Envirotech Vehicles Inc
Envirotech Vehicles, Inc. manufactures and provides zero-emission electric vehicles in the United States. It offers class 2 through logistics vans; class 4 through urban trucks, school buses, electric forklifts, street sweepers, neighborhood electric vehicles, and right-hand drive vans and urban trucks. The company also provides vehicle maintenance and safety inspection services. It serves commer… Read more
Envirotech Vehicles Inc (EVTV) - Net Assets
Latest net assets as of September 2025: $1.86 Million USD
Based on the latest financial reports, Envirotech Vehicles Inc (EVTV) has net assets worth $1.86 Million USD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($18.20 Million) and total liabilities ($16.33 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 | $1.86 Million |
| % of Total Assets | 10.23% |
| Annual Growth Rate | N/A |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 108.9 |
Envirotech Vehicles Inc - Net Assets Trend (2013–2024)
This chart illustrates how Envirotech Vehicles 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 Envirotech Vehicles Inc (2013–2024)
The table below shows the annual net assets of Envirotech Vehicles Inc from 2013 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $20.92 Million | +1.40% |
| 2023-12-31 | $20.63 Million | -35.51% |
| 2022-12-31 | $31.99 Million | -56.61% |
| 2021-12-31 | $73.74 Million | +15717.98% |
| 2020-12-31 | $-472.16K | -114.39% |
| 2019-12-31 | $3.28 Million | -56.84% |
| 2018-12-31 | $7.60 Million | +224.96% |
| 2017-12-31 | $2.34 Million | +186.44% |
| 2016-12-31 | $-2.71 Million | -219.98% |
| 2015-12-31 | $-846.00K | -1704.72% |
| 2013-12-31 | $-46.88K | -- |
Equity Component Analysis
This analysis shows how different components contribute to Envirotech Vehicles 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 7156968700.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $201.00 | 0.00% |
| Other Components | $94.38 Million | 451.11% |
| Total Equity | $20.92 Million | 100.00% |
Envirotech Vehicles Inc Competitors by Market Cap
The table below lists competitors of Envirotech Vehicles Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Endurance Gold Corporation
OTCQB:ENDGF
|
$6.85 Million |
|
ITeyes Inc.
KQ:372800
|
$6.85 Million |
|
United Drilling Tools Limited
NSE:UNIDT
|
$6.86 Million |
|
Voltaic Strategic Resources Ltd
AU:VSR
|
$6.86 Million |
|
UTSTARCOM HLDGS DL-0015
F:UT5
|
$6.85 Million |
|
Avenira Ltd
AU:AEV
|
$6.85 Million |
|
Woojin I&S Co Ltd
KO:010400
|
$6.85 Million |
|
Luzhou Xinglu Water (Group) Co., Ltd.
F:2LX
|
$6.85 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Envirotech Vehicles Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 20,633,578 to 20,922,463, a change of 288,885 (1.4%).
- Net loss of 8,848,975 reduced equity.
- New share issuances of 6,077,248 increased equity.
- Other factors increased equity by 3,060,612.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-8.85 Million | -42.29% |
| Share Issuances | $6.08 Million | +29.05% |
| Other Changes | $3.06 Million | +14.63% |
| Total Change | $- | 1.40% |
Book Value vs Market Value Analysis
This analysis compares Envirotech Vehicles 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: 1.19x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2013-12-31 | $-0.01 | $1.54 | x |
| 2015-12-31 | $-0.25 | $1.54 | x |
| 2016-12-31 | $-0.80 | $1.54 | x |
| 2017-12-31 | $0.70 | $1.54 | x |
| 2018-12-31 | $2.11 | $1.54 | x |
| 2019-12-31 | $0.90 | $1.54 | x |
| 2020-12-31 | $-0.12 | $1.54 | x |
| 2021-12-31 | $6.44 | $1.54 | x |
| 2022-12-31 | $2.13 | $1.54 | x |
| 2023-12-31 | $1.37 | $1.54 | x |
| 2024-12-31 | $1.29 | $1.54 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Envirotech Vehicles 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): -42.29%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -473.19%
- • Asset Turnover: 0.06x
- • Equity Multiplier: 1.56x
- Recent ROE (-42.29%) is above the historical average (-135.40%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2013 | 0.00% | -5954.44% | 0.29x | 0.00x | $-1.65 Million |
| 2015 | 0.00% | 0.00% | 0.00x | 0.00x | $-5.95 Million |
| 2016 | 0.00% | -15713.24% | 0.02x | 0.00x | $-10.41 Million |
| 2017 | -936.03% | -2422.90% | 0.17x | 2.27x | $-22.14 Million |
| 2018 | -145.29% | -111.72% | 0.91x | 1.42x | $-11.81 Million |
| 2019 | -157.01% | -21.30% | 2.34x | 3.14x | $-5.48 Million |
| 2020 | 0.00% | -315.01% | 0.04x | 0.00x | $-232.31K |
| 2021 | -10.38% | -374.58% | 0.03x | 1.02x | $-15.03 Million |
| 2022 | -136.91% | -972.43% | 0.13x | 1.05x | $-47.00 Million |
| 2023 | -61.47% | -443.05% | 0.13x | 1.10x | $-14.75 Million |
| 2024 | -42.29% | -473.19% | 0.06x | 1.56x | $-10.94 Million |
Industry Comparison
This section compares Envirotech Vehicles Inc's net assets metrics with peer companies in the Auto Manufacturers industry.
Industry Context
- Industry: Auto Manufacturers
- Average net assets among peers: $23,464,126,061
- Average return on equity (ROE) among peers: -90.50%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Envirotech Vehicles Inc (EVTV) | $1.86 Million | 0.00% | 8.77x | $6.85 Million |
| Thunder Power Holdings, Inc. (AIEV) | $6.52 Million | -38.36% | 1.08x | $710.14K |
| Robo.ai Inc. (AIIO) | $138.98 Million | 0.40% | 0.00x | $23.12 Million |
| Aston Martin Lagonda Global Holdings plc (AMGDF) | $249.00 Million | -43.01% | 3.45x | $289.13 Million |
| Arrival (ARVLF) | $1.23 Billion | -106.38% | 0.44x | $803.89 |
| AYRO Inc (AYRO) | $3.04 Million | -525.91% | 0.85x | $4.36 Million |
| Bayerische Motoren Werke Aktiengesellschaft (BAMXF) | $92.92 Billion | 12.15% | 1.70x | $29.09 Billion |
| BAIC Motor Corporation Limited (BCCMY) | $79.38 Billion | 3.82% | 1.13x | $1.88 Billion |
| Bollinger Innovations, Inc. (BINI) | $9.04 Million | -146.60% | 1.53x | $1.33K |
| BYD Company Limited (BYDDF) | $60.69 Billion | 4.58% | 2.21x | $112.14 Billion |
| Cenntro Electric Group Ltd (CENN) | $7.87 Million | -65.67% | 1.89x | $8.60 Million |