Sunworks Inc (SUNWQ) - Net Assets
Based on the latest financial reports, Sunworks Inc (SUNWQ) has net assets worth $21.61 Million USD as of September 2023. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($67.50 Million) and total liabilities ($45.89 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 Sunworks Inc (SUNWQ) asset resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $21.61 Million |
| % of Total Assets | 32.01% |
| Annual Growth Rate | 20.21% |
| 5-Year Change | 539.63% |
| 10-Year Change | N/A |
| Growth Volatility | 122.14 |
Sunworks Inc - Net Assets Trend (2016–2022)
This chart illustrates how Sunworks Inc's net assets have evolved over time, based on quarterly financial data. Also explore SUNWQ asset base for the complete picture of this company's asset base.
Annual Net Assets for Sunworks Inc (2016–2022)
The table below shows the annual net assets of Sunworks Inc from 2016 to 2022. For live valuation and market cap data, see Sunworks Inc (SUNWQ) market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2022-09-30 | $63.94 Million | -12.13% |
| 2021-09-30 | $72.77 Million | +113.66% |
| 2020-09-30 | $34.06 Million | +303.38% |
| 2019-09-30 | $8.44 Million | -15.54% |
| 2018-09-30 | $10.00 Million | -36.17% |
| 2017-09-30 | $15.66 Million | -26.12% |
| 2016-09-30 | $21.20 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Sunworks 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 9432800000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (September 2022)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $35.00K | 0.05% |
| Other Components | $207.37 Million | 324.34% |
| Total Equity | $63.94 Million | 100.00% |
Sunworks Inc Competitors by Market Cap
The table below lists competitors of Sunworks Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Totally PLC
LSE:TLY
|
$5.74K |
|
Trafalgar New Homes Plc
LSE:TRAF
|
$5.84K |
|
Renova Energia S.A
SA:RNEW11
|
$5.99K |
|
daVictus plc
LSE:DVT
|
$6.09K |
|
Jade Road Investments Ltd
LSE:JADE
|
$5.38K |
|
Thayer Ventures Acquisition Corporation
NASDAQ:TVACW
|
$5.32K |
|
Charoen Pokphand Foods Public Company Limited
F:CPOF
|
$5.23K |
|
Mirriad Advertising PLC
LSE:MIRI
|
$4.99K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Sunworks Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2021 to 2022, total equity changed from 72,766,000 to 63,937,000, a change of -8,829,000 (-12.1%).
- Net loss of 28,211,000 reduced equity.
- New share issuances of 17,104,000 increased equity.
- Other factors increased equity by 2,278,000.
Equity Change Factors (2021 to 2022)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-28.21 Million | -44.12% |
| Share Issuances | $17.10 Million | +26.75% |
| Other Changes | $2.28 Million | +3.56% |
| Total Change | $- | -12.13% |
Book Value vs Market Value Analysis
This analysis compares Sunworks 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: 0.00x
- 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 |
|---|---|---|---|
| 2016-09-30 | $7.34 | $0.00 | x |
| 2017-09-30 | $4.93 | $0.00 | x |
| 2018-09-30 | $2.80 | $0.00 | x |
| 2019-09-30 | $1.90 | $0.00 | x |
| 2020-09-30 | $2.18 | $0.00 | x |
| 2021-09-30 | $2.70 | $0.00 | x |
| 2022-09-30 | $1.95 | $0.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Sunworks 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): -44.12%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -17.42%
- • Asset Turnover: 1.35x
- • Equity Multiplier: 1.88x
- Recent ROE (-44.12%) is above the historical average (-54.87%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | -44.25% | -10.85% | 2.07x | 1.97x | $-11.50 Million |
| 2017 | -46.12% | -9.32% | 1.88x | 2.63x | $-8.79 Million |
| 2018 | -57.42% | -8.09% | 2.20x | 3.22x | $-6.74 Million |
| 2019 | -108.80% | -15.35% | 1.94x | 3.65x | $-10.03 Million |
| 2020 | -46.80% | -42.04% | 0.72x | 1.54x | $-19.34 Million |
| 2021 | -36.59% | -26.32% | 1.00x | 1.39x | $-33.90 Million |
| 2022 | -44.12% | -17.42% | 1.35x | 1.88x | $-34.60 Million |
Industry Comparison
This section compares Sunworks Inc'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 |
|---|---|---|---|---|
| Sunworks Inc (SUNWQ) | $21.61 Million | -44.25% | 2.12x | $5.68K |
| 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 Sunworks Inc
Sunworks, Inc. went out of business. Sunworks, Inc., through its subsidiaries, engages in the provision of photovoltaic and battery based power and storage systems for the commercial, agricultural, industrial, public works, and residential markets in the United States. It is also involved in the design, arrange financing, integrate, install, and manage systems ranging for residential homeowners, … Read more