IRemit Inc
IRemit Inc operates in Environmental & Facilities Services.
IRemit Inc (I) - Total Assets
Latest total assets as of June 2023: ₱2.22 Billion PHP
Based on the latest financial reports, IRemit Inc (I) holds total assets worth ₱2.22 Billion PHP as of June 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.
IRemit Inc - Total Assets Trend (2015–2022)
This chart illustrates how IRemit Inc’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
IRemit Inc - Asset Composition Analysis
Current Asset Composition (December 2022)
IRemit Inc's total assets of ₱2.22 Billion consist of 78.3% current assets and 21.7% non-current assets.
| Asset Category | Amount (PHP) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | ₱768.56 Million | 0.0% |
| Accounts Receivable | ₱730.12 Million | 30.8% |
| Inventory | ₱0.00 | 0.0% |
| Property, Plant & Equipment | ₱147.86 Million | 6.2% |
| Intangible Assets | ₱16.83 Million | 0.7% |
| Goodwill | ₱111.21 Million | 4.7% |
Asset Composition Trend (2015–2022)
This chart illustrates how IRemit 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: IRemit Inc's current assets represent 78.3% of total assets in 2022, a decrease from 91.2% in 2015.
- Cash Position: Cash and equivalents constituted 0.0% of total assets in 2022, down from 61.8% in 2015.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 4.0% of total assets, unchanged from 4.0% in 2015.
- Asset Diversification: The largest asset category is cash and equivalents at 0.0% of total assets.
IRemit Inc Competitors by Total Assets
Key competitors of IRemit Inc based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
Kocom Co. Ltd
KQ:015710
|
Korea | ₩150.71 Billion |
|
Sigong Tech Co. Ltd
KQ:020710
|
Korea | ₩213.83 Billion |
|
Korea Environment Technology Co. LTD
KQ:029960
|
Korea | ₩242.93 Billion |
|
NICE Information Service Co. Ltd
KQ:030190
|
Korea | ₩457.24 Billion |
|
Yangjisa Co. Ltd
KQ:030960
|
Korea | ₩213.00 Billion |
|
Paratech Company Limited
KQ:033540
|
Korea | ₩204.90 Billion |
|
KG Mobilians Co. Ltd
KQ:046440
|
Korea | ₩564.94 Billion |
|
EXA E&C Inc
KQ:054940
|
Korea | ₩152.19 Billion |
IRemit 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 - IRemit Inc generates 0.21x its asset value in annual revenue.
Return on Assets (ROA)
Measures how efficiently a company uses its assets to generate profits
Negative ROA - IRemit Inc is currently not profitable relative to its asset base.
IRemit 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 | 1.43 | 1.42 | 1.51 |
| Quick Ratio | 1.43 | 1.42 | 1.51 |
| Cash Ratio | 0.15 | 0.73 | 0.00 |
| Working Capital | ₱497.37 Million | ₱ 718.45 Million | ₱ 1.07 Billion |
IRemit Inc - Advanced Valuation Insights
This section examines the relationship between IRemit 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) | -9.2% |
| Total Assets | ₱2.37 Billion |
| Market Capitalization | $32.16 USD |
Valuation Analysis
Below Book Valuation: The market values IRemit Inc's assets below their book value (0.00 x), which may indicate investor concerns about asset quality or future growth.
Significant Asset Reduction: IRemit Inc's assets decreased by 9.2% over the past year, potentially indicating divestiture, restructuring, or challenging business conditions.
Annual Total Assets for IRemit Inc (2015–2022)
The table below shows the annual total assets of IRemit Inc from 2015 to 2022.
| Year | Total Assets | Change |
|---|---|---|
| 2022-12-31 | ₱2.37 Billion | -9.20% |
| 2021-12-31 | ₱2.61 Billion | -9.14% |
| 2020-12-31 | ₱2.88 Billion | -26.42% |
| 2019-12-31 | ₱3.91 Billion | +5.31% |
| 2018-12-31 | ₱3.71 Billion | +14.72% |
| 2017-12-31 | ₱3.24 Billion | +11.52% |
| 2016-12-31 | ₱2.90 Billion | +12.62% |
| 2015-12-31 | ₱2.58 Billion | -- |