Axis Technologies Group Inc
Axis Technologies Group, Inc., through its subsidiary, Axis Technologies, Inc., designs, manufactures, and markets a range of daylight harvesting fluorescent lighting ballasts for the commercial lighting industry in North America. The company offers patented T8 Axis Daylight Harvesting Dimming Ballast, which are used to reduce the lighting energy costs. It also develops a line of dimming and dayl… Read more
Axis Technologies Group Inc (AXTG) - Net Assets
Latest net assets as of March 2024: $-16.04 Million USD
Based on the latest financial reports, Axis Technologies Group Inc (AXTG) has net assets worth $-16.04 Million USD as of March 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($1.73 Million) and total liabilities ($17.78 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 | $-16.04 Million |
| % of Total Assets | -925.46% |
| Annual Growth Rate | N/A |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 30.36 |
Axis Technologies Group Inc - Net Assets Trend (1997–2023)
This chart illustrates how Axis Technologies Group 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 Axis Technologies Group Inc (1997–2023)
The table below shows the annual net assets of Axis Technologies Group Inc from 1997 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | $-16.04 Million | +1.23% |
| 2022-12-31 | $-16.24 Million | -4070.90% |
| 2021-12-31 | $-389.42K | +83.85% |
| 2009-12-31 | $-2.41 Million | -329.66% |
| 2008-12-31 | $-561.11K | -102.08% |
| 2007-12-31 | $-277.67K | -102.13% |
| 2006-12-31 | $-137.37K | -111.07% |
| 1999-12-31 | $1.24 Million | -50.34% |
| 1998-12-31 | $2.50 Million | +1350.00% |
| 1997-12-31 | $-200.00K | -- |
Equity Component Analysis
This analysis shows how different components contribute to Axis Technologies Group 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 190000000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Total Equity | $-16.04 Million | 100.00% |
Axis Technologies Group Inc Competitors by Market Cap
The table below lists competitors of Axis Technologies Group Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Calissio Resources Group Inc
PINK:CRGP
|
$3.94 |
|
RCABS Inc
PINK:AXXA
|
$3.94 |
|
Tytan Holdings Inc
PINK:TYTN
|
$3.97 |
|
Dakshidin Corporatio
PINK:DKSC
|
$3.97 |
|
Innovativ Media Group Inc
PINK:DMAN
|
$3.93 |
|
Hear Atlast Holdings Inc
PINK:HRAL
|
$3.88 |
|
Esken Ltd
STU:1SJ
|
$3.84 |
|
Human Unitec International Inc
PINK:HMNU
|
$3.83 |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Axis Technologies Group Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from -15,941,920 to -16,042,833, a change of -100,913.
- Net loss of 64,637 reduced equity.
- Other factors decreased equity by 36,276.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-64.64K | -0.4% |
| Other Changes | $-36.28K | -0.23% |
| Total Change | $- | % |
Book Value vs Market Value Analysis
This analysis compares Axis Technologies Group 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 |
|---|---|---|---|
| 1997-12-31 | $-1.19 | $0.00 | x |
| 1998-12-31 | $14.88 | $0.00 | x |
| 1999-12-31 | $6.89 | $0.00 | x |
| 2006-12-31 | $0.00 | $0.00 | x |
| 2007-12-31 | $0.00 | $0.00 | x |
| 2008-12-31 | $-0.01 | $0.00 | x |
| 2009-12-31 | $-0.04 | $0.00 | x |
| 2019-12-31 | $0.00 | $0.00 | x |
| 2020-12-31 | $0.00 | $0.00 | x |
| 2021-12-31 | $0.00 | $0.00 | x |
| 2022-12-31 | $-0.05 | $0.00 | x |
| 2023-12-31 | $-0.05 | $0.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Axis Technologies Group 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: -71.78%
- • Asset Turnover: 0.05x
- • Equity Multiplier: 0.00x
- Recent ROE (0.00%) is above the historical average (-24.94%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1997 | 0.00% | -1800.00% | 0.14x | 0.00x | $-1.78 Million |
| 1998 | -124.00% | -516.67% | 0.22x | 1.08x | $-3.35 Million |
| 1999 | -125.40% | -336.47% | 0.34x | 1.10x | $-1.68 Million |
| 2006 | 0.00% | -277.97% | 0.27x | 0.00x | $-425.06K |
| 2007 | 0.00% | -477.83% | 0.34x | 0.00x | $-747.25K |
| 2008 | 0.00% | -239.47% | 0.90x | 0.00x | $-1.59 Million |
| 2009 | 0.00% | -529.30% | 1.04x | 0.00x | $-2.03 Million |
| 2021 | 0.00% | 0.00% | 0.00x | 0.00x | $-15.80 |
| 2022 | 0.00% | -215.02% | 0.02x | 0.00x | $1.53 Million |
| 2023 | 0.00% | -71.78% | 0.05x | 0.00x | $1.54 Million |
Industry Comparison
This section compares Axis Technologies Group Inc's net assets metrics with peer companies in the Capital Markets industry.
Industry Context
- Industry: Capital Markets
- Average net assets among peers: $277,925,984
- Average return on equity (ROE) among peers: -4.75%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Axis Technologies Group Inc (AXTG) | $-16.04 Million | 0.00% | N/A | $3.94 |
| Armada Mercantile Ltd (AAMTF) | $197.80K | -9.79% | 0.44x | $3.53 Million |
| ABG Sundal Collier Holding ASA (ABGSF) | $1.65 Billion | 37.94% | 2.19x | $207.31 Million |
| Athena Bitcoin Global (ABIT) | $-1.06 Million | 0.00% | 0.00x | $16.38 Million |
| ABS-CBN Holdings Corporation (ABSOF) | $0.00 | 0.00% | 0.00x | $5.67 Million |
| American Bitcoin Corp (ABTC) | $1.02 Billion | 42.26% | 0.09x | $204.84 Million |
| Abits Group Inc. (ABTS) | $6.57 Million | -41.72% | 0.18x | $4.62 Million |
| Argentex Group PLC (AGXTF) | $43.40 Million | -3.00% | 2.61x | $4.51 Million |
| Sphere 3D Corp (ANY) | $40.32 Million | -58.05% | 0.24x | $4.44 Million |
| Argo Blockchain PLC (ARBKF) | $27.19 Million | -15.14% | 0.01x | $2.16 Million |
| Arcane Crypto AB (ARCNF) | $-17.00K | 0.00% | 0.00x | $1.38 Million |