Bantek Inc
Bantec, Inc. supplies spare and replacement parts to Federal Government agencies, U.S. military prime contractors, and commercial customers in the United States and internationally. The company also provides drones, drone accessories, accident reconstruction software, drone training, drone services, counter-drone technology, certificates of authorization, and waivers. In addition, it sells saniti… Read more
Bantek Inc (BANT) - Net Assets
Latest net assets as of June 2024: $-18.76 Million USD
Based on the latest financial reports, Bantek Inc (BANT) has net assets worth $-18.76 Million USD as of June 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($400.09K) and total liabilities ($19.16 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 | $-18.76 Million |
| % of Total Assets | -4687.73% |
| Annual Growth Rate | N/A |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | N/A |
Bantek Inc - Net Assets Trend (2016–2023)
This chart illustrates how Bantek 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 Bantek Inc (2016–2023)
The table below shows the annual net assets of Bantek Inc from 2016 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-09-30 | $-16.79 Million | -5.66% |
| 2022-09-30 | $-15.89 Million | -7.41% |
| 2021-09-30 | $-14.80 Million | +17.55% |
| 2020-09-30 | $-17.94 Million | -20.47% |
| 2019-09-30 | $-14.90 Million | -62.66% |
| 2018-09-30 | $-9.16 Million | -42.86% |
| 2017-09-30 | $-6.41 Million | -766.85% |
| 2016-09-30 | $-739.47K | -- |
Equity Component Analysis
This analysis shows how different components contribute to Bantek 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 3777646900.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (September 2023)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $930.00 | % |
| Other Comprehensive Income | $-340.57 Million | % |
| Other Components | $361.63 Million | % |
| Total Equity | $-16.79 Million | 100.00% |
Bantek Inc Competitors by Market Cap
The table below lists competitors of Bantek Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Organic Garage Ltd
PINK:OGGFF
|
$5.35K |
|
EOI Holding
TW:3717
|
$5.35K |
|
J.K. Spinning Mills Ltd
KAR:JKSM
|
$5.36K |
|
CN PETRO & CHEM -H- - Dusseldorf Stock Exchang
DU:CHU
|
$5.36K |
|
L B Finance PLC
CM:LFINN0000
|
$5.35K |
|
Cora Gold Limited
LSE:CORA
|
$5.35K |
|
AgriBank Securities JSC
VN:AGR
|
$5.35K |
|
Pakistan Cables Ltd
KAR:PCAL
|
$5.34K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Bantek Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from -15,893,093 to -16,792,472, a change of -899,379.
- Net loss of 2,225,334 reduced equity.
- Dividend payments of 26,890,000 reduced retained earnings.
- Share repurchases of 546,535,118 reduced equity.
- New share issuances of 99,333 increased equity.
- Other comprehensive income decreased equity by 340,572,000.
- Other factors increased equity by 915,223,740.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-2.23 Million | -13.25% |
| Dividends Paid | $26.89 Million | -160.13% |
| Share Repurchases | $546.54 Million | -3254.64% |
| Share Issuances | $99.33K | +0.59% |
| Other Comprehensive Income | $-340.57 Million | -2028.12% |
| Other Changes | $915.22 Million | +5450.2% |
| Total Change | $- | % |
Book Value vs Market Value Analysis
This analysis compares Bantek 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 |
|---|---|---|---|
| 2015-09-30 | $-3952550.00 | $0.00 | x |
| 2016-09-30 | $-18454.53 | $0.00 | x |
| 2017-09-30 | $-150506.83 | $0.00 | x |
| 2018-09-30 | $-53175.45 | $0.00 | x |
| 2019-09-30 | $-5695.16 | $0.00 | x |
| 2020-09-30 | $-192.93 | $0.00 | x |
| 2021-09-30 | $-10.38 | $0.00 | x |
| 2022-09-30 | $-4.64 | $0.00 | x |
| 2023-09-30 | $-2.54 | $0.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Bantek 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: -95.74%
- • Asset Turnover: 4.69x
- • Equity Multiplier: 0.00x
- Recent ROE (0.00%) is below the historical average (0.00%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2015 | 0.00% | 0.00% | 0.00x | 0.00x | $-71.15K |
| 2016 | 0.00% | -531.41% | 0.16x | 0.00x | $-5.88 Million |
| 2017 | 0.00% | -31.83% | 4.09x | 0.00x | $-7.19 Million |
| 2018 | 0.00% | -31.40% | 2.99x | 0.00x | $-4.86 Million |
| 2019 | 0.00% | -84.01% | 9.48x | 0.00x | $-7.15 Million |
| 2020 | 0.00% | -133.03% | 6.01x | 0.00x | $-4.13 Million |
| 2021 | 0.00% | -137.12% | 1.66x | 0.00x | $-1.84 Million |
| 2022 | 0.00% | -157.90% | 3.34x | 0.00x | $-2.30 Million |
| 2023 | 0.00% | -95.74% | 4.69x | 0.00x | $-546.09K |
Industry Comparison
This section compares Bantek Inc's net assets metrics with peer companies in the Aerospace & Defense industry.
Industry Context
- Industry: Aerospace & Defense
- Average net assets among peers: $246,248,196
- Average return on equity (ROE) among peers: -96.61%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Bantek Inc (BANT) | $-18.76 Million | 0.00% | N/A | $5.35K |
| Alabama Aircraft Industries Inc (AAIIQ) | $2.70 Million | 107.41% | 27.00x | $0.98 |
| AAC Clyde Space AB (ACCMF) | $466.10 Million | -8.70% | 0.17x | $49.09 Million |
| Archer Aviation Inc (ACHR) | $698.90 Million | -49.76% | 0.10x | $3.29 Billion |
| American Defense Systems Inc (ADFS) | $-9.76 Million | 0.00% | 0.00x | $4.85K |
| AAR Corp (AIR) | $301.68 Million | 1.16% | 1.35x | $4.16 Billion |
| Air Industries Group (AIRI) | $14.95 Million | -9.14% | 2.41x | $12.13 Million |
| AIRO Group Holdings, Inc. Common Stock (AIRO) | $595.46 Million | -5.45% | 0.24x | $158.55 Million |
| Philly Shipyard ASA (AKRRF) | $5.83 Million | -1164.30% | 49.47x | $13.32 Million |
| ASI Aviation Inc (ASAV) | $6.88 | 150.58% | 2.47x | $2.48 Million |
| Astronics Corporation (ATRO) | $386.62 Million | 12.11% | 1.00x | $2.31 Billion |