Skycorp Solar Group Limited Ordinary Shares (PN) - Net Assets
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. Read Skycorp Solar Group Limited Ordinary Sha balance sheet liabilities for a breakdown of total debt and financial obligations.
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. Also explore total assets of Skycorp Solar Group Limited Ordinary Sha for the complete picture of this company's asset base.
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. For live valuation and market cap data, see PN company net worth.
| 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 |
|---|---|
|
Jupiter Neurosciences, Inc. Common Stock
NASDAQ:JUNS
|
$13.43 Million |
|
NextEye Co. Ltd
KQ:137940
|
$13.43 Million |
|
TJGC Group Limited
NASDAQ:TJGC
|
$13.43 Million |
|
Nuvotec
KQ:060260
|
$13.44 Million |
|
Turk Ilac ve Serum Sanayi AS
IS:TRILC
|
$13.41 Million |
|
Inepar S.A. Indústria e Construções
SA:INEP3
|
$13.40 Million |
|
Sarama Resource
V:SWA
|
$13.40 Million |
|
VOGO SA
PA:ALVGO
|
$13.39 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: 4.83x
- 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 5.50x to 4.83x 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 | $2.87 | x |
| 2022-09-30 | $0.53 | $2.87 | x |
| 2023-09-30 | $0.55 | $2.87 | x |
| 2024-09-30 | $0.59 | $2.87 | 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: $849,442,654
- Average return on equity (ROE) among peers: 3.74%
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 | $13.42 Million |
| Array Technologies Inc (ARRY) | $264.47 Million | -22.98% | 0.93x | $1.20 Billion |
| Ascent Solar Technologies, Inc. Common Stock (ASTI) | $-209.23K | 0.00% | 0.00x | $38.51 Million |
| Beam Global (BEEM) | $-1.16 Million | 0.00% | 0.00x | $27.40 Million |
| Canadian Solar Inc (CSIQ) | $832.51 Million | 20.64% | 4.31x | $1.12 Billion |
| Complete Solaria, Inc. Common Stock (CSLR) | $-21.39 Million | 0.00% | 0.00x | $114.71 Million |
| Enphase Energy Inc (ENPH) | $483.99 Million | 27.69% | 1.48x | $4.12 Billion |
| First Solar Inc (FSLR) | $5.21 Billion | 2.77% | 0.37x | $20.97 Billion |
| FTC Solar Inc (FTCI) | $-8.45 Million | 0.00% | 0.00x | $55.64 Million |
| JinkoSolar Holding Company Limited (JKS) | $2.02 Billion | 9.30% | 4.25x | $1.25 Billion |
| Maxeon Solar Technologies Ltd (MAXN) | $-288.37 Million | 0.00% | 0.00x | $12.86 Million |
About 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