Ionic Brands Corp
Ionic Brands Corp., through its subsidiaries, provides services and products ancillary to the cannabis production and processing industry in Washington and Oregon. It offers cannabis oils and concentrates, infusions, and distillates; vaporizers; and hard goods, such as cartridges, applicators, pens, jars, etc. The company's cannabis production and processing services and products, including the l… Read more
Ionic Brands Corp (IONKF) - Total Assets
Latest total assets as of September 2023: $4.46 Million USD
Based on the latest financial reports, Ionic Brands Corp (IONKF) holds total assets worth $4.46 Million USD as of September 2023.
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.
Ionic Brands Corp - Total Assets Trend (2014–2021)
This chart illustrates how Ionic Brands Corp’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
Ionic Brands Corp - Asset Composition Analysis
Current Asset Composition (December 2021)
Ionic Brands Corp's total assets of $4.46 Million consist of 23.8% current assets and 76.2% non-current assets.
| Asset Category | Amount (USD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | $0.00 | 0.4% |
| Accounts Receivable | $4.25 Million | 13.6% |
| Inventory | $2.77 Million | 8.8% |
| Property, Plant & Equipment | $0.00 | 0.0% |
| Intangible Assets | $19.24 Million | 61.4% |
| Goodwill | $15.12 Million | 48.3% |
Asset Composition Trend (2014–2021)
This chart illustrates how Ionic Brands Corp'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: Ionic Brands Corp's current assets represent 23.8% of total assets in 2021, an increase from 2.3% in 2014.
- Cash Position: Cash and equivalents constituted 0.4% of total assets in 2021, up from 0.0% in 2014.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 109.0% of total assets, an increase from 0.0% in 2014.
- Asset Diversification: The largest asset category is intangible assets at 61.4% of total assets.
Ionic Brands Corp Competitors by Total Assets
Key competitors of Ionic Brands Corp based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
Swedish Orphan Biovitrum AB (publ)
PINK:BIOVF
|
USA | $67.26 Billion |
|
Kamada
NASDAQ:KMDA
|
USA | $378.79 Million |
|
One World Pharma Inc
OTCQB:OWPC
|
USA | $6.62 Million |
|
Dongwha Pharm.Co.Ltd
KO:000020
|
Korea | ₩654.63 Billion |
|
Shenzhen Neptunus Bioengineering Co Ltd
SHE:000078
|
China | CN¥27.28 Billion |
|
Yuhan Corp.
KO:000100
|
Korea | ₩3.05 Trillion |
|
Anhui Fengyuan Pharmaceutical Co Ltd
SHE:000153
|
China | CN¥4.97 Billion |
|
Kotra Industries Bhd
KLSE:0002
|
Malaysia | RM363.90 Million |
Ionic Brands Corp - 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 - Ionic Brands Corp generates 0.80x its asset value in annual revenue.
Return on Assets (ROA)
Measures how efficiently a company uses its assets to generate profits
Negative ROA - Ionic Brands Corp is currently not profitable relative to its asset base.
Ionic Brands Corp - 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 | 0.35 | 1.45 | 0.21 |
| Quick Ratio | 140.86 | 0.93 | 0.08 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | $-1.43 Million | $ 2.97 Million | $ -2.36 Million |
Ionic Brands Corp - Advanced Valuation Insights
This section examines the relationship between Ionic Brands Corp'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 | 0.18 |
| Latest Market Cap to Assets Ratio | 0.00 |
| Asset Growth Rate (YoY) | 412.9% |
| Total Assets | $31.32 Million |
| Market Capitalization | $15.89K USD |
Valuation Analysis
Below Book Valuation: The market values Ionic Brands Corp's assets below their book value (0.00 x), which may indicate investor concerns about asset quality or future growth.
Rapid Asset Growth: Ionic Brands Corp's assets grew by 412.9% over the past year, indicating significant expansion of the company's resource base.
Annual Total Assets for Ionic Brands Corp (2014–2021)
The table below shows the annual total assets of Ionic Brands Corp from 2014 to 2021.
| Year | Total Assets | Change |
|---|---|---|
| 2021-12-31 | $31.32 Million | +412.87% |
| 2020-12-31 | $6.11 Million | -22.18% |
| 2019-12-31 | $7.85 Million | +405666.80% |
| 2018-12-31 | $1.93K | -90.75% |
| 2017-12-31 | $20.90K | -97.46% |
| 2016-12-31 | $821.52K | +2044.81% |
| 2015-12-31 | $38.30K | -95.46% |
| 2014-12-31 | $842.76K | -- |