Polished.com Inc
Polished.com Inc. operates an e-commerce platform for appliances, furniture, and home goods in the United States. The company offers household appliances, including refrigerators, ranges, ovens, dishwashers, microwaves, freezers, washers, and dryers; and furniture, décor, bed & bath, lighting, outdoor living, electronics categories, fitness equipment, plumbing fixtures, air conditioners, fireplac… Read more
Polished.com Inc (POLWQ) - Total Assets
Latest total assets as of September 2023: $238.82 Million USD
Based on the latest financial reports, Polished.com Inc (POLWQ) holds total assets worth $238.82 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.
Polished.com Inc - Total Assets Trend (2019–2022)
This chart illustrates how Polished.com Inc’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
Polished.com Inc - Asset Composition Analysis
Current Asset Composition (September 2022)
Polished.com Inc's total assets of $238.82 Million consist of 47.8% current assets and 52.2% non-current assets.
| Asset Category | Amount (USD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | $0.00 | 7.5% |
| Accounts Receivable | $13.69 Million | 5.2% |
| Inventory | $41.77 Million | 16.0% |
| Property, Plant & Equipment | $0.00 | 0.0% |
| Intangible Assets | $10.30 Million | 3.9% |
| Goodwill | $106.17 Million | 40.5% |
Asset Composition Trend (2019–2022)
This chart illustrates how Polished.com 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: Polished.com Inc's current assets represent 47.8% of total assets in 2022, an increase from 32.3% in 2019.
- Cash Position: Cash and equivalents constituted 7.5% of total assets in 2022, up from 3.4% in 2019.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 43.0% of total assets, a decrease from 46.0% in 2019.
- Asset Diversification: The largest asset category is goodwill at 40.5% of total assets.
Polished.com Inc Competitors by Total Assets
Key competitors of Polished.com Inc based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
| No similar companies found. | ||
Polished.com 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 - Polished.com Inc generates 2.04x its asset value in annual revenue.
Return on Assets (ROA)
Measures how efficiently a company uses its assets to generate profits
Negative ROA - Polished.com Inc is currently not profitable relative to its asset base.
Polished.com 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 | 1.18 | 1.26 | 1.26 |
| Quick Ratio | 0.85 | 0.84 | 0.84 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | $16.55 Million | $ 25.86 Million | $ 25.86 Million |
Polished.com Inc - Advanced Valuation Insights
This section examines the relationship between Polished.com 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 | - |
| Latest Market Cap to Assets Ratio | 0.00 |
| Asset Growth Rate (YoY) | -31.7% |
| Total Assets | $261.91 Million |
| Market Capitalization | $623.40K USD |
Valuation Analysis
Below Book Valuation: The market values Polished.com Inc's assets below their book value (0.00 x), which may indicate investor concerns about asset quality or future growth.
Significant Asset Reduction: Polished.com Inc's assets decreased by 31.7% over the past year, potentially indicating divestiture, restructuring, or challenging business conditions.
Annual Total Assets for Polished.com Inc (2019–2022)
The table below shows the annual total assets of Polished.com Inc from 2019 to 2022.
| Year | Total Assets | Change |
|---|---|---|
| 2022-09-30 | $261.91 Million | -31.72% |
| 2021-09-30 | $383.59 Million | +1363.14% |
| 2020-09-30 | $26.22 Million | +88.52% |
| 2019-09-30 | $13.91 Million | -- |