ParcelPal Technology Inc
ParcelPal Logistics Inc., a courier and logistics company, provides last-mile delivery service and logistics solutions. The company connects people and businesses through its network of couriers in Vancouver, Calgary, and Toronto, Canada, as well as in the western region of the United States. It offers delivery and logistics solutions for business to business, business to customer, and other crea… Read more
ParcelPal Technology Inc (PTNYF) - Total Assets
Latest total assets as of September 2023: $3.80 Million USD
Based on the latest financial reports, ParcelPal Technology Inc (PTNYF) holds total assets worth $3.80 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.
ParcelPal Technology Inc - Total Assets Trend (2011–2022)
This chart illustrates how ParcelPal Technology Inc’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
ParcelPal Technology Inc - Asset Composition Analysis
Current Asset Composition (December 2022)
ParcelPal Technology Inc's total assets of $3.80 Million consist of 7.6% current assets and 92.4% non-current assets.
| Asset Category | Amount (USD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | $0.00 | 1.7% |
| Accounts Receivable | $237.51K | 5.2% |
| Inventory | $0.00 | 0.0% |
| Property, Plant & Equipment | $507.67K | 11.1% |
| Intangible Assets | $0.00 | 0.0% |
| Goodwill | $0.00 | 0.0% |
Asset Composition Trend (2011–2022)
This chart illustrates how ParcelPal Technology 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: ParcelPal Technology Inc's current assets represent 7.6% of total assets in 2022, a decrease from 100.0% in 2011.
- Cash Position: Cash and equivalents constituted 1.7% of total assets in 2022, down from 100.0% in 2011.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 0.0% of total assets, unchanged from 0.0% in 2011.
- Asset Diversification: The largest asset category is property, plant & equipment at 11.1% of total assets.
ParcelPal Technology Inc Competitors by Total Assets
Key competitors of ParcelPal Technology Inc based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
Citic Offshore Helicopter Co Ltd
SHE:000099
|
China | CN¥7.38 Billion |
|
CJ Korea Express
KO:000120
|
Korea | ₩10.35 Trillion |
|
Guangdong Jushen Logistics Co Ltd
SHE:001202
|
China | CN¥1.87 Billion |
|
Yongtaiyun Chemical Logistics Co.Ltd
SHE:001228
|
China | CN¥4.22 Billion |
|
San Yang Ma (Chongqing) Logistics Co.Ltd.
SHE:001317
|
China | CN¥1.90 Billion |
|
YUNDA Holding Co Ltd
SHE:002120
|
China | CN¥36.46 Billion |
|
Hanjin Transportation Co. Ltd.
KO:002320
|
Korea | ₩4.33 Trillion |
|
S.F. Holding Co. Ltd
SHE:002352
|
China | CN¥217.93 Billion |
ParcelPal Technology 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 - ParcelPal Technology Inc generates 2.47x its asset value in annual revenue.
Return on Assets (ROA)
Measures how efficiently a company uses its assets to generate profits
Negative ROA - ParcelPal Technology Inc is currently not profitable relative to its asset base.
ParcelPal Technology 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 | 0.07 | 0.06 | 4.12 |
| Quick Ratio | 0.07 | 0.06 | 4.12 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | $-5.62 Million | $ -5.75 Million | $ 2.08 Million |
ParcelPal Technology Inc - Advanced Valuation Insights
This section examines the relationship between ParcelPal Technology 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 | 43.02 |
| Latest Market Cap to Assets Ratio | 0.05 |
| Asset Growth Rate (YoY) | -16.9% |
| Total Assets | $4.56 Million |
| Market Capitalization | $238.85K USD |
Valuation Analysis
Below Book Valuation: The market values ParcelPal Technology Inc's assets below their book value (0.05 x), which may indicate investor concerns about asset quality or future growth.
Significant Asset Reduction: ParcelPal Technology Inc's assets decreased by 16.9% over the past year, potentially indicating divestiture, restructuring, or challenging business conditions.
Annual Total Assets for ParcelPal Technology Inc (2011–2022)
The table below shows the annual total assets of ParcelPal Technology Inc from 2011 to 2022.
| Year | Total Assets | Change |
|---|---|---|
| 2022-12-31 | $4.56 Million | -16.91% |
| 2021-12-31 | $5.49 Million | +449.35% |
| 2020-12-31 | $999.24K | -23.20% |
| 2019-12-31 | $1.30 Million | -62.79% |
| 2018-12-31 | $3.50 Million | +218.76% |
| 2017-12-31 | $1.10 Million | +319.16% |
| 2016-12-31 | $261.71K | -18.41% |
| 2015-12-31 | $320.76K | +4077.12% |
| 2014-12-31 | $7.68K | -38.95% |
| 2013-12-31 | $12.58K | -94.96% |
| 2012-12-31 | $249.39K | +1317.89% |
| 2011-12-31 | $17.59K | -- |