AS-IP Tech Inc
AS-IP Tech, Inc. develops technologies for the business aviation and commercial airline industry. The company offers BizjetMobile and CrewX technologies are designed for business jets that deliver in-flight connectivity. The company markets fflya system designed for low-cost airlines. It operates in Asia, North America, Europe and the Middle East. The company was formerly known as ASI Entertainme… Read more
AS-IP Tech Inc (IPTK) - Net Assets
Latest net assets as of March 2023: $-2.69 Million USD
Based on the latest financial reports, AS-IP Tech Inc (IPTK) has net assets worth $-2.69 Million USD as of March 2023.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($29.16K) and total liabilities ($2.72 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 | $-2.69 Million |
| % of Total Assets | -9209.86% |
| Annual Growth Rate | N/A |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 66.95 |
AS-IP Tech Inc - Net Assets Trend (1999–2022)
This chart illustrates how AS-IP Tech 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 AS-IP Tech Inc (1999–2022)
The table below shows the annual net assets of AS-IP Tech Inc from 1999 to 2022.
| Year | Net Assets | Change |
|---|---|---|
| 2022-06-30 | $-2.17 Million | -64.87% |
| 2021-06-30 | $-1.32 Million | +13.42% |
| 2020-06-30 | $-1.52 Million | -30.96% |
| 2019-06-30 | $-1.16 Million | 0.00% |
| 2018-06-30 | $-1.16 Million | -412.67% |
| 2017-06-30 | $-226.62K | -108.52% |
| 2016-06-30 | $-108.68K | +79.51% |
| 2015-06-30 | $-530.40K | -10.18% |
| 2014-06-30 | $-481.38K | +3.61% |
| 2013-06-30 | $-499.42K | +6.89% |
| 2012-06-30 | $-536.36K | +0.17% |
| 2011-06-30 | $-537.30K | -8.29% |
| 2010-06-30 | $-496.15K | -82.40% |
| 2009-06-30 | $-272.00K | +24.97% |
| 2008-06-30 | $-362.53K | +6.41% |
| 2007-06-30 | $-387.35K | -218.99% |
| 2006-06-30 | $325.53K | -19.29% |
| 2005-06-30 | $403.35K | -25.52% |
| 2004-06-30 | $541.53K | -4.37% |
| 2003-06-30 | $566.28K | -19.26% |
| 2002-06-30 | $701.34K | -15.36% |
| 2001-06-30 | $828.63K | -29.69% |
| 2000-06-30 | $1.18 Million | -11.00% |
| 1999-06-30 | $1.32 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to AS-IP Tech 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 1554235100.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (June 2022)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $27.87K | % |
| Other Components | $14.15 Million | % |
| Total Equity | $-2.17 Million | 100.00% |
AS-IP Tech Inc Competitors by Market Cap
The table below lists competitors of AS-IP Tech Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
FILTRONIC (FTI.SG)
STU:FTI
|
$21.95K |
|
DELTICOM N - Dusseldorf Stock Exchang
DU:DEX
|
$21.95K |
|
SsangYong Motor Co. Ltd.
KQ:003620
|
$21.96K |
|
Chinyang Holdings Corp.
KQ:100250
|
$21.97K |
|
Doric Nimrod Air Two Limited
LSE:DNA2
|
$21.92K |
|
EVOLVING SYS
BE:EV3A
|
$21.87K |
|
ALLTIME
NSE:ALLTIME
|
$21.86K |
|
Global Care Capital Inc
PINK:RSCZF
|
$21.85K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in AS-IP Tech Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2021 to 2022, total equity changed from -1,317,246 to -2,171,756, a change of -854,510.
- Net loss of 2,157,000 reduced equity.
- New share issuances of 968,386 increased equity.
- Other comprehensive income decreased equity by 26,186.
- Other factors increased equity by 360,290.
Equity Change Factors (2021 to 2022)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-2.16 Million | -99.32% |
| Share Issuances | $968.39K | +44.59% |
| Other Comprehensive Income | $-26.19K | -1.21% |
| Other Changes | $360.29K | +16.59% |
| Total Change | $- | % |
Book Value vs Market Value Analysis
This analysis compares AS-IP Tech 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 |
|---|---|---|---|
| 1999-06-30 | $0.23 | $0.00 | x |
| 2000-06-30 | $0.20 | $0.00 | x |
| 2001-06-30 | $0.13 | $0.00 | x |
| 2002-06-30 | $0.07 | $0.00 | x |
| 2003-06-30 | $0.05 | $0.00 | x |
| 2004-06-30 | $0.04 | $0.00 | x |
| 2005-06-30 | $0.03 | $0.00 | x |
| 2006-06-30 | $0.02 | $0.00 | x |
| 2007-06-30 | $-0.01 | $0.00 | x |
| 2008-06-30 | $-0.01 | $0.00 | x |
| 2009-06-30 | $0.00 | $0.00 | x |
| 2010-06-30 | $-0.01 | $0.00 | x |
| 2011-06-30 | $-0.01 | $0.00 | x |
| 2012-06-30 | $-0.01 | $0.00 | x |
| 2013-06-30 | $-0.01 | $0.00 | x |
| 2014-06-30 | $-0.01 | $0.00 | x |
| 2015-06-30 | $-0.01 | $0.00 | x |
| 2016-06-30 | $0.00 | $0.00 | x |
| 2017-06-30 | $0.00 | $0.00 | x |
| 2018-06-30 | $-0.01 | $0.00 | x |
| 2019-06-30 | $-0.01 | $0.00 | x |
| 2020-06-30 | $-0.01 | $0.00 | x |
| 2021-06-30 | $-0.01 | $0.00 | x |
| 2022-06-30 | $-0.01 | $0.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently AS-IP Tech 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 (-51.63%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1999 | -25.35% | -929.19% | 0.03x | 1.07x | $-468.03K |
| 2000 | -51.34% | 0.00% | 0.00x | 1.06x | $-722.85K |
| 2001 | -30.65% | -109.21% | 0.20x | 1.41x | $-336.86K |
| 2002 | -58.17% | -142.61% | 0.28x | 1.44x | $-478.13K |
| 2003 | -158.05% | -1786.43% | 0.05x | 1.74x | $-951.63K |
| 2004 | -274.88% | -5937.15% | 0.03x | 1.37x | $-1.54 Million |
| 2005 | -174.41% | -1131.94% | 0.08x | 1.92x | $-743.82K |
| 2006 | -466.21% | -4698.93% | 0.05x | 1.94x | $-1.55 Million |
| 2007 | 0.00% | 0.00% | 0.00x | 0.00x | $-724.26K |
| 2008 | 0.00% | -8.53% | 1.50x | 0.00x | $10.65K |
| 2009 | 0.00% | -453.80% | 0.37x | 0.00x | $-199.70K |
| 2010 | 0.00% | -559.04% | 6.29x | 0.00x | $-143.94K |
| 2011 | 0.00% | 0.00% | 0.00x | 0.00x | $6.58K |
| 2012 | 0.00% | 0.00% | 0.00x | 0.00x | $-67.18K |
| 2013 | 0.00% | -811.73% | 0.18x | 0.00x | $-13.11K |
| 2014 | 0.00% | -90.42% | 2.69x | 0.00x | $-20.79K |
| 2015 | 0.00% | -455.20% | 2.47x | 0.00x | $-100.37K |
| 2016 | 0.00% | -203.12% | 0.36x | 0.00x | $-323.13K |
| 2017 | 0.00% | -511.58% | 0.41x | 0.00x | $-850.34K |
| 2018 | 0.00% | -1484.90% | 0.50x | 0.00x | $-890.69K |
| 2019 | 0.00% | -1485.10% | 0.50x | 0.00x | $-890.82K |
| 2020 | 0.00% | -1473.61% | 0.76x | 0.00x | $-600.85K |
| 2021 | 0.00% | -1856.56% | 0.47x | 0.00x | $-1.24 Million |
| 2022 | 0.00% | 0.00% | 0.00x | 0.00x | $-1.94 Million |
Industry Comparison
This section compares AS-IP Tech Inc's net assets metrics with peer companies in the Communication Equipment industry.
Industry Context
- Industry: Communication Equipment
- Average net assets among peers: $1,490,345,014
- Average return on equity (ROE) among peers: -191.93%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| AS-IP Tech Inc (IPTK) | $-2.69 Million | -25.35% | N/A | $21.94K |
| AAC Technologies Holdings Inc (AACAY) | $14.21 Billion | 28.32% | 0.71x | $4.55 Billion |
| Applied Opt (AAOI) | $115.01 Million | 3.72% | 0.60x | $2.97 Billion |
| Ability Inc (ABILF) | $5.00 Million | -5.60% | 13.35x | $544.32 |
| ADTRAN Inc (ADTN) | $378.43 Million | 20.17% | 0.27x | $785.61 Million |
| ADVA Optical Networking SE (ADVOF) | $176.06 Million | -16.73% | 0.17x | $243.68 Million |
| Airgain Inc (AIRG) | $46.22 Million | 2.47% | 0.22x | $44.70 Million |
| Aerkomm Inc (AKOM) | $24.19 Million | -98.53% | 2.63x | $805.19K |
| Akoustis Technologies, Inc. (AKTSQ) | $-57.09 Million | 0.00% | 0.00x | $135.67K |
| Amplitech Group Inc (AMPG) | $440.28K | -233.03% | 5.39x | $50.17 Million |
| Actelis Networks Inc. (ASNS) | $388.00K | -1620.10% | 27.93x | $465.34K |