 2013-12-31 | $21.27K | -- |