Growlife Inc
GrowLife, Inc. focuses on the functional mushroom business. It processes, stores, markets, distributes, and sells fresh and dried mushroom products. The company was founded in 2012 and is headquartered in Kirkland, Washington.
Growlife Inc (PHOT) - Net Assets
Latest net assets as of June 2024: $-11.36 Million USD
Based on the latest financial reports, Growlife Inc (PHOT) has net assets worth $-11.36 Million USD as of June 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($200.62K) and total liabilities ($11.56 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 | $-11.36 Million |
| % of Total Assets | -5661.74% |
| Annual Growth Rate | N/A |
| 5-Year Change | -2054.28% |
| 10-Year Change | N/A |
| Growth Volatility | 658.77 |
Growlife Inc - Net Assets Trend (2003–2022)
This chart illustrates how Growlife 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 Growlife Inc (2003–2022)
The table below shows the annual net assets of Growlife Inc from 2003 to 2022.
| Year | Net Assets | Change |
|---|---|---|
| 2022-12-31 | $-8.41 Million | -41.75% |
| 2021-12-31 | $-5.93 Million | +17.30% |
| 2020-12-31 | $-7.17 Million | -54.82% |
| 2019-12-31 | $-4.63 Million | -1176.79% |
| 2018-12-31 | $430.37K | +107.40% |
| 2017-12-31 | $-5.82 Million | +13.28% |
| 2016-12-31 | $-6.71 Million | -11.02% |
| 2015-12-31 | $-6.04 Million | -169.81% |
| 2014-12-31 | $-2.24 Million | +61.69% |
| 2013-12-31 | $-5.84 Million | -1632.29% |
| 2012-12-31 | $-337.36K | +5.79% |
| 2011-12-31 | $-358.11K | -343.49% |
| 2010-12-31 | $-80.75K | -1659.73% |
| 2009-12-31 | $5.18K | -82.18% |
| 2008-12-31 | $29.05K | -58.51% |
| 2007-12-31 | $70.00K | -93.78% |
| 2004-12-31 | $1.13 Million | +16.55% |
| 2003-12-31 | $965.88K | -- |
Equity Component Analysis
This analysis shows how different components contribute to Growlife 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 16427389800.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2022)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $708.00 | % |
| Other Components | $156.39 Million | % |
| Total Equity | $-8.41 Million | 100.00% |
Growlife Inc Competitors by Market Cap
The table below lists competitors of Growlife Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Hercules Site Services PLC
LSE:HERC
|
$5.54K |
|
WI-LAN
BE:WJL
|
$5.54K |
|
R.E.A. Holdings plc
LSE:RE
|
$5.55K |
|
Sunworks Inc
NASDAQ:SUNWQ
|
$5.55K |
|
Wam Alternative Assets Ltd
AU:WMA
|
$5.53K |
|
SASFIN HOLD
BE:47S
|
$5.53K |
|
PEC Ltd
MU:QPE
|
$5.52K |
|
CN PETRO & CHEM -H-
HM:CHU
|
$5.52K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Growlife Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2021 to 2022, total equity changed from -5,933,611 to -8,410,734, a change of -2,477,123.
- Net loss of 4,482,877 reduced equity.
- Share repurchases of 10,168 reduced equity.
- Other factors increased equity by 2,015,922.
Equity Change Factors (2021 to 2022)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-4.48 Million | -53.3% |
| Share Repurchases | $10.17K | -0.12% |
| Other Changes | $2.02 Million | +23.97% |
| Total Change | $- | % |
Book Value vs Market Value Analysis
This analysis compares Growlife 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 |
|---|---|---|---|
| 2003-12-31 | $2508.78 | $0.00 | x |
| 2004-12-31 | $1.60 | $0.00 | x |
| 2007-12-31 | $0.01 | $0.00 | x |
| 2008-12-31 | $0.01 | $0.00 | x |
| 2009-12-31 | $0.00 | $0.00 | x |
| 2010-12-31 | $-0.02 | $0.00 | x |
| 2011-12-31 | $-51.32 | $0.00 | x |
| 2012-12-31 | $-30.93 | $0.00 | x |
| 2013-12-31 | $-221.72 | $0.00 | x |
| 2015-12-31 | $-153.69 | $0.00 | x |
| 2016-12-31 | $-126.01 | $0.00 | x |
| 2017-12-31 | $-64.01 | $0.00 | x |
| 2018-12-31 | $-11.34 | $0.00 | x |
| 2019-12-31 | $-27.65 | $0.00 | x |
| 2020-12-31 | $-30.50 | $0.00 | x |
| 2021-12-31 | $-10.63 | $0.00 | x |
| 2022-12-31 | $-3.66 | $0.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Growlife 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 below the historical average (9.08%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2003 | -104.15% | -6.38% | 1.95x | 8.37x | $-1.10 Million |
| 2004 | -136.17% | -9.37% | 1.56x | 9.29x | $-1.65 Million |
| 2007 | 1000.00% | 0.00% | 0.00x | 1.14x | $693.00K |
| 2008 | -135.27% | 0.00% | 0.00x | 1.22x | $-42.19K |
| 2009 | -461.04% | 0.00% | 0.00x | 2.80x | $-24.39K |
| 2010 | 0.00% | -19.11% | 25.71x | 0.00x | $-77.85K |
| 2011 | 0.00% | -875.61% | 1.73x | 0.00x | $-4.33 Million |
| 2012 | 0.00% | -150.65% | 1.13x | 0.00x | $-2.15 Million |
| 2013 | 0.00% | -440.01% | 0.84x | 0.00x | $-20.80 Million |
| 2014 | 0.00% | -1014.59% | 3.61x | 0.00x | $-86.40 Million |
| 2015 | 0.00% | -162.54% | 2.38x | 0.00x | $-5.08 Million |
| 2016 | 0.00% | -625.10% | 2.30x | 0.00x | $-7.02 Million |
| 2017 | 0.00% | -217.01% | 2.84x | 0.00x | $-4.74 Million |
| 2018 | 0.00% | -250.27% | 0.63x | 0.00x | $-11.29 Million |
| 2019 | 0.00% | -88.65% | 2.03x | 0.00x | $-6.82 Million |
| 2020 | 0.00% | -91.13% | 1.61x | 0.00x | $-5.66 Million |
| 2021 | 0.00% | -88.29% | 1.51x | 0.00x | $-4.88 Million |
| 2022 | 0.00% | 0.00% | 0.00x | 0.00x | $-3.64 Million |
Industry Comparison
This section compares Growlife 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 |
|---|---|---|---|---|
| Growlife Inc (PHOT) | $-11.36 Million | -104.15% | N/A | $5.54K |
| 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 |