Tan Delta Systems PLC
Tan Delta Systems plc engages in the development, manufacture, and sale of oil sensors in the United Kingdom, Europe, North and South America, Asia, and the Middle East. The company offers oil quality sensors; kits, including mobile oil test, display, and gateway kits; accessories, such as gateways, display express, gateway hubs, manifolds, and cables; and oil profiling services. It serves the bi… Read more
Tan Delta Systems PLC (TAND) - Net Assets
Latest net assets as of June 2025: GBX3.01 Million GBX
Based on the latest financial reports, Tan Delta Systems PLC (TAND) has net assets worth GBX3.01 Million GBX as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (GBX3.23 Million) and total liabilities (GBX227.60K). 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 | GBX3.01 Million |
| % of Total Assets | 92.96% |
| Annual Growth Rate | 111.09% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 373.45 |
Tan Delta Systems PLC - Net Assets Trend (2020–2024)
This chart illustrates how Tan Delta Systems PLC's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Tan Delta Systems PLC (2020–2024)
The table below shows the annual net assets of Tan Delta Systems PLC from 2020 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | GBX3.79 Million | -22.97% |
| 2023-12-31 | GBX4.92 Million | +892.50% |
| 2022-12-31 | GBX496.00K | +131.78% |
| 2021-12-31 | GBX214.00K | +12.04% |
| 2020-12-31 | GBX191.00K | -- |
Equity Component Analysis
This analysis shows how different components contribute to Tan Delta Systems PLC'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 38944800.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | GBX73.22K | 1.93% |
| Other Components | GBX5.48 Million | 144.57% |
| Total Equity | GBX3.79 Million | 100.00% |
Tan Delta Systems PLC Competitors by Market Cap
The table below lists competitors of Tan Delta Systems PLC ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
CEMENT.T. JSC
VN:TMX
|
$3.30K |
|
MIDLAND HLDG
MU:MTK
|
$3.30K |
|
Conair Corporation
PINK:CNGA
|
$3.30K |
|
Cairo For Investment And Real Estate Development
EGX:CIRF
|
$3.30K |
|
Ellies
JSE:ELI
|
$3.30K |
|
CGS International Inc
PINK:CGSI
|
$3.29K |
|
Baltic International USA Inc
PINK:BISA
|
$3.29K |
|
Endocan Corp
PINK:ENDO
|
$3.29K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Tan Delta Systems PLC's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 4,922,789 to 3,791,974, a change of -1,130,815 (-23.0%).
- Net loss of 1,167,720 reduced equity.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | GBX-1.17 Million | -30.79% |
| Other Changes | GBX36.91K | +0.97% |
| Total Change | GBX- | -22.97% |
Book Value vs Market Value Analysis
This analysis compares Tan Delta Systems PLC'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
- Current price-to-book ratio: 637.24x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 12651.23x to 637.24x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2020-12-31 | GBX0.00 | GBX33.00 | x |
| 2021-12-31 | GBX0.00 | GBX33.00 | x |
| 2022-12-31 | GBX0.01 | GBX33.00 | x |
| 2023-12-31 | GBX0.08 | GBX33.00 | x |
| 2024-12-31 | GBX0.05 | GBX33.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Tan Delta Systems PLC 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): -30.79%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -96.08%
- • Asset Turnover: 0.28x
- • Equity Multiplier: 1.15x
- Recent ROE (-30.79%) is below the historical average (6.79%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2020 | 19.37% | 3.53% | 1.63x | 3.36x | GBX17.90K |
| 2021 | 10.75% | 2.25% | 1.42x | 3.37x | GBX1.60K |
| 2022 | 56.95% | 17.93% | 1.50x | 2.12x | GBX232.86K |
| 2023 | -22.35% | -75.49% | 0.27x | 1.11x | GBX-1.59 Million |
| 2024 | -30.79% | -96.08% | 0.28x | 1.15x | GBX-1.55 Million |
Industry Comparison
This section compares Tan Delta Systems PLC's net assets metrics with peer companies in the Oil & Gas Equipment & Services industry.
Industry Context
- Industry: Oil & Gas Equipment & Services
- Average net assets among peers: $74,465,971
- Average return on equity (ROE) among peers: -14.18%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Tan Delta Systems PLC (TAND) | GBX3.01 Million | 19.37% | 0.08x | $3.30K |
| Ashtead Technology Holdings PLC (AT) | $27.66 Million | 0.00% | 1.14x | $43.41K |
| Chesterfield Special Cylinders Holdings Plc (CSC) | $14.11 Million | 25.78% | 0.40x | $2.35K |
| Gulf Marine Services PLC (GMS) | $444.25 Million | 6.64% | 1.12x | $29.37K |
| Getech Group (GTC) | $462.00K | 38.96% | 2.34x | $405.88 |
| Enteq Upstream (NTQ) | $11.08 Million | -19.12% | 0.16x | $61.89 |
| Pressure Technologies Plc (PRES) | $13.31 Million | -141.78% | 1.64x | $1.60K |
| Thalassa Holdings Ltd (THAL) | $10.39 Million | -9.76% | 0.06x | $455.97 |