DUET Acquisition Corp (DUET) - Net Assets
Based on the latest financial reports, DUET Acquisition Corp (DUET) has net assets worth $6.33 Million USD as of June 2024. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($14.59 Million) and total liabilities ($8.26 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. Check how tangible is DUET Acquisition Corp's equity to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $6.33 Million |
| % of Total Assets | 43.37% |
| Annual Growth Rate | 1527.19% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 181673.97 |
DUET Acquisition Corp - Net Assets Trend (2021–2023)
This chart illustrates how DUET Acquisition Corp's net assets have evolved over time, based on quarterly financial data. See DUET defensive asset coverage days to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for DUET Acquisition Corp (2021–2023)
The table below shows the annual net assets of DUET Acquisition Corp from 2021 to 2023. For live valuation and market cap data, see DUET Acquisition Corp stock valuation.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | $6.19 Million | -92.74% |
| 2022-12-31 | $85.30 Million | +363255.19% |
| 2021-12-31 | $23.48K | -- |
Equity Component Analysis
This analysis shows how different components contribute to DUET Acquisition Corp'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 683215000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $13.03 Million | 210.35% |
| Total Equity | $6.19 Million | 100.00% |
DUET Acquisition Corp Competitors by Market Cap
The table below lists competitors of DUET Acquisition Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Termorex
WAR:TRR
|
$19.94 Million |
|
Inbar Group Finance Ltd
TA:INBR
|
$19.95 Million |
|
LANCOR HOLDINGS LTD.
NSE:LANCORHOL
|
$19.96 Million |
|
Brd. Klee A/S
CO:KLEE-B
|
$19.96 Million |
|
Media 6 SA
PA:EDI
|
$19.93 Million |
|
q.beyond AG
XETRA:QBY
|
$19.93 Million |
|
Republic Power Group Limited Class A Ordinary Shares
NASDAQ:RPGL
|
$19.93 Million |
|
Southern Fertilizer JSC
VN:SFG
|
$19.93 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in DUET Acquisition Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 85,304,899 to 6,192,451, a change of -79,112,448 (-92.7%).
- Net income of 222,771 contributed positively to equity growth.
- Share repurchases of 74,517,890 reduced equity.
- Other factors decreased equity by 4,817,329.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $222.77K | +3.6% |
| Share Repurchases | $74.52 Million | -1203.37% |
| Other Changes | $-4.82 Million | -77.79% |
| Total Change | $- | -92.74% |
Book Value vs Market Value Analysis
This analysis compares DUET Acquisition Corp'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: 16.07x
- 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 6474.16x to 16.07x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2021-12-31 | $0.00 | $11.33 | x |
| 2022-12-31 | $8.00 | $11.33 | x |
| 2023-12-31 | $0.70 | $11.33 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently DUET Acquisition Corp 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): 3.60%
- 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: 2.27x
- Recent ROE (3.60%) is above the historical average (-1.15%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2021 | -6.49% | 0.00% | 0.00x | 9.18x | $-3.87K |
| 2022 | -0.55% | -42.80% | 0.01x | 1.04x | $-9.00 Million |
| 2023 | 3.60% | 0.00% | 0.00x | 2.27x | $-396.47K |
Industry Comparison
This section compares DUET Acquisition Corp's net assets metrics with peer companies in the Shell Companies industry.
Industry Context
- Industry: Shell Companies
- Average net assets among peers: $173,103,317
- Average return on equity (ROE) among peers: 3.45%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| DUET Acquisition Corp (DUET) | $6.33 Million | -6.49% | 1.31x | $19.94 Million |
| Artius II Acquisition Inc. (AACB) | $-60.27K | 0.00% | 0.00x | $232.84 Million |
| Artius II Acquisition Inc. Units (AACBU) | $-60.27K | 0.00% | 0.00x | $268.87 Million |
| Ares Acquisition Corporation II (AACT) | $502.67 Million | 0.00% | 0.05x | $587.05 Million |
| AA Mission Acquisition Corp. (AAM) | $534.70 Million | 21.49% | 3.04x | $420.70K |
| Altenergy Acquisition Corp (AEAE) | $-12.44 Million | 0.00% | 0.00x | $72.22 Million |
| Activate Energy Acquisition Corp. Class A Ordinary Share (AEAQ) | $223.53 Million | 0.00% | 0.04x | $236.21 Million |
| American Exceptionalism Acquisition Corp. A (AEXA) | $328.45 Million | 0.00% | 0.06x | $390.09 Million |
| Aimei Health Technology Co., Ltd Ordinary Share (AFJK) | $8.04 Million | 13.18% | 0.51x | $107.66 Million |
| Aifeex Nexus Acquisition Corporation (AIFE) | $86.16 Million | -0.10% | 0.01x | $91.13 Million |
| AI TRANSPORTATION ACQUISITION CORP Ordinary shares (AITR) | $60.04 Million | -0.06% | 0.02x | $86.22 Million |
About DUET Acquisition Corp
DUET Acquisition Corp. does not have significant operations. It focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses in the technology sector. The company was incorporated in 2021 and is based in Kuala Lumpur, Malaysia.