t42 IoT Tracking Solutions PLC (TRAC) - Net Assets
Based on the latest financial reports, t42 IoT Tracking Solutions PLC (TRAC) has net assets worth GBX-3.25 Million GBX (≈ $-395.92 USD) as of June 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (GBX3.93 Million ≈ $478.17 USD) and total liabilities (GBX7.18 Million ≈ $874.09 USD). 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. Check t42 IoT Tracking Solutions PLC liquid asset ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | GBX-3.25 Million |
| % of Total Assets | -82.8% |
| Annual Growth Rate | N/A |
| 5-Year Change | -227.65% |
| 10-Year Change | -176.69% |
| Growth Volatility | 200.89 |
t42 IoT Tracking Solutions PLC - Net Assets Trend (2009–2024)
This chart illustrates how t42 IoT Tracking Solutions PLC's net assets have evolved over time, based on quarterly financial data. Also explore TRAC asset base for the complete picture of this company's asset base.
Annual Net Assets for t42 IoT Tracking Solutions PLC (2009–2024)
The table below shows the annual net assets of t42 IoT Tracking Solutions PLC from 2009 to 2024. For live valuation and market cap data, see market value of t42 IoT Tracking Solutions PLC.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | GBX-2.68 Million ≈ $-326.32 |
-185.62% |
| 2023-12-31 | GBX-939.00K ≈ $-114.25 |
-74.54% |
| 2022-12-31 | GBX-538.00K ≈ $-65.46 |
-378.76% |
| 2021-12-31 | GBX193.00K ≈ $23.48 |
-90.81% |
| 2020-12-31 | GBX2.10 Million ≈ $255.63 |
-46.00% |
| 2019-12-31 | GBX3.89 Million ≈ $473.42 |
+0.78% |
| 2018-12-31 | GBX3.86 Million ≈ $469.77 |
+27.34% |
| 2017-12-31 | GBX3.03 Million ≈ $368.91 |
+10.50% |
| 2016-12-31 | GBX2.74 Million ≈ $333.87 |
-21.53% |
| 2015-12-31 | GBX3.50 Million ≈ $425.48 |
-19.94% |
| 2014-12-31 | GBX4.37 Million ≈ $531.46 |
-32.71% |
| 2013-12-31 | GBX6.49 Million ≈ $789.77 |
+137.07% |
| 2012-12-31 | GBX2.74 Million ≈ $333.14 |
+187.61% |
| 2011-12-31 | GBX952.00K ≈ $115.83 |
+530.46% |
| 2010-12-31 | GBX151.00K ≈ $18.37 |
+129.72% |
| 2009-12-31 | GBX-508.00K ≈ $-61.81 |
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Equity Component Analysis
This analysis shows how different components contribute to t42 IoT Tracking Solutions 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 1706400000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Comprehensive Income | GBX1.35 Million | % |
| Other Components | GBX13.54 Million | % |
| Total Equity | GBX-2.68 Million | 100.00% |
t42 IoT Tracking Solutions PLC Competitors by Market Cap
The table below lists competitors of t42 IoT Tracking Solutions PLC ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Beowulf Mining
LSE:BEM
|
$41.48K |
|
London & Associated Properties
LSE:LAS
|
$41.53K |
|
PTT Exploration and Production Public Company Limited
F:PTTG
|
$41.65K |
|
Empyrean Energy Plc
LSE:EME
|
$41.76K |
|
CABASSE S.A. EO -50
F:LB0
|
$40.77K |
|
Bollinger Innovations, Inc.
NASDAQ:BINI
|
$40.49K |
|
Argentex Group PLC
LSE:AGFX
|
$39.86K |
|
British and American Investment Trust PLC
LSE:BAF
|
$39.54K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in t42 IoT Tracking Solutions PLC's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from -939,000 to -2,682,000, a change of -1,743,000.
- Net loss of 1,748,000 reduced equity.
- Other comprehensive income increased equity by 5,000.
- Other factors decreased equity by 0.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | GBX-1.75 Million | -65.18% |
| Other Comprehensive Income | GBX5.00K | +0.19% |
| Total Change | GBX- | % |
Book Value vs Market Value Analysis
This analysis compares t42 IoT Tracking Solutions 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
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2009-12-31 | GBX-0.06 | GBX4.65 | x |
| 2010-12-31 | GBX0.02 | GBX4.65 | x |
| 2011-12-31 | GBX0.11 | GBX4.65 | x |
| 2012-12-31 | GBX0.31 | GBX4.65 | x |
| 2013-12-31 | GBX0.73 | GBX4.65 | x |
| 2014-12-31 | GBX0.42 | GBX4.65 | x |
| 2015-12-31 | GBX0.30 | GBX4.65 | x |
| 2016-12-31 | GBX0.17 | GBX4.65 | x |
| 2017-12-31 | GBX0.13 | GBX4.65 | x |
| 2018-12-31 | GBX0.11 | GBX4.65 | x |
| 2019-12-31 | GBX0.10 | GBX4.65 | x |
| 2020-12-31 | GBX0.05 | GBX4.65 | x |
| 2021-12-31 | GBX0.00 | GBX4.65 | x |
| 2022-12-31 | GBX-0.01 | GBX4.65 | x |
| 2023-12-31 | GBX-0.02 | GBX4.65 | x |
| 2024-12-31 | GBX-0.05 | GBX4.65 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently t42 IoT Tracking Solutions 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): 0.00%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -42.04%
- • Asset Turnover: 0.95x
- • Equity Multiplier: 0.00x
- Recent ROE (0.00%) is above the historical average (-82.63%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2009 | 0.00% | -2.87% | 2.89x | 0.00x | GBX-97.20K |
| 2010 | 448.34% | 12.71% | 1.95x | 18.12x | GBX661.90K |
| 2011 | 82.88% | 14.15% | 1.38x | 4.24x | GBX693.80K |
| 2012 | 49.02% | 16.62% | 1.03x | 2.86x | GBX1.07 Million |
| 2013 | 10.83% | 7.80% | 0.80x | 1.73x | GBX53.90K |
| 2014 | -64.51% | -56.30% | 0.60x | 1.92x | GBX-3.25 Million |
| 2015 | -50.30% | -34.28% | 0.76x | 1.94x | GBX-2.11 Million |
| 2016 | -73.32% | -39.20% | 0.89x | 2.09x | GBX-2.29 Million |
| 2017 | -44.53% | -24.82% | 0.86x | 2.08x | GBX-1.65 Million |
| 2018 | -23.83% | -15.35% | 0.86x | 1.81x | GBX-1.31 Million |
| 2019 | -26.19% | -14.95% | 0.91x | 1.93x | GBX-1.41 Million |
| 2020 | -97.33% | -40.57% | 0.79x | 3.02x | GBX-2.26 Million |
| 2021 | -1533.16% | -70.22% | 0.66x | 33.15x | GBX-2.98 Million |
| 2022 | 0.00% | -24.89% | 0.80x | 0.00x | GBX-952.20K |
| 2023 | 0.00% | -10.49% | 0.80x | 0.00x | GBX-326.10K |
| 2024 | 0.00% | -42.04% | 0.95x | 0.00x | GBX-1.48 Million |
Industry Comparison
This section compares t42 IoT Tracking Solutions PLC's net assets metrics with peer companies in the Scientific & Technical Instruments industry.
Industry Context
- Industry: Scientific & Technical Instruments
- Average net assets among peers: $23,720,085
- Average return on equity (ROE) among peers: 6.17%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| t42 IoT Tracking Solutions PLC (TRAC) | GBX-3.25 Million | 0.00% | N/A | $41.39K |
| Judges Scientific Plc (JDG) | $22.75 Million | 0.36% | 1.56x | $3.77 Million |
| Kromek Group PLC (KMK) | $49.35 Million | -6.67% | 0.42x | $856.84K |
| Ondo InsurTech PLC (ONDO) | $-960.00K | 0.00% | 0.00x | $68.36K |
| Oxford Instruments PLC (OXIG) | $55.80 Million | -2.69% | 1.41x | $19.51 Million |
| PipeHawk plc (PIP) | $-6.39 Million | 0.00% | 0.00x | $12.15K |
| Quartix Holdings Plc (QTX) | $19.60 Million | 24.31% | 0.55x | $1.53 Million |
| Renishaw PLC (RSW) | $44.90 Million | 11.16% | 0.57x | $42.09 Million |
| SDI Group plc (SDI) | $2.12 Million | 9.04% | 1.00x | $954.26K |
| SRT Marine Systems plc (SRT) | $12.92 Million | 3.36% | 0.32x | $2.50 Million |
| Spectris PLC (SXS) | $37.10 Million | 22.80% | 0.75x | $51.08 Million |
About t42 IoT Tracking Solutions PLC
t42 IoT Tracking Solutions PLC, a technology company, sells hardware and software products in the United Kingdom, Israel, and Internationally. The company operates through Hardware and SaaS segments. It provides tetis, a tracking and monitoring solution for cargo; lokies, a keyless padlock with IoT capabilities; kylos, a GPS tracker and management system for asset management, monitoring, tracking… Read more