Novoray Corporation
Novoray Corporation provides industrial powder materials in China and internationally. The company offers crystalline silica powder, fused silica powder, soft composite silica powder, round corner crystalline silica powder, spherical silica powder, spherical aluminum oxide powder, sub-micron spherical silica powder, and acicular powder. It serves electronic materials, electrical insulating materi… Read more
Novoray Corporation (688300) - Total Assets
Latest total assets as of September 2025: CN¥2.22 Billion CNY
Based on the latest financial reports, Novoray Corporation (688300) holds total assets worth CN¥2.22 Billion CNY as of September 2025.
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.
Novoray Corporation - Total Assets Trend (2012–2024)
This chart illustrates how Novoray Corporation’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
Novoray Corporation - Asset Composition Analysis
Current Asset Composition (December 2024)
Novoray Corporation's total assets of CN¥2.22 Billion consist of 56.2% current assets and 43.8% non-current assets.
| Asset Category | Amount (CNY) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | CN¥0.00 | 16.2% |
| Accounts Receivable | CN¥357.44 Million | 18.1% |
| Inventory | CN¥105.67 Million | 5.4% |
| Property, Plant & Equipment | CN¥0.00 | 0.0% |
| Intangible Assets | CN¥58.51 Million | 3.0% |
| Goodwill | CN¥0.00 | 0.0% |
Asset Composition Trend (2012–2024)
This chart illustrates how Novoray Corporation'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: Novoray Corporation's current assets represent 56.2% of total assets in 2024, an increase from 47.1% in 2012.
- Cash Position: Cash and equivalents constituted 16.2% of total assets in 2024, up from 8.7% in 2012.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 2.0% of total assets, a decrease from 7.0% in 2012.
- Asset Diversification: The largest asset category is accounts receivable at 18.1% of total assets.
Novoray Corporation Competitors by Total Assets
Key competitors of Novoray Corporation based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
Akzo Nobel N.V
OTCQX:AKZOF
|
USA | $13.95 Billion |
|
YeSUN Tech Co.Ltd.
KQ:250930
|
Korea | ₩51.65 Billion |
|
Hangzhou Flariant Co Ltd
SHG:605566
|
China | CN¥2.55 Billion |
|
Samhwa Paint
KO:000390
|
Korea | ₩617.09 Billion |
|
DL Holdings CO. LTD.
KO:000210
|
Korea | ₩12.05 Trillion |
|
Norooholdings
KO:000320
|
Korea | ₩1.26 Trillion |
|
Noroo Holdings Co Ltd
KO:000325
|
Korea | ₩1.26 Trillion |
|
Chongqing Sanxia Paints Co Ltd
SHE:000565
|
China | CN¥1.65 Billion |
Novoray Corporation - 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 - Novoray Corporation generates 0.49x 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, Novoray Corporation generates $ 12.75 in net profit.
Novoray Corporation - 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 | 3.07 | 3.30 | 8.84 |
| Quick Ratio | 2.77 | 2.93 | 8.24 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | CN¥931.14 Million | CN¥ 726.85 Million | CN¥ 706.88 Million |
Novoray Corporation - Advanced Valuation Insights
This section examines the relationship between Novoray Corporation'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 | 9.28 |
| Latest Market Cap to Assets Ratio | 0.81 |
| Asset Growth Rate (YoY) | 12.4% |
| Total Assets | CN¥1.97 Billion |
| Market Capitalization | $1.59 Billion USD |
Valuation Analysis
Near Book Valuation: The market values Novoray Corporation's assets close to their book value ( 0.81x), suggesting investors view the company's assets at approximately fair value.
Rapid Asset Growth: Novoray Corporation's assets grew by 12.4% over the past year, indicating significant expansion of the company's resource base.
Annual Total Assets for Novoray Corporation (2012–2024)
The table below shows the annual total assets of Novoray Corporation from 2012 to 2024.
| Year | Total Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥1.97 Billion | +12.38% |
| 2023-12-31 | CN¥1.75 Billion | +14.12% |
| 2022-12-31 | CN¥1.54 Billion | +17.83% |
| 2021-12-31 | CN¥1.30 Billion | +19.43% |
| 2020-12-31 | CN¥1.09 Billion | +6.72% |
| 2019-12-31 | CN¥1.02 Billion | +147.44% |
| 2018-12-31 | CN¥413.73 Million | +36.50% |
| 2017-12-31 | CN¥303.09 Million | +24.13% |
| 2016-12-31 | CN¥244.18 Million | +24.53% |
| 2015-12-31 | CN¥196.09 Million | +10.65% |
| 2014-12-31 | CN¥177.22 Million | -6.74% |
| 2013-12-31 | CN¥190.02 Million | +12.58% |
| 2012-12-31 | CN¥168.79 Million | -- |