Skychain Technologies Inc
Skychain Technologies Inc. provides power and energy solutions for crypto miners in Canada. It manufactures and sells parts for cryptocurrency miner containers; and provides warehouse space, low-cost electricity, and maintenance and hosting services to crypto miners, as well as consulting services. The company was formerly known as Green Valley Mine Incorporated and changed its name to Skychain T… Read more
Skychain Technologies Inc (SKTCF) - Total Assets
Latest total assets as of December 2023: $1.05 Million USD
Based on the latest financial reports, Skychain Technologies Inc (SKTCF) holds total assets worth $1.05 Million USD as of December 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.
Skychain Technologies Inc - Total Assets Trend (2001–2023)
This chart illustrates how Skychain Technologies Inc’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
Skychain Technologies Inc - Asset Composition Analysis
Current Asset Composition (March 2023)
Skychain Technologies Inc's total assets of $1.05 Million consist of 46.1% current assets and 53.9% non-current assets.
| Asset Category | Amount (USD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | $0.00 | 18.1% |
| Accounts Receivable | $251.27K | 15.4% |
| Inventory | $-251.27K | -15.4% |
| Property, Plant & Equipment | $744.71K | 45.7% |
| Intangible Assets | $0.00 | 0.0% |
| Goodwill | $0.00 | 0.0% |
Asset Composition Trend (2001–2023)
This chart illustrates how Skychain Technologies 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: Skychain Technologies Inc's current assets represent 46.1% of total assets in 2023, an increase from 0.1% in 2001.
- Cash Position: Cash and equivalents constituted 18.1% of total assets in 2023, up from 0.0% in 2001.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 0.0% of total assets, unchanged from 0.0% in 2001.
- Asset Diversification: The largest asset category is property, plant & equipment at 45.7% of total assets.
Skychain Technologies Inc Competitors by Total Assets
Key competitors of Skychain Technologies Inc based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
Shijihengtong Technology Co. Ltd. A
SHE:301428
|
China | CN¥2.48 Billion |
|
ZJBC Information Technology Co Ltd
SHE:000889
|
China | CN¥889.19 Million |
|
Yunnan Nantian Electronics Information Co Ltd
SHE:000948
|
China | CN¥8.21 Billion |
|
NetX Holdings Bhd
KLSE:0020
|
Malaysia | RM111.41 Million |
|
Guomai Technologies Inc
SHE:002093
|
China | CN¥4.63 Billion |
|
Shanghai HiTech Control System
SHE:002184
|
China | CN¥3.19 Billion |
|
SZZT Electronics Co Ltd
SHE:002197
|
China | CN¥5.70 Billion |
|
Talkweb Information System Co Ltd
SHE:002261
|
China | CN¥4.24 Billion |
Skychain Technologies 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
Lower asset utilization - Skychain Technologies Inc generates 0.24x its asset value in annual revenue.
Return on Assets (ROA)
Measures how efficiently a company uses its assets to generate profits
Negative ROA - Skychain Technologies Inc is currently not profitable relative to its asset base.
Skychain Technologies 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 | 0.03 | 0.16 | 0.24 |
| Quick Ratio | 0.03 | 0.16 | 0.14 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | $-6.34 Million | $ -4.19 Million | $ -896.48K |
Skychain Technologies Inc - Advanced Valuation Insights
This section examines the relationship between Skychain Technologies 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 | 2.37 |
| Latest Market Cap to Assets Ratio | 0.12 |
| Asset Growth Rate (YoY) | -71.9% |
| Total Assets | $1.63 Million |
| Market Capitalization | $198.78K USD |
Valuation Analysis
Below Book Valuation: The market values Skychain Technologies Inc's assets below their book value (0.12 x), which may indicate investor concerns about asset quality or future growth.
Significant Asset Reduction: Skychain Technologies Inc's assets decreased by 71.9% over the past year, potentially indicating divestiture, restructuring, or challenging business conditions.
Annual Total Assets for Skychain Technologies Inc (2001–2023)
The table below shows the annual total assets of Skychain Technologies Inc from 2001 to 2023.
| Year | Total Assets | Change |
|---|---|---|
| 2023-03-31 | $1.63 Million | -71.94% |
| 2022-03-31 | $5.80 Million | +380.29% |
| 2021-03-31 | $1.21 Million | -1.66% |
| 2020-03-31 | $1.23 Million | -15.04% |
| 2019-03-31 | $1.45 Million | +15.62% |
| 2018-03-31 | $1.25 Million | +2465.70% |
| 2017-03-31 | $48.74K | +175.68% |
| 2016-03-31 | $17.68K | +8.84% |
| 2015-03-31 | $16.25K | -76.34% |
| 2014-03-31 | $68.67K | +345.74% |
| 2013-03-31 | $15.40K | +21.39% |
| 2012-03-31 | $12.69K | -98.49% |
| 2011-03-31 | $837.83K | -1.38% |
| 2010-03-31 | $849.55K | -0.11% |
| 2009-03-31 | $850.48K | +0.13% |
| 2008-03-31 | $849.39K | +8.05% |
| 2007-03-31 | $786.14K | +23.58% |
| 2006-03-31 | $636.14K | +13.63% |
| 2005-03-31 | $559.81K | -27.96% |
| 2004-03-31 | $777.05K | +15.02% |
| 2003-03-31 | $675.59K | +16.73% |
| 2002-03-31 | $578.77K | +6.95% |
| 2001-03-31 | $541.16K | -- |