Patient Access Solutions Inc
Patient Access Solutions, Inc. provides healthcare/financial processing solutions for the healthcare and dental industries. The company, through its merchant processing platform, provides patient eligibility, medical billing, and patient self-pay solutions. It also provides practice management, business management consulting, GAP analysis, and marketing and practice development services; and trea… Read more
Patient Access Solutions Inc (PASO) - Net Assets
Latest net assets as of January 2022: $-1.94 Million USD
Based on the latest financial reports, Patient Access Solutions Inc (PASO) has net assets worth $-1.94 Million USD as of January 2022.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($504.15K) and total liabilities ($2.45 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 | $-1.94 Million |
| % of Total Assets | -385.0% |
| Annual Growth Rate | N/A |
| 5-Year Change | -271.43% |
| 10-Year Change | N/A |
| Growth Volatility | 1476.26 |
Patient Access Solutions Inc - Net Assets Trend (2007–2021)
This chart illustrates how Patient Access Solutions 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 Patient Access Solutions Inc (2007–2021)
The table below shows the annual net assets of Patient Access Solutions Inc from 2007 to 2021.
| Year | Net Assets | Change |
|---|---|---|
| 2021-10-31 | $-1.95 Million | -33.70% |
| 2020-10-31 | $-1.46 Million | -171.61% |
| 2019-10-31 | $2.04 Million | +0.33% |
| 2018-10-31 | $2.03 Million | +78.47% |
| 2017-10-31 | $1.14 Million | +3371.94% |
| 2016-10-31 | $32.84K | +105.64% |
| 2011-10-31 | $-582.82K | +69.06% |
| 2010-10-31 | $-1.88 Million | -107.37% |
| 2008-10-31 | $-908.38K | -143.30% |
| 2007-12-31 | $-373.36K | -6611.45% |
| 2007-10-31 | $-5.56K | -- |
Equity Component Analysis
This analysis shows how different components contribute to Patient Access Solutions 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 4139615100.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (October 2021)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $2.28 Million | % |
| Other Comprehensive Income | $327.76K | % |
| Other Components | $36.86 Million | % |
| Total Equity | $-1.95 Million | 100.00% |
Patient Access Solutions Inc Competitors by Market Cap
The table below lists competitors of Patient Access Solutions Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Zhejiang Dashang Media Co. Ltd.
PINK:TKVR
|
$0.93 |
|
enherent Corp
PINK:ENHT
|
$0.93 |
|
Burned Media Ltd
PINK:BUNM
|
$0.93 |
|
Alpha Technologies Group Inc
PINK:AHAG
|
$0.93 |
|
Allied Security Innovations Inc
PINK:ADSV
|
$0.93 |
|
ForU Holdings Inc
PINK:FORU
|
$0.92 |
|
Gunther Grant Inc
PINK:GNGR
|
$0.92 |
|
ZA Group Inc
PINK:ZAAG
|
$0.92 |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Patient Access Solutions Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2020 to 2021, total equity changed from -1,461,993 to -1,954,755, a change of -492,762.
- Net loss of 10,593,646 reduced equity.
- Other comprehensive income decreased equity by 294,891.
- Other factors increased equity by 10,395,775.
Equity Change Factors (2020 to 2021)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-10.59 Million | -541.94% |
| Other Comprehensive Income | $-294.89K | -15.09% |
| Other Changes | $10.40 Million | +531.82% |
| Total Change | $- | % |
Book Value vs Market Value Analysis
This analysis compares Patient Access Solutions 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 |
|---|---|---|---|
| 2010-10-31 | $0.00 | $0.00 | x |
| 2011-10-31 | $0.00 | $0.00 | x |
| 2016-10-31 | $0.00 | $0.00 | x |
| 2017-10-31 | $0.01 | $0.00 | x |
| 2019-10-31 | $0.01 | $0.00 | x |
| 2020-10-31 | $0.00 | $0.00 | x |
| 2021-10-31 | $0.00 | $0.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Patient Access Solutions 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: -4979.71%
- • Asset Turnover: 0.43x
- • Equity Multiplier: 0.00x
- Recent ROE (0.00%) is below the historical average (24.93%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2007 | 0.00% | 0.00% | 0.00x | 0.00x | $-26.68K |
| 2007 | 0.00% | -212.39% | 0.29x | 0.00x | $-647.93K |
| 2008 | 0.00% | -2594.39% | 0.36x | 0.00x | $-9.00 Million |
| 2010 | 0.00% | -58.74% | 1.23x | 0.00x | $-387.68K |
| 2011 | 0.00% | 4.71% | 0.73x | 0.00x | $107.12K |
| 2016 | 332.72% | 16.79% | 0.71x | 27.79x | $105.99K |
| 2017 | -138.07% | -64.03% | 1.10x | 1.96x | $-1.69 Million |
| 2018 | 56.61% | 37.62% | 0.66x | 2.28x | $575.60K |
| 2019 | 22.99% | 50.05% | 0.34x | 1.36x | $265.19K |
| 2020 | 0.00% | -1455.24% | 0.78x | 0.00x | $-7.19 Million |
| 2021 | 0.00% | -4979.71% | 0.43x | 0.00x | $-10.40 Million |
Industry Comparison
This section compares Patient Access Solutions Inc's net assets metrics with peer companies in the Health Information Services industry.
Industry Context
- Industry: Health Information Services
- Average net assets among peers: $79,108,599
- Average return on equity (ROE) among peers: -247.59%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Patient Access Solutions Inc (PASO) | $-1.94 Million | 0.00% | N/A | $0.93 |
| Accolade, Inc. (ACCD) | $473.79 Million | -97.02% | 0.91x | $448.32 Million |
| Achiko AG (ACHKF) | $-4.58 Million | 0.00% | 0.00x | $314.42K |
| Ascom Holding AG (ACMLF) | $78.70 Million | 22.11% | 1.51x | $152.13 Million |
| Accelera Innovations Inc (ACNV) | $-462.52K | 0.00% | 0.00x | $5.72K |
| Aclarion Inc (ACON) | $-7.08 Million | 0.00% | 0.00x | $1.89 Million |
| Alternate Health Corp (AHGIF) | $1.07 Million | -2231.82% | 7.94x | $6.50K |
| AI/ML Innovations Inc (AIMLF) | $2.09 Million | -130.52% | 0.72x | $6.84 Million |
| NetraMark Holdings Inc. (AINMF) | $-198.56K | 0.00% | 0.00x | $70.13 Million |
| AMJ Global Technology (AMJT) | $-21.78K | 0.00% | 0.00x | $10.99 Million |
| American Well Corp (AMWL) | $247.79 Million | -38.62% | 0.31x | $78.62 Million |