Novoray Corporation (688300) - Total Assets
Based on the latest financial reports, Novoray Corporation (688300) holds total assets worth CN¥2.22 Billion CNY (≈ $324.64 Million USD) 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. Also see Novoray Corporation (688300) market capitalisation for the company's overall valuation and market capitalisation.
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. Review 688300 current and long-term liabilities to assess the company's total debt and financial obligations.
| 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. See current stock price of Novoray Corporation for real-time trading data and today's change.
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 |
|---|---|---|
|
Peric Special Gases Co. Ltd. A
SHG:688146
|
China | CN¥7.65 Billion |
|
Akzo Nobel NV
AS:AKZA
|
Netherlands | €13.95 Billion |
|
Brenntag SE
F:BNR
|
Germany | €11.67 Billion |
|
Yunnan Chuangxin New Material Co Ltd
SHE:002812
|
China | CN¥50.02 Billion |
|
Huaibei Mining Holdings Co Ltd
SHG:600985
|
China | CN¥89.26 Billion |
|
LB Group Co Ltd
SHE:002601
|
China | CN¥63.89 Billion |
|
Zhongfu Shenying Carbon Fiber Co. Ltd. A
SHG:688295
|
China | CN¥10.25 Billion |
|
Suzhou Crystal Clear Chemical Co Ltd
SHE:300655
|
China | CN¥5.29 Billion |
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 | 3.01 |
| Asset Growth Rate (YoY) | 12.4% |
| Total Assets | CN¥1.97 Billion |
| Market Capitalization | $5.93 Billion USD |
Valuation Analysis
Premium Asset Valuation: The market values Novoray Corporation's assets at a significant premium (3.01x), suggesting investors see substantial growth potential or unique competitive advantages.
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 ≈ $288.56 Million |
+12.38% |
| 2023-12-31 | CN¥1.75 Billion ≈ $256.77 Million |
+14.12% |
| 2022-12-31 | CN¥1.54 Billion ≈ $225.00 Million |
+17.83% |
| 2021-12-31 | CN¥1.30 Billion ≈ $190.95 Million |
+19.43% |
| 2020-12-31 | CN¥1.09 Billion ≈ $159.88 Million |
+6.72% |
| 2019-12-31 | CN¥1.02 Billion ≈ $149.80 Million |
+147.44% |
| 2018-12-31 | CN¥413.73 Million ≈ $60.54 Million |
+36.50% |
| 2017-12-31 | CN¥303.09 Million ≈ $44.35 Million |
+24.13% |
| 2016-12-31 | CN¥244.18 Million ≈ $35.73 Million |
+24.53% |
| 2015-12-31 | CN¥196.09 Million ≈ $28.69 Million |
+10.65% |
| 2014-12-31 | CN¥177.22 Million ≈ $25.93 Million |
-6.74% |
| 2013-12-31 | CN¥190.02 Million ≈ $27.81 Million |
+12.58% |
| 2012-12-31 | CN¥168.79 Million ≈ $24.70 Million |
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About 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