Akoustis Technologies, Inc. (AKTSQ) - Net Assets
Based on the latest financial reports, Akoustis Technologies, Inc. (AKTSQ) has net assets worth $-65.22 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 ($57.37 Million) and total liabilities ($122.59 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. See Akoustis Technologies, Inc. balance sheet quality to measure how much of total assets are equity-financed.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $-65.22 Million |
| % of Total Assets | -113.67% |
| Annual Growth Rate | N/A |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 71.65 |
Akoustis Technologies, Inc. - Net Assets Trend (2021–2024)
This chart illustrates how Akoustis Technologies, Inc.'s net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see Akoustis Technologies, Inc. stock valuation.
Annual Net Assets for Akoustis Technologies, Inc. (2021–2024)
The table below shows the annual net assets of Akoustis Technologies, Inc. from 2021 to 2024. Also explore Akoustis Technologies, Inc. net asset momentum to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2024-06-30 | $-57.09 Million | -166.20% |
| 2023-06-30 | $86.24 Million | -16.62% |
| 2022-06-30 | $103.43 Million | -11.91% |
| 2021-06-30 | $117.41 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Akoustis Technologies, Inc.'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 29073500000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (June 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | $381.41 Million | % |
| Total Equity | $-57.09 Million | 100.00% |
Akoustis Technologies, Inc. Competitors by Market Cap
The table below lists competitors of Akoustis Technologies, Inc. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Thruvision Group PLC
LSE:THRU
|
$138.67K |
|
Dianomi PLC
LSE:DNM
|
$138.83K |
|
SCANDION ONC. DK-0735
F:8VY
|
$140.86K |
|
QuiaPEG Pharmaceuticals Holding AB
ST:QUIA
|
$141.00K |
|
Boostheat
PA:ALBOO
|
$137.81K |
|
Biosergen AS
ST:BIOSGN
|
$137.73K |
|
Mosman Oil and Gas Ltd
LSE:MSMN
|
$136.82K |
|
Cerinnov Group SA
PA:ALPCV
|
$134.84K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Akoustis Technologies, Inc.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 86,239,000 to -57,094,000, a change of -143,333,000 (-166.2%).
- Net loss of 167,950,000 reduced equity.
- New share issuances of 12,341,000 increased equity.
- Other factors increased equity by 12,276,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-167.95 Million | -294.16% |
| Share Issuances | $12.34 Million | +21.62% |
| Other Changes | $12.28 Million | +21.5% |
| Total Change | $- | -166.20% |
Book Value vs Market Value Analysis
This analysis compares Akoustis Technologies, Inc.'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 |
|---|---|---|---|
| 2021-06-30 | $2.29 | $0.00 | x |
| 2022-06-30 | $1.81 | $0.00 | x |
| 2023-06-30 | $1.20 | $0.00 | x |
| 2024-06-30 | $-0.46 | $0.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Akoustis Technologies, Inc. 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: -613.31%
- • Asset Turnover: 0.39x
- • Equity Multiplier: 0.00x
- Recent ROE (0.00%) is above the historical average (-42.09%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2021 | -37.61% | -667.21% | 0.05x | 1.06x | $-55.90 Million |
| 2022 | -57.07% | -384.54% | 0.10x | 1.56x | $-69.37 Million |
| 2023 | -73.70% | -234.35% | 0.18x | 1.73x | $-72.18 Million |
| 2024 | 0.00% | -613.31% | 0.39x | 0.00x | $-162.24 Million |
Industry Comparison
This section compares Akoustis Technologies, Inc.'s net assets metrics with peer companies in the Communication Equipment industry.
Industry Context
- Industry: Communication Equipment
- Average net assets among peers: $242,666,601
- Average return on equity (ROE) among peers: -275.47%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Akoustis Technologies, Inc. (AKTSQ) | $-65.22 Million | -37.61% | N/A | $138.60K |
| Applied Opt (AAOI) | $333.28 Million | 22.19% | 0.36x | $2.97 Billion |
| ADTRAN Inc (ADTN) | $604.61 Million | 7.57% | 0.31x | $573.47 Million |
| Airgain Inc (AIRG) | $45.15 Million | -5.72% | 0.17x | $58.36 Million |
| Amplitech Group Inc (AMPG) | $91.07K | -845.48% | 3.88x | $85.65 Million |
| Actelis Networks Inc. (ASNS) | $388.00K | -1620.10% | 27.93x | $344.90K |
| Ast Spacemobile Inc (ASTS) | $213.56 Million | -41.00% | 0.69x | $16.32 Billion |
| Aviat Networks Inc (AVNW) | $263.18 Million | 0.51% | 1.41x | $243.87 Million |
| Belden Inc (BDC) | $694.55 Million | 16.46% | 1.57x | $4.35 Billion |
| BK Technologies Inc (BKTI) | $29.20 Million | -13.70% | 0.78x | $310.35 Million |
About Akoustis Technologies, Inc.
Akoustis Technologies, Inc., through its subsidiary, Akoustis, Inc., designs, develops, manufactures, and sells radio frequency (RF) filter products for the wireless industry in the Americas, Asia, Europe, and internationally. It operates in two segments, Fabrication Services and RF Filters. The Fabrication Services segment provides engineering review and backend packaging services. The RF Filter… Read more