Global Tech Industries Group Inc
Global Tech Industries Group, Inc. does not significant operations. Previously, the company was engaged in operation of a cryptocurrency marketplace in the United States. It intends to acquire companies with significant growth opportunities. The company was formerly known as Tree Top Industries, Inc. and changed its name to Global Tech Industries Group, Inc. in July 2016. Global Tech Industries G… Read more
Global Tech Industries Group Inc (GTII) - Total Assets
Latest total assets as of March 2024: $1.28 Million USD
Based on the latest financial reports, Global Tech Industries Group Inc (GTII) holds total assets worth $1.28 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.
Global Tech Industries Group Inc - Total Assets Trend (1999–2023)
This chart illustrates how Global Tech Industries Group Inc’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
Global Tech Industries Group Inc - Asset Composition Analysis
Current Asset Composition (December 2023)
Global Tech Industries Group Inc's total assets of $1.28 Million consist of 100.0% current assets and 0.0% non-current assets.
| Asset Category | Amount (USD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | $0.00 | 97.1% |
| 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 (1999–2023)
This chart illustrates how Global Tech Industries Group 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: Global Tech Industries Group Inc's current assets represent 100.0% of total assets in 2023, an increase from 83.2% in 1999.
- Cash Position: Cash and equivalents constituted 97.1% of total assets in 2023, up from 9.2% in 1999.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 0.0% of total assets, unchanged from 0.0% in 1999.
- Asset Diversification: The largest asset category is goodwill at 0.0% of total assets.
Global Tech Industries Group Inc Competitors by Total Assets
Key competitors of Global Tech Industries Group Inc based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
China Baoan Group Co Ltd
SHE:000009
|
China | CN¥56.58 Billion |
|
Doosan
KO:000150
|
Korea | ₩32.36 Trillion |
|
Doosan Pref Shs
KO:000155
|
Korea | ₩32.36 Trillion |
|
Doosan Co Ltd
KO:000157
|
Korea | ₩32.36 Trillion |
|
Yunding Technology Co Ltd
SHE:000409
|
China | CN¥2.65 Billion |
|
Create Technology & Science Co Ltd
SHE:000551
|
China | CN¥6.23 Billion |
|
Sundiro Holding Co Ltd
SHE:000571
|
China | CN¥2.50 Billion |
|
Guangdong Ganhua Science & Industry Co Ltd
SHE:000576
|
China | CN¥2.26 Billion |
Global Tech Industries Group 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 - Global Tech Industries Group 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 - Global Tech Industries Group Inc is currently not profitable relative to its asset base.
Global Tech Industries Group 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 | 0.36 | 0.81 | 0.03 |
| Quick Ratio | 0.36 | 0.81 | 0.03 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | $-2.27 Million | $ -1.03 Million | $ -5.84 Million |
Global Tech Industries Group Inc - Advanced Valuation Insights
This section examines the relationship between Global Tech Industries Group 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 | 7.80 |
| Latest Market Cap to Assets Ratio | 2.99 |
| Asset Growth Rate (YoY) | -93.0% |
| Total Assets | $1.28 Million |
| Market Capitalization | $3.81 Million USD |
Valuation Analysis
Premium Asset Valuation: The market values Global Tech Industries Group Inc's assets at a significant premium ( 2.99x), suggesting investors see substantial growth potential or unique competitive advantages.
Significant Asset Reduction: Global Tech Industries Group Inc's assets decreased by 93.0% over the past year, potentially indicating divestiture, restructuring, or challenging business conditions.
Annual Total Assets for Global Tech Industries Group Inc (1999–2023)
The table below shows the annual total assets of Global Tech Industries Group Inc from 1999 to 2023.
| Year | Total Assets | Change |
|---|---|---|
| 2023-12-31 | $1.28 Million | -93.04% |
| 2022-12-31 | $18.35 Million | +117.89% |
| 2021-12-31 | $8.42 Million | +3156.29% |
| 2020-12-31 | $258.59K | +468.60% |
| 2019-12-31 | $45.48K | -76.16% |
| 2018-12-31 | $190.77K | -35.82% |
| 2017-12-31 | $297.25K | +3.19% |
| 2016-12-31 | $288.07K | +163.69% |
| 2015-12-31 | $109.25K | +24.14% |
| 2014-12-31 | $88.00K | +27.86% |
| 2013-12-31 | $68.83K | +8.48% |
| 2012-12-31 | $63.45K | +58.48% |
| 2011-12-31 | $40.03K | -46.59% |
| 2010-12-31 | $74.95K | -65.87% |
| 2009-12-31 | $219.61K | +56.97% |
| 2008-12-31 | $139.90K | -90.88% |
| 2007-12-31 | $1.53 Million | +4915.55% |
| 2006-12-31 | $30.58K | +2115.80% |
| 2002-12-31 | $1.38K | -95.67% |
| 2001-12-31 | $31.87K | -86.65% |
| 2000-12-31 | $238.72K | -43.42% |
| 1999-12-31 | $421.89K | -- |