COTI
Coretag, Inc. does not have significant operations. Previously, it was engaged in the marketing and distributing of ladies fashion handbags. The company was formerly known as Coretag Holdings, Inc. and changed its name to Coretag, Inc. in June 2023. Coretag, Inc. was incorporated in 2014 and is based in Liverpool, New York.
COTI (COTI) - Net Assets
Latest net assets as of June 2024: $-95.41K USD
Based on the latest financial reports, COTI (COTI) has net assets worth $-95.41K USD as of June 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($0.00) and total liabilities ($95.41K). 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 | $-95.41K |
| % of Total Assets | 0% |
| Annual Growth Rate | N/A |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | N/A |
COTI - Net Assets Trend (2020–2023)
This chart illustrates how COTI's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for COTI (2020–2023)
The table below shows the annual net assets of COTI from 2020 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-09-30 | $-69.67K | -76.43% |
| 2022-09-30 | $-39.49K | -15.15% |
| 2021-09-30 | $-34.29K | -80.63% |
| 2020-09-30 | $-18.98K | -- |
Equity Component Analysis
This analysis shows how different components contribute to COTI'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 8137900.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (September 2023)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | $74.69K | % |
| Total Equity | $-69.67K | 100.00% |
COTI Competitors by Market Cap
The table below lists competitors of COTI ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
PANASIAN POWER PLC
CM:PAPN0000
|
$942.86 |
|
China Lending Corp
PINK:RAHGF
|
$943.01 |
|
Cel AI PLC
LSE:CLAI
|
$943.23 |
|
CANDENTE GOLD (I97.SG)
STU:I97
|
$943.75 |
|
CelLBxHealth plc
LSE:CLBX
|
$941.82 |
|
Mughal Energy Ltd
KAR:GEMMEL
|
$941.47 |
|
CNVISION MEDIA
BE:CBW
|
$939.99 |
|
Lanka Realty Investments PLC
CM:ASCON0000
|
$939.94 |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in COTI's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from -39,489 to -69,670, a change of -30,181.
- Net loss of 30,181 reduced equity.
- Other factors decreased equity by 0.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-30.18K | -43.32% |
| Total Change | $- | % |
Book Value vs Market Value Analysis
This analysis compares COTI'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 |
|---|---|---|---|
| 2021-09-30 | $-1.14 | $12500.00 | x |
| 2022-09-30 | $-0.44 | $12500.00 | x |
| 2023-09-30 | $-0.77 | $12500.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently COTI 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: 0.00%
- • Asset Turnover: 0.00x
- • 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 |
|---|---|---|---|---|---|
| 2020 | 0.00% | 0.00% | 0.00x | 0.00x | $-6.84K |
| 2021 | 0.00% | 0.00% | 0.00x | 0.00x | $-13.88K |
| 2022 | 0.00% | 0.00% | 0.00x | 0.00x | $-29.94K |
| 2023 | 0.00% | 0.00% | 0.00x | 0.00x | $-23.21K |
Industry Comparison
This section compares COTI'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 |
|---|---|---|---|---|
| COTI (COTI) | $-95.41K | 0.00% | N/A | $942.00 |
| 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 |