Taiga Motors Corporation
Taiga Motors Corporation engages in the research and development, design, production, marketing, and distribution of electric powersports vehicles. It offers electric snowmobiles under the Nomad Utility brand, and personal watercraft under the Orca, and Orca Carbon brands. The company also provides aftermarket sales of parts, upgrades, and other accessories. It offers its products direct-to-consu… Read more
Taiga Motors Corporation (TAIMF) - Total Assets
Latest total assets as of March 2024: $78.18 Million USD
Based on the latest financial reports, Taiga Motors Corporation (TAIMF) holds total assets worth $78.18 Million USD as of March 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.
Taiga Motors Corporation - Total Assets Trend (2016–2023)
This chart illustrates how Taiga Motors Corporation’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
Taiga Motors Corporation - Asset Composition Analysis
Current Asset Composition (December 2023)
Taiga Motors Corporation's total assets of $78.18 Million consist of 53.2% current assets and 46.8% non-current assets.
| Asset Category | Amount (USD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | $0.00 | 6.1% |
| Accounts Receivable | $5.39 Million | 6.2% |
| Inventory | $33.24 Million | 38.1% |
| Property, Plant & Equipment | $0.00 | 0.0% |
| Intangible Assets | $1.46 Million | 1.7% |
| Goodwill | $0.00 | 0.0% |
Asset Composition Trend (2016–2023)
This chart illustrates how Taiga Motors Corporation'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: Taiga Motors Corporation's current assets represent 53.2% of total assets in 2023, a decrease from 65.4% in 2016.
- Cash Position: Cash and equivalents constituted 6.1% of total assets in 2023, down from 43.3% in 2016.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 1.0% of total assets, an increase from 0.0% in 2016.
- Asset Diversification: The largest asset category is inventory at 38.1% of total assets.
Taiga Motors Corporation Competitors by Total Assets
Key competitors of Taiga Motors Corporation based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
KR Motors Co. Ltd.
KO:000040
|
Korea | ₩96.16 Billion |
|
MasterCraft Boat Holdings Inc
F:1SG
|
Germany | €259.31 Million |
|
SA Catana Group
PA:CATG
|
France | €225.89 Million |
|
Zhejiang CFMoto Power Co Ltd
SHG:603129
|
China | CN¥18.17 Billion |
|
Jiangsu Xinri E-Vehicle Co Ltd
SHG:603787
|
China | CN¥4.02 Billion |
|
Alexander Marine Co Ltd
TW:8478
|
Taiwan | NT$15.41 Billion |
|
Her Chee Industrial Co Ltd
TWO:8937
|
Taiwan | NT$4.60 Billion |
|
Vietnam Manufacturing and Export Processing (Holdings) Limited
TW:9110
|
Taiwan | NT$106.59 Million |
Taiga Motors Corporation - 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 - Taiga Motors Corporation generates 0.18x its asset value in annual revenue.
Return on Assets (ROA)
Measures how efficiently a company uses its assets to generate profits
Negative ROA - Taiga Motors Corporation is currently not profitable relative to its asset base.
Taiga Motors Corporation - 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 | 1.48 | 4.58 | 0.07 |
| Quick Ratio | 0.24 | 3.10 | 0.07 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | $12.58 Million | $ 58.84 Million | $ -116.10 Million |
Taiga Motors Corporation - Advanced Valuation Insights
This section examines the relationship between Taiga Motors Corporation'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 | 0.92 |
| Latest Market Cap to Assets Ratio | 0.05 |
| Asset Growth Rate (YoY) | -7.5% |
| Total Assets | $87.23 Million |
| Market Capitalization | $4.21 Million USD |
Valuation Analysis
Below Book Valuation: The market values Taiga Motors Corporation's assets below their book value (0.05 x), which may indicate investor concerns about asset quality or future growth.
Significant Asset Reduction: Taiga Motors Corporation's assets decreased by 7.5% over the past year, potentially indicating divestiture, restructuring, or challenging business conditions.
Annual Total Assets for Taiga Motors Corporation (2016–2023)
The table below shows the annual total assets of Taiga Motors Corporation from 2016 to 2023.
| Year | Total Assets | Change |
|---|---|---|
| 2023-12-31 | $87.23 Million | -7.51% |
| 2022-12-31 | $94.31 Million | -34.91% |
| 2021-12-31 | $144.90 Million | +1068.11% |
| 2020-12-31 | $12.40 Million | +2384.10% |
| 2019-12-31 | $499.36K | 0.00% |
| 2018-12-31 | $499.36K | -34.18% |
| 2017-12-31 | $758.72K | +391.67% |
| 2016-12-31 | $154.31K | -- |