POSaBIT Systems Corp
POSaBIT Systems Corporation operates as a financial infrastructure provider to the Cannabis sector in the United States. It provides point-of-sale (POS) software as a service and cashless payment services for cannabis retailers; and sells and installs of payment terminals. The company also offers license of technology and support services, as well as rents and sells of hardware related to its pay… Read more
POSaBIT Systems Corp (POSAF) - Net Assets
Latest net assets as of September 2025: $-878.40K USD
Based on the latest financial reports, POSaBIT Systems Corp (POSAF) has net assets worth $-878.40K USD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($5.90 Million) and total liabilities ($6.78 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 | $-878.40K |
| % of Total Assets | -14.9% |
| Annual Growth Rate | N/A |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 610.1 |
POSaBIT Systems Corp - Net Assets Trend (2016–2024)
This chart illustrates how POSaBIT Systems 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 POSaBIT Systems Corp (2016–2024)
The table below shows the annual net assets of POSaBIT Systems Corp from 2016 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $458.94K | -91.36% |
| 2023-12-31 | $5.31 Million | -35.43% |
| 2022-12-31 | $8.22 Million | +194.44% |
| 2021-12-31 | $-8.71 Million | -184.83% |
| 2020-12-31 | $-3.06 Million | -74.64% |
| 2019-12-31 | $-1.75 Million | -1424.14% |
| 2018-12-31 | $132.19K | +63.70% |
| 2017-12-31 | $80.75K | +108.90% |
| 2016-12-31 | $-907.46K | -- |
Equity Component Analysis
This analysis shows how different components contribute to POSaBIT Systems 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 3326687000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | $34.80 Million | 7582.80% |
| Total Equity | $458.94K | 100.00% |
POSaBIT Systems Corp Competitors by Market Cap
The table below lists competitors of POSaBIT Systems Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
SANCY BERHAD
KLSE:03057
|
$6.08 Million |
|
Resverlogix Corp.
PINK:RVXCF
|
$6.08 Million |
|
Chiangmai Frozen Foods Public Company Limited
BK:CM
|
$6.08 Million |
|
Aquaron Acquisition Corp. Common Stock
NASDAQ:AQU
|
$6.08 Million |
|
Viet Thang Corp
VN:TVT
|
$6.07 Million |
|
Hasen-Immobilien AG
STU:ABHA
|
$6.07 Million |
|
PT Verona Indah Pictures Tbk
JK:VERN
|
$6.07 Million |
|
Adelong Gold Ltd
AU:ADG
|
$6.07 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in POSaBIT Systems Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 5,309,513 to 458,939, a change of -4,850,574 (-91.4%).
- Net loss of 5,716,359 reduced equity.
- Other factors increased equity by 865,785.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-5.72 Million | -1245.56% |
| Other Changes | $865.78K | +188.65% |
| Total Change | $- | -91.36% |
Book Value vs Market Value Analysis
This analysis compares POSaBIT Systems 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: 19.44x
- 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 increased from 3.00x to 19.44x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | $0.02 | $0.06 | x |
| 2018-12-31 | $0.03 | $0.06 | x |
| 2019-12-31 | $-0.02 | $0.06 | x |
| 2020-12-31 | $-0.03 | $0.06 | x |
| 2021-12-31 | $-0.07 | $0.06 | x |
| 2022-12-31 | $0.06 | $0.06 | x |
| 2023-12-31 | $0.03 | $0.06 | x |
| 2024-12-31 | $0.00 | $0.06 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently POSaBIT Systems 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): -1245.56%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -37.43%
- • Asset Turnover: 1.78x
- • Equity Multiplier: 18.75x
- Recent ROE (-1245.56%) is below the historical average (-620.95%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | 0.00% | -2449.51% | 0.30x | 0.00x | $-929.08K |
| 2017 | -4104.67% | -496.75% | 8.18x | 1.01x | $-3.32 Million |
| 2018 | -77.20% | 0.00% | 0.00x | 1.00x | $-115.27K |
| 2019 | 0.00% | -132.00% | 2.06x | 0.00x | $-5.34 Million |
| 2020 | 0.00% | -16.00% | 2.12x | 0.00x | $-945.60K |
| 2021 | 0.00% | -49.60% | 2.70x | 0.00x | $-9.69 Million |
| 2022 | 98.06% | 16.20% | 2.77x | 2.19x | $7.24 Million |
| 2023 | -259.17% | -31.58% | 3.31x | 2.48x | $-14.29 Million |
| 2024 | -1245.56% | -37.43% | 1.78x | 18.75x | $-5.76 Million |
Industry Comparison
This section compares POSaBIT Systems Corp'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 |
|---|---|---|---|---|
| POSaBIT Systems Corp (POSAF) | $-878.40K | 0.00% | N/A | $6.07 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 |