Skycorp Solar Group Limited Ordinary Shares
Skycorp Solar Group Ltd, through its subsidiaries, designs, develops, manufactures, and sells solar PV products and solar power system solution services in Mainland China, rest of Asia, The United States, and internationally. It operates through two segments, Solar PV Products and High Performance Computing Products. The company offers solar cables and connectors; and hybrid energy storage system… Read more
Skycorp Solar Group Limited Ordinary Shares (PN) - Net Assets
Latest net assets as of March 2025: $25.23 Million USD
Based on the latest financial reports, Skycorp Solar Group Limited Ordinary Shares (PN) has net assets worth $25.23 Million USD as of March 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($43.99 Million) and total liabilities ($18.76 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 | $25.23 Million |
| % of Total Assets | 57.35% |
| Annual Growth Rate | 7.47% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 2.7 |
Skycorp Solar Group Limited Ordinary Shares - Net Assets Trend (2021–2024)
This chart illustrates how Skycorp Solar Group Limited Ordinary Shares's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Skycorp Solar Group Limited Ordinary Shares (2021–2024)
The table below shows the annual net assets of Skycorp Solar Group Limited Ordinary Shares from 2021 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-09-30 | $18.76 Million | +10.16% |
| 2023-09-30 | $17.03 Million | +8.56% |
| 2022-09-30 | $15.69 Million | +3.80% |
| 2021-09-30 | $15.12 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Skycorp Solar Group Limited Ordinary Shares'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 28.8% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (September 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $14.28 Million | 86.94% |
| Common Stock | $2.50K | 0.02% |
| Other Comprehensive Income | $109.08K | 0.66% |
| Other Components | $2.03 Million | 12.38% |
| Total Equity | $16.42 Million | 100.00% |
Skycorp Solar Group Limited Ordinary Shares Competitors by Market Cap
The table below lists competitors of Skycorp Solar Group Limited Ordinary Shares ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Enduro Metals Corporation
OTCQB:ENDMF
|
$6.09 Million |
|
Inter-Rock Minerals Inc
PINK:IRCKF
|
$6.09 Million |
|
HF COMPANY INH. EO -50
F:HFC
|
$6.10 Million |
|
Mycodern S.A.
F:GY3
|
$6.11 Million |
|
Nusantara Voucher Distribution Tbk PT
JK:DIVA
|
$6.09 Million |
|
Lumos Diagnostics Holdings Limited
PINK:LDXHF
|
$6.09 Million |
|
NYRSTAR
F:3NY1
|
$6.09 Million |
|
Odonate Inc.
PINK:ODTCD
|
$6.09 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Skycorp Solar Group Limited Ordinary Shares's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 15,287,749 to 16,419,687, a change of 1,131,938 (7.4%).
- Net income of 470,987 contributed positively to equity growth.
- Other comprehensive income increased equity by 660,951.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $470.99K | +2.87% |
| Other Comprehensive Income | $660.95K | +4.03% |
| Total Change | $- | 7.40% |
Book Value vs Market Value Analysis
This analysis compares Skycorp Solar Group Limited Ordinary Shares'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: 0.99x
- 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 1.13x to 0.99x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2021-09-30 | $0.52 | $0.59 | x |
| 2022-09-30 | $0.53 | $0.59 | x |
| 2023-09-30 | $0.55 | $0.59 | x |
| 2024-09-30 | $0.59 | $0.59 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Skycorp Solar Group Limited Ordinary Shares 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): 2.87%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.94%
- • Asset Turnover: 1.56x
- • Equity Multiplier: 1.95x
- Recent ROE (2.87%) is below the historical average (8.90%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2021 | 14.45% | 5.17% | 1.55x | 1.80x | $641.97K |
| 2022 | 11.08% | 2.74% | 1.80x | 2.25x | $158.16K |
| 2023 | 7.19% | 2.16% | 1.72x | 1.94x | $-429.11K |
| 2024 | 2.87% | 0.94% | 1.56x | 1.95x | $-1.17 Million |
Industry Comparison
This section compares Skycorp Solar Group Limited Ordinary Shares's net assets metrics with peer companies in the Solar industry.
Industry Context
- Industry: Solar
- Average net assets among peers: $424,642,617
- Average return on equity (ROE) among peers: 1.08%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Skycorp Solar Group Limited Ordinary Shares (PN) | $25.23 Million | 14.45% | 0.74x | $6.09 Million |
| ABCO Energy Inc (ABCE) | $-190.65K | 0.00% | 0.00x | $11.90K |
| Advantagewon Oil Corporation (ANTGF) | $-1.30 Million | 0.00% | 0.00x | $547.13K |
| Advanced Powerline Technologies Inc (APWL) | $6.31 Million | -45.47% | 0.40x | $1.82 |
| Array Technologies Inc (ARRY) | $-25.72 Million | 0.00% | 0.00x | $972.65 Million |
| Ascent Solar Technologies, Inc. Common Stock (ASTI) | $139.62 Million | -9.47% | 0.10x | $18.06 Million |
| Beam Global (BEEM) | $-1.41 Million | 0.00% | 0.00x | $26.89 Million |
| Clear Blue Technologies International Inc (CBUTF) | $-215.24K | 0.00% | 0.00x | $834.08K |
| China Changjiang Mining & New Energy Co Ltd (CHJI) | $924.23K | 64.84% | 0.83x | $2.91K |
| Canadian Solar Inc (CSIQ) | $4.15 Billion | 0.87% | 2.26x | $868.69 Million |
| Complete Solaria, Inc. Common Stock (CSLR) | $-21.39 Million | 0.00% | 0.00x | $89.72 Million |