Innovaro Inc
Innovaro, Inc. does not have significant operations. The company plans to acquire an operating company through reverse merger. Previously, it was engaged in the provision of software services. The company was formerly known as UTEK Corporation and changed its name to Innovaro, Inc. in July 2010. Innovaro, Inc. was incorporated in 1999 and is based in Smyrna, Delaware.
Innovaro Inc (INNI) - Net Assets
Latest net assets as of September 2013: $-505.43K USD
Based on the latest financial reports, Innovaro Inc (INNI) has net assets worth $-505.43K USD as of September 2013.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($6.48 Million) and total liabilities ($6.99 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 | $-505.43K |
| % of Total Assets | -7.8% |
| Annual Growth Rate | -13.58% |
| 5-Year Change | -95.51% |
| 10-Year Change | -84.36% |
| Growth Volatility | 53.87 |
Innovaro Inc - Net Assets Trend (2000–2012)
This chart illustrates how Innovaro 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 Innovaro Inc (2000–2012)
The table below shows the annual net assets of Innovaro Inc from 2000 to 2012.
| Year | Net Assets | Change |
|---|---|---|
| 2012-12-31 | $1.74 Million | -83.86% |
| 2011-12-31 | $10.81 Million | -22.89% |
| 2010-12-31 | $14.02 Million | -51.01% |
| 2009-12-31 | $28.61 Million | -26.37% |
| 2008-12-31 | $38.85 Million | -11.04% |
| 2007-12-31 | $43.67 Million | -14.33% |
| 2006-12-31 | $50.98 Million | +14.72% |
| 2005-12-31 | $44.44 Million | +92.44% |
| 2004-12-31 | $23.09 Million | +107.07% |
| 2003-12-31 | $11.15 Million | +44.17% |
| 2002-12-31 | $7.74 Million | -34.93% |
| 2001-12-31 | $11.89 Million | +18.30% |
| 2000-12-31 | $10.05 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Innovaro 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 107.8% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $226.15 | % |
| Other Comprehensive Income | $0.18 | % |
| Other Components | $87.57K | % |
| Total Equity | $-2.50 | 100.00% |
Innovaro Inc Competitors by Market Cap
The table below lists competitors of Innovaro Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Castlebar Capital Corp.
V:CBAR-P
|
$149.48K |
|
NORTHERN STAR RES
BE:NS7
|
$149.59K |
|
T-Rex 2X Inverse NVIDIA Daily Target ETF
BATS:NVDQ
|
$149.61K |
|
CENU11
SA:CENU11
|
$149.64K |
|
MINEBEA
DU:MEA
|
$149.19K |
|
Nykredit Inv Balance Bæredygtig Off KL
CO:NBIBOKL
|
$149.12K |
|
BankInv Bæredygtige Klimaob A
CO:BAIBKA
|
$149.11K |
|
Gabelli Global Small and Mid Cap Value Closed Fund
NYSE:GGZ
|
$149.07K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Innovaro Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from -1 to -2, a change of -1.
- Net loss of 14,632 reduced equity.
- Other comprehensive income increased equity by 0.
- Other factors increased equity by 14,631.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-14.63K | -585280.0% |
| Other Comprehensive Income | $0.18 | +7.2% |
| Other Changes | $14.63K | +585222.8% |
| Total Change | $- | % |
Book Value vs Market Value Analysis
This analysis compares Innovaro 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 |
|---|---|---|---|
| 1999-12-31 | $1.22 | $0.01 | x |
| 2000-12-31 | $2.85 | $0.01 | x |
| 2001-12-31 | $2.55 | $0.01 | x |
| 2002-12-31 | $1.87 | $0.01 | x |
| 2003-12-31 | $2.61 | $0.01 | x |
| 2004-12-31 | $3.79 | $0.01 | x |
| 2005-12-31 | $6.07 | $0.01 | x |
| 2006-12-31 | $5.80 | $0.01 | x |
| 2007-12-31 | $4.86 | $0.01 | x |
| 2008-12-31 | $3.91 | $0.01 | x |
| 2009-12-31 | $2.52 | $0.01 | x |
| 2010-12-31 | $1.02 | $0.01 | x |
| 2011-12-31 | $0.70 | $0.01 | x |
| 2012-12-31 | $0.10 | $0.01 | x |
| 2022-12-31 | $0.00 | $0.01 | x |
| 2023-12-31 | $0.00 | $0.01 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Innovaro 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 (-53.97%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1999 | 12.45% | 31.08% | 0.31x | 1.28x | $80.33K |
| 2000 | 13.28% | 24.53% | 0.45x | 1.19x | $277.20K |
| 2001 | 6.50% | 15.81% | 0.33x | 1.25x | $-346.66K |
| 2002 | -36.66% | -79.54% | 0.43x | 1.07x | $-3.43 Million |
| 2003 | -4.70% | -13.77% | 0.30x | 1.13x | $-1.64 Million |
| 2004 | 4.08% | 13.11% | 0.28x | 1.12x | $-1.37 Million |
| 2005 | 13.25% | 25.89% | 0.46x | 1.10x | $1.44 Million |
| 2006 | 39.12% | 35.02% | 1.07x | 1.04x | $14.85 Million |
| 2007 | 8.65% | 18.60% | 0.45x | 1.04x | $-590.71K |
| 2008 | -21.58% | -41.54% | 0.44x | 1.18x | $-12.27 Million |
| 2009 | -53.36% | -141.63% | 0.27x | 1.41x | $-18.12 Million |
| 2010 | -141.83% | -146.08% | 0.53x | 1.83x | $-20.48 Million |
| 2011 | -43.74% | -31.12% | 0.72x | 1.96x | $-5.68 Million |
| 2012 | -658.92% | -1882.31% | 0.06x | 5.59x | $-10.14 Million |
| 2022 | 0.00% | 0.00% | 0.00x | 0.00x | $-1.25K |
| 2023 | 0.00% | 0.00% | 0.00x | 0.00x | $-14.63K |
Industry Comparison
This section compares Innovaro Inc's net assets metrics with peer companies in the Shell Companies industry.
Industry Context
- Industry: Shell Companies
- Average net assets among peers: $36,677,338
- Average return on equity (ROE) among peers: -64.57%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Innovaro Inc (INNI) | $-505.43K | 12.45% | N/A | $149.26K |
| Artius II Acquisition Inc. Class A Ordinary Shares (AACB) | $-60.27K | 0.00% | 0.00x | $198.37 Million |
| Artius II Acquisition Inc. Units (AACBU) | $-60.27K | 0.00% | 0.00x | $205.28 Million |
| Ares Acquisition Corporation II (AACT-UN) | $931.34 Million | 0.00% | 0.08x | $399.77 Million |
| AA Mission Acquisition Corp. (AAM-UN) | $-559.90 Million | 0.00% | 0.00x | $349.76 Million |
| Global Acquisitions Corporation (AASP) | $3.80 Million | -5.26% | 0.34x | $15.42 Million |
| ABV Consulting Inc (ABVN) | $8.75K | -623.31% | 2.50x | $461.96K |
| Atlantic Coastal Acquisition Corp II (ACAB) | $-8.52 Million | 0.00% | 0.00x | $2.44 Million |
| Annabidiol Corp (ACBD) | $-501.57K | 0.00% | 0.00x | $13.62K |
| ACRO Biomedical Co Ltd (ACBM) | $685.87K | -17.12% | 0.46x | $30.04K |
| Huaizhong Health Group Inc (ADAD) | $-19.47K | 0.00% | 0.00x | $3.15K |