Hanover Foods Corporation
Hanover Foods Corporation engages in processing, packaging, and selling fresh canned and frozen products. It offers baked beans, beans, canned blends and vegetables, frozen blends and vegetables, kosher, pork and beans, soft pretzels, steam in bag products, and tomatoes, as well as soups, salads, and broths. The company was founded in 1924 and is based in Hanover, Pennsylvania.
Hanover Foods Corporation (HNFSA) - Total Assets
Latest total assets as of August 2004: $222.00 Million USD
Based on the latest financial reports, Hanover Foods Corporation (HNFSA) holds total assets worth $222.00 Million USD as of August 2004.
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.
Hanover Foods Corporation - Total Assets Trend (2000–2006)
This chart illustrates how Hanover Foods Corporation’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
Hanover Foods Corporation - Asset Composition Analysis
Current Asset Composition (May 2006)
Hanover Foods Corporation's total assets of $222.00 Million consist of 60.7% current assets and 39.3% non-current assets.
| Asset Category | Amount (USD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | $0.00 | 1.5% |
| Accounts Receivable | $35.72 Million | 15.9% |
| Inventory | $81.00 Million | 36.1% |
| Property, Plant & Equipment | $0.00 | 0.0% |
| Intangible Assets | $2.27 Million | 1.0% |
| Goodwill | $2.07 Million | 0.9% |
Asset Composition Trend (2000–2006)
This chart illustrates how Hanover Foods 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: Hanover Foods Corporation's current assets represent 60.7% of total assets in 2006, an increase from 0.0% in 2000.
- Cash Position: Cash and equivalents constituted 1.5% of total assets in 2006, down from 3.9% in 2000.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 1.0% of total assets, a decrease from 2.0% in 2000.
- Asset Diversification: The largest asset category is inventory at 36.1% of total assets.
Hanover Foods Corporation Competitors by Total Assets
Key competitors of Hanover Foods Corporation based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
General Mills Inc
NYSE:GIS
|
USA | $32.55 Billion |
|
Maniker F & G Co. Ltd
KQ:195500
|
Korea | ₩123.42 Billion |
|
Xiwang Foodstuffs Co Ltd
SHE:000639
|
China | CN¥6.08 Billion |
|
Nanfang Black Sesame Group Co Ltd
SHE:000716
|
China | CN¥4.57 Billion |
|
CNFC Overseas Fishery Co Ltd
SHE:000798
|
China | CN¥5.88 Billion |
|
Henan Shuanghui Investment & Development Co Ltd
SHE:000895
|
China | CN¥40.64 Billion |
|
Xinjiang Chalkis Co Ltd
SHE:000972
|
China | CN¥1.25 Billion |
|
Daehan Flour Mills Co Ltd
KO:001130
|
Korea | ₩1.61 Trillion |
Hanover Foods 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
Strong asset utilization - Hanover Foods Corporation generates 1.61x its asset value in annual revenue.
Return on Assets (ROA)
Measures how efficiently a company uses its assets to generate profits
Moderate ROA - For every $100 in assets, Hanover Foods Corporation generates $ 2.95 in net profit.
Hanover Foods 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 | 1.53 | 1.83 | 1.83 |
| Quick Ratio | 0.53 | 0.60 | 0.60 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | $44.45 Million | $ 48.88 Million | $ 48.88 Million |
Hanover Foods Corporation - Advanced Valuation Insights
This section examines the relationship between Hanover Foods 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) | 12.4% |
| Total Assets | $224.09 Million |
| Market Capitalization | $660.24K USD |
Valuation Analysis
Below Book Valuation: The market values Hanover Foods Corporation's assets below their book value (0.00 x), which may indicate investor concerns about asset quality or future growth.
Rapid Asset Growth: Hanover Foods Corporation's assets grew by 12.4% over the past year, indicating significant expansion of the company's resource base.
Annual Total Assets for Hanover Foods Corporation (2000–2006)
The table below shows the annual total assets of Hanover Foods Corporation from 2000 to 2006.
| Year | Total Assets | Change |
|---|---|---|
| 2006-05-31 | $224.09 Million | +12.39% |
| 2004-05-31 | $199.39 Million | +16.31% |
| 2003-05-31 | $171.43 Million | -4.24% |
| 2002-05-31 | $179.02 Million | -0.95% |
| 2001-05-31 | $180.73 Million | +0.68% |
| 2000-05-31 | $179.51 Million | -- |