Coroware Inc
CarbonMeta Technologies, Inc. operates as an environmental research and development company in the United States. The company engages in the development and commercialization of carbon-negative concrete made from industrial, construction demolition waste, and mining waste. It is also involved in the research, development, and investigation of the use of microwaves to convert waste plastics and bi… Read more
Coroware Inc (COWI) - Net Assets
Latest net assets as of September 2023: $-24.63 Million USD
Based on the latest financial reports, Coroware Inc (COWI) has net assets worth $-24.63 Million USD as of September 2023.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($166.10K) and total liabilities ($24.80 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 | $-24.63 Million |
| % of Total Assets | -14830.7% |
| Annual Growth Rate | N/A |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 9658.71 |
Coroware Inc - Net Assets Trend (2001–2022)
This chart illustrates how Coroware 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 Coroware Inc (2001–2022)
The table below shows the annual net assets of Coroware Inc from 2001 to 2022.
| Year | Net Assets | Change |
|---|---|---|
| 2022-12-31 | $-24.62 Million | +4.90% |
| 2021-12-31 | $-25.89 Million | -32.42% |
| 2015-12-31 | $-19.55 Million | -27.21% |
| 2014-12-31 | $-15.37 Million | +2.10% |
| 2013-12-31 | $-15.70 Million | +15.72% |
| 2012-12-31 | $-18.63 Million | -64.20% |
| 2011-12-31 | $-11.34 Million | -15.10% |
| 2010-12-31 | $-9.85 Million | -3.10% |
| 2009-12-31 | $-9.56 Million | -109.44% |
| 2008-12-31 | $-4.56 Million | -8.84% |
| 2007-12-31 | $-4.19 Million | +5.55% |
| 2006-12-31 | $-4.44 Million | -29.57% |
| 2005-12-31 | $-3.43 Million | 0.00% |
| 2004-12-31 | $-3.43 Million | -7.31% |
| 2003-12-31 | $-3.19 Million | -194.29% |
| 2002-12-31 | $3.39 Million | +19123.12% |
| 2001-12-31 | $17.62K | -- |
Equity Component Analysis
This analysis shows how different components contribute to Coroware 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 6396802000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2022)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $1.88 Million | % |
| Other Comprehensive Income | $3.73K | % |
| Other Components | $37.50 Million | % |
| Total Equity | $-24.62 Million | 100.00% |
Coroware Inc Competitors by Market Cap
The table below lists competitors of Coroware Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Prominence Energy Limited
F:RSX
|
$219.62K |
|
S2S
STU:S2S
|
$219.77K |
|
LINEPAY
TWO:7722
|
$219.92K |
|
Danavation Technologies Corp
PINK:DVNCF
|
$219.94K |
|
217950
KO:217950
|
$219.51K |
|
Omnitek Engineering
OTCQB:OMTK
|
$219.48K |
|
Tondo Smart Ltd
TA:TNDO
|
$219.40K |
|
CLSC4F
SA:CLSC4F
|
$219.33K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Coroware Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2021 to 2022, total equity changed from -25,887,187 to -24,619,574, a change of 1,267,613.
- Net income of 400,432 contributed positively to equity growth.
- Other comprehensive income increased equity by 3,725.
- Other factors increased equity by 863,456.
Equity Change Factors (2021 to 2022)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $400.43K | +1.63% |
| Other Comprehensive Income | $3.73K | +0.02% |
| Other Changes | $863.46K | +3.51% |
| Total Change | $- | % |
Book Value vs Market Value Analysis
This analysis compares Coroware 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 |
|---|---|---|---|
| 2001-12-31 | $5872.00 | $0.00 | x |
| 2002-12-31 | $-314551.67 | $0.00 | x |
| 2004-12-31 | $-1142128.33 | $0.00 | x |
| 2005-12-31 | $-856596.25 | $0.00 | x |
| 2006-12-31 | $-739909.83 | $0.00 | x |
| 2007-12-31 | $-541048.00 | $0.00 | x |
| 2008-12-31 | $-64281.44 | $0.00 | x |
| 2009-12-31 | $-85344.70 | $0.00 | x |
| 2010-12-31 | $-4451.05 | $0.00 | x |
| 2011-12-31 | $-10.51 | $0.00 | x |
| 2012-12-31 | $-24.04 | $0.00 | x |
| 2013-12-31 | $0.00 | $0.00 | x |
| 2014-12-31 | $-0.89 | $0.00 | x |
| 2015-12-31 | $0.00 | $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 | $0.00 | $0.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Coroware 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: 524.98%
- • Asset Turnover: 0.40x
- • Equity Multiplier: 0.00x
- Recent ROE (0.00%) is above the historical average (-11.33%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2001 | -204.00% | -1595.03% | 0.05x | 2.52x | $-37.70K |
| 2002 | 0.00% | -2406515.00% | 0.00x | 0.00x | $-868.24K |
| 2004 | 0.00% | -15.88% | 857.18x | 0.00x | $-1.08 Million |
| 2005 | 0.00% | 0.00% | 0.00x | 0.00x | $-1.54 Million |
| 2006 | 0.00% | -418.43% | 0.73x | 0.00x | $-5.16 Million |
| 2007 | 0.00% | -59.61% | 3.76x | 0.00x | $-1.89 Million |
| 2008 | 0.00% | -75.47% | 5.41x | 0.00x | $-1.35 Million |
| 2009 | 0.00% | -261.39% | 6.13x | 0.00x | $-4.24 Million |
| 2010 | 0.00% | -50.20% | 7.99x | 0.00x | $-23.54K |
| 2011 | 0.00% | -112.78% | 10.43x | 0.00x | $-894.73K |
| 2012 | 0.00% | -590.53% | 5.37x | 0.00x | $-5.86 Million |
| 2013 | 0.00% | -248.63% | 22.29x | 0.00x | $-1.07 Million |
| 2014 | 0.00% | -217.71% | 22.28x | 0.00x | $-777.14K |
| 2015 | 0.00% | -42.25% | 16.82x | 0.00x | $-342.91K |
| 2019 | 0.00% | 0.00% | 0.00x | 0.00x | $12.89 Million |
| 2020 | 0.00% | 0.00% | 0.00x | 0.00x | $-7.75 Million |
| 2021 | 0.00% | 0.00% | 0.00x | 0.00x | $10.86 Million |
| 2022 | 0.00% | 524.98% | 0.40x | 0.00x | $2.86 Million |
Industry Comparison
This section compares Coroware Inc's net assets metrics with peer companies in the Pollution & Treatment Controls industry.
Industry Context
- Industry: Pollution & Treatment Controls
- Average net assets among peers: $116,251,589
- Average return on equity (ROE) among peers: -23.23%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Coroware Inc (COWI) | $-24.63 Million | -204.00% | N/A | $219.61K |
| Aduro Clean Technologies Inc. Common Stock (ADUR) | $2.39 Million | -212.16% | 0.35x | $109.58 Million |
| Aker Carbon Capture ASA (AKCCF) | $1.08 Billion | -17.93% | 0.50x | $8.31 Million |
| K.B. Recycling Industries Ltd (AKMYF) | $4.66 Million | -143.64% | 1.06x | $1.84 Million |
| Amanasu Environment Corporation (AMSU) | $319.63K | -23.90% | 0.30x | $1.65K |
| Arq Inc (ARQ) | $76.17 Million | 126.79% | 0.41x | $61.67 Million |
| Active Energy Group PLC (ATGVF) | $-6.72 Million | 0.00% | 0.00x | $85.59K |
| Atmofizer Technologies Inc (ATMFF) | $16.71 Million | 6.09% | 0.23x | $527.96K |
| Birchtech Corp. (BCHT) | $-13.20 Million | 0.00% | 0.00x | $35.09 Million |
| BIOREM Inc (BIRMF) | $6.72 Million | 32.43% | 2.58x | $24.28 Million |
| Bion Environmental Technologies Inc (BNET) | $-802.00K | 0.00% | 0.00x | $3.71 Million |