Velocity Energy Inc
Velocity Energy Inc., an independent energy company, engages in the acquisition, exploration, development, and production of oil and natural gas. The company's operations are located in Matagorda Bay, Calhoun County, Texas. It also focuses on the exploration of oil and natural gas in the Appalachian Basin. Velocity Energy Inc. was formerly known as Sonterra Resources, Inc. and changed its name to… Read more
Velocity Energy Inc (VCYE) - Total Assets
Latest total assets as of March 2011: $1.71 Million USD
Based on the latest financial reports, Velocity Energy Inc (VCYE) holds total assets worth $1.71 Million USD as of March 2011.
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.
Velocity Energy Inc - Total Assets Trend (2005–2010)
This chart illustrates how Velocity Energy Inc’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
Velocity Energy Inc - Asset Composition Analysis
Current Asset Composition (December 2010)
Velocity Energy Inc's total assets of $1.71 Million consist of 3.5% current assets and 96.5% non-current assets.
| Asset Category | Amount (USD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | $0.00 | 1.2% |
| Accounts Receivable | $27.94K | 1.6% |
| Inventory | $0.00 | 0.0% |
| Property, Plant & Equipment | $1.62 Million | 90.3% |
| Intangible Assets | $0.00 | 0.0% |
| Goodwill | $0.00 | 0.0% |
Asset Composition Trend (2005–2010)
This chart illustrates how Velocity Energy 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: Velocity Energy Inc's current assets represent 3.5% of total assets in 2010, a decrease from 100.0% in 2005.
- Cash Position: Cash and equivalents constituted 1.2% of total assets in 2010, down from 100.0% in 2005.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 0.0% of total assets, unchanged from 0.0% in 2005.
- Asset Diversification: The largest asset category is property, plant & equipment at 90.3% of total assets.
Velocity Energy Inc Competitors by Total Assets
Key competitors of Velocity Energy Inc based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
Aker BP ASA
PINK:AKRBF
|
USA | $42.88 Billion |
|
Jadestone Energy plc
PINK:JDSEF
|
USA | $1.12 Billion |
|
Helium Evolution Incorporated
PINK:HEEVF
|
USA | $21.95 Million |
|
One Step Vending Corp
PINK:KOSK
|
USA | $578.00K |
|
Melbana Energy Ltd
AU:MAY
|
Australia | AU$80.17 Million |
|
Black Rock Petroleum Co
PINK:BKRP
|
USA | $1.39K |
|
West Texas Resources Inc
PINK:WTXR
|
USA | $150.96K |
|
Shanxi Blue Flame Holding Co Ltd
SHE:000968
|
China | CN¥11.13 Billion |
Velocity Energy 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 - Velocity Energy Inc generates 0.20x its asset value in annual revenue.
Return on Assets (ROA)
Measures how efficiently a company uses its assets to generate profits
Excellent ROA - For every $100 in assets, Velocity Energy Inc generates $ 16.53 in net profit.
Velocity Energy 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 | 0.02 | 0.13 | 0.47 |
| Quick Ratio | 0.02 | 0.02 | 0.47 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | $-1.20 Million | $ -12.15 Million | $ -225.11K |
Velocity Energy Inc - Advanced Valuation Insights
This section examines the relationship between Velocity Energy 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 | 0.00 |
| Asset Growth Rate (YoY) | -55.8% |
| Total Assets | $1.79 Million |
| Market Capitalization | $0.99 USD |
Valuation Analysis
Below Book Valuation: The market values Velocity Energy Inc's assets below their book value (0.00 x), which may indicate investor concerns about asset quality or future growth.
Significant Asset Reduction: Velocity Energy Inc's assets decreased by 55.8% over the past year, potentially indicating divestiture, restructuring, or challenging business conditions.
Annual Total Assets for Velocity Energy Inc (2005–2010)
The table below shows the annual total assets of Velocity Energy Inc from 2005 to 2010.
| Year | Total Assets | Change |
|---|---|---|
| 2010-12-31 | $1.79 Million | -55.77% |
| 2009-12-31 | $4.06 Million | -67.45% |
| 2008-12-31 | $12.47 Million | +31685.92% |
| 2007-12-31 | $39.22K | -85.31% |
| 2006-12-31 | $267.04K | +2.32% |
| 2005-12-31 | $261.00K | -- |