Thirdeye Systems Ltd
Thirdeye Systems Ltd. engages in the research and development of high-end object recognition algorithms within the thermal spectrum in Israel and internationally. It also develops solutions that are in service with the Israel Defense Forces and other defense companies. Its products include Argus Shield, a state-of-the-art detection and classification AI algorithm; MeduzaX, a C-UAV solution for un… Read more
Thirdeye Systems Ltd (THES) - Total Assets
Latest total assets as of June 2025: ILA29.02 Million ILA
Based on the latest financial reports, Thirdeye Systems Ltd (THES) holds total assets worth ILA29.02 Million ILA as of June 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.
Thirdeye Systems Ltd - Total Assets Trend (2013–2024)
This chart illustrates how Thirdeye Systems Ltd’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
Thirdeye Systems Ltd - Asset Composition Analysis
Current Asset Composition (December 2024)
Thirdeye Systems Ltd's total assets of ILA29.02 Million consist of 92.6% current assets and 7.4% non-current assets.
| Asset Category | Amount (ILA) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | ILA0.00 | 29.0% |
| Accounts Receivable | ILA12.32 Million | 45.1% |
| Inventory | ILA4.72 Million | 17.3% |
| Property, Plant & Equipment | ILA0.00 | 0.0% |
| Intangible Assets | ILA0.00 | 0.0% |
| Goodwill | ILA0.00 | 0.0% |
Asset Composition Trend (2013–2024)
This chart illustrates how Thirdeye Systems 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.
Key Asset Composition Facts
- Current vs. Non-Current Assets: Thirdeye Systems Ltd's current assets represent 92.6% of total assets in 2024, an increase from 46.9% in 2013.
- Cash Position: Cash and equivalents constituted 29.0% of total assets in 2024, up from 16.7% in 2013.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 0.0% of total assets, unchanged from 0.0% in 2013.
- Asset Diversification: The largest asset category is accounts receivable at 45.1% of total assets.
Thirdeye Systems Ltd Competitors by Total Assets
Key competitors of Thirdeye Systems Ltd based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
Zhejiang Dahua Technology Co Ltd
SHE:002236
|
China | CN¥52.14 Billion |
|
Shenzhen Infinova Ltd
SHE:002528
|
China | CN¥1.89 Billion |
|
Shenzhen TVT Digital Technology Co Ltd
SHE:002835
|
China | CN¥1.55 Billion |
|
Jade Bird Fire Alarm
SHE:002960
|
China | CN¥9.73 Billion |
|
Beijing Telesound Electronics Co Ltd
SHE:003004
|
China | CN¥1.27 Billion |
|
Mirae ING Co Ltd
KO:007120
|
Korea | ₩71.72 Billion |
|
S-1 Corp
KO:012750
|
Korea | ₩2.38 Trillion |
|
Hitron Systems
KO:019490
|
Korea | ₩44.03 Billion |
Thirdeye Systems Ltd - 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 - Thirdeye Systems Ltd generates 0.64x its asset value in annual revenue.
Return on Assets (ROA)
Measures how efficiently a company uses its assets to generate profits
Negative ROA - Thirdeye Systems Ltd is currently not profitable relative to its asset base.
Thirdeye Systems 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 | 1.58 | 1.19 | 0.00 |
| Quick Ratio | 1.23 | 1.01 | 0.00 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | ILA9.94 Million | ILA 3.37 Million | ILA -22.75 Million |
Thirdeye Systems Ltd - Advanced Valuation Insights
This section examines the relationship between Thirdeye Systems 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 | 27.18 |
| Latest Market Cap to Assets Ratio | 0.03 |
| Asset Growth Rate (YoY) | 59.2% |
| Total Assets | ILA27.32 Million |
| Market Capitalization | $720.84K USD |
Valuation Analysis
Below Book Valuation: The market values Thirdeye Systems Ltd's assets below their book value (0.03 x), which may indicate investor concerns about asset quality or future growth.
Rapid Asset Growth: Thirdeye Systems Ltd's assets grew by 59.2% over the past year, indicating significant expansion of the company's resource base.
Annual Total Assets for Thirdeye Systems Ltd (2013–2024)
The table below shows the annual total assets of Thirdeye Systems Ltd from 2013 to 2024.
| Year | Total Assets | Change |
|---|---|---|
| 2024-12-31 | ILA27.32 Million | +59.19% |
| 2023-12-31 | ILA17.16 Million | +50.15% |
| 2022-12-31 | ILA11.43 Million | +15.85% |
| 2021-12-31 | ILA9.87 Million | +66.60% |
| 2020-12-31 | ILA5.92 Million | +30.44% |
| 2019-12-31 | ILA4.54 Million | +2.53% |
| 2018-12-31 | ILA4.43 Million | +8.88% |
| 2017-12-31 | ILA4.07 Million | -21.44% |
| 2016-12-31 | ILA5.18 Million | -66.46% |
| 2015-12-31 | ILA15.43 Million | -27.04% |
| 2014-12-31 | ILA21.15 Million | -49.16% |
| 2013-12-31 | ILA41.61 Million | -- |