BYND Cannasoft Enterprises Inc.
Femto Technologies Inc. develops and manufactures women's wellness devices and services. It offers its products for muscle relief and relaxation, redefining skin, and nurturing its hair, as well as sexual wellness devices. The company owns and markets Benefit customer relationship management (CRM), a proprietary customer relationship management software product that enables small and medium-sized… Read more
BYND Cannasoft Enterprises Inc. (BCAN) - Net Assets
Latest net assets as of September 2024: $2.93 Million USD
Based on the latest financial reports, BYND Cannasoft Enterprises Inc. (BCAN) has net assets worth $2.93 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 ($34.00 Million) and total liabilities ($31.07 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 | $2.93 Million |
| % of Total Assets | 8.62% |
| Annual Growth Rate | 151.84% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 317.15 |
BYND Cannasoft Enterprises Inc. - Net Assets Trend (2018–2023)
This chart illustrates how BYND Cannasoft Enterprises Inc.'s net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for BYND Cannasoft Enterprises Inc. (2018–2023)
The table below shows the annual net assets of BYND Cannasoft Enterprises Inc. from 2018 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | $34.83 Million | -29.32% |
| 2022-12-31 | $49.27 Million | +603.83% |
| 2021-12-31 | $7.00 Million | +2822.46% |
| 2020-12-31 | $-257.13K | -2789.80% |
| 2019-12-31 | $-8.90K | -102.59% |
| 2018-12-31 | $344.01K | -- |
Equity Component Analysis
This analysis shows how different components contribute to BYND Cannasoft Enterprises 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 7498.8% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $59.37 Million | 170.47% |
| Other Comprehensive Income | $6.52K | 0.02% |
| Other Components | $764.83K | 2.20% |
| Total Equity | $34.83 Million | 100.00% |
BYND Cannasoft Enterprises Inc. Competitors by Market Cap
The table below lists competitors of BYND Cannasoft Enterprises Inc. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
SQUARE INC.
BE:SQ3
|
$566.38K |
|
Enorama Pharma AB
ST:ERMA
|
$566.46K |
|
iDimension Consolidated Bhd
KLSE:0174
|
$566.90K |
|
Sydinvest Fjernøsten Akkumulerende KL
CO:SYIFJERADKKA
|
$566.94K |
|
Nuvve Holding Corp
NASDAQ:NVVE
|
$565.97K |
|
Kulthorn Kirby Public Company Limited
BK:KKC
|
$565.96K |
|
Lincoln Ventures Ltd
V:LX-H
|
$565.87K |
|
Deneb Investments Ltd
JSE:DNB
|
$565.81K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in BYND Cannasoft Enterprises Inc.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 49,270,699 to 34,826,225, a change of -14,444,474 (-29.3%).
- Net loss of 18,495,121 reduced equity.
- New share issuances of 4,695,751 increased equity.
- Other comprehensive income decreased equity by 22,507.
- Other factors decreased equity by 622,597.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-18.50 Million | -53.11% |
| Share Issuances | $4.70 Million | +13.48% |
| Other Comprehensive Income | $-22.51K | -0.06% |
| Other Changes | $-622.60K | -1.79% |
| Total Change | $- | -29.32% |
Book Value vs Market Value Analysis
This analysis compares BYND Cannasoft Enterprises 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
- Current price-to-book ratio: 0.00x
- 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.
- The price-to-book ratio has decreased from 0.15x to 0.00x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2018-12-31 | $7.99 | $1.22 | x |
| 2019-12-31 | $-0.21 | $1.22 | x |
| 2020-12-31 | $-5.84 | $1.22 | x |
| 2021-12-31 | $59.56 | $1.22 | x |
| 2022-12-31 | $293.77 | $1.22 | x |
| 2023-12-31 | $2901.46 | $1.22 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently BYND Cannasoft Enterprises 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): -53.11%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -1717.50%
- • Asset Turnover: 0.03x
- • Equity Multiplier: 1.06x
- Recent ROE (-53.11%) is below the historical average (-18.47%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2018 | 15.37% | 3.38% | 2.02x | 2.25x | $18.46K |
| 2019 | 0.00% | -20.68% | 2.25x | 0.00x | $-330.21K |
| 2020 | 0.00% | -1.50% | 1.47x | 0.00x | $5.54K |
| 2021 | -69.69% | -400.73% | 0.16x | 1.07x | $-5.58 Million |
| 2022 | -3.38% | -148.23% | 0.02x | 1.01x | $-6.59 Million |
| 2023 | -53.11% | -1717.50% | 0.03x | 1.06x | $-21.98 Million |
Industry Comparison
This section compares BYND Cannasoft Enterprises Inc.'s net assets metrics with peer companies in the Software - Application industry.
Industry Context
- Industry: Software - Application
- Average net assets among peers: $1,558,090,989
- Average return on equity (ROE) among peers: -47.81%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| BYND Cannasoft Enterprises Inc. (BCAN) | $2.93 Million | 15.37% | 10.60x | $566.35K |
| Abaxx Technologies Inc (ABXXF) | $42.03 Million | -128.66% | 0.23x | $201.28 Million |
| Acceleware Ltd (ACWRF) | $2.15 Million | -4.58% | 1.86x | $8.62 Million |
| Adobe Systems Incorporated (ADBE) | $6.67 Billion | 12.49% | 0.51x | $104.01 Billion |
| Adcore Inc (ADCOF) | $9.73 Million | -22.96% | 0.49x | $3.03 Million |
| ADEIA CORP (ADEA) | $618.15 Million | -0.05% | 1.00x | $2.50 Billion |
| Automatic Data Processing Inc (ADP) | $6.19 Billion | 22.71% | 4.21x | $84.26 Billion |
| Autodesk Inc (ADSK) | $2.04 Billion | 12.11% | 1.11x | $48.93 Billion |
| Allied Security Innovations Inc (ADSV) | $445.50K | -270.60% | 3.60x | $0.93 |
| AudioEye Inc (AEYE) | $10.59 Million | -98.53% | 1.31x | $49.31 Million |
| Affinity Networks Inc (AFFN) | $-470.19K | 0.00% | 0.00x | $0.97 |