Torque Lifestyle Brands Inc
Torque Lifestyle Brands, Inc. develops, manufactures, and markets nutritional supplements for the sports industry in the United States. The company was formerly known as Commodore International Corp. and changed its name to Torque Lifestyle Brands, Inc. in August 2020. The company is headquartered in Wheat Ridge, Colorado.
Torque Lifestyle Brands Inc (TQLB) - Total Assets
Latest total assets as of September 2024: $29.51K USD
Based on the latest financial reports, Torque Lifestyle Brands Inc (TQLB) holds total assets worth $29.51K 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.
Torque Lifestyle Brands Inc - Total Assets Trend (2018–2023)
This chart illustrates how Torque Lifestyle Brands Inc’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
Torque Lifestyle Brands Inc - Asset Composition Analysis
Current Asset Composition (December 2023)
Torque Lifestyle Brands Inc's total assets of $29.51K consist of 100.0% current assets and 0.0% non-current assets.
| Asset Category | Amount (USD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | $0.00 | 18.1% |
| Accounts Receivable | $0.00 | 0.0% |
| Inventory | $0.00 | 0.0% |
| Property, Plant & Equipment | $0.00 | 0.0% |
| Intangible Assets | $0.00 | 0.0% |
| Goodwill | $0.00 | 0.0% |
Asset Composition Trend (2018–2023)
This chart illustrates how Torque Lifestyle Brands 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: Torque Lifestyle Brands Inc's current assets represent 100.0% of total assets in 2023, an increase from 6.1% in 2018.
- Cash Position: Cash and equivalents constituted 18.1% of total assets in 2023, up from 0.0% in 2018.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 0.0% of total assets, unchanged from 0.0% in 2018.
- Asset Diversification: The largest asset category is goodwill at 0.0% of total assets.
Torque Lifestyle Brands Inc Competitors by Total Assets
Key competitors of Torque Lifestyle Brands Inc based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
General Mills Inc
NYSE:GIS
|
USA | $32.55 Billion |
|
Maniker F & G Co. Ltd
KQ:195500
|
Korea | ₩123.42 Billion |
|
Xiwang Foodstuffs Co Ltd
SHE:000639
|
China | CN¥6.08 Billion |
|
Nanfang Black Sesame Group Co Ltd
SHE:000716
|
China | CN¥4.57 Billion |
|
CNFC Overseas Fishery Co Ltd
SHE:000798
|
China | CN¥5.88 Billion |
|
Henan Shuanghui Investment & Development Co Ltd
SHE:000895
|
China | CN¥40.64 Billion |
|
Xinjiang Chalkis Co Ltd
SHE:000972
|
China | CN¥1.25 Billion |
|
Daehan Flour Mills Co Ltd
KO:001130
|
Korea | ₩1.61 Trillion |
Torque Lifestyle Brands 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 - Torque Lifestyle Brands Inc generates 0.00x its asset value in annual revenue.
Return on Assets (ROA)
Measures how efficiently a company uses its assets to generate profits
Negative ROA - Torque Lifestyle Brands Inc is currently not profitable relative to its asset base.
Torque Lifestyle Brands 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 | 1.23 | 2.57 | 0.45 |
| Quick Ratio | 1.23 | 2.57 | 0.44 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | $5.48K | $ 3.53K | $ -12.71 Million |
Torque Lifestyle Brands Inc - Advanced Valuation Insights
This section examines the relationship between Torque Lifestyle Brands 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 | 0.01 |
| Asset Growth Rate (YoY) | -95.5% |
| Total Assets | $2.23K |
| Market Capitalization | $17.06 USD |
Valuation Analysis
Below Book Valuation: The market values Torque Lifestyle Brands Inc's assets below their book value (0.01 x), which may indicate investor concerns about asset quality or future growth.
Significant Asset Reduction: Torque Lifestyle Brands Inc's assets decreased by 95.5% over the past year, potentially indicating divestiture, restructuring, or challenging business conditions.
Annual Total Assets for Torque Lifestyle Brands Inc (2018–2023)
The table below shows the annual total assets of Torque Lifestyle Brands Inc from 2018 to 2023.
| Year | Total Assets | Change |
|---|---|---|
| 2023-12-31 | $2.23K | -95.54% |
| 2022-12-31 | $50.08K | -94.99% |
| 2021-12-31 | $998.85K | +1362.70% |
| 2018-12-31 | $68.29K | -- |