DigiAsia Corp (FAAS) - Net Assets
Based on the latest financial reports, DigiAsia Corp (FAAS) has net assets worth $9.18 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 ($70.36 Million) and total liabilities ($61.18 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 DigiAsia Corp tangible net worth ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $9.18 Million |
| % of Total Assets | 13.04% |
| Annual Growth Rate | -7.27% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 22.35 |
DigiAsia Corp - Net Assets Trend (2021–2023)
This chart illustrates how DigiAsia Corp's net assets have evolved over time, based on quarterly financial data. See FAAS defensive interval ratio to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for DigiAsia Corp (2021–2023)
The table below shows the annual net assets of DigiAsia Corp from 2021 to 2023. For live valuation and market cap data, see DigiAsia Corp (FAAS) total market value.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | $13.10 Million | -26.97% |
| 2022-12-31 | $17.94 Million | +17.74% |
| 2021-12-31 | $15.24 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to DigiAsia 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 grown by 718051400.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $27.52 Million | 209.99% |
| Total Equity | $13.10 Million | 100.00% |
DigiAsia Corp Competitors by Market Cap
The table below lists competitors of DigiAsia Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Urban-Gro Inc
NASDAQ:UGRO
|
$1.95 Million |
|
Winsome Yarns Limited
NSE:WINSOME
|
$1.95 Million |
|
Kovo Healthtech Corp
V:KOVO
|
$1.95 Million |
|
Biodexa Pharmaceticals
NASDAQ:BDRX
|
$1.95 Million |
|
Reliance Global Group, Inc.
NASDAQ:EZRA
|
$1.94 Million |
|
Ridgestone Mining Inc
V:RMI
|
$1.94 Million |
|
Chinhung International Inc
KO:002785
|
$1.93 Million |
|
Lambo Group Bhd
KLSE:0018
|
$1.93 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in DigiAsia Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 58,367,664 to 13,103,730, a change of -45,263,934 (-77.5%).
- Net loss of 63,562 reduced equity.
- Share repurchases of 181,681,691 reduced equity.
- Other factors increased equity by 136,481,319.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-63.56K | -0.49% |
| Share Repurchases | $181.68 Million | -1386.49% |
| Other Changes | $136.48 Million | +1041.55% |
| Total Change | $- | -77.55% |
Book Value vs Market Value Analysis
This analysis compares DigiAsia 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: 0.02x
- 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 |
|---|---|---|---|
| 2021-12-31 | $2.06 | $0.03 | x |
| 2022-12-31 | $2.33 | $0.03 | x |
| 2023-12-31 | $1.51 | $0.03 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently DigiAsia 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): -0.49%
- 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: 2.11x
- Recent ROE (-0.49%) is above the historical average (-6.85%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2021 | -12.79% | -21.44% | 1.16x | 0.51x | $-11.74 Million |
| 2022 | -7.27% | -9.99% | 1.37x | 0.53x | $-10.08 Million |
| 2023 | -0.49% | 0.00% | 0.00x | 2.11x | $-1.37 Million |
Industry Comparison
This section compares DigiAsia Corp's net assets metrics with peer companies in the Software - Infrastructure industry.
Industry Context
- Industry: Software - Infrastructure
- Average net assets among peers: $175,548,949
- Average return on equity (ROE) among peers: -12.54%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| DigiAsia Corp (FAAS) | $9.18 Million | -12.79% | 6.67x | $1.94 Million |
| ACI Worldwide Inc (ACIW) | $581.40 Million | 11.62% | 2.18x | $4.54 Billion |
| Aeva Technologies, Inc. Common Stock (AEVA) | $99.35 Million | -153.25% | 0.48x | $855.27 Million |
| Aeva Technologies, Inc. Common Stock (AEVA) | $30.16 Million | -37.03% | 0.03x | $906.22 Million |
| Allied Gaming & Entertainment Inc. (AGAE) | $87.90 Million | -12.31% | 0.11x | $22.76 Million |
| Axe Compute Inc. (AGPU) | $2.69 Million | -223.00% | 0.35x | $31.41 Million |
| C3 Ai Inc (AI) | $838.30 Million | -34.44% | 0.22x | $1.41 Billion |
| All In FutureTech Alliance Inc. (AIFA) | $24.02 Million | -127.45% | 1.73x | $13.66 Million |
| AI Financial Corporation (AIFC) | $2.31 Million | 476.46% | 19.27x | $88.43 Million |
| iLearningEngines, Inc. (AILE) | $22.26 Million | -19.80% | 1.11x | $59.29 Million |
| PowerFleet, Inc. (AIOT) | $67.08 Million | -6.22% | 0.04x | $457.44 Million |
About DigiAsia Corp
DigiAsia Corp. develops an AI embedded finance platform in Southeast Asia. It offers B2B fintech platform for bill payments, supply chain payments, and branchless banking solutions for merchants, partners, and customers; digital wallets; QRIS Payment as a Service; Cash Management system for ERP system that allows users to create a closed-loop cash management system; Digital Product & Billers, whi… Read more