Fortnox AB
Fortnox AB (publ) provides smart technical products, packages, services, and integrations for financial and administration applications in small and medium sized businesses, accounting firms, and organizations in Sweden. The company offers accounting products comprising bookkeeping, bookkeeping approval and review, supplier invoice approval, invoice data capture, fixed assets register, read, and … Read more
Fortnox AB (FNOX) - Total Assets
Latest total assets as of March 2025: Skr3.62 Billion SEK
Based on the latest financial reports, Fortnox AB (FNOX) holds total assets worth Skr3.62 Billion SEK as of March 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.
Fortnox AB - Total Assets Trend (2008–2024)
This chart illustrates how Fortnox AB’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
Fortnox AB - Asset Composition Analysis
Current Asset Composition (December 2024)
Fortnox AB's total assets of Skr3.62 Billion consist of 52.8% current assets and 47.2% non-current assets.
| Asset Category | Amount (SEK) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | Skr0.00 | 23.9% |
| Accounts Receivable | Skr949.00 Million | 27.9% |
| Inventory | Skr0.00 | 0.0% |
| Property, Plant & Equipment | Skr0.00 | 0.0% |
| Intangible Assets | Skr555.00 Million | 16.3% |
| Goodwill | Skr485.00 Million | 14.3% |
Asset Composition Trend (2008–2024)
This chart illustrates how Fortnox AB'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: Fortnox AB's current assets represent 52.8% of total assets in 2024, an increase from 32.4% in 2008.
- Cash Position: Cash and equivalents constituted 23.9% of total assets in 2024, up from 4.5% in 2008.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 30.0% of total assets, an increase from 0.0% in 2008.
- Asset Diversification: The largest asset category is accounts receivable at 27.9% of total assets.
Fortnox AB Competitors by Total Assets
Key competitors of Fortnox AB based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
Alpha Modus Holdings, Inc
NASDAQ:AMOD
|
USA | $403.26K |
|
Opter AB
ST:OPTER
|
Sweden | Skr42.72 Million |
|
TurnKey Capital Inc
PINK:TKCI
|
USA | $870.80 Million |
|
Digital China Information Service Co Ltd
SHE:000555
|
China | CN¥13.60 Billion |
|
Fujian Newland Computer Co Ltd
SHE:000997
|
China | CN¥13.83 Billion |
|
YGSOFT Inc
SHE:002063
|
China | CN¥4.58 Billion |
|
Dhc Software Co Ltd
SHE:002065
|
China | CN¥25.81 Billion |
|
Zhejiang Netsun Co Ltd
SHE:002095
|
China | CN¥1.57 Billion |
Fortnox AB - 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 - Fortnox AB generates 0.60x 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, Fortnox AB generates $ 20.91 in net profit.
Fortnox AB - 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 | 2.37 | 1.73 | 1.75 |
| Quick Ratio | 2.37 | 0.73 | 1.58 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | Skr1.15 Billion | Skr 546.00 Million | Skr 210.79 Million |
Fortnox AB - Advanced Valuation Insights
This section examines the relationship between Fortnox AB'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 | 21.20 |
| Latest Market Cap to Assets Ratio | 0.05 |
| Asset Growth Rate (YoY) | 28.1% |
| Total Assets | Skr3.40 Billion |
| Market Capitalization | $162.31 Million USD |
Valuation Analysis
Below Book Valuation: The market values Fortnox AB's assets below their book value (0.05 x), which may indicate investor concerns about asset quality or future growth.
Rapid Asset Growth: Fortnox AB's assets grew by 28.1% over the past year, indicating significant expansion of the company's resource base.
Annual Total Assets for Fortnox AB (2008–2024)
The table below shows the annual total assets of Fortnox AB from 2008 to 2024.
| Year | Total Assets | Change |
|---|---|---|
| 2024-12-31 | Skr3.40 Billion | +28.05% |
| 2023-12-31 | Skr2.65 Billion | +15.20% |
| 2022-12-31 | Skr2.30 Billion | +16.79% |
| 2021-12-31 | Skr1.97 Billion | +111.63% |
| 2020-12-31 | Skr931.42 Million | +68.61% |
| 2019-12-31 | Skr552.40 Million | +37.45% |
| 2018-12-31 | Skr401.88 Million | +24.37% |
| 2017-12-31 | Skr323.14 Million | +106.42% |
| 2016-12-31 | Skr156.54 Million | +41.74% |
| 2015-12-31 | Skr110.44 Million | +52.24% |
| 2014-12-31 | Skr72.55 Million | +37.33% |
| 2013-12-31 | Skr52.83 Million | +15.75% |
| 2012-12-31 | Skr45.64 Million | +16.83% |
| 2011-12-31 | Skr39.06 Million | +29.14% |
| 2010-12-31 | Skr30.25 Million | +0.31% |
| 2009-12-31 | Skr30.16 Million | +30.75% |
| 2008-12-31 | Skr23.06 Million | -- |