Ionic Brands Corp
Ionic Brands Corp., through its subsidiaries, provides services and products ancillary to the cannabis production and processing industry in Washington and Oregon. It offers cannabis oils and concentrates, infusions, and distillates; vaporizers; and hard goods, such as cartridges, applicators, pens, jars, etc. The company's cannabis production and processing services and products, including the l… Read more
Ionic Brands Corp (IONKF) - Net Assets
Latest net assets as of September 2023: $1.41 Million USD
Based on the latest financial reports, Ionic Brands Corp (IONKF) has net assets worth $1.41 Million USD as of September 2023.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($4.46 Million) and total liabilities ($3.06 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 | $1.41 Million |
| % of Total Assets | 31.52% |
| Annual Growth Rate | 78.34% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | N/A |
Ionic Brands Corp - Net Assets Trend (2014–2021)
This chart illustrates how Ionic Brands Corp's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Ionic Brands Corp (2014–2021)
The table below shows the annual net assets of Ionic Brands Corp from 2014 to 2021.
| Year | Net Assets | Change |
|---|---|---|
| 2021-12-31 | $20.93 Million | +236.03% |
| 2020-12-31 | $-15.39 Million | -68.76% |
| 2019-12-31 | $-9.12 Million | -5845.64% |
| 2018-12-31 | $-153.36K | -24.38% |
| 2017-12-31 | $-123.30K | -41.82% |
| 2016-12-31 | $-86.94K | -156.91% |
| 2015-12-31 | $-33.84K | -109.28% |
| 2014-12-31 | $364.63K | -- |
Equity Component Analysis
This analysis shows how different components contribute to Ionic Brands Corp'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 7465310000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2021)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $61.76 Million | 295.08% |
| Other Comprehensive Income | $7.60 Million | 36.29% |
| Other Components | $26.23 Million | 125.29% |
| Total Equity | $20.93 Million | 100.00% |
Ionic Brands Corp Competitors by Market Cap
The table below lists competitors of Ionic Brands Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Bank of the Philippine Islands
PSE:BPI
|
$15.89K |
|
REGAL ASIAN INVESTMENTS
F:4VGA
|
$15.90K |
|
Affordable Robotic & Automation Limited
NSE:AFFORDABLE
|
$15.91K |
|
GS Global Corp.
KQ:001250
|
$15.93K |
|
AREV NanoTec Brands Inc
PINK:AREVF
|
$15.88K |
|
KB Star REIT Co. Ltd.
KO:432320
|
$15.87K |
|
Weiss Korea Opportunity Fund Ltd
PINK:WISKF
|
$15.87K |
|
Vantex Resources Ltd
PINK:VANTF
|
$15.87K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Ionic Brands Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2020 to 2021, total equity changed from -15,387,360 to 20,931,674, a change of 36,319,034.
- Net loss of 10,867,000 reduced equity.
- Other comprehensive income increased equity by 1,075,140.
- Other factors increased equity by 46,110,894.
Equity Change Factors (2020 to 2021)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-10.87 Million | -51.92% |
| Other Comprehensive Income | $1.08 Million | +5.14% |
| Other Changes | $46.11 Million | +220.29% |
| Total Change | $- | % |
Book Value vs Market Value Analysis
This analysis compares Ionic Brands Corp'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 |
|---|---|---|---|
| 2014-12-31 | $20.94 | $0.00 | x |
| 2015-12-31 | $-1.78 | $0.00 | x |
| 2016-12-31 | $-23.91 | $0.00 | x |
| 2017-12-31 | $-3.63 | $0.00 | x |
| 2018-12-31 | $-0.02 | $0.00 | x |
| 2019-12-31 | $-0.44 | $0.00 | x |
| 2020-12-31 | $-2.93 | $0.00 | x |
| 2021-12-31 | $0.13 | $0.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Ionic Brands Corp 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): -51.92%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -43.56%
- • Asset Turnover: 0.80x
- • Equity Multiplier: 1.50x
- Recent ROE (-51.92%) is below the historical average (-42.76%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2014 | -290.16% | 0.00% | 0.00x | 2.31x | $-1.09 Million |
| 2015 | 0.00% | 0.00% | 0.00x | 0.00x | $-357.58K |
| 2016 | 0.00% | -5.67% | 1.30x | 0.00x | $-51.81K |
| 2017 | 0.00% | 0.75% | 106.96x | 0.00x | $29.20K |
| 2018 | 0.00% | -1.91% | 942.47x | 0.00x | $-19.57K |
| 2019 | 0.00% | -410.96% | 1.31x | 0.00x | $-41.36 Million |
| 2020 | 0.00% | -74.51% | 1.47x | 0.00x | $-5.14 Million |
| 2021 | -51.92% | -43.56% | 0.80x | 1.50x | $-12.96 Million |
Industry Comparison
This section compares Ionic Brands Corp's net assets metrics with peer companies in the Drug Manufacturers - Specialty & Generic industry.
Industry Context
- Industry: Drug Manufacturers - Specialty & Generic
- Average net assets among peers: $439,452,927
- Average return on equity (ROE) among peers: -31.68%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Ionic Brands Corp (IONKF) | $1.41 Million | -290.16% | 2.17x | $15.89K |
| Ascend Wellness Holdings Inc (AAWH) | $71.80 Million | -118.37% | 11.54x | $48.90 Million |
| AB Science S.A (ABSCF) | $-21.01 Million | 0.00% | 0.00x | $39.89 Million |
| Alterola Biotech Inc (ABTI) | $-294.68K | 0.00% | 0.00x | $603.58K |
| Aurora Cannabis Inc (ACB) | $521.74 Million | -156.52% | 0.78x | $195.20 Million |
| Acreage Holdings Inc (ACRDF) | $494.79 Million | -30.37% | 0.40x | $13.48K |
| Acura Pharmaceuticals Inc (ACUR) | $29.91 Million | 0.00% | 0.07x | $13.20K |
| Agra Ventures Ltd. (AGFAF) | $1.72 Million | -18.78% | 0.11x | $298.23K |
| Allergy Therapeutics plc (AGYTF) | $20.08 Million | -10.91% | 0.33x | $25.30 Million |
| Aida Pharmaceuticals Inc (AIDA) | $21.19 Million | 12.93% | 1.96x | $1.85 |
| Adcock Ingram Holdings Limited (AIHLF) | $3.25 Billion | 5.19% | 0.72x | $85.61 Million |