Converge Information & Communications Technology Solutions Inc
Converge Information & Communications Technology Solutions Inc operates in Integrated Telecommunication Services.
Converge Information & Communications Technology Solutions Inc (CNVRG) - Total Assets
Latest total assets as of September 2023: ₱103.02 Billion PHP
Based on the latest financial reports, Converge Information & Communications Technology Solutions Inc (CNVRG) holds total assets worth ₱103.02 Billion PHP as of September 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.
Converge Information & Communications Technology Solutions Inc - Total Assets Trend (2018–2022)
This chart illustrates how Converge Information & Communications Technology Solutions Inc’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
Converge Information & Communications Technology Solutions Inc - Asset Composition Analysis
Current Asset Composition (December 2022)
Converge Information & Communications Technology Solutions Inc's total assets of ₱103.02 Billion consist of 23.0% current assets and 77.0% non-current assets.
| Asset Category | Amount (PHP) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | ₱6.39 Billion | 3.9% |
| Accounts Receivable | ₱3.02 Billion | 3.1% |
| Inventory | ₱4.39 Billion | 4.5% |
| Property, Plant & Equipment | ₱65.83 Billion | 67.1% |
| Intangible Assets | ₱2.38 Billion | 2.4% |
| Goodwill | ₱0.00 | 0.0% |
Asset Composition Trend (2018–2022)
This chart illustrates how Converge Information & Communications 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: Converge Information & Communications Technology Solutions Inc's current assets represent 23.0% of total assets in 2022, a decrease from 28.7% in 2018.
- Cash Position: Cash and equivalents constituted 3.9% of total assets in 2022, up from 3.8% in 2018.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 2.0% of total assets, a decrease from 4.0% in 2018.
- Asset Diversification: The largest asset category is property, plant & equipment at 67.1% of total assets.
Converge Information & Communications Technology Solutions Inc Competitors by Total Assets
Key competitors of Converge Information & Communications Technology Solutions Inc based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
Sejong Telecom Inc
KQ:036630
|
Korea | ₩419.25 Billion |
|
Easycall Communications Philippines Inc
PSE:ECP
|
Philippines | ₱673.55 Million |
|
Dito CME Holdings Corp
PSE:DITO
|
Philippines | ₱193.90 Billion |
|
Globe Telecom Inc
PSE:GLO
|
Philippines | ₱617.53 Billion |
|
Pakistan Telecommunication Company Ltd
KAR:PTC
|
Pakistan | PKRs647.38 Billion |
|
Northcliff Citranusa Indonesia Tbk PT
JK:SKYB
|
Indonesia | Rp38.15 Billion |
|
Satcom Systems Ltd
TA:STCM
|
Israel | ILA58.14 Million |
|
AT&T Inc ELKS
NYSE:TBC
|
USA | $393.72 Billion |
Converge Information & Communications 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
Lower asset utilization - Converge Information & Communications Technology Solutions Inc generates 0.34x its asset value in annual revenue.
Return on Assets (ROA)
Measures how efficiently a company uses its assets to generate profits
Solid ROA - For every $100 in assets, Converge Information & Communications Technology Solutions Inc generates $7.58 in net profit.
Converge Information & Communications 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 | 0.84 | 1.01 | 1.37 |
| Quick Ratio | 0.77 | 0.82 | 1.22 |
| Cash Ratio | 0.48 | 0.44 | 0.00 |
| Working Capital | ₱-4.32 Billion | ₱ 317.16 Million | ₱ 4.07 Billion |
Converge Information & Communications Technology Solutions Inc - Advanced Valuation Insights
This section examines the relationship between Converge Information & Communications 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 | - |
| Latest Market Cap to Assets Ratio | 0.00 |
| Asset Growth Rate (YoY) | 19.8% |
| Total Assets | ₱98.10 Billion |
| Market Capitalization | $2.16K USD |
Valuation Analysis
Below Book Valuation: The market values Converge Information & Communications Technology Solutions Inc's assets below their book value (0.00 x), which may indicate investor concerns about asset quality or future growth.
Rapid Asset Growth: Converge Information & Communications Technology Solutions Inc's assets grew by 19.8% over the past year, indicating significant expansion of the company's resource base.
Annual Total Assets for Converge Information & Communications Technology Solutions Inc (2018–2022)
The table below shows the annual total assets of Converge Information & Communications Technology Solutions Inc from 2018 to 2022.
| Year | Total Assets | Change |
|---|---|---|
| 2022-12-31 | ₱98.10 Billion | +19.83% |
| 2021-12-31 | ₱81.86 Billion | +44.35% |
| 2020-12-31 | ₱56.71 Billion | +82.01% |
| 2019-12-31 | ₱31.16 Billion | +146.20% |
| 2018-12-31 | ₱12.66 Billion | -- |