Fomo Worldwide Inc
Fomo Worldwide, Inc., through its subsidiaries, markets and sells disinfection products and services to individuals, hotels, hospitals, cruise ships, offices, and government facilities. It also provides hybrid disinfection devices with UVC and photo plasma devices. In addition, the company offers ultraviolet-C in-duct and portable devices, carbon filtration, and HEPA filtration devices, as well a… Read more
Fomo Worldwide Inc (IGOT) - Net Assets
Latest net assets as of March 2024: $-3.50 Million USD
Based on the latest financial reports, Fomo Worldwide Inc (IGOT) has net assets worth $-3.50 Million USD as of March 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($863.85K) and total liabilities ($4.36 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 | $-3.50 Million |
| % of Total Assets | -404.69% |
| Annual Growth Rate | N/A |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | N/A |
Fomo Worldwide Inc - Net Assets Trend (2016–2023)
This chart illustrates how Fomo Worldwide 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 Fomo Worldwide Inc (2016–2023)
The table below shows the annual net assets of Fomo Worldwide Inc from 2016 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-09-30 | $-3.12 Million | -21.39% |
| 2022-09-30 | $-2.57 Million | -728.63% |
| 2021-09-30 | $-310.23K | -88.66% |
| 2020-09-30 | $-164.44K | +86.76% |
| 2019-09-30 | $-1.24 Million | +32.84% |
| 2018-09-30 | $-1.85 Million | -36.92% |
| 2017-09-30 | $-1.35 Million | -253.35% |
| 2016-09-30 | $-382.19K | -- |
Equity Component Analysis
This analysis shows how different components contribute to Fomo Worldwide 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 2299097600.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (September 2023)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $9.53 Million | % |
| Other Comprehensive Income | $-9.53 Million | % |
| Other Components | $22.68 Million | % |
| Total Equity | $-3.12 Million | 100.00% |
Fomo Worldwide Inc Competitors by Market Cap
The table below lists competitors of Fomo Worldwide Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
BC88
LSE:BC88
|
$10.78K |
|
SBD Capital Corp
PINK:SBDCF
|
$10.78K |
|
Agent Information Software Inc
PINK:AIFS
|
$10.78K |
|
TPIS3F
SA:TPIS3F
|
$10.80K |
|
Al-Ghazi Tractors Ltd
KAR:AGTL
|
$10.77K |
|
Ferreycorp S.A.A.
LIM:FERREYC1
|
$10.75K |
|
Mars Semiconductor Corp.
TWO:6708
|
$10.75K |
|
REALTECH (RTC.SG)
STU:RTC
|
$10.75K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Fomo Worldwide Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from -2,570,643 to -3,120,474, a change of -549,831.
- Net loss of 1,583,738 reduced equity.
- Other comprehensive income decreased equity by 509,811.
- Other factors increased equity by 1,543,718.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-1.58 Million | -50.75% |
| Other Comprehensive Income | $-509.81K | -16.34% |
| Other Changes | $1.54 Million | +49.47% |
| Total Change | $- | % |
Book Value vs Market Value Analysis
This analysis compares Fomo Worldwide 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 |
|---|---|---|---|
| 2016-09-30 | $-1.10 | $0.00 | x |
| 2017-09-30 | $-3.42 | $0.00 | x |
| 2018-09-30 | $-0.79 | $0.00 | x |
| 2019-09-30 | $-0.11 | $0.00 | x |
| 2020-09-30 | $-0.01 | $0.00 | x |
| 2021-09-30 | $0.00 | $0.00 | x |
| 2022-09-30 | $-0.03 | $0.00 | x |
| 2023-09-30 | $-0.03 | $0.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Fomo Worldwide 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: -63.39%
- • Asset Turnover: 2.12x
- • 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 |
|---|---|---|---|---|---|
| 2016 | 0.00% | 0.00% | 0.00x | 0.00x | $-994.90K |
| 2017 | 0.00% | 0.00% | 0.00x | 0.00x | $-1.12 Million |
| 2018 | 0.00% | 0.00% | 0.00x | 0.00x | $-1.72 Million |
| 2019 | 0.00% | 0.00% | 0.00x | 0.00x | $58.95K |
| 2020 | 0.00% | -1776.84% | 0.09x | 0.00x | $-1.62 Million |
| 2021 | 0.00% | -1914.75% | 0.69x | 0.00x | $-12.55 Million |
| 2022 | 0.00% | -48.99% | 2.10x | 0.00x | $-3.42 Million |
| 2023 | 0.00% | -63.39% | 2.12x | 0.00x | $-1.27 Million |
Industry Comparison
This section compares Fomo Worldwide Inc's net assets metrics with peer companies in the Asset Management industry.
Industry Context
- Industry: Asset Management
- Average net assets among peers: $310,488,743
- Average return on equity (ROE) among peers: -23.81%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Fomo Worldwide Inc (IGOT) | $-3.50 Million | 0.00% | N/A | $10.77K |
| Aberdeen International Inc (AABVF) | $136.31 Million | 25.56% | 0.23x | $2.78 Million |
| Acadian Asset Management Inc (AAMI) | $-17.60 Million | 0.00% | 0.00x | $1.39 Billion |
| AllianceBernstein Holding L.P. (AB) | $402.30 Million | 32.07% | 0.95x | $3.43 Billion |
| VIVO Cannabis Inc (ABCCF) | $164.13 Million | 16.36% | 0.09x | $148.26 Million |
| Associated Capital Group Inc (AC) | $502.13 Million | 5.33% | 0.17x | $42.54 Million |
| Adrian Resources Ltd (ADLRF) | $605.01 Million | 3.35% | 0.58x | $609.82 Million |
| Abrdn Emerging Markets Equity Income Fund Inc (AEF) | $85.10 Million | -65.65% | 0.01x | $77.20K |
| AGF Management Limited (AGFMF) | $1.12 Billion | 10.14% | 3.56x | $298.43 Million |
| Agronomics Limited (AGNMF) | $100.03 Million | 1.02% | 0.02x | $57.14 Million |
| AgriFORCE Growing Systems Ltd (AGRI) | $6.11 Million | -266.31% | 0.76x | $2.71 Million |