KARX
Karbon-X Corp. operates as a carbon marketing company focused on the technology-based greenhouse gas builds. The company engages in reduction of greenhouse gas emissions through sale of carbon credits. It also invests in CO2 reduction projects such as direct air capture, green hydroelectric energy production, and reforestation. The company serves mining, forestry, civic earthworks, transportation… Read more
KARX (KARX) - Net Assets
Latest net assets as of August 2024: $3.15 Million USD
Based on the latest financial reports, KARX (KARX) has net assets worth $3.15 Million USD as of August 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($3.29 Million) and total liabilities ($139.00K). 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 | $3.15 Million |
| % of Total Assets | 95.77% |
| Annual Growth Rate | 110.46% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 115.13 |
KARX - Net Assets Trend (2022–2024)
This chart illustrates how KARX's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for KARX (2022–2024)
The table below shows the annual net assets of KARX from 2022 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-05-31 | $2.83 Million | +24.86% |
| 2023-05-31 | $2.27 Million | +255.12% |
| 2022-05-31 | $637.87K | -- |
Equity Component Analysis
This analysis shows how different components contribute to KARX'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 473311400.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (May 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | $7.77 Million | 274.57% |
| Total Equity | $2.83 Million | 100.00% |
KARX Competitors by Market Cap
The table below lists competitors of KARX ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Orbitech Co. Ltd
KQ:046120
|
$115.02 Million |
|
Nafoods Group JSC
VN:NAF
|
$115.04 Million |
|
OCUPHIRE PHARMA DL-0001
F:R3X1
|
$115.10 Million |
|
Mosa Industrial Corp
TW:4564
|
$115.14 Million |
|
SolGold Plc
PINK:SLGGF
|
$114.97 Million |
|
YFC-BonEagle Electric Co Ltd
TWO:6220
|
$114.95 Million |
|
AC IMMUNE SA SF-02
F:IMR
|
$114.95 Million |
|
Hannong Chem
KO:011500
|
$114.90 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in KARX's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 2,265,219 to 2,828,257, a change of 563,038 (24.9%).
- Net loss of 2,744,583 reduced equity.
- New share issuances of 4,321,891 increased equity.
- Other factors decreased equity by 1,014,270.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-2.74 Million | -97.04% |
| Share Issuances | $4.32 Million | +152.81% |
| Other Changes | $-1.01 Million | -35.86% |
| Total Change | $- | 24.86% |
Book Value vs Market Value Analysis
This analysis compares KARX'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: 61.02x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 227.29x to 61.02x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2022-05-31 | $0.01 | $2.10 | x |
| 2023-05-31 | $0.03 | $2.10 | x |
| 2024-05-31 | $0.03 | $2.10 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently KARX 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): -97.04%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -666.07%
- • Asset Turnover: 0.10x
- • Equity Multiplier: 1.40x
- Recent ROE (-97.04%) is below the historical average (-74.08%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2022 | -37.43% | 0.00% | 0.00x | 1.05x | $-302.53K |
| 2023 | -87.76% | -20216.38% | 0.00x | 1.11x | $-2.21 Million |
| 2024 | -97.04% | -666.07% | 0.10x | 1.40x | $-3.03 Million |
Industry Comparison
This section compares KARX's net assets metrics with peer companies in the Advertising Agencies industry.
Industry Context
- Industry: Advertising Agencies
- Average net assets among peers: $85,051,648
- Average return on equity (ROE) among peers: -8.00%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| KARX (KARX) | $3.15 Million | -37.43% | 0.04x | $115.01 Million |
| Adaptive Ad Systems Inc (AATV) | $4.67 Million | 44.68% | 0.14x | $1.79K |
| ACCESS Newswire Inc. (ACCS) | $-205.53K | 0.00% | 0.00x | $14.00 Million |
| Artec Consulting Corp (ACTL) | $3.96K | -153.62% | 0.03x | $69.28K |
| Advantage Solutions Inc (ADV) | $1.10 Billion | -5.74% | 2.42x | $114.90 Million |
| Airnet Technology Inc (ANTE) | $-18.96 Million | 0.00% | 0.00x | $46.30 Million |
| Applovin Corp (APP) | $-256.57 Million | 0.00% | 0.00x | $107.18 Billion |
| Advantex Marketing International Inc (ATXMF) | $-1.40 Million | 0.00% | 0.00x | $36.32K |
| Baosheng Media Group Holdings Ltd (BAOS) | $32.18 Million | 34.72% | 1.63x | $2.49 Million |
| Bang Holdings Corp (BXNG) | $-808.98K | 0.00% | 0.00x | $406.52 |
| Beyond Commerce Inc (BYOC) | $-12.48 Million | 0.00% | 0.00x | $1.65 Million |