MJ Harvest Inc
MJ Harvest, Inc. develops, acquires, and distributes agricultural and horticultural tools and implements to growers and operators in the hemp and cannabis retail industry. It offers the DeBudder Lids and EDGE brands products, and soil and soil additive products used in growing and harvesting of crops through distributors and its websites procannagro.com and procannagro.ca. The company was incorpo… Read more
MJ Harvest Inc (MJHI) - Net Assets
Latest net assets as of February 2023: $-1.10 Million USD
Based on the latest financial reports, MJ Harvest Inc (MJHI) has net assets worth $-1.10 Million USD as of February 2023.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($8.93 Million) and total liabilities ($10.03 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 | $-1.10 Million |
| % of Total Assets | -12.29% |
| Annual Growth Rate | -1.42% |
| 5-Year Change | 136.76% |
| 10-Year Change | N/A |
| Growth Volatility | 143.2 |
MJ Harvest Inc - Net Assets Trend (2003–2022)
This chart illustrates how MJ Harvest 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 MJ Harvest Inc (2003–2022)
The table below shows the annual net assets of MJ Harvest Inc from 2003 to 2022.
| Year | Net Assets | Change |
|---|---|---|
| 2022-05-31 | $720.19K | +209.88% |
| 2021-05-31 | $-655.42K | -57.28% |
| 2020-05-31 | $-416.73K | +3.61% |
| 2019-05-31 | $-432.36K | -242.14% |
| 2018-05-31 | $304.18K | +10239.47% |
| 2014-05-31 | $-3.00K | +98.47% |
| 2013-05-31 | $-196.46K | -110.13% |
| 2004-05-31 | $1.94 Million | +105.30% |
| 2003-05-31 | $944.36K | -- |
Equity Component Analysis
This analysis shows how different components contribute to MJ Harvest 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 1150051900.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (May 2022)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $3.36K | 0.47% |
| Other Components | $12.69 Million | 1762.16% |
| Total Equity | $720.19K | 100.00% |
MJ Harvest Inc Competitors by Market Cap
The table below lists competitors of MJ Harvest Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Bac A Commercial Joint Stock Bank
VN:BAB
|
$4.28K |
|
M Food S.A.
WAR:MFD
|
$4.28K |
|
Golden Win International CORP
TWO:4950
|
$4.29K |
|
Khairpur Sugar Mills Ltd
KAR:KPUS
|
$4.29K |
|
UBNSF
OTCGREY:UBNSF
|
$4.28K |
|
Denali Capital Acquisition Corp. Warrant
NASDAQ:DECAW
|
$4.27K |
|
Hai Phong Elec
VN:DHP
|
$4.27K |
|
PertroVietnam Power Services JSC
VN:PPS
|
$4.27K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in MJ Harvest Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2021 to 2022, total equity changed from -655,425 to 720,187, a change of 1,375,612.
- Net loss of 3,881,272 reduced equity.
- Other factors increased equity by 5,256,884.
Equity Change Factors (2021 to 2022)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-3.88 Million | -538.93% |
| Other Changes | $5.26 Million | +729.93% |
| Total Change | $- | % |
Book Value vs Market Value Analysis
This analysis compares MJ Harvest 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
- Current price-to-book ratio: 0.01x
- 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 |
|---|---|---|---|
| 2003-05-31 | $0.00 | $0.00 | x |
| 2004-05-31 | $0.00 | $0.00 | x |
| 2013-05-31 | $0.00 | $0.00 | x |
| 2014-05-31 | $0.00 | $0.00 | x |
| 2018-05-31 | $0.00 | $0.00 | x |
| 2019-05-31 | $-0.02 | $0.00 | x |
| 2020-05-31 | $-0.02 | $0.00 | x |
| 2021-05-31 | $-0.03 | $0.00 | x |
| 2022-05-31 | $0.02 | $0.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently MJ Harvest 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): -538.93%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -2245.78%
- • Asset Turnover: 0.05x
- • Equity Multiplier: 5.26x
- Recent ROE (-538.93%) is below the historical average (-110.44%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2003 | -52.87% | -2.44% | 1.75x | 12.44x | $-579.48K |
| 2004 | 28.78% | 1.25% | 2.94x | 7.82x | $354.84K |
| 2013 | 0.00% | 0.00% | 0.00x | 0.00x | $-125.31K |
| 2014 | 0.00% | 0.00% | 0.00x | 0.00x | $-148.60K |
| 2018 | -430.98% | -46369.28% | 0.00x | 2.21x | $-721.17K |
| 2019 | 0.00% | -1814.83% | 0.29x | 0.00x | $-1.28 Million |
| 2020 | 0.00% | -830.05% | 0.54x | 0.00x | $-2.68 Million |
| 2021 | 0.00% | -5936.25% | 0.07x | 0.00x | $-5.23 Million |
| 2022 | -538.93% | -2245.78% | 0.05x | 5.26x | $-3.95 Million |
Industry Comparison
This section compares MJ Harvest Inc's net assets metrics with peer companies in the Industrial Distribution industry.
Industry Context
- Industry: Industrial Distribution
- Average net assets among peers: $916,275,000
- Average return on equity (ROE) among peers: 8.50%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| MJ Harvest Inc (MJHI) | $-1.10 Million | -52.87% | N/A | $4.28K |
| Addtech AB (publ.) (ADDHY) | $3.08 Billion | 28.02% | 1.77x | $4.34 Billion |
| Andritz AG (ADRZF) | $1.33 Billion | 19.84% | 3.73x | $4.12 Billion |
| Applied Industrial Technologies (AIT) | $932.55 Million | 15.52% | 1.44x | $9.65 Billion |
| Beacon Roofing Supply Inc (BECN) | $26.57 Million | -1.42% | 8.92x | $7.71 Billion |
| BlueLinx Holdings Inc (BXC) | $141.49 Million | 18.31% | 7.04x | $335.15 Million |
| CD International Enterprises Inc (CDIIQ) | $64.33 Million | 0.00% | 0.25x | $7.73K |
| Core & Main Inc (CNM) | $801.00 Million | 4.62% | 3.90x | $9.10 Billion |
| Doman Building Materials Group Ltd (CWXZF) | $497.71 Million | 21.40% | 2.09x | $403.14 Million |
| Now Inc (DNOW) | $1.40 Billion | -35.78% | 0.31x | $1.15 Billion |
| Diploma PLC (DPMAY) | $894.70 Million | 14.45% | 0.98x | $10.23 Billion |