Nano Magic Inc
Nano Magic Inc. develops, commercializes, and markets consumer and industrial products using nanotechnology in the United States and Canada. The company offers liquid and towelette formulations for cleaning and protecting clear surfaces, such as electronic touchscreens, windshields, windows, mirrors, shower doors, eyeglasses, and sunglass lenses; liquid formulation packaged for retail and industr… Read more
Nano Magic Inc (NMGX) - Total Assets
Latest total assets as of September 2025: $1.60 Million USD
Based on the latest financial reports, Nano Magic Inc (NMGX) holds total assets worth $1.60 Million USD as of September 2025.
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.
Nano Magic Inc - Total Assets Trend (1990–2024)
This chart illustrates how Nano Magic Inc’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
Nano Magic Inc - Asset Composition Analysis
Current Asset Composition (December 2024)
Nano Magic Inc's total assets of $1.60 Million consist of 44.0% current assets and 56.0% non-current assets.
| Asset Category | Amount (USD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | $0.00 | 1.2% |
| Accounts Receivable | $68.33K | 3.6% |
| Inventory | $719.25K | 38.0% |
| Property, Plant & Equipment | $0.00 | 0.0% |
| Intangible Assets | $0.00 | 0.0% |
| Goodwill | $0.00 | 0.0% |
Asset Composition Trend (1990–2024)
This chart illustrates how Nano Magic 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: Nano Magic Inc's current assets represent 44.0% of total assets in 2024, a decrease from 50.0% in 1990.
- Cash Position: Cash and equivalents constituted 1.2% of total assets in 2024, up from 0.0% in 1990.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 0.0% of total assets, unchanged from 0.0% in 1990.
- Asset Diversification: The largest asset category is inventory at 38.0% of total assets.
Nano Magic Inc Competitors by Total Assets
Key competitors of Nano Magic Inc based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
Akzo Nobel N.V
OTCQX:AKZOF
|
USA | $13.95 Billion |
|
YeSUN Tech Co.Ltd.
KQ:250930
|
Korea | ₩51.65 Billion |
|
Hangzhou Flariant Co Ltd
SHG:605566
|
China | CN¥2.55 Billion |
|
Samhwa Paint
KO:000390
|
Korea | ₩617.09 Billion |
|
DL Holdings CO. LTD.
KO:000210
|
Korea | ₩12.05 Trillion |
|
Norooholdings
KO:000320
|
Korea | ₩1.26 Trillion |
|
Noroo Holdings Co Ltd
KO:000325
|
Korea | ₩1.26 Trillion |
|
Chongqing Sanxia Paints Co Ltd
SHE:000565
|
China | CN¥1.65 Billion |
Nano Magic 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 - Nano Magic Inc generates 1.30x its asset value in annual revenue.
Return on Assets (ROA)
Measures how efficiently a company uses its assets to generate profits
Negative ROA - Nano Magic Inc is currently not profitable relative to its asset base.
Nano Magic 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 | 0.28 | 0.54 | 1.31 |
| Quick Ratio | 0.09 | 0.17 | 0.90 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | $-2.16 Million | $ -889.97K | $ 633.57K |
Nano Magic Inc - Advanced Valuation Insights
This section examines the relationship between Nano Magic 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 | 21.63 |
| Latest Market Cap to Assets Ratio | 0.42 |
| Asset Growth Rate (YoY) | -46.1% |
| Total Assets | $1.90 Million |
| Market Capitalization | $788.21K USD |
Valuation Analysis
Below Book Valuation: The market values Nano Magic Inc's assets below their book value (0.42 x), which may indicate investor concerns about asset quality or future growth.
Significant Asset Reduction: Nano Magic Inc's assets decreased by 46.1% over the past year, potentially indicating divestiture, restructuring, or challenging business conditions.
Annual Total Assets for Nano Magic Inc (1990–2024)
The table below shows the annual total assets of Nano Magic Inc from 1990 to 2024.
| Year | Total Assets | Change |
|---|---|---|
| 2024-12-31 | $1.90 Million | -46.08% |
| 2023-12-31 | $3.52 Million | -14.07% |
| 2022-12-31 | $4.09 Million | -0.39% |
| 2021-12-31 | $4.11 Million | -14.29% |
| 2020-12-31 | $4.79 Million | +262.97% |
| 2019-12-31 | $1.32 Million | -29.92% |
| 2018-12-31 | $1.88 Million | -13.64% |
| 2017-12-31 | $2.18 Million | -21.92% |
| 2016-12-31 | $2.79 Million | -22.02% |
| 2015-12-31 | $3.58 Million | -19.04% |
| 2014-12-31 | $4.43 Million | +418.84% |
| 2013-12-31 | $852.90K | -49.62% |
| 2012-12-31 | $1.69 Million | -61.50% |
| 2011-12-31 | $4.40 Million | +14.36% |
| 2010-12-31 | $3.84 Million | +330.33% |
| 2009-12-31 | $893.37K | -50.16% |
| 2008-12-31 | $1.79 Million | -52.13% |
| 2007-12-31 | $3.74 Million | +39.04% |
| 2006-12-31 | $2.69 Million | +126.72% |
| 2005-12-31 | $1.19 Million | +3.81% |
| 2004-12-31 | $1.14 Million | -69.76% |
| 2003-12-31 | $3.78 Million | +1075.32% |
| 2002-12-31 | $321.95K | -82.49% |
| 2001-12-31 | $1.84 Million | +12.03% |
| 2000-12-31 | $1.64 Million | -57.91% |
| 1999-12-31 | $3.90 Million | +625.09% |
| 1998-12-31 | $537.86K | -79.59% |
| 1997-12-31 | $2.64 Million | -53.11% |
| 1996-12-31 | $5.62 Million | +17.11% |
| 1994-12-31 | $4.80 Million | -42.17% |
| 1993-12-31 | $8.30 Million | +730.00% |
| 1992-12-31 | $1.00 Million | +400.00% |
| 1991-12-31 | $200.00K | 0.00% |
| 1990-12-31 | $200.00K | -- |