Q-Free ASA
Q-Free ASA supplies intelligent transportation system products and solutions worldwide. The company operates through two segments, Tolling and Traffic Management. It offers tolling products, including dedicated short-range communication (DSRC)on-board units/transponders, DSRC transceivers, handheld transceivers, security servers, and automated license plate recognition (ALPR) cameras/imaging syst… Read more
Q-Free ASA (QFREF) - Total Assets
Latest total assets as of September 2023: $1.10 Billion USD
Based on the latest financial reports, Q-Free ASA (QFREF) holds total assets worth $1.10 Billion 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.
Q-Free ASA - Total Assets Trend (2014–2022)
This chart illustrates how Q-Free ASA’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
Q-Free ASA - Asset Composition Analysis
Current Asset Composition (December 2022)
Q-Free ASA's total assets of $1.10 Billion consist of 46.4% current assets and 53.6% non-current assets.
| Asset Category | Amount (USD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | $0.00 | 7.1% |
| Accounts Receivable | $68.59 Million | 6.3% |
| Inventory | $86.59 Million | 8.0% |
| Property, Plant & Equipment | $113.75 Million | 10.5% |
| Intangible Assets | $102.96 Million | 9.5% |
| Goodwill | $313.05 Million | 28.9% |
Asset Composition Trend (2014–2022)
This chart illustrates how Q-Free ASA'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: Q-Free ASA's current assets represent 46.4% of total assets in 2022, a decrease from 46.6% in 2014.
- Cash Position: Cash and equivalents constituted 7.1% of total assets in 2022, down from 16.7% in 2014.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 37.0% of total assets, an increase from 23.0% in 2014.
- Asset Diversification: The largest asset category is goodwill at 28.9% of total assets.
Q-Free ASA Competitors by Total Assets
Key competitors of Q-Free ASA based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
Shanxi Sanwei Group Co Ltd
SHE:000755
|
China | CN¥12.11 Billion |
|
Dongguan Development Holdings Co Ltd
SHE:000828
|
China | CN¥16.36 Billion |
|
City Development Environment Co Ltd
SHE:000885
|
China | CN¥32.60 Billion |
|
Xiandai Investment Co Ltd
SHE:000900
|
China | CN¥58.87 Billion |
|
Merchant Express Class A
SHE:001965
|
China | CN¥160.88 Billion |
|
Shandong Sunway Petrochemical Engineering Co Ltd
SHE:002469
|
China | CN¥3.49 Billion |
|
Xinjiang Communications Construction Group Co Ltd Class A
SHE:002941
|
China | CN¥20.85 Billion |
|
Guangdong Provincial Expressway Development Co Ltd
SHE:200429
|
China | HK$24.45 Billion |
Q-Free ASA - 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 - Q-Free ASA generates 0.88x 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, Q-Free ASA generates $ 0.26 in net profit.
Q-Free ASA - 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 | 1.32 | 1.53 | 1.17 |
| Quick Ratio | 1.02 | 1.15 | 0.98 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | $112.41 Million | $ 14.82 Million | $ 62.21 Million |
Q-Free ASA - Advanced Valuation Insights
This section examines the relationship between Q-Free ASA'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 | 3.23 |
| Latest Market Cap to Assets Ratio | 0.12 |
| Asset Growth Rate (YoY) | 14.3% |
| Total Assets | $1.08 Billion |
| Market Capitalization | $128.29 Million USD |
Valuation Analysis
Below Book Valuation: The market values Q-Free ASA's assets below their book value (0.12 x), which may indicate investor concerns about asset quality or future growth.
Rapid Asset Growth: Q-Free ASA's assets grew by 14.3% over the past year, indicating significant expansion of the company's resource base.
Annual Total Assets for Q-Free ASA (2014–2022)
The table below shows the annual total assets of Q-Free ASA from 2014 to 2022.
| Year | Total Assets | Change |
|---|---|---|
| 2022-12-31 | $1.08 Billion | +14.30% |
| 2021-12-31 | $947.76 Million | +11.51% |
| 2020-12-31 | $849.95 Million | -3.76% |
| 2019-12-31 | $883.17 Million | -6.06% |
| 2018-12-31 | $940.15 Million | -12.17% |
| 2017-12-31 | $1.07 Billion | +8.07% |
| 2016-12-31 | $990.42 Million | -0.69% |
| 2015-12-31 | $997.32 Million | +1.37% |
| 2014-12-31 | $983.81 Million | -- |