First Priority Tax Solutions Inc
Fritzy Tech Inc. does not have significant operations. It intends to relaunch Zshoppers.com, as well as launch and market homekout.com brands. The company was formerly known as First Priority Tax Solutions Inc. and changed its name to Fritzy Tech Inc. in December 2019. Fritzy Tech Inc. was incorporated in 2014 and is based in London, the United Kingdom. Fritzy Tech Inc. (OTCPK:FRFR) operates as a… Read more
First Priority Tax Solutions Inc (FRFR) - Net Assets
Latest net assets as of September 2022: $-264.03K USD
Based on the latest financial reports, First Priority Tax Solutions Inc (FRFR) has net assets worth $-264.03K USD as of September 2022.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($0.00) and total liabilities ($264.03K). 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 | $-264.03K |
| % of Total Assets | 0% |
| Annual Growth Rate | N/A |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 92.25 |
First Priority Tax Solutions Inc - Net Assets Trend (2014–2022)
This chart illustrates how First Priority Tax Solutions 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 First Priority Tax Solutions Inc (2014–2022)
The table below shows the annual net assets of First Priority Tax Solutions Inc from 2014 to 2022.
| Year | Net Assets | Change |
|---|---|---|
| 2022-06-30 | $-241.47K | -39.57% |
| 2021-06-30 | $-173.01K | -50.80% |
| 2020-06-30 | $-114.73K | -79.20% |
| 2019-06-30 | $-64.02K | -106.82% |
| 2018-06-30 | $-30.96K | -487.19% |
| 2017-12-31 | $8.00K | +128.77% |
| 2017-06-30 | $-27.79K | +37.43% |
| 2016-06-30 | $-44.42K | +37.64% |
| 2015-06-30 | $-71.24K | -302.69% |
| 2014-06-30 | $35.15K | -- |
Equity Component Analysis
This analysis shows how different components contribute to First Priority Tax Solutions 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 2541544700.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (June 2022)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | $25.19 Million | % |
| Total Equity | $-241.47K | 100.00% |
First Priority Tax Solutions Inc Competitors by Market Cap
The table below lists competitors of First Priority Tax Solutions Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
MediaZest plc
LSE:MDZ
|
$165.12 |
|
Dewan Farooque Spinning Mills Ltd
KAR:DFSM
|
$165.25 |
|
Sibannac Inc
PINK:SNNC
|
$166.36 |
|
KRAKATAU STEEL -B-
MU:07K
|
$166.99 |
|
Subgen AI
ST:SUBGEN
|
$163.21 |
|
Global Gold Corporation
PINK:GBGD
|
$163.00 |
|
Seraphim Space Investment Trust PLC
LSE:SSIT
|
$162.96 |
|
DDMP REIT Inc
PSE:DDMPR
|
$162.82 |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in First Priority Tax Solutions Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2021 to 2022, total equity changed from -173,010 to -241,473, a change of -68,463.
- Net loss of 68,463 reduced equity.
- Other factors decreased equity by 0.
Equity Change Factors (2021 to 2022)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-68.46K | -28.35% |
| Total Change | $- | % |
Book Value vs Market Value Analysis
This analysis compares First Priority Tax Solutions 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 |
|---|---|---|---|
| 2014-06-30 | $29.41 | $0.00 | x |
| 2015-06-30 | $-59.61 | $0.00 | x |
| 2016-06-30 | $-37.17 | $0.00 | x |
| 2017-06-30 | $-23.26 | $0.00 | x |
| 2018-06-30 | $-25.88 | $0.00 | x |
| 2019-06-30 | $-53.35 | $0.00 | x |
| 2020-06-30 | $-95.61 | $0.00 | x |
| 2021-06-30 | $-0.53 | $0.00 | x |
| 2022-06-30 | $-0.70 | $0.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently First Priority Tax Solutions 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: 0.00%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 0.00x
- Recent ROE (0.00%) is above the historical average (-19.99%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2014 | -179.92% | 0.00% | 0.00x | 3.43x | $-66.75K |
| 2015 | 0.00% | -1222.28% | 0.11x | 0.00x | $-101.66K |
| 2016 | 0.00% | -102.50% | 0.29x | 0.00x | $-25.04K |
| 2017 | 0.00% | 21.31% | 0.71x | 0.00x | $19.41K |
| 2018 | 0.00% | -301.34% | 1.97x | 0.00x | $-14.73K |
| 2019 | 0.00% | 0.00% | 0.00x | 0.00x | $-26.66K |
| 2020 | 0.00% | 0.00% | 0.00x | 0.00x | $-25.22 Million |
| 2021 | 0.00% | 0.00% | 0.00x | 0.00x | $-132.49K |
| 2022 | 0.00% | 0.00% | 0.00x | 0.00x | $-44.32K |
Industry Comparison
This section compares First Priority Tax Solutions Inc's net assets metrics with peer companies in the Internet Content & Information industry.
Industry Context
- Industry: Internet Content & Information
- Average net assets among peers: $3,961,320,935
- Average return on equity (ROE) among peers: -43.51%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| First Priority Tax Solutions Inc (FRFR) | $-264.03K | -179.92% | N/A | $163.35 |
| ADWYF (ADWYF) | $13.89 Billion | -3.41% | 0.65x | $40.28 Million |
| Allied Energy Inc (AGGI) | $459.19K | -2.50% | 0.26x | $122.37 Million |
| Calibre (ALWIN) | $14.84 Million | -32.00% | 2.03x | $6.06 Million |
| ANGI Homeservices Inc (ANGI) | $176.39 Million | -4.45% | 0.68x | $215.55 Million |
| ApartmentLove Inc (APMLF) | $-156.62K | 0.00% | 0.00x | $1.11K |
| Arena Group Holdings Inc (AREN) | $7.33 Million | -355.75% | 4.07x | $26.45 Million |
| Autohome Inc (ATHM) | $8.95 Billion | 13.71% | 0.05x | $2.50 Billion |
| Bebuzee Inc. (BBUZ) | $237.99 Million | -0.19% | 0.00x | $626.79 |
| BDCTF (BDCTF) | $11.32 Million | -91.21% | 2.48x | $12.72 Million |
| Baidu Inc (BIDU) | $16.33 Billion | 40.66% | 0.43x | $41.50 Billion |