Tingo Group Inc.
Tingo Group, Inc. engages in the financial technology and agri-fintech businesses delivering financial inclusion and financial upliftment to rural farming communities in Africa, Southeast Asia, and the Middle East. The company operates through Verticals and Technology, Online Stock Trading, Comprehensive Platform Service segments. Its platform service through use of smartphones device as a servic… Read more
Tingo Group Inc. (TIO) - Net Assets
Latest net assets as of September 2023: $601.32 Million USD
Based on the latest financial reports, Tingo Group Inc. (TIO) has net assets worth $601.32 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 ($1.93 Billion) and total liabilities ($1.33 Billion). 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 | $601.32 Million |
| % of Total Assets | 31.17% |
| Annual Growth Rate | 46.41% |
| 5-Year Change | 131975.1% |
| 10-Year Change | 5080.23% |
| Growth Volatility | 466.73 |
Tingo Group Inc. - Net Assets Trend (2004–2022)
This chart illustrates how Tingo Group 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 Tingo Group Inc. (2004–2022)
The table below shows the annual net assets of Tingo Group Inc. from 2004 to 2022.
| Year | Net Assets | Change |
|---|---|---|
| 2022-12-31 | $1.33 Billion | +797.66% |
| 2021-12-31 | $147.72 Million | +124.86% |
| 2020-12-31 | $65.70 Million | +1925.15% |
| 2019-12-31 | $3.24 Million | +223.11% |
| 2018-12-31 | $1.00 Million | -83.19% |
| 2017-12-31 | $5.97 Million | -45.48% |
| 2016-12-31 | $10.96 Million | -37.23% |
| 2015-12-31 | $17.46 Million | -13.79% |
| 2014-12-31 | $20.25 Million | -20.90% |
| 2013-12-31 | $25.60 Million | +51.75% |
| 2012-12-31 | $16.87 Million | +367.00% |
| 2011-12-31 | $3.61 Million | -10.70% |
| 2010-12-31 | $4.04 Million | +170.57% |
| 2009-12-31 | $1.50 Million | -11.33% |
| 2008-12-31 | $1.69 Million | +6.78% |
| 2007-12-31 | $1.58 Million | +28.48% |
| 2006-12-31 | $1.23 Million | -2.54% |
| 2005-12-31 | $1.26 Million | -9.15% |
| 2004-12-31 | $1.39 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Tingo Group 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 12571.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2022)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $158.00K | 0.01% |
| Other Comprehensive Income | $4.37 Million | 0.33% |
| Other Components | $1.44 Billion | 108.99% |
| Total Equity | $1.32 Billion | 100.00% |
Tingo Group Inc. Competitors by Market Cap
The table below lists competitors of Tingo Group Inc. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
LM Funding America Inc
NASDAQ:LMFA
|
$3.23 Million |
|
Bayan Mining and Minerals Ltd
AU:BMM
|
$3.23 Million |
|
Royal Prima PT
JK:PRIM
|
$3.23 Million |
|
Dharma Samudera Fishing Tbk
JK:DSFI
|
$3.23 Million |
|
Eguana Technologies Inc
OTCQB:EGTYF
|
$3.22 Million |
|
Cube&Company Co. Ltd
KQ:043090
|
$3.22 Million |
|
ROCKWOOL INT. -B- (R90.SG)
STU:R90
|
$3.22 Million |
|
Avricore Health Inc
PINK:AVCRF
|
$3.22 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Tingo Group Inc.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2021 to 2022, total equity changed from 144,100,000 to 1,323,679,000, a change of 1,179,579,000 (818.6%).
- Net loss of 47,069,000 reduced equity.
- Other comprehensive income increased equity by 4,781,000.
- Other factors increased equity by 1,221,867,000.
Equity Change Factors (2021 to 2022)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-47.07 Million | -3.56% |
| Other Comprehensive Income | $4.78 Million | +0.36% |
| Other Changes | $1.22 Billion | +92.31% |
| Total Change | $- | 818.58% |
Book Value vs Market Value Analysis
This analysis compares Tingo Group 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 |
|---|---|---|---|
| 2004-12-31 | $0.37 | $0.02 | x |
| 2005-12-31 | $0.31 | $0.02 | x |
| 2006-12-31 | $0.28 | $0.02 | x |
| 2007-12-31 | $0.35 | $0.02 | x |
| 2008-12-31 | $0.37 | $0.02 | x |
| 2009-12-31 | $0.30 | $0.02 | x |
| 2010-12-31 | $0.87 | $0.02 | x |
| 2011-12-31 | $2.23 | $0.02 | x |
| 2012-12-31 | $2.81 | $0.02 | x |
| 2013-12-31 | $3.51 | $0.02 | x |
| 2014-12-31 | $2.42 | $0.02 | x |
| 2015-12-31 | $1.95 | $0.02 | x |
| 2016-12-31 | $1.14 | $0.02 | x |
| 2017-12-31 | $0.05 | $0.02 | x |
| 2018-12-31 | $-0.10 | $0.02 | x |
| 2019-12-31 | $0.30 | $0.02 | x |
| 2020-12-31 | $2.25 | $0.02 | x |
| 2021-12-31 | $1.28 | $0.02 | x |
| 2022-12-31 | $10.23 | $0.02 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Tingo Group 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): -3.56%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -32.23%
- • Asset Turnover: 0.09x
- • Equity Multiplier: 1.27x
- Recent ROE (-3.56%) is above the historical average (-120.97%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2004 | 33.76% | 5.55% | 1.00x | 6.08x | $241.40K |
| 2005 | -5.30% | -0.66% | 1.05x | 7.66x | $-138.50K |
| 2006 | -12.83% | -1.47% | 0.94x | 9.34x | $-204.60K |
| 2007 | 8.58% | 1.01% | 0.99x | 8.61x | $-16.10K |
| 2008 | 14.43% | 1.63% | 1.02x | 8.66x | $52.50K |
| 2009 | -12.16% | -1.32% | 1.07x | 8.60x | $-218.70K |
| 2010 | 57.25% | 14.58% | 1.20x | 3.28x | $1.34 Million |
| 2011 | 37.62% | 13.39% | 0.81x | 3.48x | $997.80K |
| 2012 | 53.58% | 30.45% | 0.47x | 3.75x | $4.41 Million |
| 2013 | -2.77% | -1.39% | 0.83x | 2.40x | $-2.28 Million |
| 2014 | -15.15% | -6.25% | 0.76x | 3.18x | $-3.55 Million |
| 2015 | -21.57% | -10.46% | 0.59x | 3.51x | $-3.61 Million |
| 2016 | -85.71% | -25.53% | 0.71x | 4.71x | $-6.48 Million |
| 2017 | -2152.24% | -44.41% | 0.62x | 78.45x | $-8.19 Million |
| 2018 | 0.00% | -18.43% | 1.40x | 0.00x | $-2.51 Million |
| 2019 | -129.99% | -884.07% | 0.08x | 1.82x | $-4.54 Million |
| 2020 | -37.05% | -1960.10% | 0.02x | 1.25x | $-29.20 Million |
| 2021 | -25.28% | -65.43% | 0.31x | 1.23x | $-50.84 Million |
| 2022 | -3.56% | -32.23% | 0.09x | 1.27x | $-179.44 Million |
Industry Comparison
This section compares Tingo Group Inc.'s net assets metrics with peer companies in the Software - Application industry.
Industry Context
- Industry: Software - Application
- Average net assets among peers: $1,558,090,989
- Average return on equity (ROE) among peers: -47.81%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Tingo Group Inc. (TIO) | $601.32 Million | 33.76% | 2.21x | $3.22 Million |
| Abaxx Technologies Inc (ABXXF) | $42.03 Million | -128.66% | 0.23x | $201.28 Million |
| Acceleware Ltd (ACWRF) | $2.15 Million | -4.58% | 1.86x | $8.62 Million |
| Adobe Systems Incorporated (ADBE) | $6.67 Billion | 12.49% | 0.51x | $104.01 Billion |
| Adcore Inc (ADCOF) | $9.73 Million | -22.96% | 0.49x | $3.03 Million |
| ADEIA CORP (ADEA) | $618.15 Million | -0.05% | 1.00x | $2.50 Billion |
| Automatic Data Processing Inc (ADP) | $6.19 Billion | 22.71% | 4.21x | $84.26 Billion |
| Autodesk Inc (ADSK) | $2.04 Billion | 12.11% | 1.11x | $48.93 Billion |
| Allied Security Innovations Inc (ADSV) | $445.50K | -270.60% | 3.60x | $0.93 |
| AudioEye Inc (AEYE) | $10.59 Million | -98.53% | 1.31x | $49.31 Million |
| Affinity Networks Inc (AFFN) | $-470.19K | 0.00% | 0.00x | $0.97 |