Skye Petroleum Inc
Skye Petroleum, Inc. provides production chemical treatment services to oil companies in the United States. It offers production chemicals, which include solvents, dispersants, and wax inhibitors; cleaning compounds, such as degreasers; coiled tubing, including lubricants, scale control inhibitor products, viscosifiers, iron control agents, oxygen scavengers, H2S control scavengers, and corrosion… Read more
Skye Petroleum Inc (SKPO) - Total Assets
Latest total assets as of March 2025: $86.35K USD
Based on the latest financial reports, Skye Petroleum Inc (SKPO) holds total assets worth $86.35K USD as of March 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.
Skye Petroleum Inc - Total Assets Trend (2008–2024)
This chart illustrates how Skye Petroleum Inc’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
Skye Petroleum Inc - Asset Composition Analysis
Current Asset Composition (December 2024)
Skye Petroleum Inc's total assets of $86.35K consist of 66.7% current assets and 33.3% non-current assets.
| Asset Category | Amount (USD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | $0.00 | 45.7% |
| Accounts Receivable | $2.40K | 2.1% |
| Inventory | $21.98K | 18.9% |
| Property, Plant & Equipment | $0.00 | 0.0% |
| Intangible Assets | $38.67K | 33.3% |
| Goodwill | $0.00 | 0.0% |
Asset Composition Trend (2008–2024)
This chart illustrates how Skye Petroleum 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: Skye Petroleum Inc's current assets represent 66.7% of total assets in 2024, a decrease from 100.0% in 2008.
- Cash Position: Cash and equivalents constituted 45.7% of total assets in 2024, down from 100.0% in 2008.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 33.0% of total assets, an increase from 0.0% in 2008.
- Asset Diversification: The largest asset category is intangible assets at 33.3% of total assets.
Skye Petroleum Inc Competitors by Total Assets
Key competitors of Skye Petroleum Inc based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
Xinjiang Zhundong Petroleum
SHE:002207
|
China | CN¥399.19 Million |
|
Yantai Jereh Oilfield Services Group Co Ltd
SHE:002353
|
China | CN¥38.08 Billion |
|
China Oil HBP Science & Technology Co Ltd
SHE:002554
|
China | CN¥5.76 Billion |
|
Zhejiang Renzhi Co Ltd
SHE:002629
|
China | CN¥269.97 Million |
|
Reservoir Link Energy Bhd
KLSE:0219
|
Malaysia | RM215.28 Million |
|
Ocean Vantage Holdings Bhd
KLSE:0220
|
Malaysia | RM108.28 Million |
|
Aker Solutions OL
F:1AKA
|
Germany | €38.35 Billion |
|
Prime Oil Chemical Service Corp
TW:2904
|
Taiwan | NT$1.82 Billion |
Skye Petroleum 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
Moderate asset utilization - Skye Petroleum Inc generates 0.64x its asset value in annual revenue.
Return on Assets (ROA)
Measures how efficiently a company uses its assets to generate profits
Negative ROA - Skye Petroleum Inc is currently not profitable relative to its asset base.
Skye Petroleum 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 | 10.50 | 5.96 | 2.04 |
| Quick Ratio | 7.86 | 4.73 | 1.84 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | $62.48K | $ 82.97K | $ 37.11K |
Skye Petroleum Inc - Advanced Valuation Insights
This section examines the relationship between Skye Petroleum 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) | -44.0% |
| Total Assets | $116.16K |
| Market Capitalization | $47.76 USD |
Valuation Analysis
Below Book Valuation: The market values Skye Petroleum Inc's assets below their book value (0.00 x), which may indicate investor concerns about asset quality or future growth.
Significant Asset Reduction: Skye Petroleum Inc's assets decreased by 44.0% over the past year, potentially indicating divestiture, restructuring, or challenging business conditions.
Annual Total Assets for Skye Petroleum Inc (2008–2024)
The table below shows the annual total assets of Skye Petroleum Inc from 2008 to 2024.
| Year | Total Assets | Change |
|---|---|---|
| 2024-12-31 | $116.16K | -44.01% |
| 2023-12-31 | $207.48K | -29.23% |
| 2022-12-31 | $293.17K | -24.52% |
| 2021-12-31 | $388.43K | -20.55% |
| 2020-12-31 | $488.90K | -15.87% |
| 2019-12-31 | $581.11K | -11.22% |
| 2018-12-31 | $654.57K | -12.30% |
| 2017-12-31 | $746.39K | -10.75% |
| 2016-12-31 | $836.26K | -13.97% |
| 2015-12-31 | $972.06K | -12.58% |
| 2014-12-31 | $1.11 Million | -5.82% |
| 2011-12-31 | $1.18 Million | -6.20% |
| 2010-12-31 | $1.26 Million | +2994.55% |
| 2009-12-31 | $40.67K | +76645.28% |
| 2008-12-31 | $53.00 | -- |