Plastic2Oil Inc
Plastic2Oil, Inc. engages in the transforming waste plastics to oil and other fuel products in the United States. It produces light and heavy fuel products, such as naphtha, fuel oil No. 2 and fuel oil No. 6. The company also produces by-products, including a reusable off-gas similar to natural gas and a carbon residue known as petcoke. Plastic2Oil, Inc. sells its products through fuel wholesaler… Read more
Plastic2Oil Inc (PTOI) - Net Assets
Latest net assets as of June 2024: $-25.64 Million USD
Based on the latest financial reports, Plastic2Oil Inc (PTOI) has net assets worth $-25.64 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 ($420.83K) and total liabilities ($26.06 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 | $-25.64 Million |
| % of Total Assets | -6092.44% |
| Annual Growth Rate | N/A |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 343983.95 |
Plastic2Oil Inc - Net Assets Trend (2006–2023)
This chart illustrates how Plastic2Oil 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 Plastic2Oil Inc (2006–2023)
The table below shows the annual net assets of Plastic2Oil Inc from 2006 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | $-24.62 Million | -10.40% |
| 2022-12-31 | $-22.30 Million | -9.17% |
| 2021-12-31 | $-20.43 Million | -9.96% |
| 2020-12-31 | $-18.58 Million | -11.16% |
| 2019-12-31 | $-16.71 Million | -13.55% |
| 2018-12-31 | $-14.72 Million | -21.18% |
| 2017-12-31 | $-12.14 Million | -15.53% |
| 2016-12-31 | $-10.51 Million | -113.74% |
| 2015-12-31 | $-4.92 Million | -258.50% |
| 2014-12-31 | $-1.37 Million | -135.65% |
| 2013-12-31 | $3.85 Million | -62.57% |
| 2012-12-31 | $10.28 Million | +386.85% |
| 2011-12-31 | $2.11 Million | -58.05% |
| 2010-12-31 | $5.03 Million | -78.07% |
| 2009-12-31 | $22.95 Million | +1040104.35% |
| 2008-12-31 | $2.21K | -98.05% |
| 2007-12-31 | $113.17K | +8.83% |
| 2006-12-31 | $103.99K | -- |
Equity Component Analysis
This analysis shows how different components contribute to Plastic2Oil 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 9202810300.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $124.76K | % |
| Other Comprehensive Income | $88.22K | % |
| Other Components | $67.20 Million | % |
| Total Equity | $-24.62 Million | 100.00% |
Plastic2Oil Inc Competitors by Market Cap
The table below lists competitors of Plastic2Oil Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Bladeranger Ltd
TA:BLRN
|
$12.48K |
|
Integral Acquisition Corporation 1 Warrants
NASDAQ:INTEW
|
$12.48K |
|
Dektra SA
WAR:DKR
|
$12.49K |
|
Ghandhara Automobile
KAR:GAL
|
$12.49K |
|
MCB Bank Ltd
KAR:MCB
|
$12.47K |
|
The Alumasc Group plc
LSE:ALU
|
$12.47K |
|
STALLION
NSE:STALLION
|
$12.46K |
|
USIM6F
SA:USIM6F
|
$12.46K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Plastic2Oil Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from -22,297,732 to -24,616,984, a change of -2,319,252.
- Net loss of 2,235,000 reduced equity.
- Other comprehensive income decreased equity by 84,367.
- Other factors increased equity by 115.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-2.23 Million | -9.08% |
| Other Comprehensive Income | $-84.37K | -0.34% |
| Other Changes | $115.00 | +0.0% |
| Total Change | $- | % |
Book Value vs Market Value Analysis
This analysis compares Plastic2Oil 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 |
|---|---|---|---|
| 2006-12-31 | $0.00 | $0.00 | x |
| 2007-12-31 | $0.00 | $0.00 | x |
| 2008-12-31 | $0.00 | $0.00 | x |
| 2009-12-31 | $0.38 | $0.00 | x |
| 2010-12-31 | $0.09 | $0.00 | x |
| 2011-12-31 | $0.04 | $0.00 | x |
| 2012-12-31 | $0.13 | $0.00 | x |
| 2013-12-31 | $0.04 | $0.00 | x |
| 2014-12-31 | $-0.01 | $0.00 | x |
| 2015-12-31 | $-0.04 | $0.00 | x |
| 2016-12-31 | $-0.08 | $0.00 | x |
| 2017-12-31 | $-0.10 | $0.00 | x |
| 2018-12-31 | $-0.12 | $0.00 | x |
| 2019-12-31 | $-0.13 | $0.00 | x |
| 2020-12-31 | $-0.15 | $0.00 | x |
| 2021-12-31 | $-0.16 | $0.00 | x |
| 2022-12-31 | $-0.18 | $0.00 | x |
| 2023-12-31 | $-0.20 | $0.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Plastic2Oil 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 (-369.69%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2006 | -1.45% | 0.00% | 0.00x | 2.40x | $-11.91K |
| 2007 | 8.11% | 38.24% | 0.09x | 2.37x | $-2.14K |
| 2008 | -5030.01% | -737.29% | 3.95x | 1.73x | $-111.18K |
| 2009 | -8.01% | -13.72% | 0.55x | 1.05x | $-4.13 Million |
| 2010 | -284.96% | -115.49% | 1.59x | 1.56x | $-14.85 Million |
| 2011 | -864.69% | -708.81% | 0.30x | 4.09x | $-18.47 Million |
| 2012 | -129.59% | -1351.95% | 0.07x | 1.30x | $-14.35 Million |
| 2013 | -343.89% | -1909.32% | 0.07x | 2.41x | $-13.62 Million |
| 2014 | 0.00% | -11525.49% | 0.01x | 0.00x | $-6.66 Million |
| 2015 | 0.00% | -34762.08% | 0.00x | 0.00x | $-5.32 Million |
| 2016 | 0.00% | -25968.11% | 0.01x | 0.00x | $-4.65 Million |
| 2017 | 0.00% | 0.00% | 0.00x | 0.00x | $-1.98 Million |
| 2018 | 0.00% | 0.00% | 0.00x | 0.00x | $-2.48 Million |
| 2019 | 0.00% | 0.00% | 0.00x | 0.00x | $-217.98K |
| 2020 | 0.00% | 0.00% | 0.00x | 0.00x | $68.57K |
| 2021 | 0.00% | 0.00% | 0.00x | 0.00x | $203.57K |
| 2022 | 0.00% | 0.00% | 0.00x | 0.00x | $147.77K |
| 2023 | 0.00% | 0.00% | 0.00x | 0.00x | $226.70K |
Industry Comparison
This section compares Plastic2Oil Inc's net assets metrics with peer companies in the Waste Management industry.
Industry Context
- Industry: Waste Management
- Average net assets among peers: $61,795,124
- Average return on equity (ROE) among peers: -17.66%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Plastic2Oil Inc (PTOI) | $-25.64 Million | -1.45% | N/A | $12.47K |
| American Battery Technology Company Common Stock (ABAT) | $70.60 Million | -66.24% | 0.20x | $410.46 Million |
| Agilyx AS (AGXXF) | $35.34 Million | 10.45% | 1.10x | $152.59 Million |
| Ambipar Emergency Response (AMBI) | $8.37 Million | 0.00% | 1.76x | $5.74 Million |
| Anaergia Inc (ANRGF) | $125.77 Million | -18.04% | 2.60x | $20.51 Million |
| Aqua Metals Inc (AQMS) | $31.14 Million | -82.73% | 0.13x | $12.23 Million |
| Avalon Holdings Corporation (AWX) | $39.44 Million | 3.70% | 0.21x | $5.00 Million |
| BacTech Environmental Corporation (BCCEF) | $-1.02 Million | 0.00% | 0.00x | $7.36 Million |
| Befesa S.A (BFSAF) | $259.26 Million | -13.65% | 3.41x | $1.39 Billion |
| BluMetric Environmental Inc. (BLMWF) | $12.19 Million | 4.16% | 0.64x | $27.18 Million |
| BQE Water Inc (BTQNF) | $36.85 Million | -14.23% | 0.05x | $25.45 Million |