Vicinity Motor Corp
Vicinity Motor Corp. designs, builds, and distributes a suite of transit buses for public and commercial use under the Vicinity brand in the United States and Canada. It offers electric, CNG, and clean diesel buses, as well as electric trucks and spare parts. The company was formerly known as Grande West Transportation Group Inc. and changed its name to Vicinity Motor Corp. in March 2021. The com… Read more
Vicinity Motor Corp (VEV) - Net Assets
Latest net assets as of March 2024: $18.72 Million USD
Based on the latest financial reports, Vicinity Motor Corp (VEV) has net assets worth $18.72 Million USD as of March 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($77.75 Million) and total liabilities ($59.03 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 | $18.72 Million |
| % of Total Assets | 24.08% |
| Annual Growth Rate | N/A |
| 5-Year Change | 66.21% |
| 10-Year Change | 1138.98% |
| Growth Volatility | 66.77 |
Vicinity Motor Corp - Net Assets Trend (2012–2023)
This chart illustrates how Vicinity Motor Corp's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Vicinity Motor Corp (2012–2023)
The table below shows the annual net assets of Vicinity Motor Corp from 2012 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | $21.20 Million | -42.45% |
| 2022-12-31 | $36.83 Million | +7.55% |
| 2021-12-31 | $34.24 Million | +95.24% |
| 2020-12-31 | $17.54 Million | +37.53% |
| 2019-12-31 | $12.75 Million | -16.87% |
| 2018-12-31 | $15.34 Million | +14.50% |
| 2017-12-31 | $13.40 Million | +4329.37% |
| 2016-12-31 | $-316.82K | -144.45% |
| 2015-12-31 | $712.68K | -58.34% |
| 2014-12-31 | $1.71 Million | +266.61% |
| 2013-12-31 | $-1.03 Million | +55.16% |
| 2012-12-31 | $-2.29 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Vicinity Motor Corp'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 6163226096.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $76.80 Million | 362.32% |
| Other Comprehensive Income | $413.00K | 1.95% |
| Other Components | $8.26 Million | 38.95% |
| Total Equity | $21.20 Million | 100.00% |
Vicinity Motor Corp Competitors by Market Cap
The table below lists competitors of Vicinity Motor Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
CRDAX
NMFQS:CRDAX
|
$78.79K |
|
VIDAVO S.A.
AT:VIDAVO
|
$78.80K |
|
DT.LUFTHANSA N - Dusseldorf Stock Exchang
DU:LHA
|
$78.84K |
|
Alpha Trust Andromeda Investment Trust S.A
AT:ANDRO
|
$78.84K |
|
PETR3F
SA:PETR3F
|
$78.71K |
|
Discoverie Group PLC
LSE:DSCV
|
$78.70K |
|
Darwin AG
XETRA:7V0
|
$78.60K |
|
Hyflux Ltd
PINK:HYFXF
|
$78.52K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Vicinity Motor Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 36,832,000 to 21,197,000, a change of -15,635,000 (-42.4%).
- Net loss of 16,633,000 reduced equity.
- New share issuances of 867,000 increased equity.
- Other comprehensive income decreased equity by 990,000.
- Other factors increased equity by 1,121,000.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-16.63 Million | -78.47% |
| Share Issuances | $867.00K | +4.09% |
| Other Comprehensive Income | $-990.00K | -4.67% |
| Other Changes | $1.12 Million | +5.29% |
| Total Change | $- | -42.45% |
Book Value vs Market Value Analysis
This analysis compares Vicinity Motor Corp'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 |
|---|---|---|---|
| 2012-12-31 | $-0.60 | $0.00 | x |
| 2013-12-31 | $-0.16 | $0.00 | x |
| 2014-12-31 | $0.16 | $0.00 | x |
| 2015-12-31 | $0.05 | $0.00 | x |
| 2016-12-31 | $-0.02 | $0.00 | x |
| 2017-12-31 | $0.56 | $0.00 | x |
| 2018-12-31 | $0.62 | $0.00 | x |
| 2019-12-31 | $0.53 | $0.00 | x |
| 2020-12-31 | $0.68 | $0.00 | x |
| 2021-12-31 | $1.11 | $0.00 | x |
| 2022-12-31 | $0.93 | $0.00 | x |
| 2023-12-31 | $0.46 | $0.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Vicinity Motor Corp 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): -78.47%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -87.31%
- • Asset Turnover: 0.26x
- • Equity Multiplier: 3.50x
- Recent ROE (-78.47%) is below the historical average (-74.27%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2012 | 0.00% | 0.00% | 0.00x | 0.00x | $-678.00K |
| 2013 | 0.00% | -37.50% | 1.31x | 0.00x | $-1.17 Million |
| 2014 | -222.10% | -280.12% | 0.32x | 2.47x | $-3.97 Million |
| 2015 | -473.00% | -73.83% | 1.54x | 4.15x | $-3.44 Million |
| 2016 | 0.00% | -48.24% | 0.82x | 0.00x | $-2.99 Million |
| 2017 | -2.47% | -0.76% | 1.16x | 2.79x | $-1.67 Million |
| 2018 | 4.54% | 1.35% | 1.73x | 1.94x | $-837.47K |
| 2019 | -29.93% | -20.23% | 0.67x | 2.22x | $-5.09 Million |
| 2020 | -19.68% | -16.89% | 0.55x | 2.10x | $-5.21 Million |
| 2021 | -21.38% | -17.56% | 0.77x | 1.58x | $-10.75 Million |
| 2022 | -48.73% | -97.15% | 0.34x | 1.49x | $-21.63 Million |
| 2023 | -78.47% | -87.31% | 0.26x | 3.50x | $-18.75 Million |
Industry Comparison
This section compares Vicinity Motor Corp's net assets metrics with peer companies in the Auto Manufacturers industry.
Industry Context
- Industry: Auto Manufacturers
- Average net assets among peers: $23,464,126,061
- Average return on equity (ROE) among peers: -90.50%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Vicinity Motor Corp (VEV) | $18.72 Million | 0.00% | 3.15x | $78.72K |
| Thunder Power Holdings, Inc. (AIEV) | $6.52 Million | -38.36% | 1.08x | $710.14K |
| Robo.ai Inc. (AIIO) | $138.98 Million | 0.40% | 0.00x | $23.12 Million |
| Aston Martin Lagonda Global Holdings plc (AMGDF) | $249.00 Million | -43.01% | 3.45x | $289.13 Million |
| Arrival (ARVLF) | $1.23 Billion | -106.38% | 0.44x | $803.89 |
| AYRO Inc (AYRO) | $3.04 Million | -525.91% | 0.85x | $4.36 Million |
| Bayerische Motoren Werke Aktiengesellschaft (BAMXF) | $92.92 Billion | 12.15% | 1.70x | $29.09 Billion |
| BAIC Motor Corporation Limited (BCCMY) | $79.38 Billion | 3.82% | 1.13x | $1.88 Billion |
| Bollinger Innovations, Inc. (BINI) | $9.04 Million | -146.60% | 1.53x | $1.33K |
| BYD Company Limited (BYDDF) | $60.69 Billion | 4.58% | 2.21x | $112.14 Billion |
| Cenntro Electric Group Ltd (CENN) | $7.87 Million | -65.67% | 1.89x | $8.60 Million |