MetaWorks Platforms Inc.
Waste Energy Corp. owns, builds, partners with, and operates Web3 Platforms-as-a-Service. It leverages Web3 tools and technologies, such as blockchain, digital wallets and rewards, non-fungible and fungible tokens, and green technologies. The company also offers turnkey set of Web3 tools, platforms, and services for companies to develop and integrate blockchain, payments, and Web3 technologies in… Read more
MetaWorks Platforms Inc. (MWRK) - Net Assets
Latest net assets as of September 2024: $-3.01 Million USD
Based on the latest financial reports, MetaWorks Platforms Inc. (MWRK) has net assets worth $-3.01 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 ($45.71K) and total liabilities ($3.06 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 | $-3.01 Million |
| % of Total Assets | -6593.89% |
| Annual Growth Rate | N/A |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 1287.35 |
MetaWorks Platforms Inc. - Net Assets Trend (2018–2023)
This chart illustrates how MetaWorks Platforms Inc.'s net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for MetaWorks Platforms Inc. (2018–2023)
The table below shows the annual net assets of MetaWorks Platforms Inc. from 2018 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | $-898.63K | -2873.82% |
| 2022-12-31 | $32.40K | -99.10% |
| 2021-12-31 | $3.61 Million | +163.07% |
| 2020-12-31 | $-5.73 Million | -183.64% |
| 2019-12-31 | $-2.02 Million | -188.99% |
| 2018-12-31 | $2.27 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to MetaWorks Platforms 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 4236540800.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | $46.34 Million | % |
| Total Equity | $-737.38K | 100.00% |
MetaWorks Platforms Inc. Competitors by Market Cap
The table below lists competitors of MetaWorks Platforms Inc. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Ostrom Climate Solutions Inc
V:COO
|
$1.22 Million |
|
Quantum Software SA
WAR:QNT
|
$1.22 Million |
|
WORKDAY-A
MU:W7D
|
$1.22 Million |
|
AERCAP HOLD
BE:R1D
|
$1.22 Million |
|
LIVE NATION ENT
BE:3LN
|
$1.22 Million |
|
Rectifier Technologies Ltd
AU:RFT
|
$1.22 Million |
|
Zaplox AB
ST:ZAPLOX
|
$1.22 Million |
|
MLRN Projects and Trade Ltd
TA:MLRN
|
$1.21 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in MetaWorks Platforms Inc.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 914,117 to -737,375, a change of -1,651,492 (-180.7%).
- Net loss of 5,650,103 reduced equity.
- New share issuances of 910,400 increased equity.
- Other factors increased equity by 3,088,211.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-5.65 Million | -766.25% |
| Share Issuances | $910.40K | +123.46% |
| Other Changes | $3.09 Million | +418.81% |
| Total Change | $- | -180.67% |
Book Value vs Market Value Analysis
This analysis compares MetaWorks Platforms 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
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2018-12-31 | $0.11 | $0.01 | x |
| 2019-12-31 | $-0.07 | $0.01 | x |
| 2020-12-31 | $-0.15 | $0.01 | x |
| 2021-12-31 | $0.06 | $0.01 | x |
| 2022-12-31 | $0.01 | $0.01 | x |
| 2023-12-31 | $-0.01 | $0.01 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently MetaWorks Platforms 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): 0.00%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -1361.20%
- • Asset Turnover: 0.25x
- • Equity Multiplier: 0.00x
- Recent ROE (0.00%) is above the historical average (-226.94%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2018 | -177.20% | 0.00% | 0.00x | 1.40x | $-4.25 Million |
| 2019 | 0.00% | -1839.17% | 5.82x | 0.00x | $-4.43 Million |
| 2020 | 0.00% | -2108.20% | 1.34x | 0.00x | $-3.47 Million |
| 2021 | -504.85% | -4815.28% | 0.09x | 1.18x | $-23.20 Million |
| 2022 | -679.59% | -338.40% | 1.13x | 1.77x | $-6.30 Million |
| 2023 | 0.00% | -1361.20% | 0.25x | 0.00x | $-5.58 Million |
Industry Comparison
This section compares MetaWorks Platforms Inc.'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 |
|---|---|---|---|---|
| MetaWorks Platforms Inc. (MWRK) | $-3.01 Million | -177.20% | N/A | $1.22 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 |