Genifi Inc.
genifi inc. provides Fintech solutions in Canada. It offers SaaS API platforms, such as IDVerifact, a digital identity solutions that can detect fraud, prove identity, and gather rich data attributes to assess risk; and tunl.chat, an artificial intelligence powered chat assistant. genifi inc. is based in Toronto, Canada.
Genifi Inc. (GNFI) - Total Assets
Latest total assets as of March 2024: CA$3.68 Million CAD
Based on the latest financial reports, Genifi Inc. (GNFI) holds total assets worth CA$3.68 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.
Genifi Inc. - Total Assets Trend (2020–2023)
This chart illustrates how Genifi Inc.’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
Genifi Inc. - Asset Composition Analysis
Current Asset Composition (December 2023)
Genifi Inc.'s total assets of CA$3.68 Million consist of 97.7% current assets and 2.3% non-current assets.
| Asset Category | Amount (CAD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | CA$0.00 | 43.1% |
| Accounts Receivable | CA$352.93K | 9.6% |
| Inventory | CA$0.00 | 0.0% |
| Property, Plant & Equipment | CA$0.00 | 0.0% |
| Intangible Assets | CA$0.00 | 0.0% |
| Goodwill | CA$0.00 | 0.0% |
Asset Composition Trend (2020–2023)
This chart illustrates how Genifi 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: Genifi Inc.'s current assets represent 97.7% of total assets in 2023, an increase from 82.7% in 2020.
- Cash Position: Cash and equivalents constituted 43.1% of total assets in 2023, up from 38.8% in 2020.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 0.0% of total assets, a decrease from 11.0% in 2020.
- Asset Diversification: The largest asset category is accounts receivable at 9.6% of total assets.
Genifi Inc. Competitors by Total Assets
Key competitors of Genifi Inc. based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
Shijihengtong Technology Co. Ltd. A
SHE:301428
|
China | CN¥2.48 Billion |
|
ZJBC Information Technology Co Ltd
SHE:000889
|
China | CN¥889.19 Million |
|
Yunnan Nantian Electronics Information Co Ltd
SHE:000948
|
China | CN¥8.21 Billion |
|
NetX Holdings Bhd
KLSE:0020
|
Malaysia | RM111.41 Million |
|
Guomai Technologies Inc
SHE:002093
|
China | CN¥4.63 Billion |
|
Shanghai HiTech Control System
SHE:002184
|
China | CN¥3.19 Billion |
|
SZZT Electronics Co Ltd
SHE:002197
|
China | CN¥5.70 Billion |
|
Talkweb Information System Co Ltd
SHE:002261
|
China | CN¥4.24 Billion |
Genifi 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 - Genifi Inc. generates 0.55x 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, Genifi Inc. generates $ 169.42 in net profit.
Genifi 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 | 4.19 | 2.13 | 2.13 |
| Quick Ratio | 4.19 | 2.13 | 2.13 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | CA$2.74 Million | CA$ 2.73 Million | CA$ 2.73 Million |
Genifi Inc. - Advanced Valuation Insights
This section examines the relationship between Genifi 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 | 0.56 |
| Latest Market Cap to Assets Ratio | 0.10 |
| Asset Growth Rate (YoY) | -20.7% |
| Total Assets | CA$3.66 Million |
| Market Capitalization | $364.23K USD |
Valuation Analysis
Below Book Valuation: The market values Genifi Inc.'s assets below their book value (0.10 x), which may indicate investor concerns about asset quality or future growth.
Significant Asset Reduction: Genifi Inc.'s assets decreased by 20.7% over the past year, potentially indicating divestiture, restructuring, or challenging business conditions.
Annual Total Assets for Genifi Inc. (2020–2023)
The table below shows the annual total assets of Genifi Inc. from 2020 to 2023.
| Year | Total Assets | Change |
|---|---|---|
| 2023-12-31 | CA$3.66 Million | -20.66% |
| 2022-12-31 | CA$4.62 Million | -54.70% |
| 2021-12-31 | CA$10.19 Million | +85.78% |
| 2020-12-31 | CA$5.49 Million | -- |