Wellfield Technologies Inc.
Wellfield Technologies Inc., together with its subsidiaries, engages in the development of blockchain and decentralized financial services for institutions and consumers. The company operates platforms that provides users to buy and sell cryptocurrencies. It offers its products under the Coinmama, Wellfield Capital, and Wellfield Gold brands. Wellfield Technologies Inc. was incorporated in 2021 a… Read more
Wellfield Technologies Inc. (WFLDF) - Net Assets
Latest net assets as of December 2024: $-7.72 Million USD
Based on the latest financial reports, Wellfield Technologies Inc. (WFLDF) has net assets worth $-7.72 Million USD as of December 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($16.01 Million) and total liabilities ($23.73 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 | $-7.72 Million |
| % of Total Assets | -48.26% |
| Annual Growth Rate | N/A |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 33.25 |
Wellfield Technologies Inc. - Net Assets Trend (2019–2023)
This chart illustrates how Wellfield Technologies 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 Wellfield Technologies Inc. (2019–2023)
The table below shows the annual net assets of Wellfield Technologies Inc. from 2019 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | $-4.26 Million | -123.93% |
| 2022-12-31 | $17.78 Million | -57.44% |
| 2021-12-31 | $41.78 Million | +3892.83% |
| 2020-12-31 | $-1.10 Million | -11.72% |
| 2019-12-31 | $-986.02K | -- |
Equity Component Analysis
This analysis shows how different components contribute to Wellfield Technologies 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 8318847200.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | $80.38 Million | % |
| Total Equity | $-4.26 Million | 100.00% |
Wellfield Technologies Inc. Competitors by Market Cap
The table below lists competitors of Wellfield Technologies Inc. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Thua Thien Hue Construction Joint Stock Corp
VN:HUB
|
$1.52 Million |
|
EFXB31
SA:EFXB31
|
$1.52 Million |
|
Izolacja Jarocin SA
WAR:IZO
|
$1.53 Million |
|
General de Galerias Comerciales SOCIMI S.A.
MC:GGC
|
$1.53 Million |
|
WILLIAMS-SONOMA
MU:WM1
|
$1.52 Million |
|
Norris Industries Inc
OTCQB:NRIS
|
$1.52 Million |
|
Edgewater Exploration Ltd
PINK:EDWZF
|
$1.52 Million |
|
MUNIC SA EO -04
F:MNS
|
$1.52 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Wellfield Technologies Inc.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 17,781,385 to -4,255,738, a change of -22,037,123 (-123.9%).
- Net loss of 28,774,049 reduced equity.
- New share issuances of 83,525 increased equity.
- Other factors increased equity by 6,653,401.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-28.77 Million | -676.12% |
| Share Issuances | $83.53K | +1.96% |
| Other Changes | $6.65 Million | +156.34% |
| Total Change | $- | -123.93% |
Book Value vs Market Value Analysis
This analysis compares Wellfield Technologies 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 |
|---|---|---|---|
| 2019-12-31 | $-0.01 | $0.02 | x |
| 2020-12-31 | $-0.01 | $0.02 | x |
| 2021-12-31 | $0.41 | $0.02 | x |
| 2022-12-31 | $0.11 | $0.02 | x |
| 2023-12-31 | $-0.02 | $0.02 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Wellfield Technologies 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: -55.13%
- • Asset Turnover: 3.13x
- • Equity Multiplier: 0.00x
- Recent ROE (0.00%) is above the historical average (-62.62%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2020 | 0.00% | 0.00% | 0.00x | 0.00x | $-23.95K |
| 2021 | -12.66% | -108916.23% | 0.00x | 1.04x | $-9.47 Million |
| 2022 | -237.82% | -169.21% | 1.02x | 1.38x | $-44.07 Million |
| 2023 | 0.00% | -55.13% | 3.13x | 0.00x | $-28.35 Million |
Industry Comparison
This section compares Wellfield Technologies 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 |
|---|---|---|---|---|
| Wellfield Technologies Inc. (WFLDF) | $-7.72 Million | 0.00% | N/A | $1.52 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 |