Coil Tubing Technology Inc
Coil Tubing Technology, Inc., a coil tubing company, focuses on the development, marketing, and rental of advanced tools and related technical solutions for use with coil tubing and jointed pipe in the bottom hole assembly for the exploration and production of hydrocarbons worldwide. The company's products include jar accelerator, extended reach, bi-directional jar, jet hammer, jet motor, spinnin… Read more
Coil Tubing Technology Inc (CTBG) - Net Assets
Latest net assets as of September 2015: $4.07 Million USD
Based on the latest financial reports, Coil Tubing Technology Inc (CTBG) has net assets worth $4.07 Million USD as of September 2015.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($9.81 Million) and total liabilities ($5.75 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 | $4.07 Million |
| % of Total Assets | 41.44% |
| Annual Growth Rate | N/A |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 25.62 |
Coil Tubing Technology Inc - Net Assets Trend (1999–2015)
This chart illustrates how Coil Tubing Technology 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 Coil Tubing Technology Inc (1999–2015)
The table below shows the annual net assets of Coil Tubing Technology Inc from 1999 to 2015.
| Year | Net Assets | Change |
|---|---|---|
| 2015-06-30 | $6.69 Million | -1.63% |
| 2014-06-30 | $6.80 Million | -5.64% |
| 2013-06-30 | $7.20 Million | +50.60% |
| 2012-06-30 | $4.78 Million | +191.36% |
| 2002-06-30 | $-5.24 Million | -0.02% |
| 2001-12-31 | $-5.24 Million | -23.96% |
| 2001-06-30 | $-4.22 Million | -13.52% |
| 2000-06-30 | $-3.72 Million | -10.30% |
| 1999-06-30 | $-3.37 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Coil Tubing Technology 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 42915600.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (June 2015)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $16.00K | 0.24% |
| Other Components | $10.05 Million | 150.25% |
| Total Equity | $6.69 Million | 100.00% |
Coil Tubing Technology Inc Competitors by Market Cap
The table below lists competitors of Coil Tubing Technology Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Stem Cell Authority Ltd
PINK:SCAL
|
$1.84 |
|
KS International Holdings Corporation
PINK:KSIH
|
$1.84 |
|
MobiVentures Inc
PINK:MBLV
|
$1.85 |
|
Idarado Mining Company
PINK:IDAM
|
$1.85 |
|
Sortis Holdings Inc
PINK:SOHI
|
$1.84 |
|
Oct 88 Res Inc
PINK:OCTX
|
$1.84 |
|
RONN Inc.
PINK:RONN
|
$1.84 |
|
Blue Water Ventures International Inc
PINK:BWVI
|
$1.84 |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Coil Tubing Technology Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2014 to 2015, total equity changed from 6,798,000 to 6,687,000, a change of -111,000 (-1.6%).
- Net loss of 316,000 reduced equity.
- Other factors increased equity by 205,000.
Equity Change Factors (2014 to 2015)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-316.00K | -4.73% |
| Other Changes | $205.00K | +3.07% |
| Total Change | $- | -1.63% |
Book Value vs Market Value Analysis
This analysis compares Coil Tubing Technology 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
- Current price-to-book ratio: 0.00x
- 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 |
|---|---|---|---|
| 1999-06-30 | $-1686453.57 | $0.00 | x |
| 2000-06-30 | $-103066.61 | $0.00 | x |
| 2001-06-30 | $-70259.87 | $0.00 | x |
| 2002-06-30 | $-21665.95 | $0.00 | x |
| 2012-06-30 | $0.49 | $0.00 | x |
| 2013-06-30 | $0.39 | $0.00 | x |
| 2014-06-30 | $0.43 | $0.00 | x |
| 2015-06-30 | $0.43 | $0.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Coil Tubing Technology 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): -4.73%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -4.60%
- • Asset Turnover: 0.57x
- • Equity Multiplier: 1.81x
- Recent ROE (-4.73%) is below the historical average (1.03%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1999 | 0.00% | -85.63% | 5.44x | 0.00x | $-336.83K |
| 2000 | 0.00% | -301.29% | 0.58x | 0.00x | $-1.19 Million |
| 2001 | 0.00% | -368.09% | 0.29x | 0.00x | $-428.99K |
| 2002 | 0.00% | 0.00% | 0.00x | 0.00x | $-258.58K |
| 2012 | 15.25% | 13.16% | 0.79x | 1.47x | $251.09K |
| 2013 | 10.44% | 9.68% | 0.94x | 1.15x | $31.60K |
| 2014 | -12.74% | -14.10% | 0.73x | 1.23x | $-1.55 Million |
| 2015 | -4.73% | -4.60% | 0.57x | 1.81x | $-984.70K |
Industry Comparison
This section compares Coil Tubing Technology Inc's net assets metrics with peer companies in the Oil & Gas Equipment & Services industry.
Industry Context
- Industry: Oil & Gas Equipment & Services
- Average net assets among peers: $5,464,315,253
- Average return on equity (ROE) among peers: -34.58%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Coil Tubing Technology Inc (CTBG) | $4.07 Million | 0.00% | 1.41x | $1.84 |
| ProFrac Holding Corp. (ACDC) | $1.33 Billion | -7.35% | 1.31x | $222.04 Million |
| Atlas Energy Solutions Inc. (AESI) | $867.82 Million | 18.44% | 0.45x | $1.34 Billion |
| Akastor ASA (AKKVF) | $13.55 Billion | 9.27% | 2.55x | $54.21 Million |
| Andatee China Marine Fuel Services (AMCF) | $18.84 Million | 34.05% | 1.21x | $0.98 |
| Archrock Inc (AROC) | $2.23 Billion | -42.52% | 1.73x | $6.15 Billion |
| Anton Oilfield Services Group (ATONY) | $2.15 Billion | -9.22% | 2.02x | $381.63 Million |
| Auri Inc (AURI) | $-2.74 Million | 0.00% | 0.00x | $1.91 |
| Baker Hughes Co (BKR) | $34.50 Billion | 0.37% | 0.55x | $56.21 Billion |
| Kbridge Energy Corp (BMMCF) | $-341.75K | 0.00% | 0.00x | $880.54 |
| Bri-Chem Corp (BRYFF) | $131.44K | -348.83% | 2.61x | $4.32 Million |