Trutankless Inc
Trutankless, Inc. engages in the research, development, marketing, distribution, and sale of smart electric tankless water heaters in the United States. The company provides water heaters under the Trutankless name; and home.trutankless.com, a customizable online control panel that enables residential and commercial users to obtain real-time status reports, adjust unit temperature settings, view … Read more
Trutankless Inc (TKLS) - Total Assets
Latest total assets as of September 2024: $2.70 Million USD
Based on the latest financial reports, Trutankless Inc (TKLS) holds total assets worth $2.70 Million USD as of September 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.
Trutankless Inc - Total Assets Trend (2008–2023)
This chart illustrates how Trutankless Inc’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
Trutankless Inc - Asset Composition Analysis
Current Asset Composition (December 2023)
Trutankless Inc's total assets of $2.70 Million consist of 10.3% current assets and 89.7% non-current assets.
| Asset Category | Amount (USD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | $0.00 | 8.4% |
| Accounts Receivable | $7.22K | 2.8% |
| Inventory | $117.98K | 46.1% |
| Property, Plant & Equipment | $0.00 | 0.0% |
| Intangible Assets | $11.91K | 4.7% |
| Goodwill | $0.00 | 0.0% |
Asset Composition Trend (2008–2023)
This chart illustrates how Trutankless 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: Trutankless Inc's current assets represent 10.3% of total assets in 2023, a decrease from 100.0% in 2008.
- Cash Position: Cash and equivalents constituted 8.4% of total assets in 2023, down from 100.0% in 2008.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 4.0% of total assets, an increase from 0.0% in 2008.
- Asset Diversification: The largest asset category is inventory at 46.1% of total assets.
Trutankless Inc Competitors by Total Assets
Key competitors of Trutankless Inc based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
Konka Group Co Ltd
SHE:000016
|
China | CN¥29.21 Billion |
|
Tianma Microelectronics Co Ltd
SHE:000050
|
China | CN¥77.26 Billion |
|
Guangdong Goworld Co Ltd
SHE:000823
|
China | CN¥8.51 Billion |
|
Soyea Technology Co Ltd
SHE:000909
|
China | CN¥2.35 Billion |
|
Guangdong AVCiT Tech Hldg Co
SHE:001229
|
China | CN¥1.04 Billion |
|
Emdoor Information Co. Ltd. A
SHE:001314
|
China | CN¥3.90 Billion |
|
Hengdian Group DMEGC Magnetics Co Ltd
SHE:002056
|
China | CN¥25.63 Billion |
|
Goertek Inc
SHE:002241
|
China | CN¥94.82 Billion |
Trutankless 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 - Trutankless Inc generates 0.01x its asset value in annual revenue.
Return on Assets (ROA)
Measures how efficiently a company uses its assets to generate profits
Negative ROA - Trutankless Inc is currently not profitable relative to its asset base.
Trutankless 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 | 0.36 | 0.03 | 0.19 |
| Quick Ratio | 0.35 | 0.01 | 0.17 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | $-4.48 Million | $ -6.72 Million | $ -3.15 Million |
Trutankless Inc - Advanced Valuation Insights
This section examines the relationship between Trutankless 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 | 10.91 |
| Asset Growth Rate (YoY) | 11.8% |
| Total Assets | $255.79K |
| Market Capitalization | $2.79 Million USD |
Valuation Analysis
Premium Asset Valuation: The market values Trutankless Inc's assets at a significant premium ( 10.91x), suggesting investors see substantial growth potential or unique competitive advantages.
Rapid Asset Growth: Trutankless Inc's assets grew by 11.8% over the past year, indicating significant expansion of the company's resource base.
Annual Total Assets for Trutankless Inc (2008–2023)
The table below shows the annual total assets of Trutankless Inc from 2008 to 2023.
| Year | Total Assets | Change |
|---|---|---|
| 2023-12-31 | $255.79K | +11.82% |
| 2022-12-31 | $228.75K | 0.00% |
| 2021-12-31 | $228.75K | -87.27% |
| 2020-12-31 | $1.80 Million | +93.79% |
| 2019-12-31 | $927.24K | +6.48% |
| 2018-12-31 | $870.80K | +70.82% |
| 2017-12-31 | $509.79K | 0.00% |
| 2016-12-31 | $509.79K | -40.54% |
| 2015-12-31 | $857.42K | -4.51% |
| 2014-12-31 | $897.91K | -31.87% |
| 2013-12-31 | $1.32 Million | +3.30% |
| 2012-12-31 | $1.28 Million | +240.73% |
| 2011-12-31 | $374.43K | +779966.67% |
| 2010-12-31 | $48.00 | -99.76% |
| 2009-12-31 | $20.04K | +90.24% |
| 2008-12-31 | $10.53K | -- |