SPENN Technology A/S
SPARK Technology A/S, a FinTech company, provides digital banking and payments services through software-as-a-service (SaaS) solution in Denmark. The company offers SPENN platform, a financial platform for financial inclusion through mobile banking applications and empowering businesses through payment solutions. It also engages in the development, maintenance, licensing, and sale of IT-systems a… Read more
SPENN Technology A/S (SPNNF) - Total Assets
Latest total assets as of December 2023: $173.81 Million USD
Based on the latest financial reports, SPENN Technology A/S (SPNNF) holds total assets worth $173.81 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.
SPENN Technology A/S - Total Assets Trend (2019–2023)
This chart illustrates how SPENN Technology A/S’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
SPENN Technology A/S - Asset Composition Analysis
Current Asset Composition (December 2023)
SPENN Technology A/S's total assets of $173.81 Million consist of 34.8% current assets and 65.2% non-current assets.
| Asset Category | Amount (USD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | $0.00 | 5.3% |
| Accounts Receivable | $43.08 Million | 24.8% |
| Inventory | $4.43 Million | 2.6% |
| Property, Plant & Equipment | $0.00 | 0.0% |
| Intangible Assets | $22.29 Million | 12.8% |
| Goodwill | $52.62 Million | 30.3% |
Asset Composition Trend (2019–2023)
This chart illustrates how SPENN Technology A/S'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: SPENN Technology A/S's current assets represent 34.8% of total assets in 2023, a decrease from 92.6% in 2019.
- Cash Position: Cash and equivalents constituted 5.3% of total assets in 2023, up from 0.0% in 2019.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 42.0% of total assets, an increase from 5.0% in 2019.
- Asset Diversification: The largest asset category is goodwill at 30.3% of total assets.
SPENN Technology A/S Competitors by Total Assets
Key competitors of SPENN Technology A/S based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
MGT Capital Investments Inc
PINK:MGTI
|
USA | $36.00K |
|
XTRA Bitcoin Inc
PINK:CBTC
|
USA | $109.64K |
|
Shenwan Hongyuan Group Co Ltd
SHE:000166
|
China | CN¥721.97 Billion |
|
Northeast Securities Co Ltd
SHE:000686
|
China | CN¥110.06 Billion |
|
Guangdong Golden Dragon Development Inc
SHE:000712
|
China | CN¥22.93 Billion |
|
Sealand Securities Co Ltd
SHE:000750
|
China | CN¥74.96 Billion |
|
GF Securities Co Ltd
SHE:000776
|
China | CN¥953.44 Billion |
|
Changjiang Securities Co Ltd
SHE:000783
|
China | CN¥191.54 Billion |
SPENN Technology A/S - 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 - SPENN Technology A/S generates 0.27x its asset value in annual revenue.
Return on Assets (ROA)
Measures how efficiently a company uses its assets to generate profits
Negative ROA - SPENN Technology A/S is currently not profitable relative to its asset base.
SPENN Technology A/S - 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 | 1.21 | 0.95 | 1.15 |
| Quick Ratio | 1.12 | 0.90 | 1.02 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | $10.59 Million | $ -4.21 Million | $ 6.25 Million |
SPENN Technology A/S - Advanced Valuation Insights
This section examines the relationship between SPENN Technology A/S'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 | 0.68 |
| Latest Market Cap to Assets Ratio | 0.05 |
| Asset Growth Rate (YoY) | -37.5% |
| Total Assets | $173.81 Million |
| Market Capitalization | $8.99 Million USD |
Valuation Analysis
Below Book Valuation: The market values SPENN Technology A/S's assets below their book value (0.05 x), which may indicate investor concerns about asset quality or future growth.
Significant Asset Reduction: SPENN Technology A/S's assets decreased by 37.5% over the past year, potentially indicating divestiture, restructuring, or challenging business conditions.
Annual Total Assets for SPENN Technology A/S (2019–2023)
The table below shows the annual total assets of SPENN Technology A/S from 2019 to 2023.
| Year | Total Assets | Change |
|---|---|---|
| 2023-12-31 | $173.81 Million | -37.46% |
| 2022-12-31 | $277.90 Million | +138.34% |
| 2021-12-31 | $116.60 Million | +7458.13% |
| 2020-12-31 | $1.54 Million | -79.95% |
| 2019-12-31 | $7.70 Million | -- |