Steer Technologies Inc.
Argo Corporation provides technology-enabled transit solutions in Canada. The company offers Argo Transit, a platform that offers municipalities a transit solution which Argo Transit has been deployed can use the Argo app to request trips at or near door for a standard transit fare. It also provides Argo School, a platform to serve the student transportation market. The company was formerly known… Read more
Steer Technologies Inc. (ARGH) - Total Assets
Latest total assets as of March 2024: CA$26.40 Million CAD
Based on the latest financial reports, Steer Technologies Inc. (ARGH) holds total assets worth CA$26.40 Million CAD as of March 2024.
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.
Steer Technologies Inc. - Total Assets Trend (2020–2023)
This chart illustrates how Steer Technologies Inc.’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
Steer Technologies Inc. - Asset Composition Analysis
Current Asset Composition (December 2023)
Steer Technologies Inc.'s total assets of CA$26.40 Million consist of 1.9% current assets and 98.1% non-current assets.
| Asset Category | Amount (CAD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | CA$0.00 | 0.6% |
| Accounts Receivable | CA$289.53K | 1.1% |
| Inventory | CA$0.00 | 0.0% |
| Property, Plant & Equipment | CA$0.00 | 0.0% |
| Intangible Assets | CA$315.42K | 1.2% |
| Goodwill | CA$0.00 | 0.0% |
Asset Composition Trend (2020–2023)
This chart illustrates how Steer Technologies Inc.'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: Steer Technologies Inc.'s current assets represent 1.9% of total assets in 2023, a decrease from 21.0% in 2020.
- Cash Position: Cash and equivalents constituted 0.6% of total assets in 2023, down from 13.0% in 2020.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 1.0% of total assets, a decrease from 29.0% in 2020.
- Asset Diversification: The largest asset category is intangible assets at 1.2% of total assets.
Steer Technologies Inc. Competitors by Total Assets
Key competitors of Steer Technologies Inc. based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
IQuest Co. Ltd.
KQ:262840
|
Korea | ₩104.88 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 |
|
Montnets Cloud Technology Group Co Ltd
SHE:002123
|
China | CN¥3.29 Billion |
|
Beijing Shiji Information Technology Co Ltd
SHE:002153
|
China | CN¥9.36 Billion |
|
Shanghai 2345 Network Holding Group
SHE:002195
|
China | CN¥10.73 Billion |
Steer Technologies Inc. - 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 - Steer Technologies Inc. generates 0.69x its asset value in annual revenue.
Return on Assets (ROA)
Measures how efficiently a company uses its assets to generate profits
Moderate ROA - For every $100 in assets, Steer Technologies Inc. generates $ 3.56 in net profit.
Steer Technologies Inc. - 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 | 0.16 | 0.53 | 0.53 |
| Quick Ratio | 0.16 | 0.52 | 0.52 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | CA$-13.30 Million | CA$ -4.70 Million | CA$ -4.70 Million |
Steer Technologies Inc. - Advanced Valuation Insights
This section examines the relationship between Steer Technologies Inc.'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 | 26.55 |
| Latest Market Cap to Assets Ratio | 1.53 |
| Asset Growth Rate (YoY) | -19.8% |
| Total Assets | CA$25.70 Million |
| Market Capitalization | $39.23 Million USD |
Valuation Analysis
Above Book Valuation: The market values Steer Technologies Inc.'s assets above their book value (1.53 x), reflecting positive investor sentiment about the company's future prospects.
Significant Asset Reduction: Steer Technologies Inc.'s assets decreased by 19.8% over the past year, potentially indicating divestiture, restructuring, or challenging business conditions.
Annual Total Assets for Steer Technologies Inc. (2020–2023)
The table below shows the annual total assets of Steer Technologies Inc. from 2020 to 2023.
| Year | Total Assets | Change |
|---|---|---|
| 2023-12-31 | CA$25.70 Million | -19.76% |
| 2022-12-31 | CA$32.03 Million | +8.47% |
| 2021-12-31 | CA$29.53 Million | +3.31% |
| 2020-12-31 | CA$28.59 Million | -- |