Pason Systems Inc
Pason Systems Inc., together with its subsidiaries, provides instrumentation and data management systems for oil and gas drilling in Canada, the United States, and internationally. The company offers AutoDriller, which delivers smooth payout to maximized rate of penetration and bit life; Communications, a suite of IT solutions that ensures effective collaboration between rig and office; DAS, an a… Read more
Pason Systems Inc (PSYTF) - Net Assets
Latest net assets as of September 2025: $483.43 Million USD
Based on the latest financial reports, Pason Systems Inc (PSYTF) has net assets worth $483.43 Million USD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($591.95 Million) and total liabilities ($108.52 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 | $483.43 Million |
| % of Total Assets | 81.67% |
| Annual Growth Rate | 18.78% |
| 5-Year Change | 62.37% |
| 10-Year Change | 1.27% |
| Growth Volatility | 60.16 |
Pason Systems Inc - Net Assets Trend (1996–2024)
This chart illustrates how Pason Systems 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 Pason Systems Inc (1996–2024)
The table below shows the annual net assets of Pason Systems Inc from 1996 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $495.67 Million | +23.62% |
| 2023-12-31 | $400.95 Million | +5.25% |
| 2022-12-31 | $380.96 Million | +23.78% |
| 2021-12-31 | $307.78 Million | +0.82% |
| 2020-12-31 | $305.28 Million | -11.88% |
| 2019-12-31 | $346.45 Million | -10.26% |
| 2018-12-31 | $386.08 Million | +11.11% |
| 2017-12-31 | $347.49 Million | -10.13% |
| 2016-12-31 | $386.65 Million | -21.00% |
| 2015-12-31 | $489.45 Million | +1.23% |
| 2014-12-31 | $483.52 Million | +31.94% |
| 2013-12-31 | $366.47 Million | -0.60% |
| 2012-12-31 | $368.70 Million | +0.39% |
| 2011-12-31 | $367.27 Million | +17.58% |
| 2010-12-31 | $312.37 Million | +1.31% |
| 2009-12-31 | $308.33 Million | -13.04% |
| 2008-12-31 | $354.59 Million | +30.98% |
| 2007-12-31 | $270.72 Million | +17.09% |
| 2006-12-31 | $231.21 Million | +41.71% |
| 2005-12-31 | $163.16 Million | +42.19% |
| 2004-12-31 | $114.75 Million | +36.76% |
| 2003-12-31 | $83.90 Million | +27.36% |
| 2002-12-31 | $65.88 Million | +22.13% |
| 2001-12-31 | $53.94 Million | +52.17% |
| 2000-12-31 | $35.45 Million | +34.78% |
| 1999-12-31 | $26.30 Million | +16.37% |
| 1998-12-31 | $22.60 Million | +33.73% |
| 1997-12-31 | $16.90 Million | +322.50% |
| 1996-12-31 | $4.00 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Pason Systems 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 grown by 13648.2% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $247.47 Million | 49.06% |
| Other Components | $256.94 Million | 50.94% |
| Total Equity | $504.41 Million | 100.00% |
Pason Systems Inc Competitors by Market Cap
The table below lists competitors of Pason Systems Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Criteo S.A
F:CI5A
|
$721.27 Million |
|
Allis Electric Co Ltd
TW:1514
|
$721.68 Million |
|
Basellandschaftliche Kantonalbank
SW:BLKB
|
$721.98 Million |
|
Beijing Lier High Temperature Materials Co Ltd
SHE:002392
|
$722.14 Million |
|
Taiwan Surface Mounting Technology Corp
TW:6278
|
$720.83 Million |
|
Ubisoft Entertainment
PINK:UBSFF
|
$720.80 Million |
|
Jiangsu Nanfang Bearing Co Ltd
SHE:002553
|
$720.70 Million |
|
Anhui Water Resources Development Co Ltd
SHG:600502
|
$720.65 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Pason Systems Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 408,058,000 to 504,413,000, a change of 96,355,000 (23.6%).
- Net income of 121,504,000 contributed positively to equity growth.
- Dividend payments of 41,362,000 reduced retained earnings.
- Share repurchases of 9,997,000 reduced equity.
- Other comprehensive income decreased equity by 71,888,000.
- Other factors increased equity by 98,098,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $121.50 Million | +24.09% |
| Dividends Paid | $41.36 Million | -8.2% |
| Share Repurchases | $10.00 Million | -1.98% |
| Other Comprehensive Income | $-71.89 Million | -14.25% |
| Other Changes | $98.10 Million | +19.45% |
| Total Change | $- | 23.61% |
Book Value vs Market Value Analysis
This analysis compares Pason Systems 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: 1.46x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 119.06x to 1.46x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1996-12-31 | $0.08 | $9.26 | x |
| 1997-12-31 | $0.27 | $9.26 | x |
| 1998-12-31 | $0.32 | $9.26 | x |
| 1999-12-31 | $0.37 | $9.26 | x |
| 2000-12-31 | $0.53 | $9.26 | x |
| 2001-12-31 | $0.77 | $9.26 | x |
| 2002-12-31 | $0.91 | $9.26 | x |
| 2003-12-31 | $1.12 | $9.26 | x |
| 2004-12-31 | $1.48 | $9.26 | x |
| 2005-12-31 | $2.08 | $9.26 | x |
| 2006-12-31 | $2.89 | $9.26 | x |
| 2007-12-31 | $3.36 | $9.26 | x |
| 2008-12-31 | $4.33 | $9.26 | x |
| 2009-12-31 | $3.78 | $9.26 | x |
| 2010-12-31 | $3.83 | $9.26 | x |
| 2011-12-31 | $4.45 | $9.26 | x |
| 2012-12-31 | $4.46 | $9.26 | x |
| 2013-12-31 | $4.43 | $9.26 | x |
| 2014-12-31 | $5.77 | $9.26 | x |
| 2015-12-31 | $5.85 | $9.26 | x |
| 2016-12-31 | $4.58 | $9.26 | x |
| 2017-12-31 | $4.08 | $9.26 | x |
| 2018-12-31 | $4.51 | $9.26 | x |
| 2019-12-31 | $4.05 | $9.26 | x |
| 2020-12-31 | $3.66 | $9.26 | x |
| 2021-12-31 | $3.76 | $9.26 | x |
| 2022-12-31 | $4.68 | $9.26 | x |
| 2023-12-31 | $5.06 | $9.26 | x |
| 2024-12-31 | $6.34 | $9.26 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Pason Systems 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): 24.09%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 29.34%
- • Asset Turnover: 0.67x
- • Equity Multiplier: 1.22x
- Recent ROE (24.09%) is above the historical average (17.00%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1996 | 22.50% | 21.95% | 0.56x | 1.83x | $500.00K |
| 1997 | 24.26% | 30.15% | 0.54x | 1.49x | $2.41 Million |
| 1998 | 21.68% | 21.40% | 0.75x | 1.36x | $2.64 Million |
| 1999 | 15.59% | 17.15% | 0.59x | 1.53x | $1.47 Million |
| 2000 | 22.90% | 18.65% | 0.68x | 1.82x | $4.57 Million |
| 2001 | 28.62% | 24.50% | 0.77x | 1.52x | $10.04 Million |
| 2002 | 14.58% | 17.37% | 0.61x | 1.37x | $3.02 Million |
| 2003 | 29.32% | 26.79% | 0.82x | 1.34x | $16.21 Million |
| 2004 | 29.49% | 27.69% | 0.88x | 1.21x | $22.37 Million |
| 2005 | 30.82% | 28.26% | 0.82x | 1.34x | $33.96 Million |
| 2006 | 27.91% | 26.82% | 0.89x | 1.17x | $41.41 Million |
| 2007 | 20.34% | 23.28% | 0.78x | 1.11x | $27.98 Million |
| 2008 | 17.29% | 20.96% | 0.69x | 1.20x | $25.86 Million |
| 2009 | -1.79% | -3.78% | 0.39x | 1.21x | $-36.34 Million |
| 2010 | 11.38% | 14.24% | 0.59x | 1.36x | $4.30 Million |
| 2011 | 23.48% | 25.85% | 0.73x | 1.24x | $49.50 Million |
| 2012 | 10.82% | 10.32% | 0.79x | 1.32x | $3.01 Million |
| 2013 | 6.45% | 5.87% | 0.90x | 1.22x | $-12.99 Million |
| 2014 | 23.18% | 22.45% | 0.88x | 1.18x | $63.75 Million |
| 2015 | -2.99% | -5.12% | 0.54x | 1.08x | $-63.56 Million |
| 2016 | -10.51% | -25.32% | 0.37x | 1.13x | $-79.29 Million |
| 2017 | 7.25% | 10.25% | 0.62x | 1.15x | $-9.56 Million |
| 2018 | 16.30% | 20.54% | 0.66x | 1.20x | $24.34 Million |
| 2019 | 15.60% | 18.30% | 0.68x | 1.26x | $19.43 Million |
| 2020 | 1.67% | 3.28% | 0.43x | 1.18x | $-25.57 Million |
| 2021 | 10.87% | 16.38% | 0.54x | 1.22x | $2.70 Million |
| 2022 | 27.85% | 32.12% | 0.71x | 1.22x | $68.97 Million |
| 2023 | 23.90% | 26.41% | 0.76x | 1.20x | $56.73 Million |
| 2024 | 24.09% | 29.34% | 0.67x | 1.22x | $71.06 Million |
Industry Comparison
This section compares Pason Systems Inc's net assets metrics with peer companies in the Oil & Gas Equipment & Services industry.
Industry Context
- Industry: Oil & Gas Equipment & Services
- Average net assets among peers: $5,464,315,253
- Average return on equity (ROE) among peers: -34.58%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Pason Systems Inc (PSYTF) | $483.43 Million | 22.50% | 0.22x | $721.04 Million |
| ProFrac Holding Corp. (ACDC) | $1.33 Billion | -7.35% | 1.31x | $222.04 Million |
| Atlas Energy Solutions Inc. (AESI) | $867.82 Million | 18.44% | 0.45x | $1.34 Billion |
| Akastor ASA (AKKVF) | $13.55 Billion | 9.27% | 2.55x | $54.21 Million |
| Andatee China Marine Fuel Services (AMCF) | $18.84 Million | 34.05% | 1.21x | $0.98 |
| Archrock Inc (AROC) | $2.23 Billion | -42.52% | 1.73x | $6.15 Billion |
| Anton Oilfield Services Group (ATONY) | $2.15 Billion | -9.22% | 2.02x | $381.63 Million |
| Auri Inc (AURI) | $-2.74 Million | 0.00% | 0.00x | $1.91 |
| Baker Hughes Co (BKR) | $34.50 Billion | 0.37% | 0.55x | $56.21 Billion |
| Kbridge Energy Corp (BMMCF) | $-341.75K | 0.00% | 0.00x | $880.54 |
| Bri-Chem Corp (BRYFF) | $131.44K | -348.83% | 2.61x | $4.32 Million |