Sollensys Corp
Sollensys Corp. engages in the development of commercial blockchain applications for cybersecurity in the United States and Canada. It provides Blockchain Archive Server, a turn-key, off-the-shelf, and blockchain solution that works with virtually various hardware and software combinations used in commerce, without the need to replace or eliminate any part of the client's data security. The compa… Read more
Sollensys Corp (SOLS) - Total Assets
Latest total assets as of March 2023: $3.28 Million USD
Based on the latest financial reports, Sollensys Corp (SOLS) holds total assets worth $3.28 Million USD as of March 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.
Sollensys Corp - Total Assets Trend (2010–2022)
This chart illustrates how Sollensys Corp’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
Sollensys Corp - Asset Composition Analysis
Current Asset Composition (December 2022)
Sollensys Corp's total assets of $3.28 Million consist of 34.7% current assets and 65.3% non-current assets.
| Asset Category | Amount (USD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | $0.00 | 24.3% |
| Accounts Receivable | $286.89K | 8.7% |
| Inventory | $12.00K | 0.4% |
| Property, Plant & Equipment | $1.82 Million | 55.5% |
| Intangible Assets | $0.00 | 0.0% |
| Goodwill | $0.00 | 0.0% |
Asset Composition Trend (2010–2022)
This chart illustrates how Sollensys 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: Sollensys Corp's current assets represent 34.7% of total assets in 2022, a decrease from 100.0% in 2010.
- Cash Position: Cash and equivalents constituted 24.3% of total assets in 2022, down from 65.7% in 2010.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 0.0% of total assets, unchanged from 0.0% in 2010.
- Asset Diversification: The largest asset category is property, plant & equipment at 55.5% of total assets.
Sollensys Corp Competitors by Total Assets
Key competitors of Sollensys Corp based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
Eastcompeace Technology Co Ltd
SHE:002017
|
China | CN¥2.97 Billion |
|
Wiscom System Co Ltd
SHE:002090
|
China | CN¥3.17 Billion |
|
Topsec Technologies Group Inc
SHE:002212
|
China | CN¥10.79 Billion |
|
Focus Technology Co Ltd
SHE:002315
|
China | CN¥4.27 Billion |
|
Beijing Venustech Inc
SHE:002439
|
China | CN¥13.16 Billion |
|
Maxvision Technology Corp
SHE:002990
|
China | CN¥3.74 Billion |
|
OpenSys M Bhd
KLSE:0040
|
Malaysia | RM129.25 Million |
|
Managepay Systems Bhd
KLSE:0156
|
Malaysia | RM86.24 Million |
Sollensys 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
Lower asset utilization - Sollensys Corp generates 0.10x its asset value in annual revenue.
Return on Assets (ROA)
Measures how efficiently a company uses its assets to generate profits
Negative ROA - Sollensys Corp is currently not profitable relative to its asset base.
Sollensys 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 | 0.33 | 0.08 | 2.19 |
| Quick Ratio | 0.33 | 0.06 | 2.19 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | $-2.30 Million | $ -3.40 Million | $ 13.95K |
Sollensys Corp - Advanced Valuation Insights
This section examines the relationship between Sollensys 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 | 0.80 |
| Latest Market Cap to Assets Ratio | 0.00 |
| Asset Growth Rate (YoY) | -19.7% |
| Total Assets | $3.28 Million |
| Market Capitalization | $8.29K USD |
Valuation Analysis
Below Book Valuation: The market values Sollensys Corp's assets below their book value (0.00 x), which may indicate investor concerns about asset quality or future growth.
Significant Asset Reduction: Sollensys Corp's assets decreased by 19.7% over the past year, potentially indicating divestiture, restructuring, or challenging business conditions.
Annual Total Assets for Sollensys Corp (2010–2022)
The table below shows the annual total assets of Sollensys Corp from 2010 to 2022.
| Year | Total Assets | Change |
|---|---|---|
| 2022-12-31 | $3.28 Million | -19.70% |
| 2021-12-31 | $4.09 Million | -- |
| 2019-12-31 | $0.00 | -- |
| 2018-12-31 | $0.00 | -- |
| 2011-12-31 | $7.81K | -79.48% |
| 2010-12-31 | $38.07K | -- |