Way 2 Vat Ltd
Way 2 Vat Ltd, a fintech company, engages in the development of automatic value added tax (VAT) reclaims and compliance applications for enterprises worldwide. The company owns and operates VAT/goods and services tax (GST) reclaim platform. It also provides foreign and local VAT\GST reclaim solutions; VAT\GST reclaims on account payable invoices and travel expenses reclaim services; and automated… Read more
Way 2 Vat Ltd (W2V) - Net Assets
Latest net assets as of June 2025: AU$116.49K AUD
Based on the latest financial reports, Way 2 Vat Ltd (W2V) has net assets worth AU$116.49K AUD as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (AU$5.86 Million) and total liabilities (AU$5.74 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | AU$116.49K |
| % of Total Assets | 1.99% |
| Annual Growth Rate | N/A |
| 5-Year Change | -119.73% |
| 10-Year Change | N/A |
| Growth Volatility | 240.96 |
Way 2 Vat Ltd - Net Assets Trend (2018–2024)
This chart illustrates how Way 2 Vat Ltd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Way 2 Vat Ltd (2018–2024)
The table below shows the annual net assets of Way 2 Vat Ltd from 2018 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | AU$-1.32 Million | -31.44% |
| 2023-12-31 | AU$-1.00 Million | -585.51% |
| 2022-12-31 | AU$207.00K | -92.67% |
| 2021-12-31 | AU$2.82 Million | -57.81% |
| 2020-12-31 | AU$6.69 Million | +261.61% |
| 2019-12-31 | AU$-4.14 Million | -327.89% |
| 2018-12-31 | AU$-968.00K | -- |
Equity Component Analysis
This analysis shows how different components contribute to Way 2 Vat Ltd's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 2468900000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | AU$2.63 Million | % |
| Other Comprehensive Income | AU$2.46 Million | % |
| Other Components | AU$24.40 Million | % |
| Total Equity | AU$-1.32 Million | 100.00% |
Way 2 Vat Ltd Competitors by Market Cap
The table below lists competitors of Way 2 Vat Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Great Northern Minerals Ltd
AU:GNM
|
$7.15 Million |
|
TMT Investments PLC
LSE:TMT
|
$7.15 Million |
|
Logisys Inc
KQ:067730
|
$7.15 Million |
|
Zhong Yuan Bio-Technology Holdings Limited
PINK:ZHYBF
|
$7.15 Million |
|
Kirkstone Metals Corp.
V:KSM
|
$7.14 Million |
|
Wonlim Corp.
KO:005820
|
$7.14 Million |
|
Koncar-Elektroindustrija d.d.
ZSE:KOEI
|
$7.13 Million |
|
Hunyvers SA
PA:ALHUN
|
$7.13 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Way 2 Vat Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from -1,005,000 to -1,321,000, a change of -316,000.
- Net loss of 3,620,000 reduced equity.
- Share repurchases of 2,703,000 reduced equity.
- New share issuances of 2,703,000 increased equity.
- Other comprehensive income decreased equity by 278,000.
- Other factors increased equity by 3,582,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | AU$-3.62 Million | -274.03% |
| Share Repurchases | AU$2.70 Million | -204.62% |
| Share Issuances | AU$2.70 Million | +204.62% |
| Other Comprehensive Income | AU$-278.00K | -21.04% |
| Other Changes | AU$3.58 Million | +271.16% |
| Total Change | AU$- | % |
Book Value vs Market Value Analysis
This analysis compares Way 2 Vat Ltd's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2018-12-31 | AU$-0.01 | AU$0.09 | x |
| 2019-12-31 | AU$-3.67 | AU$0.09 | x |
| 2020-12-31 | AU$0.18 | AU$0.09 | x |
| 2021-12-31 | AU$0.04 | AU$0.09 | x |
| 2022-12-31 | AU$0.00 | AU$0.09 | x |
| 2023-12-31 | AU$0.00 | AU$0.09 | x |
| 2024-12-31 | AU$0.00 | AU$0.09 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Way 2 Vat Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 0.00%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -120.39%
- • Asset Turnover: 0.67x
- • Equity Multiplier: 0.00x
- Recent ROE (0.00%) is above the historical average (-352.03%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2018 | 0.00% | -1116.38% | 0.37x | 0.00x | AU$-3.11 Million |
| 2019 | 0.00% | -875.98% | 0.11x | 0.00x | AU$-3.16 Million |
| 2020 | -34.37% | -222.53% | 0.11x | 1.38x | AU$-2.97 Million |
| 2021 | -225.96% | -483.04% | 0.25x | 1.84x | AU$-6.66 Million |
| 2022 | -2203.86% | -349.58% | 0.29x | 21.81x | AU$-4.58 Million |
| 2023 | 0.00% | -207.47% | 0.49x | 0.00x | AU$-4.15 Million |
| 2024 | 0.00% | -120.39% | 0.67x | 0.00x | AU$-3.49 Million |
Industry Comparison
This section compares Way 2 Vat Ltd's net assets metrics with peer companies in the Software - Infrastructure industry.
Industry Context
- Industry: Software - Infrastructure
- Average net assets among peers: $168,656,596
- Average return on equity (ROE) among peers: -52.21%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Way 2 Vat Ltd (W2V) | AU$116.49K | 0.00% | 49.28x | $7.14 Million |
| Acusensus Ltd (ACE) | $2.70 Million | -46.46% | 0.26x | $96.85 Million |
| Adslot Ltd (ADS) | $2.04 Million | 9.60% | 1.17x | $1.56 Million |
| Archtis Ltd (AR9) | $6.81 Million | -54.69% | 0.31x | $14.43 Million |
| Adveritas Ltd (AV1) | $7.58 Million | -125.18% | 0.27x | $27.64 Million |
| Beforepay Group Ltd (B4P) | $32.63 Million | -89.31% | 0.77x | $30.18 Million |
| Beonic Ltd (BEO) | $7.06 Million | -149.30% | 2.27x | $2.48 Million |
| Cuscal Ltd (CCL) | $1.60 Billion | 28.06% | 2.48x | $419.52 Million |
| Aucyber Ltd (CYB) | $24.90 Million | -85.46% | 0.36x | $65.69K |
| Decidr Ai Industries Ltd (DAI) | $-213.59K | 0.00% | 0.00x | $20.72 Million |
| Dropsuite Ltd (DSE) | $2.95 Million | -9.33% | 0.03x | $185.00 Million |