Tingo Group Inc. (TIO) - Net Assets

Latest 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. Check financial resilience of Tingo Group Inc. to evaluate the company's liquid asset resilience ratio.

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. Also explore Tingo Group Inc. assets under control for the complete picture of this company's asset base.

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. For live valuation and market cap data, see TIO stock market capitalisation.

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
BTU Metals Corp V:BTU	$5.38 Million
First Venture Sweden AB Series B ST:FIRST-B	$5.38 Million
Archies Limited NSE:ARCHIES	$5.38 Million
Cheer Holding Inc. NASDAQ:CHR	$5.39 Million
Cheetah Net Supply Chain Service Inc. Class A Common Stock NASDAQ:CTNT	$5.37 Million
Modus Therapeutics Holding AB ST:MODTX	$5.37 Million
Pelangi Indah Canindo Tbk JK:PICO	$5.36 Million
Ecofibre Ltd AU:EOF	$5.36 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: $1,232,448,014
Average return on equity (ROE) among peers: 1.73%

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	$5.37 Million
Adobe Systems Incorporated (ADBE)	$9.36 Billion	27.67%	1.00x	$93.73 Billion
ADEIA CORP (ADEA)	$545.10 Million	-11.47%	0.92x	$3.00 Billion
Automatic Data Processing Inc (ADP)	$949.50 Million	19.76%	0.77x	$76.36 Billion
Autodesk Inc (ADSK)	$267.30 Million	21.62%	0.23x	$48.93 Billion
AudioEye Inc (AEYE)	$9.44 Million	-45.08%	2.15x	$71.03 Million
Agilysys Inc (AGYS)	$52.90 Million	15.69%	1.77x	$1.91 Billion
Firefly Neuroscience, Inc. (AIFF)	$-3.01 Million	0.00%	0.00x	$24.73 Million
XIAO-I Corporation American Depositary Shares (AIXI)	$-8.47 Million	0.00%	0.00x	$10.77 Million
Alight Inc (ALIT)	$805.00 Million	2.73%	7.18x	$408.81 Million
Alkami Technology Inc (ALKT)	$344.61 Million	-13.59%	0.27x	$1.72 Billion

About Tingo Group Inc.

NASDAQ:TIO USA Software - Application

Market Cap

$5.37 Million

Market Cap Rank

#28214 Global

#5560 in USA

Share Price

$0.02

Change (1 day)

+77.60%

52-Week Range

$0.01 - $0.06

All Time High

$5.93