Flitways Technology Inc
Flitways Technology Inc. provides ground transportation solutions. Its solution provides businesses and private traveler's with access to the booking and scheduling of ground transportation online or by mobile device, as well as provides travelers with access to customizable travel rides through a network of ground travel providers. Flitways Technology Inc. was incorporated in 2012 and is based i… Read more
Flitways Technology Inc (FTWS) - Net Assets
Latest net assets as of September 2019: $-10.57 Million USD
Based on the latest financial reports, Flitways Technology Inc (FTWS) has net assets worth $-10.57 Million USD as of September 2019.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($124.35K) and total liabilities ($10.70 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 | $-10.57 Million |
| % of Total Assets | -8501.57% |
| Annual Growth Rate | N/A |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | N/A |
Flitways Technology Inc - Net Assets Trend (2013–2018)
This chart illustrates how Flitways 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 Flitways Technology Inc (2013–2018)
The table below shows the annual net assets of Flitways Technology Inc from 2013 to 2018.
| Year | Net Assets | Change |
|---|---|---|
| 2018-12-31 | $-8.71 Million | -10.39% |
| 2017-12-31 | $-7.89 Million | -1080.54% |
| 2016-12-31 | $-668.00K | -592.31% |
| 2015-12-31 | $-96.49K | -184.23% |
| 2014-12-31 | $-33.95K | -1055.72% |
| 2013-12-31 | $3.55K | -- |
Equity Component Analysis
This analysis shows how different components contribute to Flitways 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 decreased by 6888555800.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2018)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $332.43K | % |
| Other Components | $59.87 Million | % |
| Total Equity | $-8.71 Million | 100.00% |
Flitways Technology Inc Competitors by Market Cap
The table below lists competitors of Flitways Technology Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
MITSUBISHI MOTORS (MMO.SG)
STU:MMO
|
$20.02K |
|
TEO LT
MU:ZWS
|
$20.03K |
|
Future Mobility Solutions Limited
PINK:SLFFF
|
$20.04K |
|
LI NING (LNLB.SG)
STU:LNLB
|
$20.04K |
|
TURBON (TUR.SG)
STU:TUR
|
$19.99K |
|
Three Acre Farms PLC
CM:TAFLN0000
|
$19.97K |
|
Renold
LSE:RNO
|
$19.97K |
|
Arçelik Anonim Sirketi
PINK:ACKAF
|
$19.95K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Flitways Technology Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2017 to 2018, total equity changed from -7,886,000 to -8,705,406, a change of -819,406.
- Net loss of 57,530,006 reduced equity.
- Other factors increased equity by 56,710,600.
Equity Change Factors (2017 to 2018)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-57.53 Million | -660.85% |
| Other Changes | $56.71 Million | +651.44% |
| Total Change | $- | % |
Book Value vs Market Value Analysis
This analysis compares Flitways 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
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2013-12-31 | $0.00 | $0.00 | x |
| 2014-12-31 | $0.00 | $0.00 | x |
| 2015-12-31 | $0.00 | $0.00 | x |
| 2016-12-31 | $-0.02 | $0.00 | x |
| 2017-12-31 | $-0.13 | $0.00 | x |
| 2018-12-31 | $-0.01 | $0.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Flitways 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): 0.00%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -4739.62%
- • Asset Turnover: 7.26x
- • Equity Multiplier: 0.00x
- Recent ROE (0.00%) is above the historical average (-120.63%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2013 | -723.79% | 0.00% | 0.00x | 5.99x | $-26.06K |
| 2014 | 0.00% | 0.00% | 0.00x | 0.00x | $-34.10K |
| 2015 | 0.00% | -18.56% | 35.34x | 0.00x | $-52.89K |
| 2016 | 0.00% | -596.54% | 4.99x | 0.00x | $-2.52 Million |
| 2017 | 0.00% | -679.32% | 5.30x | 0.00x | $-7.75 Million |
| 2018 | 0.00% | -4739.62% | 7.26x | 0.00x | $-56.66 Million |
Industry Comparison
This section compares Flitways Technology Inc's net assets metrics with peer companies in the Software - Application industry.
Industry Context
- Industry: Software - Application
- Average net assets among peers: $1,558,090,989
- Average return on equity (ROE) among peers: -47.81%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Flitways Technology Inc (FTWS) | $-10.57 Million | -723.79% | N/A | $20.00K |
| Abaxx Technologies Inc (ABXXF) | $42.03 Million | -128.66% | 0.23x | $201.28 Million |
| Acceleware Ltd (ACWRF) | $2.15 Million | -4.58% | 1.86x | $8.62 Million |
| Adobe Systems Incorporated (ADBE) | $6.67 Billion | 12.49% | 0.51x | $104.01 Billion |
| Adcore Inc (ADCOF) | $9.73 Million | -22.96% | 0.49x | $3.03 Million |
| ADEIA CORP (ADEA) | $618.15 Million | -0.05% | 1.00x | $2.50 Billion |
| Automatic Data Processing Inc (ADP) | $6.19 Billion | 22.71% | 4.21x | $84.26 Billion |
| Autodesk Inc (ADSK) | $2.04 Billion | 12.11% | 1.11x | $48.93 Billion |
| Allied Security Innovations Inc (ADSV) | $445.50K | -270.60% | 3.60x | $0.93 |
| AudioEye Inc (AEYE) | $10.59 Million | -98.53% | 1.31x | $49.31 Million |
| Affinity Networks Inc (AFFN) | $-470.19K | 0.00% | 0.00x | $0.97 |