Renewable Innovations Inc.
Renewable Innovations, Inc., a hydrogen and fuel cell solutions provider, focuses on designing, optimizing, developing, and producing modular, scalable, and zero-carbon green renewable solutions in the United States and internationally. The company provides mobile and transportable HFC-powered EV rapid charge systems; hydrogen transport and refueling vehicles; and greenhouse grids to power commun… Read more
Renewable Innovations Inc. (REII) - Net Assets
Latest net assets as of February 2023: $884.59K USD
Based on the latest financial reports, Renewable Innovations Inc. (REII) has net assets worth $884.59K USD as of February 2023.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($8.85 Million) and total liabilities ($7.97 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 | $884.59K |
| % of Total Assets | 9.99% |
| Annual Growth Rate | N/A |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | N/A |
Renewable Innovations Inc. - Net Assets Trend (2020–2022)
This chart illustrates how Renewable Innovations 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 Renewable Innovations Inc. (2020–2022)
The table below shows the annual net assets of Renewable Innovations Inc. from 2020 to 2022.
| Year | Net Assets | Change |
|---|---|---|
| 2022-11-30 | $2.66 Million | +1899.15% |
| 2021-11-30 | $-148.03K | -22.38% |
| 2020-11-30 | $-120.96K | -- |
Equity Component Analysis
This analysis shows how different components contribute to Renewable Innovations 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 153497400.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (November 2022)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $500.00 | 0.02% |
| Other Components | $4.79 Million | 179.73% |
| Total Equity | $2.66 Million | 100.00% |
Renewable Innovations Inc. Competitors by Market Cap
The table below lists competitors of Renewable Innovations Inc. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
LETLOLE LA RONA LIMITED
XBOT:LETS-EQO
|
$575.57 |
|
Aisha Steel Mills Limited (Preference Shares)
KAR:ASLPS
|
$576.67 |
|
Motus GI Holdings Inc
OTCQB:MOTS
|
$576.78 |
|
RENUKA FOODS PLC
CM:COCOX0000
|
$577.39 |
|
J A Textile Mills Ltd
KAR:JATM
|
$575.35 |
|
OXB
KLSE:0368
|
$575.13 |
|
GlobeImmune Inc
PINK:GBIM
|
$575.00 |
|
O.T. Mining Corp
PINK:OTMN
|
$574.48 |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Renewable Innovations Inc.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2021 to 2022, total equity changed from -148,026 to 2,663,205, a change of 2,811,231.
- Net loss of 917,731 reduced equity.
- New share issuances of 1,215,000 increased equity.
- Other factors increased equity by 2,513,962.
Equity Change Factors (2021 to 2022)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-917.73K | -34.46% |
| Share Issuances | $1.22 Million | +45.62% |
| Other Changes | $2.51 Million | +94.4% |
| Total Change | $- | % |
Book Value vs Market Value Analysis
This analysis compares Renewable Innovations 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
- Current price-to-book ratio: 0.00x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2020-11-30 | $-0.07 | $0.00 | x |
| 2021-11-30 | $-0.09 | $0.00 | x |
| 2022-11-30 | $0.44 | $0.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Renewable Innovations 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): -34.46%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -1966.22%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 3.56x
- Recent ROE (-34.46%) is below the historical average (-11.49%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2020 | 0.00% | -94.88% | 17.79x | 0.00x | $-57.52K |
| 2021 | 0.00% | -44.34% | 3.11x | 0.00x | $-12.27K |
| 2022 | -34.46% | -1966.22% | 0.00x | 3.56x | $-1.18 Million |
Industry Comparison
This section compares Renewable Innovations Inc.'s net assets metrics with peer companies in the Auto Parts industry.
Industry Context
- Industry: Auto Parts
- Average net assets among peers: $94,031,693,577
- Average return on equity (ROE) among peers: 7.83%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Renewable Innovations Inc. (REII) | $884.59K | 0.00% | 9.01x | $575.46 |
| Altisource Asset Management Corporation (AAMCF) | $-166.58 Million | 0.00% | 0.00x | $94.00 |
| Advance Auto Parts Inc (AAP) | $919.77 Million | 25.52% | 1.76x | $3.10 Billion |
| AB Dynamics plc (ABDDF) | $125.16 Million | 8.78% | 0.36x | $390.81 Million |
| Adient PLC (ADNT) | $4.62 Billion | 18.98% | 1.85x | $1.57 Billion |
| Agristar Inc (AGRS) | $687.77K | -63.01% | 1.48x | $99.67 |
| Akebono Brake Industry Co. Ltd (AKBIF) | $54.74 Billion | 12.11% | 1.84x | $73.29 Million |
| Allison Transmission Holdings Inc (ALSN) | $1.40 Billion | 16.35% | 2.44x | $9.85 Billion |
| Autoliv Inc (ALV) | $3.78 Billion | 12.79% | 0.74x | $7.75 Billion |
| Aptiv PLC (APTV) | $3.01 Billion | 44.84% | 2.56x | $15.18 Billion |
| Aisin Seiki Co Ltd (ASEKY) | $871.89 Billion | 1.90% | 1.27x | $5.03 Billion |