Spectra Systems Corporation
Spectra Systems Corporation invents, develops, and sells integrated optical systems in the United States and internationally. It operates through four segments: Authentication Systems, Secure Transactions, Security Printing, and Banknote Cleaning. The company offers integrated solutions, including a system of taggant materials and sensor equipment to authenticate banknotes and security documents;… Read more
Spectra Systems Corporation (SCTQ) - Net Assets
Latest net assets as of December 2023: $32.11 Million USD
Based on the latest financial reports, Spectra Systems Corporation (SCTQ) has net assets worth $32.11 Million USD as of December 2023.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($60.10 Million) and total liabilities ($27.98 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 | $32.11 Million |
| % of Total Assets | 53.44% |
| Annual Growth Rate | 4.82% |
| 5-Year Change | 24.1% |
| 10-Year Change | N/A |
| Growth Volatility | 4.39 |
Spectra Systems Corporation - Net Assets Trend (2015–2023)
This chart illustrates how Spectra Systems Corporation's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Spectra Systems Corporation (2015–2023)
The table below shows the annual net assets of Spectra Systems Corporation from 2015 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | $32.11 Million | +13.38% |
| 2022-12-31 | $28.32 Million | +1.44% |
| 2021-12-31 | $27.92 Million | -1.06% |
| 2020-12-31 | $28.22 Million | +9.06% |
| 2018-12-31 | $25.88 Million | +5.83% |
| 2017-12-31 | $24.45 Million | +5.08% |
| 2016-12-31 | $23.27 Million | +5.61% |
| 2015-12-31 | $22.03 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Spectra Systems Corporation'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 grown by 840943700.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | $56.40 Million | 178.82% |
| Total Equity | $31.54 Million | 100.00% |
Spectra Systems Corporation Competitors by Market Cap
The table below lists competitors of Spectra Systems Corporation ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
SRINANAPORN MARKETING
BK:SNNP-R
|
$84.46 Million |
|
Bookook Securities Co Ltd
KO:001275
|
$84.47 Million |
|
HUSCOMPAGNIET A/S DK 5
F:HCE
|
$84.49 Million |
|
Taiwan Optical Platform Co Ltd
TW:6464
|
$84.55 Million |
|
Hitit Bilgisayar Hizmetleri AS
IS:HTTBT
|
$84.41 Million |
|
Banque nationale de Belgique Société anonyme
BR:BNB
|
$84.38 Million |
|
Baiksan
KO:035150
|
$84.37 Million |
|
Delta Asia International Corporation
TWO:6762
|
$84.37 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Spectra Systems Corporation's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 27,726,687 to 31,540,850, a change of 3,814,163 (13.8%).
- Net income of 6,047,921 contributed positively to equity growth.
- Dividend payments of 5,181,799 reduced retained earnings.
- Other factors increased equity by 2,948,041.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $6.05 Million | +19.17% |
| Dividends Paid | $5.18 Million | -16.43% |
| Other Changes | $2.95 Million | +9.35% |
| Total Change | $- | 13.76% |
Book Value vs Market Value Analysis
This analysis compares Spectra Systems Corporation'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: 3.07x
- 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 3.37x to 3.07x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2020-12-31 | $0.60 | $2.03 | x |
| 2021-12-31 | $0.60 | $2.03 | x |
| 2022-12-31 | $0.62 | $2.03 | x |
| 2023-12-31 | $0.66 | $2.03 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Spectra Systems Corporation 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): 19.17%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 29.81%
- • Asset Turnover: 0.34x
- • Equity Multiplier: 1.91x
- Recent ROE (19.17%) is above the historical average (14.13%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2015 | 0.16% | 0.25% | 0.53x | 1.21x | $-2.17 Million |
| 2016 | 4.90% | 10.24% | 0.42x | 1.14x | $-1.19 Million |
| 2017 | 13.41% | 26.95% | 0.44x | 1.13x | $834.93K |
| 2018 | 15.67% | 32.46% | 0.44x | 1.09x | $1.47 Million |
| 2020 | 18.65% | 34.92% | 0.45x | 1.20x | $2.38 Million |
| 2021 | 18.93% | 31.12% | 0.50x | 1.22x | $2.43 Million |
| 2022 | 22.17% | 31.32% | 0.52x | 1.37x | $3.37 Million |
| 2023 | 19.17% | 29.81% | 0.34x | 1.91x | $2.89 Million |
Industry Comparison
This section compares Spectra Systems Corporation'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 |
|---|---|---|---|---|
| Spectra Systems Corporation (SCTQ) | $32.11 Million | 0.16% | 0.87x | $84.44 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 |