Western Acquisition Ventures Corp
Western Acquisition Ventures Corp. does not have significant operations. The company intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses or entities. It intends to acquire businesses operating in the infrastructure and environmental services; health, wellness, and food sustainability; fi… Read more
Western Acquisition Ventures Corp (WAVS) - Net Assets
Latest net assets as of September 2024: $-1.06 Million USD
Based on the latest financial reports, Western Acquisition Ventures Corp (WAVS) has net assets worth $-1.06 Million USD as of September 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($2.91 Million) and total liabilities ($3.98 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 | $-1.06 Million |
| % of Total Assets | -36.51% |
| Annual Growth Rate | 179.19% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 429391.65 |
Western Acquisition Ventures Corp - Net Assets Trend (2021–2023)
This chart illustrates how Western Acquisition Ventures 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 Western Acquisition Ventures Corp (2021–2023)
The table below shows the annual net assets of Western Acquisition Ventures Corp from 2021 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | $106.08K | -99.91% |
| 2022-12-31 | $117.04 Million | +858683.39% |
| 2021-12-31 | $13.63K | -- |
Equity Component Analysis
This analysis shows how different components contribute to Western Acquisition Ventures 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 319123300.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $3.31 Million | 3118.93% |
| Total Equity | $106.08K | 100.00% |
Western Acquisition Ventures Corp Competitors by Market Cap
The table below lists competitors of Western Acquisition Ventures Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Shinhan 11th Special Purpose Acquisition Company Co., Ltd.
KQ:452980
|
$27.11 Million |
|
Aspen Pharmacare Holdings Ltd
JSE:APN
|
$27.13 Million |
|
Papirfabrikken Invest A/S
CO:PFINV
|
$27.14 Million |
|
KL-Net Corp
KQ:039420
|
$27.14 Million |
|
SKY LIGHT HOLDINGS LTD
F:27L
|
$27.11 Million |
|
Cell MedX Corp
OTCQB:CMXC
|
$27.10 Million |
|
Topview Optronics Corporation
TWO:6556
|
$27.10 Million |
|
Foods & Inns Limited
NSE:FOODSIN
|
$27.08 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Western Acquisition Ventures Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 117,043,588 to 106,084, a change of -116,937,504 (-99.9%).
- Net loss of 1,034,593 reduced equity.
- Share repurchases of 114,329,594 reduced equity.
- Other factors decreased equity by 1,573,317.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-1.03 Million | -975.26% |
| Share Repurchases | $114.33 Million | -107772.7% |
| Other Changes | $-1.57 Million | -1483.09% |
| Total Change | $- | -99.91% |
Book Value vs Market Value Analysis
This analysis compares Western Acquisition Ventures 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: 370.45x
- 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 10390.31x to 370.45x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2021-12-31 | $0.00 | $9.60 | x |
| 2022-12-31 | $10.58 | $9.60 | x |
| 2023-12-31 | $0.03 | $9.60 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Western Acquisition Ventures 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): -975.26%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.00%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 32.16x
- Recent ROE (-975.26%) is below the historical average (-353.10%), 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 | -83.43% | 0.00% | 0.00x | 24.00x | $-12.73K |
| 2022 | -0.60% | 0.00% | 0.00x | 1.01x | $-12.41 Million |
| 2023 | -975.26% | 0.00% | 0.00x | 32.16x | $-1.05 Million |
Industry Comparison
This section compares Western Acquisition Ventures Corp's net assets metrics with peer companies in the Shell Companies industry.
Industry Context
- Industry: Shell Companies
- Average net assets among peers: $36,677,338
- Average return on equity (ROE) among peers: -64.57%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Western Acquisition Ventures Corp (WAVS) | $-1.06 Million | -83.43% | N/A | $27.11 Million |
| Artius II Acquisition Inc. Class A Ordinary Shares (AACB) | $-60.27K | 0.00% | 0.00x | $198.37 Million |
| Artius II Acquisition Inc. Units (AACBU) | $-60.27K | 0.00% | 0.00x | $205.28 Million |
| Ares Acquisition Corporation II (AACT-UN) | $931.34 Million | 0.00% | 0.08x | $399.77 Million |
| AA Mission Acquisition Corp. (AAM-UN) | $-559.90 Million | 0.00% | 0.00x | $349.76 Million |
| Global Acquisitions Corporation (AASP) | $3.80 Million | -5.26% | 0.34x | $15.42 Million |
| ABV Consulting Inc (ABVN) | $8.75K | -623.31% | 2.50x | $461.96K |
| Atlantic Coastal Acquisition Corp II (ACAB) | $-8.52 Million | 0.00% | 0.00x | $2.44 Million |
| Annabidiol Corp (ACBD) | $-501.57K | 0.00% | 0.00x | $13.62K |
| ACRO Biomedical Co Ltd (ACBM) | $685.87K | -17.12% | 0.46x | $30.04K |
| Huaizhong Health Group Inc (ADAD) | $-19.47K | 0.00% | 0.00x | $3.15K |