Micro Imaging Technology Inc
Micro Imaging Technology, Inc. engages in the development of fluid monitoring systems for food safety and clinical industries in the United States. The company is developing a laser-based rapid microbial identification system capable of identifying pathogenic bacteria. The company has a collaboration Northern Michigan University to investigate an alternative pathogen sample preparation method tha… Read more
Micro Imaging Technology Inc (MMTC) - Net Assets
Latest net assets as of July 2014: $-1.42 Million USD
Based on the latest financial reports, Micro Imaging Technology Inc (MMTC) has net assets worth $-1.42 Million USD as of July 2014.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($146.82K) and total liabilities ($1.57 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 | $-1.42 Million |
| % of Total Assets | -970.19% |
| Annual Growth Rate | N/A |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 92.0 |
Micro Imaging Technology Inc - Net Assets Trend (1997–2013)
This chart illustrates how Micro Imaging Technology 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 Micro Imaging Technology Inc (1997–2013)
The table below shows the annual net assets of Micro Imaging Technology Inc from 1997 to 2013.
| Year | Net Assets | Change |
|---|---|---|
| 2013-10-31 | $-1.02 Million | -114.19% |
| 2012-10-31 | $-477.73K | +79.44% |
| 2011-10-31 | $-2.32 Million | -176.88% |
| 2010-10-31 | $-839.13K | -0.02% |
| 2009-10-31 | $-839.00K | -34.52% |
| 2008-10-31 | $-623.72K | -223.92% |
| 2007-10-31 | $-192.55K | +92.37% |
| 2006-10-31 | $-2.52 Million | -82.72% |
| 2005-10-31 | $-1.38 Million | +0.99% |
| 2004-10-31 | $-1.39 Million | -0.01% |
| 2003-10-31 | $-1.39 Million | -168.73% |
| 2002-10-31 | $-518.73K | -224.55% |
| 2001-10-31 | $416.49K | -58.15% |
| 2000-10-31 | $995.29K | +2.47% |
| 1999-10-31 | $971.29K | -2.76% |
| 1998-10-31 | $998.88K | +32.46% |
| 1997-10-31 | $754.08K | -- |
Equity Component Analysis
This analysis shows how different components contribute to Micro Imaging Technology 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 2928855100.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (October 2013)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $51.53K | % |
| Other Components | $45.34 Million | % |
| Total Equity | $-1.02 Million | 100.00% |
Micro Imaging Technology Inc Competitors by Market Cap
The table below lists competitors of Micro Imaging Technology Inc ranked by their market capitalization.
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Micro Imaging Technology Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2012 to 2013, total equity changed from -477,731 to -1,023,269, a change of -545,538.
- Net loss of 866,629 reduced equity.
- Share repurchases of 420,000 reduced equity.
- Other factors increased equity by 741,091.
Equity Change Factors (2012 to 2013)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-866.63K | -84.69% |
| Share Repurchases | $420.00K | -41.04% |
| Other Changes | $741.09K | +72.42% |
| Total Change | $- | % |
Book Value vs Market Value Analysis
This analysis compares Micro Imaging Technology 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 |
|---|---|---|---|
| 1997-10-31 | $127.57 | $0.00 | x |
| 1998-10-31 | $62.97 | $0.00 | x |
| 1999-10-31 | $57.03 | $0.00 | x |
| 2000-10-31 | $57.57 | $0.00 | x |
| 2001-10-31 | $22.01 | $0.00 | x |
| 2002-10-31 | $-23.64 | $0.00 | x |
| 2004-10-31 | $-59.58 | $0.00 | x |
| 2005-10-31 | $-46.55 | $0.00 | x |
| 2006-10-31 | $-91.23 | $0.00 | x |
| 2007-10-31 | $-3.77 | $0.00 | x |
| 2008-10-31 | $-8.79 | $0.00 | x |
| 2010-10-31 | $-4.68 | $0.00 | x |
| 2011-10-31 | $-4.11 | $0.00 | x |
| 2012-10-31 | $-0.20 | $0.00 | x |
| 2013-10-31 | $-0.21 | $0.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Micro Imaging Technology 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 (-69.68%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1997 | -145.35% | -888.01% | 0.14x | 1.19x | $-1.17 Million |
| 1998 | -150.86% | -187.08% | 0.58x | 1.39x | $-1.61 Million |
| 1999 | -201.65% | -281.59% | 0.49x | 1.46x | $-2.06 Million |
| 2000 | -178.90% | -182.03% | 0.76x | 1.30x | $-1.88 Million |
| 2001 | -368.36% | -115.56% | 0.40x | 8.02x | $-1.58 Million |
| 2002 | 0.00% | -119.41% | 0.46x | 0.00x | $-1.64 Million |
| 2004 | 0.00% | -104.11% | 0.52x | 0.00x | $-1.36 Million |
| 2005 | 0.00% | 99.02% | 0.92x | 0.00x | $1.26 Million |
| 2006 | 0.00% | 0.00% | 0.00x | 0.00x | $-3.55 Million |
| 2007 | 0.00% | -5100.34% | 0.13x | 0.00x | $-2.02 Million |
| 2008 | 0.00% | 0.00% | 0.00x | 0.00x | $-2.40 Million |
| 2010 | 0.00% | -18444.61% | 0.11x | 0.00x | $-3.24 Million |
| 2011 | 0.00% | 0.00% | 0.00x | 0.00x | $-1.13 Million |
| 2012 | 0.00% | 0.00% | 0.00x | 0.00x | $-1.11 Million |
| 2013 | 0.00% | 0.00% | 0.00x | 0.00x | $-764.30K |
Industry Comparison
This section compares Micro Imaging Technology Inc's net assets metrics with peer companies in the Medical Devices industry.
Industry Context
- Industry: Medical Devices
- Average net assets among peers: $694,749,556
- Average return on equity (ROE) among peers: -25.46%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Micro Imaging Technology Inc (MMTC) | $-1.42 Million | -145.35% | N/A | $0.95 |
| Advanced Biomedical Technologies Inc (ABMT) | $-4.46 Million | 0.00% | 0.00x | $14.18K |
| Abbott Laboratories (ABT) | $4.82 Billion | 39.04% | 1.31x | $191.37 Billion |
| Acarix AB (publ) (ACIXF) | $1.93 Million | -127.02% | 0.21x | $26.42 Million |
| Adagio Medical Holdings, Inc Common Stock (ADGM) | $-72.62 Million | 0.00% | 0.00x | $4.05 Million |
| Adm Tronics Unltd (ADMT) | $-12.69K | 0.00% | 0.00x | $3.17 Million |
| Aethlon Medical Inc (AEMD) | $-3.07 Million | 0.00% | 0.00x | $2.79 Million |
| Acutus Medical Inc (AFIB) | $126.58 Million | -80.56% | 0.52x | $732.88K |
| Adapthealth Corp (AHCO) | $2.07 Billion | 7.56% | 1.54x | $914.25 Million |
| Allied Healthcare Products Inc. (AHPIQ) | $8.88 Million | -33.95% | 1.22x | $726.24 |
| 20/20 Biolabs, Inc. Common Stock (AIDX) | $3.39 Million | -59.65% | 0.38x | $9.18 Million |