Affiliated Resources Corp
Affiliated Resources Corporation, through ChemWay Systems, Inc., produces aftermarket automotive fluids, including automotive care and performance products, refrigerants, lubricants and solvents. The company intends to focus on the acquisition of those companies whose product or service is technically innovative and market-proven, but whose market penetration can be significantly expanded through… Read more
Affiliated Resources Corp (AFFL) - Net Assets
Latest net assets as of September 2000: $-1.48 Million USD
Based on the latest financial reports, Affiliated Resources Corp (AFFL) has net assets worth $-1.48 Million USD as of September 2000.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($166.69K) and total liabilities ($1.64 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 | $-1.48 Million |
| % of Total Assets | -886.73% |
| Annual Growth Rate | 703.47% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 3724.09 |
Affiliated Resources Corp - Net Assets Trend (1996–1999)
This chart illustrates how Affiliated Resources 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 Affiliated Resources Corp (1996–1999)
The table below shows the annual net assets of Affiliated Resources Corp from 1996 to 1999.
| Year | Net Assets | Change |
|---|---|---|
| 1999-12-31 | $4.61 Million | -23.77% |
| 1998-12-31 | $6.04 Million | +1019.02% |
| 1997-12-31 | $-657.65K | -7471.95% |
| 1996-12-31 | $8.92K | -- |
Equity Component Analysis
This analysis shows how different components contribute to Affiliated Resources 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 485631900.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 1999)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $53.84K | 1.17% |
| Other Components | $14.59 Million | 316.55% |
| Total Equity | $4.61 Million | 100.00% |
Affiliated Resources Corp Competitors by Market Cap
The table below lists competitors of Affiliated Resources Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
MATSA RESOURCES - Dusseldorf Stock Exchang
DU:KB2
|
$496.40 |
|
Reliance Insurance Co Ltd
KAR:RICL
|
$496.68 |
|
S-Ventures Plc
PINK:SVTPF
|
$498.90 |
|
Strip Tinning Holdings PLC
LSE:STG
|
$498.93 |
|
Weed Growth Fund Inc.
PINK:WEDG
|
$495.10 |
|
Blue Earth Resources Inc
PINK:BERI
|
$494.55 |
|
Cannabis Poland S.A.
WAR:CBD
|
$493.66 |
|
Dawood Equities Ltd
KAR:DEL
|
$493.45 |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Affiliated Resources Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 1998 to 1999, total equity changed from 6,043,986 to 4,607,491, a change of -1,436,495 (-23.8%).
- Net loss of 2,401,396 reduced equity.
- Other factors increased equity by 964,901.
Equity Change Factors (1998 to 1999)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-2.40 Million | -52.12% |
| Other Changes | $964.90K | +20.94% |
| Total Change | $- | -23.77% |
Book Value vs Market Value Analysis
This analysis compares Affiliated Resources 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: 0.20x
- 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 |
|---|---|---|---|
| 1999-12-31 | $0.25 | $0.05 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Affiliated Resources 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): -52.12%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -462.36%
- • Asset Turnover: 0.07x
- • Equity Multiplier: 1.60x
- Recent ROE (-52.12%) is above the historical average (-995.95%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1996 | -3903.43% | -7393.31% | 0.03x | 19.58x | $-349.12K |
| 1997 | 0.00% | 0.00% | 0.00x | 0.00x | $-1.86 Million |
| 1998 | -28.27% | 0.00% | 0.00x | 1.36x | $-2.31 Million |
| 1999 | -52.12% | -462.36% | 0.07x | 1.60x | $-2.86 Million |
Industry Comparison
This section compares Affiliated Resources Corp's net assets metrics with peer companies in the Shell Companies industry.
Industry Context
- Industry: Shell Companies
- Average net assets among peers: $36,677,338
- Average return on equity (ROE) among peers: -64.57%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Affiliated Resources Corp (AFFL) | $-1.48 Million | -3903.43% | N/A | $496.15 |
| Artius II Acquisition Inc. Class A Ordinary Shares (AACB) | $-60.27K | 0.00% | 0.00x | $198.37 Million |
| Artius II Acquisition Inc. Units (AACBU) | $-60.27K | 0.00% | 0.00x | $205.28 Million |
| Ares Acquisition Corporation II (AACT-UN) | $931.34 Million | 0.00% | 0.08x | $399.77 Million |
| AA Mission Acquisition Corp. (AAM-UN) | $-559.90 Million | 0.00% | 0.00x | $349.76 Million |
| Global Acquisitions Corporation (AASP) | $3.80 Million | -5.26% | 0.34x | $15.42 Million |
| ABV Consulting Inc (ABVN) | $8.75K | -623.31% | 2.50x | $461.96K |
| Atlantic Coastal Acquisition Corp II (ACAB) | $-8.52 Million | 0.00% | 0.00x | $2.44 Million |
| Annabidiol Corp (ACBD) | $-501.57K | 0.00% | 0.00x | $13.62K |
| ACRO Biomedical Co Ltd (ACBM) | $685.87K | -17.12% | 0.46x | $30.04K |
| Huaizhong Health Group Inc (ADAD) | $-19.47K | 0.00% | 0.00x | $3.15K |