Oct 88 Res Inc
Octagon 88 Resources, Inc., a natural resource company, engages in acquiring, exploring, and developing natural resource assets. It holds an indirect interest in a contiguous land base of 73 sections comprising 46,720 acres of oil sands leases, as well as a direct working interest in petroleum and natural gas leases known as the Trout Lake properties in the Province of Alberta. The company was fo… Read more
Oct 88 Res Inc (OCTX) - Net Assets
Latest net assets as of December 2014: $59.71 Million USD
Based on the latest financial reports, Oct 88 Res Inc (OCTX) has net assets worth $59.71 Million USD as of December 2014.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($59.82 Million) and total liabilities ($115.54K). 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 | $59.71 Million |
| % of Total Assets | 99.81% |
| Annual Growth Rate | 322.65% |
| 5-Year Change | 2561701.14% |
| 10-Year Change | N/A |
| Growth Volatility | 145.72 |
Oct 88 Res Inc - Net Assets Trend (2009–2014)
This chart illustrates how Oct 88 Res 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 Oct 88 Res Inc (2009–2014)
The table below shows the annual net assets of Oct 88 Res Inc from 2009 to 2014.
| Year | Net Assets | Change |
|---|---|---|
| 2014-06-30 | $60.84 Million | -0.34% |
| 2013-06-30 | $61.05 Million | +159349.05% |
| 2012-06-30 | $-38.34K | -557.10% |
| 2011-06-30 | $-5.83K | -345.64% |
| 2010-06-30 | $2.38K | -94.74% |
| 2009-06-30 | $45.16K | -- |
Equity Component Analysis
This analysis shows how different components contribute to Oct 88 Res 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 875172600.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (June 2014)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $2.69K | 0.00% |
| Other Components | $69.62 Million | 114.43% |
| Total Equity | $60.84 Million | 100.00% |
Oct 88 Res Inc Competitors by Market Cap
The table below lists competitors of Oct 88 Res Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Sortis Holdings Inc
PINK:SOHI
|
$1.84 |
|
Coil Tubing Technology Inc
PINK:CTBG
|
$1.84 |
|
Stem Cell Authority Ltd
PINK:SCAL
|
$1.84 |
|
KS International Holdings Corporation
PINK:KSIH
|
$1.84 |
|
RONN Inc.
PINK:RONN
|
$1.84 |
|
Blue Water Ventures International Inc
PINK:BWVI
|
$1.84 |
|
Elliott Opportunity II Corp.
PINK:EOCWF
|
$1.84 |
|
RTS Oil Holdings Inc
PINK:RTSO
|
$1.83 |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Oct 88 Res Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2013 to 2014, total equity changed from 61,048,122 to 60,842,777, a change of -205,345 (-0.3%).
- Net loss of 6,932,041 reduced equity.
- Other factors increased equity by 6,726,696.
Equity Change Factors (2013 to 2014)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-6.93 Million | -11.39% |
| Other Changes | $6.73 Million | +11.06% |
| Total Change | $- | -0.34% |
Book Value vs Market Value Analysis
This analysis compares Oct 88 Res 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: 0.00x
- 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.
- The price-to-book ratio has decreased from 0.16x to 0.00x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2009-06-30 | $0.00 | $0.00 | x |
| 2010-06-30 | $0.00 | $0.00 | x |
| 2011-06-30 | $0.00 | $0.00 | x |
| 2012-06-30 | $0.00 | $0.00 | x |
| 2013-06-30 | $1.93 | $0.00 | x |
| 2014-06-30 | $2.28 | $0.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Oct 88 Res 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): -11.39%
- 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: 1.00x
- Recent ROE (-11.39%) is above the historical average (-332.48%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2009 | -67.49% | 0.00% | 0.00x | 1.07x | $-34.99K |
| 2010 | -1915.07% | 0.00% | 0.00x | 3.76x | $-45.72K |
| 2011 | 0.00% | 0.00% | 0.00x | 0.00x | $-32.63K |
| 2012 | 0.00% | 0.00% | 0.00x | 0.00x | $-28.67K |
| 2013 | -0.94% | 0.00% | 0.00x | 1.00x | $-6.68 Million |
| 2014 | -11.39% | 0.00% | 0.00x | 1.00x | $-13.02 Million |
Industry Comparison
This section compares Oct 88 Res Inc's net assets metrics with peer companies in the Oil & Gas E&P industry.
Industry Context
- Industry: Oil & Gas E&P
- Average net assets among peers: $1,751,793,864
- Average return on equity (ROE) among peers: -1.48%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Oct 88 Res Inc (OCTX) | $59.71 Million | -67.49% | 0.00x | $1.84 |
| Advantage Energy Ltd. (AAVVF) | $1.33 Billion | 0.83% | 0.33x | $922.80 Million |
| ADX Energy Ltd (ADXRF) | $4.37 Million | -14.30% | 0.01x | $9.58 Million |
| ARC Resources Ltd. (AETUF) | $3.40 Billion | 7.09% | 0.69x | $10.30 Billion |
| Aminex PLC (AEXFF) | $7.53 Million | -11.90% | 0.27x | $77.17 Million |
| Aker BP ASA (AKRBF) | $12.69 Billion | 14.40% | 2.32x | $6.29 Billion |
| Arkanova Energy Corporation (AKVA) | $-35.51K | 0.00% | 0.00x | $4.92K |
| Allied Resources Inc (ALOD) | $2.39 Million | -3.81% | 0.14x | $428.76K |
| Altex Industries Inc (ALTX) | $2.60 Million | -10.61% | 0.15x | $1.08 Million |
| Alvopetro Energy Ltd (ALVOF) | $66.14 Million | -10.76% | 0.04x | $117.02 Million |
| AMEN Properties Inc (AMEN) | $15.55 Million | 14.30% | 0.08x | $4.94 Million |