iRay Technology Co Ltd (688301) - Total Assets
Based on the latest financial reports, iRay Technology Co Ltd (688301) holds total assets worth CN¥11.33 Billion CNY (≈ $1.66 Billion 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. Check iRay Technology Co Ltd (688301) total reinvestment rate to assess the company's total reinvestment commitment from operating cash flow.
iRay Technology Co Ltd - Total Assets Trend (2015–2024)
This chart illustrates how iRay Technology Co Ltd's total assets have evolved over time, based on quarterly financial data. Check earnings quality score of iRay Technology Co Ltd to evaluate the quality of earnings relative to operating cash generation.
iRay Technology Co Ltd - Asset Composition Analysis
Current Asset Composition (December 2024)
iRay Technology Co Ltd's total assets of CN¥11.33 Billion consist of 43.5% current assets and 56.5% non-current assets.
| Asset Category | Amount (CNY) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | CN¥0.00 | 23.1% |
| Accounts Receivable | CN¥840.05 Million | 9.3% |
| Inventory | CN¥798.28 Million | 8.8% |
| Property, Plant & Equipment | CN¥0.00 | 0.0% |
| Intangible Assets | CN¥221.12 Million | 2.4% |
| Goodwill | CN¥87.78 Million | 1.0% |
Asset Composition Trend (2015–2024)
This chart illustrates how iRay Technology Co Ltd'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. For live market cap, price, and company overview, see iRay Technology Co Ltd stock valuation.
Key Asset Composition Facts
- Current vs. Non-Current Assets: iRay Technology Co Ltd's current assets represent 43.5% of total assets in 2024, a decrease from 87.8% in 2015.
- Cash Position: Cash and equivalents constituted 23.1% of total assets in 2024, down from 41.3% in 2015.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 2.0% of total assets, a decrease from 5.0% in 2015.
- Asset Diversification: The largest asset category is accounts receivable at 9.3% of total assets.
iRay Technology Co Ltd Competitors by Total Assets
Key competitors of iRay Technology Co Ltd based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
Tecan Group AG
SW:TECN
|
Switzerland | CHF1.94 Billion |
|
Nanosonics Ltd
AU:NAN
|
Australia | AU$279.25 Million |
|
SWS Hemodialysis Care Co. Ltd. A
SHG:688410
|
China | CN¥2.06 Billion |
|
Formosa Optical Technology Co Ltd
TWO:5312
|
Taiwan | NT$9.15 Billion |
|
ZEN Graphene Solutions Ltd
V:ZEN
|
Canada | CA$16.87 Million |
|
GETS Global Bhd
KLSE:5079
|
Malaysia | RM400.10 Million |
|
Ansell Ltd
AU:ANN
|
Australia | AU$3.33 Billion |
|
SDI Ltd
AU:SDI
|
Australia | AU$135.84 Million |
iRay Technology Co Ltd - 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 | 3.87 | 5.57 | 11.58 |
| Quick Ratio | 3.25 | 4.23 | 10.84 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | CN¥3.87 Billion | CN¥2.91 Billion | CN¥2.49 Billion |
iRay Technology Co Ltd - Advanced Valuation Insights
This section examines the relationship between iRay Technology Co Ltd'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 | 4.19 |
| Latest Market Cap to Assets Ratio | 0.41 |
| Asset Growth Rate (YoY) | 20.9% |
| Total Assets | CN¥9.08 Billion |
| Market Capitalization | $3.73 Billion USD |
Valuation Analysis
Below Book Valuation: The market values iRay Technology Co Ltd's assets below their book value (0.41x), which may indicate investor concerns about asset quality or future growth.
Rapid Asset Growth: iRay Technology Co Ltd's assets grew by 20.9% over the past year, indicating significant expansion of the company's resource base.
Annual Total Assets for iRay Technology Co Ltd (2015–2024)
The table below shows the annual total assets of iRay Technology Co Ltd from 2015 to 2024.
| Year | Total Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥9.08 Billion ≈ $1.33 Billion |
+20.92% |
| 2023-12-31 | CN¥7.51 Billion ≈ $1.10 Billion |
+29.09% |
| 2022-12-31 | CN¥5.82 Billion ≈ $851.46 Million |
+64.51% |
| 2021-12-31 | CN¥3.54 Billion ≈ $517.59 Million |
+22.16% |
| 2020-12-31 | CN¥2.90 Billion ≈ $423.68 Million |
+315.02% |
| 2019-12-31 | CN¥697.64 Million ≈ $102.09 Million |
+41.89% |
| 2018-12-31 | CN¥491.68 Million ≈ $71.95 Million |
+28.95% |
| 2017-12-31 | CN¥381.30 Million ≈ $55.80 Million |
+46.20% |
| 2016-12-31 | CN¥260.81 Million ≈ $38.16 Million |
+45.24% |
| 2015-12-31 | CN¥179.57 Million ≈ $26.28 Million |
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About iRay Technology Co Ltd
iRay Group, together with its subsidiaries, researches, develops, produces, sells, and services x-ray system components for use in medical, dental, oncology, veterinary, security, and nondestructive testing applications in China and internationally. The company offers wireless and tethered radiography, mammography, and dynamic/real-time detectors; linear detector arrays; X-ray and micro focus X-r… Read more