AI TRANSPORTATION ACQUISITION CORP Unit
AI Transportation Acquisition Corp does not have significant operations. The company focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or entities. It intends to focus on businesses in the transportation field, including logistics, new energy vehicles, smart parking, on-board chips and AI a… Read more
AI TRANSPORTATION ACQUISITION CORP Unit (AITRU) - Net Assets
Latest net assets as of September 2024: $61.76 Million USD
Based on the latest financial reports, AI TRANSPORTATION ACQUISITION CORP Unit (AITRU) has net assets worth $61.76 Million USD as of September 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($63.18 Million) and total liabilities ($1.42 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 | $61.76 Million |
| % of Total Assets | 97.75% |
| Annual Growth Rate | N/A |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | N/A |
AI TRANSPORTATION ACQUISITION CORP Unit - Net Assets Trend (2022–2023)
This chart illustrates how AI TRANSPORTATION ACQUISITION CORP Unit's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for AI TRANSPORTATION ACQUISITION CORP Unit (2022–2023)
The table below shows the annual net assets of AI TRANSPORTATION ACQUISITION CORP Unit from 2022 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | $60.04 Million | +1417115.20% |
| 2022-12-31 | $-4.24K | -- |
Equity Component Analysis
This analysis shows how different components contribute to AI TRANSPORTATION ACQUISITION CORP Unit'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 67820000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $60.72 Million | 101.14% |
| Total Equity | $60.04 Million | 100.00% |
AI TRANSPORTATION ACQUISITION CORP Unit Competitors by Market Cap
The table below lists competitors of AI TRANSPORTATION ACQUISITION CORP Unit ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Pacific Construction Co Ltd
TW:2506
|
$54.52 Million |
|
ZOOZ Strategy Ltd.
TA:ZOOZ
|
$54.54 Million |
|
Jeil Pharmaceutical Co Ltd
KO:271980
|
$54.55 Million |
|
M Evo Global Acquisition Corp II Class A Ordinary Shares
NASDAQ:MEVO
|
$54.55 Million |
|
Raba Jarmuipari Holding Nyrt
BUD:RABA
|
$54.49 Million |
|
China Container Terminal Corp
TW:2613
|
$54.48 Million |
|
Odyssey Marine Exploration Inc
NASDAQ:OMEX
|
$54.47 Million |
|
St. Augustine Gold and Copper Limited
PINK:RTLGF
|
$54.47 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in AI TRANSPORTATION ACQUISITION CORP Unit's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from -4,237 to 60,038,934, a change of 60,043,171.
- Net loss of 35,880 reduced equity.
- New share issuances of 62,802,500 increased equity.
- Other factors decreased equity by 2,723,449.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-35.88K | -0.06% |
| Share Issuances | $62.80 Million | +104.6% |
| Other Changes | $-2.72 Million | -4.54% |
| Total Change | $- | % |
Book Value vs Market Value Analysis
This analysis compares AI TRANSPORTATION ACQUISITION CORP Unit'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: 0.44x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2022-12-31 | $0.00 | $11.24 | x |
| 2023-12-31 | $25.38 | $11.24 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently AI TRANSPORTATION ACQUISITION CORP Unit 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): -0.06%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.00%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 1.02x
- Recent ROE (-0.06%) is below the historical average (-0.03%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2022 | 0.00% | 0.00% | 0.00x | 0.00x | $-5.93K |
| 2023 | -0.06% | 0.00% | 0.00x | 1.02x | $-6.04 Million |
Industry Comparison
This section compares AI TRANSPORTATION ACQUISITION CORP Unit's net assets metrics with peer companies in the Shell Companies industry.
Industry Context
- Industry: Shell Companies
- Average net assets among peers: $-48,301,338
- Average return on equity (ROE) among peers: -1.89%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| AI TRANSPORTATION ACQUISITION CORP Unit (AITRU) | $61.76 Million | 0.00% | 0.02x | $54.50 Million |
| Artius II Acquisition Inc. Class A Ordinary Shares (AACB) | $-60.27K | 0.00% | 0.00x | $198.37 Million |
| Artius II Acquisition Inc. Units (AACBU) | $-60.27K | 0.00% | 0.00x | $205.28 Million |
| Ares Acquisition Corporation II (AACT-UN) | $-22.04K | 0.00% | 0.00x | $399.77 Million |
| AA Mission Acquisition Corp. (AAM-UN) | $-468.10 Million | 0.00% | 0.00x | $349.76 Million |
| Global Acquisitions Corporation (AASP) | $-5.96 Million | 0.00% | 0.00x | $15.42 Million |
| ABV Consulting Inc (ABVN) | $-304.95K | 0.00% | 0.00x | $461.96K |
| Atlantic Coastal Acquisition Corp II (ACAB) | $-8.52 Million | 0.00% | 0.00x | $2.44 Million |
| Annabidiol Corp (ACBD) | $-675.40K | 0.00% | 0.00x | $14.42K |
| ACRO Biomedical Co Ltd (ACBM) | $685.87K | -17.12% | 0.46x | $30.04K |
| Huaizhong Health Group Inc (ADAD) | $3.99K | -1.81% | 9.57x | $3.15K |