Wavefront Technology Solutions Inc
Wavefront Technology Solutions Inc. develops fluid injection technologies for oil and gas well stimulation and improved/enhanced oil recovery in Canada. The company offers Powerwave process, an injection technology that improves the flow of fluids in geological materials, including sedimentary soils and fractured rock; and Primawave process, a method for aiding in-ground environmental remediation… Read more
Wavefront Technology Solutions Inc (WFTSF) - Total Assets
Latest total assets as of May 2022: $2.17 Million USD
Based on the latest financial reports, Wavefront Technology Solutions Inc (WFTSF) holds total assets worth $2.17 Million USD as of May 2022.
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.
Wavefront Technology Solutions Inc - Total Assets Trend (2007–2021)
This chart illustrates how Wavefront Technology Solutions Inc’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
Wavefront Technology Solutions Inc - Asset Composition Analysis
Current Asset Composition (August 2021)
Wavefront Technology Solutions Inc's total assets of $2.17 Million consist of 62.3% current assets and 37.8% non-current assets.
| Asset Category | Amount (USD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | $0.00 | 49.7% |
| Accounts Receivable | $193.60K | 8.0% |
| Inventory | $52.43K | 2.2% |
| Property, Plant & Equipment | $899.56K | 37.2% |
| Intangible Assets | $0.00 | 0.0% |
| Goodwill | $0.00 | 0.0% |
Asset Composition Trend (2007–2021)
This chart illustrates how Wavefront Technology Solutions 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: Wavefront Technology Solutions Inc's current assets represent 62.3% of total assets in 2021, an increase from 0.0% in 2007.
- Cash Position: Cash and equivalents constituted 49.7% of total assets in 2021, up from 32.9% in 2007.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 0.0% of total assets, a decrease from 29.0% in 2007.
- Asset Diversification: The largest asset category is property, plant & equipment at 37.2% of total assets.
Wavefront Technology Solutions Inc Competitors by Total Assets
Key competitors of Wavefront Technology Solutions Inc based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
Xinjiang Zhundong Petroleum
SHE:002207
|
China | CN¥399.19 Million |
|
Yantai Jereh Oilfield Services Group Co Ltd
SHE:002353
|
China | CN¥38.08 Billion |
|
China Oil HBP Science & Technology Co Ltd
SHE:002554
|
China | CN¥5.76 Billion |
|
Zhejiang Renzhi Co Ltd
SHE:002629
|
China | CN¥269.97 Million |
|
Reservoir Link Energy Bhd
KLSE:0219
|
Malaysia | RM215.28 Million |
|
Ocean Vantage Holdings Bhd
KLSE:0220
|
Malaysia | RM108.28 Million |
|
Aker Solutions OL
F:1AKA
|
Germany | €38.35 Billion |
|
Prime Oil Chemical Service Corp
TW:2904
|
Taiwan | NT$1.82 Billion |
Wavefront Technology Solutions 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
Moderate asset utilization - Wavefront Technology Solutions Inc generates 0.66x its asset value in annual revenue.
Return on Assets (ROA)
Measures how efficiently a company uses its assets to generate profits
Negative ROA - Wavefront Technology Solutions Inc is currently not profitable relative to its asset base.
Wavefront Technology Solutions 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 | 1.26 | 2.58 | 3.47 |
| Quick Ratio | 1.11 | 2.48 | 3.32 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | $285.60K | $ 1.06 Million | $ 2.15 Million |
Wavefront Technology Solutions Inc - Advanced Valuation Insights
This section examines the relationship between Wavefront Technology Solutions 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 | 4.25 |
| Latest Market Cap to Assets Ratio | 0.00 |
| Asset Growth Rate (YoY) | -28.2% |
| Total Assets | $2.42 Million |
| Market Capitalization | $8.99K USD |
Valuation Analysis
Below Book Valuation: The market values Wavefront Technology Solutions Inc's assets below their book value (0.00 x), which may indicate investor concerns about asset quality or future growth.
Significant Asset Reduction: Wavefront Technology Solutions Inc's assets decreased by 28.2% over the past year, potentially indicating divestiture, restructuring, or challenging business conditions.
Annual Total Assets for Wavefront Technology Solutions Inc (2007–2021)
The table below shows the annual total assets of Wavefront Technology Solutions Inc from 2007 to 2021.
| Year | Total Assets | Change |
|---|---|---|
| 2021-08-31 | $2.42 Million | -28.21% |
| 2020-08-31 | $3.37 Million | -19.26% |
| 2019-08-31 | $4.18 Million | -9.73% |
| 2018-08-31 | $4.63 Million | -11.66% |
| 2017-08-31 | $5.24 Million | -35.80% |
| 2016-08-31 | $8.16 Million | -2.15% |
| 2015-08-31 | $8.34 Million | -53.00% |
| 2014-08-31 | $17.73 Million | -23.65% |
| 2013-08-31 | $23.23 Million | -22.21% |
| 2012-08-31 | $29.86 Million | -12.15% |
| 2011-08-31 | $33.99 Million | -2.69% |
| 2010-08-31 | $34.93 Million | +56.21% |
| 2009-08-31 | $22.36 Million | -25.28% |
| 2008-08-31 | $29.92 Million | +91.25% |
| 2007-08-31 | $15.65 Million | -- |