BlockchainK2 Corp
BlockchainK2 Corp. engages in investing in blockchain technology solutions for capital markets and other sectors. The company operates Amplify gaming platform, a blockchain-powered service that manages the sales and promotion of video games; and iRecover Coin App to implement the findings and principles of behaviorism, social neurodevelopment, and behavioral economics in a blockchain-based applic… Read more
BlockchainK2 Corp (BIDCF) - Net Assets
Latest net assets as of June 2024: $-190.09K USD
Based on the latest financial reports, BlockchainK2 Corp (BIDCF) has net assets worth $-190.09K USD as of June 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($1.24 Million) and total liabilities ($1.43 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 | $-190.09K |
| % of Total Assets | -15.34% |
| Annual Growth Rate | -29.82% |
| 5-Year Change | -89.72% |
| 10-Year Change | -61.54% |
| Growth Volatility | 374.36 |
BlockchainK2 Corp - Net Assets Trend (2012–2023)
This chart illustrates how BlockchainK2 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 BlockchainK2 Corp (2012–2023)
The table below shows the annual net assets of BlockchainK2 Corp from 2012 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-09-30 | $297.78K | -22.61% |
| 2022-09-30 | $384.79K | -74.50% |
| 2021-09-30 | $1.51 Million | -43.84% |
| 2020-09-30 | $2.69 Million | -7.21% |
| 2019-09-30 | $2.90 Million | -18.41% |
| 2018-09-30 | $3.55 Million | +273.83% |
| 2017-09-30 | $949.37K | +1246.70% |
| 2016-09-30 | $70.50K | -83.07% |
| 2015-09-30 | $416.34K | -46.22% |
| 2014-09-30 | $774.18K | -94.09% |
| 2013-09-30 | $13.09 Million | -10.57% |
| 2012-09-30 | $14.64 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to BlockchainK2 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 6168450000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (September 2023)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | $62.03 Million | 18176.10% |
| Total Equity | $341.25K | 100.00% |
BlockchainK2 Corp Competitors by Market Cap
The table below lists competitors of BlockchainK2 Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Modern Plant Based Foods Inc
PINK:MDRNF
|
$1.18 Million |
|
Solo Brands Inc
NYSE:DTC
|
$1.18 Million |
|
D R HORTON (HO2.SG)
STU:HO2
|
$1.18 Million |
|
Cullen Resources Ltd
AU:CUL
|
$1.18 Million |
|
Dharani Sugars&Chemicals Limited
NSE:DHARSUGAR
|
$1.18 Million |
|
COACH (COY.SG)
STU:COY
|
$1.18 Million |
|
Gold Ent Group New
PINK:GEGP
|
$1.17 Million |
|
Cyber Media (India) Limited
NSE:CYBERMEDIA
|
$1.17 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in BlockchainK2 Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 412,839 to 341,249, a change of -71,590 (-17.3%).
- Net loss of 316,136 reduced equity.
- New share issuances of 250,000 increased equity.
- Other factors decreased equity by 5,454.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-316.14K | -92.64% |
| Share Issuances | $250.00K | +73.26% |
| Other Changes | $-5.45K | -1.6% |
| Total Change | $- | -17.34% |
Book Value vs Market Value Analysis
This analysis compares BlockchainK2 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: 3.19x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2015-09-30 | $0.00 | $0.05 | x |
| 2016-09-30 | $0.00 | $0.05 | x |
| 2017-09-30 | $0.08 | $0.05 | x |
| 2018-09-30 | $0.22 | $0.05 | x |
| 2019-09-30 | $0.18 | $0.05 | x |
| 2020-09-30 | $0.16 | $0.05 | x |
| 2021-09-30 | $0.09 | $0.05 | x |
| 2022-09-30 | $0.02 | $0.05 | x |
| 2023-09-30 | $0.02 | $0.05 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently BlockchainK2 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): -92.64%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -990.96%
- • Asset Turnover: 0.03x
- • Equity Multiplier: 3.40x
- Recent ROE (-92.64%) is above the historical average (-274.50%), indicating improving 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 | 1.02x | $-1.46 Million |
| 2013 | 0.00% | 0.00% | 0.00x | 1.08x | $-1.31 Million |
| 2014 | -1891.35% | 0.00% | 0.00x | 1.28x | $-14.72 Million |
| 2015 | -242.37% | 0.00% | 0.00x | 1.18x | $-1.05 Million |
| 2016 | -489.22% | 0.00% | 0.00x | 2.93x | $-351.93K |
| 2017 | -57.32% | 0.00% | 0.00x | 1.12x | $-639.14K |
| 2018 | -72.50% | 0.00% | 0.00x | 1.10x | $-2.93 Million |
| 2019 | -23.65% | 0.00% | 0.00x | 1.02x | $-974.30K |
| 2020 | -12.24% | -894.69% | 0.01x | 1.07x | $-582.99K |
| 2021 | -150.81% | -1920.48% | 0.06x | 1.28x | $-2.35 Million |
| 2022 | -261.93% | -1477.62% | 0.05x | 3.28x | $-1.12 Million |
| 2023 | -92.64% | -990.96% | 0.03x | 3.40x | $-350.26K |
Industry Comparison
This section compares BlockchainK2 Corp's net assets metrics with peer companies in the Software - Infrastructure industry.
Industry Context
- Industry: Software - Infrastructure
- Average net assets among peers: $237,144,588
- Average return on equity (ROE) among peers: -85.78%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| BlockchainK2 Corp (BIDCF) | $-190.09K | 0.00% | N/A | $1.18 Million |
| Automatic Bank Services Limited (ABANF) | $231.37 Million | 16.52% | 0.19x | $269.02 Million |
| ACI Worldwide Inc (ACIW) | $76.50 Million | 16.47% | 0.61x | $4.01 Billion |
| Adyen N.V (ADYYF) | $389.78 Million | 18.29% | 1.92x | $34.24 Billion |
| Aeva Technologies, Inc. Common Stock (AEVA) | $99.35 Million | -153.25% | 0.48x | $418.95 Million |
| Aeva Technologies, Inc. Warrants (AEVAW) | $456.38 Million | -22.32% | 0.05x | $3.74 Million |
| Affluence Corporation (AFFU) | $-639.00K | 0.00% | 0.00x | $3.98K |
| Axe Compute Inc. (AGPU) | $923.68K | -706.52% | 2.04x | $2.86 Million |
| C3 Ai Inc (AI) | $838.30 Million | -34.44% | 0.22x | $1.15 Billion |
| iLearningEngines, Inc. (AILE) | $264.32 Million | 1.83% | 0.09x | $17.39 Million |
| PowerFleet, Inc. (AIOT) | $15.17 Million | 5.61% | 0.31x | $383.57 Million |