Ideanomics Inc
Ideanomics, Inc., through its subsidiaries, provides various mobility solutions in Asia, Europe, and the United States. The company's Ideanomics Mobility business unit operates as an end-to-end solutions provider for the procurement, financing, charging, and energy management needs for fleet operators of commercial electric vehicles (EVs). It also offers high-power inductive charging solutions fo… Read more
Ideanomics Inc (IDEX) - Net Assets
Latest net assets as of March 2024: $-20.27 Million USD
Based on the latest financial reports, Ideanomics Inc (IDEX) has net assets worth $-20.27 Million USD as of March 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($116.88 Million) and total liabilities ($137.16 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 | $-20.27 Million |
| % of Total Assets | -17.34% |
| Annual Growth Rate | N/A |
| 5-Year Change | -133.79% |
| 10-Year Change | -217.61% |
| Growth Volatility | 145.69 |
Ideanomics Inc - Net Assets Trend (1996–2023)
This chart illustrates how Ideanomics 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 Ideanomics Inc (1996–2023)
The table below shows the annual net assets of Ideanomics Inc from 1996 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | $-20.27 Million | -105.53% |
| 2022-12-31 | $366.63 Million | 0.00% |
| 2021-12-31 | $366.63 Million | +88.71% |
| 2020-12-31 | $194.28 Million | +223.82% |
| 2019-12-31 | $60.00 Million | +34.91% |
| 2018-12-31 | $44.47 Million | +41.71% |
| 2017-12-31 | $31.38 Million | -3.97% |
| 2016-12-31 | $32.68 Million | +242.39% |
| 2015-12-31 | $9.55 Million | -44.62% |
| 2014-12-31 | $17.24 Million | +248.47% |
| 2013-12-31 | $4.95 Million | -47.00% |
| 2012-12-31 | $9.33 Million | -37.35% |
| 2011-12-31 | $14.90 Million | -3.36% |
| 2010-12-31 | $15.41 Million | +361.19% |
| 2009-12-31 | $3.34 Million | -59.15% |
| 2008-12-31 | $8.18 Million | +15.45% |
| 2007-12-31 | $7.09 Million | +441.27% |
| 2006-12-31 | $1.31 Million | -0.06% |
| 2004-12-31 | $1.31 Million | +84.51% |
| 1997-12-31 | $710.00K | 0.00% |
| 1996-12-31 | $710.00K | -- |
Equity Component Analysis
This analysis shows how different components contribute to Ideanomics 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 108519900000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $1.50 Million | % |
| Other Comprehensive Income | $-4.55 Million | % |
| Other Components | $1.08 Billion | % |
| Total Equity | $-14.16 Million | 100.00% |
Ideanomics Inc Competitors by Market Cap
The table below lists competitors of Ideanomics Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
SANATHAN TEXTILES LIMITED
NSE:SANATHAN
|
$40.18K |
|
Hanan Mor
TA:HNMR
|
$40.22K |
|
CGRA4F
SA:CGRA4F
|
$40.28K |
|
VIETNAM HOLDING LTD
F:2YL
|
$40.29K |
|
Daewon Cable Co. Ltd.
KQ:006340
|
$40.12K |
|
Red Eagle Mining Corporation
PINK:RDEMF
|
$40.12K |
|
TRICAN WELL SVC (TWZ.SG)
STU:TWZ
|
$40.11K |
|
Ridgefield Acquisition Corp
PINK:RDGA
|
$40.09K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Ideanomics Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 364,289,000 to -14,163,000, a change of -378,452,000 (-103.9%).
- Net loss of 223,829,000 reduced equity.
- Share repurchases of 84,000 reduced equity.
- New share issuances of 9,850,000 increased equity.
- Other comprehensive income decreased equity by 4,775,000.
- Other factors decreased equity by 159,614,000.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-223.83 Million | -1580.38% |
| Share Repurchases | $84.00K | -0.59% |
| Share Issuances | $9.85 Million | +69.55% |
| Other Comprehensive Income | $-4.78 Million | -33.71% |
| Other Changes | $-159.61 Million | -1126.98% |
| Total Change | $- | -103.89% |
Book Value vs Market Value Analysis
This analysis compares Ideanomics 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 |
|---|---|---|---|
| 1996-12-31 | $0.00 | $0.01 | x |
| 1997-12-31 | $0.00 | $0.01 | x |
| 2006-12-31 | $0.00 | $0.01 | x |
| 2007-12-31 | $3.43 | $0.01 | x |
| 2008-12-31 | $2.30 | $0.01 | x |
| 2009-12-31 | $-2.38 | $0.01 | x |
| 2010-12-31 | $3.66 | $0.01 | x |
| 2011-12-31 | $1.16 | $0.01 | x |
| 2012-12-31 | $104.49 | $0.01 | x |
| 2013-12-31 | $52.08 | $0.01 | x |
| 2014-12-31 | $122.56 | $0.01 | x |
| 2015-12-31 | $62.29 | $0.01 | x |
| 2016-12-31 | $127.21 | $0.01 | x |
| 2017-12-31 | $66.76 | $0.01 | x |
| 2018-12-31 | $72.56 | $0.01 | x |
| 2019-12-31 | $36.34 | $0.01 | x |
| 2020-12-31 | $109.98 | $0.01 | x |
| 2021-12-31 | $0.73 | $0.01 | x |
| 2022-12-31 | $101.68 | $0.01 | x |
| 2023-12-31 | $-1.42 | $0.01 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Ideanomics 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: -1447.89%
- • Asset Turnover: 0.13x
- • Equity Multiplier: 0.00x
- Recent ROE (0.00%) is above the historical average (-100.00%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1996 | -214.29% | -1500.00% | 0.04x | 3.24x | $-1.57 Million |
| 1997 | -214.29% | -1500.00% | 0.04x | 3.24x | $-1.57 Million |
| 2006 | -7.81% | -1607.23% | 0.00x | 1.66x | $-232.29K |
| 2007 | -93.00% | -65.80% | 0.24x | 5.81x | $-2.19 Million |
| 2008 | -217.35% | -52.73% | 0.32x | 13.03x | $-3.51 Million |
| 2009 | 0.00% | -64.42% | 0.54x | 0.00x | $-5.25 Million |
| 2010 | -120.28% | -168.70% | 0.25x | 2.86x | $-13.98 Million |
| 2011 | -99.91% | -143.23% | 0.25x | 2.75x | $-12.40 Million |
| 2012 | -153.18% | -206.79% | 0.31x | 2.42x | $-15.14 Million |
| 2013 | -107.69% | -2213.04% | 0.02x | 2.36x | $-7.47 Million |
| 2014 | -64.57% | -632.24% | 0.08x | 1.23x | $-14.33 Million |
| 2015 | -67.89% | -175.87% | 0.23x | 1.66x | $-9.29 Million |
| 2016 | -70.52% | -568.62% | 0.11x | 1.13x | $-29.50 Million |
| 2017 | -30.10% | -6.81% | 2.29x | 1.93x | $-13.10 Million |
| 2018 | -60.27% | -7.26% | 4.01x | 2.07x | $-31.98 Million |
| 2019 | -278.09% | -217.26% | 0.35x | 3.65x | $-100.31 Million |
| 2020 | -63.10% | -442.93% | 0.11x | 1.25x | $-137.31 Million |
| 2021 | -70.28% | -224.41% | 0.24x | 1.30x | $-292.44 Million |
| 2022 | -67.31% | -214.93% | 0.24x | 1.30x | $-281.62 Million |
| 2023 | 0.00% | -1447.89% | 0.13x | 0.00x | $-222.41 Million |
Industry Comparison
This section compares Ideanomics Inc's net assets metrics with peer companies in the Farm & Heavy Construction Machinery industry.
Industry Context
- Industry: Farm & Heavy Construction Machinery
- Average net assets among peers: $405,749,501
- Average return on equity (ROE) among peers: 1.57%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Ideanomics Inc (IDEX) | $-20.27 Million | -214.29% | N/A | $40.14K |
| Aebi Schmidt Holding AG - Common Stock (AEBI) | $365.18 Million | 8.40% | 1.98x | $483.70 Million |
| AGCO Corporation (AGCO) | $3.10 Billion | 6.02% | 1.58x | $7.13 Billion |
| Agrify Corp (AGFY) | $-9.27 Million | 0.00% | 0.00x | $58.43 Million |
| Ag Growth International Inc (AGGZF) | $110.78 Million | 17.74% | 0.30x | $363.58 Million |
| Alamo Group Inc (ALG) | $106.91 Million | 3.85% | 0.51x | $1.99 Billion |
| AmeraMex International Inc (AMMX) | $-557.03K | 0.00% | 0.00x | $1.43 Million |
| Arts-Way Manufacturing Co Inc (ARTW) | $12.09 Million | 2.54% | 0.76x | $4.69 Million |
| Astec Industries Inc (ASTE) | $193.89 Million | -2.43% | 1.15x | $1.20 Billion |
| Austin Engineering Limited (AUSTF) | $119.42 Million | -41.40% | 1.27x | $116.99 Million |
| Buhler Industries Inc (BIIAF) | $63.76 Million | 20.96% | 1.45x | $1.51 Million |