Greenland Technologies Holding Corporation
Greenland Technologies Holding Corporation, through its subsidiaries, develops and manufactures transmission and drivetrain systems for material handling machineries and electric vehicles, and electric industrial vehicles in the People's Republic of China and internationally. The company offers transmission products for forklift trucks that are used in manufacturing and logistic applications, suc… Read more
Greenland Technologies Holding Corporation (GTECW) - Total Assets
Latest total assets as of March 2024: $139.18 Million USD
Based on the latest financial reports, Greenland Technologies Holding Corporation (GTECW) holds total assets worth $139.18 Million 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.
Greenland Technologies Holding Corporation - Total Assets Trend (2018–2023)
This chart illustrates how Greenland Technologies Holding Corporation’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
Greenland Technologies Holding Corporation - Asset Composition Analysis
Current Asset Composition (December 2023)
Greenland Technologies Holding Corporation's total assets of $139.18 Million consist of 76.5% current assets and 23.5% non-current assets.
| Asset Category | Amount (USD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | $0.00 | 17.6% |
| Accounts Receivable | $16.48 Million | 12.6% |
| Inventory | $24.60 Million | 18.9% |
| Property, Plant & Equipment | $0.00 | 0.0% |
| Intangible Assets | $3.64 Million | 2.8% |
| Goodwill | $0.00 | 0.0% |
Asset Composition Trend (2018–2023)
This chart illustrates how Greenland Technologies Holding Corporation'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: Greenland Technologies Holding Corporation's current assets represent 76.5% of total assets in 2023, an increase from 1.6% in 2018.
- Cash Position: Cash and equivalents constituted 17.6% of total assets in 2023, up from 1.4% in 2018.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 2.0% of total assets, an increase from 0.0% in 2018.
- Asset Diversification: The largest asset category is inventory at 18.9% of total assets.
Greenland Technologies Holding Corporation Competitors by Total Assets
Key competitors of Greenland Technologies Holding Corporation based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
| No similar companies found. | ||
Greenland Technologies Holding Corporation - 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
Moderate asset utilization - Greenland Technologies Holding Corporation generates 0.69x its asset value in annual revenue.
Return on Assets (ROA)
Measures how efficiently a company uses its assets to generate profits
Negative ROA - Greenland Technologies Holding Corporation is currently not profitable relative to its asset base.
Greenland Technologies Holding Corporation - 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 | 1.30 | 2.05 | 6.36 |
| Quick Ratio | 0.99 | 1.71 | 6.36 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | $23.56 Million | $ 69.26 Million | $ 466.24K |
Greenland Technologies Holding Corporation - Advanced Valuation Insights
This section examines the relationship between Greenland Technologies Holding Corporation'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 | 0.00 |
| Asset Growth Rate (YoY) | -15.9% |
| Total Assets | $130.48 Million |
| Market Capitalization | $72.11K USD |
Valuation Analysis
Below Book Valuation: The market values Greenland Technologies Holding Corporation's assets below their book value (0.00 x), which may indicate investor concerns about asset quality or future growth.
Significant Asset Reduction: Greenland Technologies Holding Corporation's assets decreased by 15.9% over the past year, potentially indicating divestiture, restructuring, or challenging business conditions.
Annual Total Assets for Greenland Technologies Holding Corporation (2018–2023)
The table below shows the annual total assets of Greenland Technologies Holding Corporation from 2018 to 2023.
| Year | Total Assets | Change |
|---|---|---|
| 2023-12-31 | $130.48 Million | -15.88% |
| 2022-12-31 | $155.12 Million | -4.58% |
| 2021-12-31 | $162.57 Million | +51.02% |
| 2020-12-31 | $107.65 Million | +1.09% |
| 2019-12-31 | $106.48 Million | +136.44% |
| 2018-12-31 | $45.04 Million | -- |