TruTrace Technologies Inc
TruTrace Technologies Inc. ideates, architects, designs, develops, and deploys a software platform in Canada. It offers TruTrace, a cloud-based blockchain software that connects quality control and inventory management for food, pharma, cosmetics, and agroscience industries to track products from manufacturing to sale. The company also provides StrainSecure, a cloud-based blockchain software that… Read more
TruTrace Technologies Inc (TTTSF) - Total Assets
Latest total assets as of January 2023: $120.49K USD
Based on the latest financial reports, TruTrace Technologies Inc (TTTSF) holds total assets worth $120.49K USD as of January 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.
TruTrace Technologies Inc - Total Assets Trend (2012–2022)
This chart illustrates how TruTrace Technologies Inc’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
TruTrace Technologies Inc - Asset Composition Analysis
Current Asset Composition (April 2022)
TruTrace Technologies Inc's total assets of $120.49K consist of 92.7% current assets and 7.3% non-current assets.
| Asset Category | Amount (USD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | $0.00 | 3.4% |
| Accounts Receivable | $104.85K | 89.3% |
| Inventory | $0.00 | 0.0% |
| Property, Plant & Equipment | $8.52K | 7.3% |
| Intangible Assets | $0.00 | 0.0% |
| Goodwill | $0.00 | 0.0% |
Asset Composition Trend (2012–2022)
This chart illustrates how TruTrace Technologies 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: TruTrace Technologies Inc's current assets represent 92.7% of total assets in 2022, an increase from 89.6% in 2012.
- Cash Position: Cash and equivalents constituted 3.4% of total assets in 2022, down from 89.6% in 2012.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 0.0% of total assets, unchanged from 0.0% in 2012.
- Asset Diversification: The largest asset category is accounts receivable at 89.3% of total assets.
TruTrace Technologies Inc Competitors by Total Assets
Key competitors of TruTrace Technologies Inc based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
Alpha Modus Holdings, Inc
NASDAQ:AMOD
|
USA | $403.26K |
|
Opter AB
ST:OPTER
|
Sweden | Skr42.72 Million |
|
TurnKey Capital Inc
PINK:TKCI
|
USA | $870.80 Million |
|
Digital China Information Service Co Ltd
SHE:000555
|
China | CN¥13.60 Billion |
|
Fujian Newland Computer Co Ltd
SHE:000997
|
China | CN¥13.83 Billion |
|
YGSOFT Inc
SHE:002063
|
China | CN¥4.58 Billion |
|
Dhc Software Co Ltd
SHE:002065
|
China | CN¥25.81 Billion |
|
Zhejiang Netsun Co Ltd
SHE:002095
|
China | CN¥1.57 Billion |
TruTrace Technologies 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
Strong asset utilization - TruTrace Technologies Inc generates 1.01x its asset value in annual revenue.
Return on Assets (ROA)
Measures how efficiently a company uses its assets to generate profits
Negative ROA - TruTrace Technologies Inc is currently not profitable relative to its asset base.
TruTrace Technologies 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 | 0.04 | 0.19 | 0.13 |
| Quick Ratio | 0.04 | 0.19 | 0.13 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | $-3.10 Million | $ -1.52 Million | $ -225.56K |
TruTrace Technologies Inc - Advanced Valuation Insights
This section examines the relationship between TruTrace Technologies 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 | 6.91 |
| Asset Growth Rate (YoY) | -91.8% |
| Total Assets | $117.41K |
| Market Capitalization | $811.26K USD |
Valuation Analysis
Premium Asset Valuation: The market values TruTrace Technologies Inc's assets at a significant premium ( 6.91x), suggesting investors see substantial growth potential or unique competitive advantages.
Significant Asset Reduction: TruTrace Technologies Inc's assets decreased by 91.8% over the past year, potentially indicating divestiture, restructuring, or challenging business conditions.
Annual Total Assets for TruTrace Technologies Inc (2012–2022)
The table below shows the annual total assets of TruTrace Technologies Inc from 2012 to 2022.
| Year | Total Assets | Change |
|---|---|---|
| 2022-04-30 | $117.41K | -91.78% |
| 2021-04-30 | $1.43 Million | +1490.64% |
| 2020-04-30 | $89.82K | -93.42% |
| 2019-04-30 | $1.36 Million | +4030.17% |
| 2018-04-30 | $33.03K | +120.37% |
| 2017-04-30 | $14.99K | -83.57% |
| 2015-04-30 | $91.22K | -51.05% |
| 2014-04-30 | $186.35K | -42.00% |
| 2013-04-30 | $321.28K | +107.32% |
| 2012-04-30 | $154.97K | -- |