Solar Integrated Roofing Corp
Solar Integrated Roofing Corporation operates as an integrated and single-source solar power, EV charging, microgrids, and roofing systems installation company in the United States. It serves government, commercial and residential facilities, and properties. The company was formerly known as Landstar Development Group, Inc. and changed its name to Solar Integrated Roofing Corporation in November … Read more
Solar Integrated Roofing Corp (SIRC) - Total Assets
Latest total assets as of September 2024: $9.00 Million USD
Based on the latest financial reports, Solar Integrated Roofing Corp (SIRC) holds total assets worth $9.00 Million USD as of September 2024.
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.
Solar Integrated Roofing Corp - Total Assets Trend (2007–2023)
This chart illustrates how Solar Integrated Roofing Corp’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
Solar Integrated Roofing Corp - Asset Composition Analysis
Current Asset Composition (December 2023)
Solar Integrated Roofing Corp's total assets of $9.00 Million consist of 66.0% current assets and 34.0% non-current assets.
| Asset Category | Amount (USD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | $0.00 | 1.3% |
| Accounts Receivable | $13.21 Million | 62.7% |
| Inventory | $368.68K | 1.8% |
| Property, Plant & Equipment | $0.00 | 0.0% |
| Intangible Assets | $47.83K | 0.2% |
| Goodwill | $5.55 Million | 26.3% |
Asset Composition Trend (2007–2023)
This chart illustrates how Solar Integrated Roofing 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: Solar Integrated Roofing Corp's current assets represent 66.0% of total assets in 2023, an increase from 8.8% in 2007.
- Cash Position: Cash and equivalents constituted 1.3% of total assets in 2023, down from 8.6% in 2007.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 26.0% of total assets, an increase from 0.0% in 2007.
- Asset Diversification: The largest asset category is accounts receivable at 62.7% of total assets.
Solar Integrated Roofing Corp Competitors by Total Assets
Key competitors of Solar Integrated Roofing Corp based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
Shenzhen Topraysolar Co Ltd
SHE:002218
|
China | CN¥6.66 Billion |
|
JA Solar Technology Co Ltd
SHE:002459
|
China | CN¥105.38 Billion |
|
GCL System Integration Technology Co Ltd
SHE:002506
|
China | CN¥19.27 Billion |
|
Changzhou Almaden Co Ltd
SHE:002623
|
China | CN¥5.75 Billion |
|
Hainan Drinda Automotive Trim Co Ltd
SHE:002865
|
China | CN¥18.01 Billion |
|
Hanwha Solutions
KO:009830
|
Korea | ₩32.26 Trillion |
|
Hanwha Chemical Corp Pref
KO:009835
|
Korea | ₩32.26 Trillion |
|
Trive Property Group Bhd
KLSE:0118
|
Malaysia | RM126.77 Million |
Solar Integrated Roofing 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 - Solar Integrated Roofing Corp generates 1.77x its asset value in annual revenue.
Return on Assets (ROA)
Measures how efficiently a company uses its assets to generate profits
Negative ROA - Solar Integrated Roofing Corp is currently not profitable relative to its asset base.
Solar Integrated Roofing 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 | 0.20 | 0.50 | 0.58 |
| Quick Ratio | 0.20 | 0.49 | 0.58 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | $-28.11 Million | $ -17.29 Million | $ -716.91K |
Solar Integrated Roofing Corp - Advanced Valuation Insights
This section examines the relationship between Solar Integrated Roofing 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 | 0.11 |
| Latest Market Cap to Assets Ratio | 0.00 |
| Asset Growth Rate (YoY) | -85.7% |
| Total Assets | $21.06 Million |
| Market Capitalization | $417.26 USD |
Valuation Analysis
Below Book Valuation: The market values Solar Integrated Roofing Corp's assets below their book value (0.00 x), which may indicate investor concerns about asset quality or future growth.
Significant Asset Reduction: Solar Integrated Roofing Corp's assets decreased by 85.7% over the past year, potentially indicating divestiture, restructuring, or challenging business conditions.
Annual Total Assets for Solar Integrated Roofing Corp (2007–2023)
The table below shows the annual total assets of Solar Integrated Roofing Corp from 2007 to 2023.
| Year | Total Assets | Change |
|---|---|---|
| 2023-12-31 | $21.06 Million | -85.67% |
| 2022-12-31 | $146.92 Million | +40.55% |
| 2021-12-31 | $104.53 Million | +393.87% |
| 2020-12-31 | $21.17 Million | +192.63% |
| 2019-12-31 | $7.23 Million | +1329.63% |
| 2018-12-31 | $505.95K | +2.14% |
| 2017-12-31 | $495.37K | -95.32% |
| 2016-12-31 | $10.58 Million | +2.51% |
| 2015-12-31 | $10.32 Million | +1442.29% |
| 2014-12-31 | $669.11K | +75.11% |
| 2009-12-31 | $382.11K | -18.83% |
| 2008-12-31 | $470.74K | -61.22% |
| 2007-12-31 | $1.21 Million | -- |