PowerBand Solutions Inc
AmeriTrust Financial Technologies Inc. develops, markets, and sells access to cloud-based transaction platforms to finance and lease new and used vehicles. The company provides DrivrzFinancial, a new and used vehicle leasing platform. The company was formerly known as Powerband Solutions Inc. and changed its name to AmeriTrust Financial Technologies Inc. in October 2024. AmeriTrust Financial Tech… Read more
PowerBand Solutions Inc (PWWBF) - Net Assets
Latest net assets as of December 2024: $5.62 Million USD
Based on the latest financial reports, PowerBand Solutions Inc (PWWBF) has net assets worth $5.62 Million USD as of December 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($12.62 Million) and total liabilities ($7.00 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 | $5.62 Million |
| % of Total Assets | 44.54% |
| Annual Growth Rate | 60.1% |
| 5-Year Change | 538.89% |
| 10-Year Change | 5981.88% |
| Growth Volatility | 332.25 |
PowerBand Solutions Inc - Net Assets Trend (2011–2024)
This chart illustrates how PowerBand 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 PowerBand Solutions Inc (2011–2024)
The table below shows the annual net assets of PowerBand Solutions Inc from 2011 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $5.62 Million | +141.36% |
| 2023-12-31 | $-13.59 Million | -284.42% |
| 2022-12-31 | $7.37 Million | +62.54% |
| 2021-12-31 | $4.53 Million | +415.38% |
| 2020-12-31 | $879.80K | +162.45% |
| 2019-12-31 | $-1.41 Million | -157.29% |
| 2018-12-31 | $2.46 Million | +424.06% |
| 2017-12-31 | $-758.79K | -1539.57% |
| 2017-10-31 | $-46.28K | -150.08% |
| 2016-12-31 | $92.42K | -35.67% |
| 2015-12-31 | $143.68K | -31.05% |
| 2014-12-31 | $208.37K | -19.25% |
| 2013-12-31 | $258.03K | +924.43% |
| 2012-12-31 | $25.19K | +103.59% |
| 2011-12-31 | $12.37K | -- |
Equity Component Analysis
This analysis shows how different components contribute to PowerBand 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 9118816400.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $78.60 Million | 1398.41% |
| Other Comprehensive Income | $18.32 Million | 326.00% |
| Total Equity | $5.62 Million | 100.00% |
PowerBand Solutions Inc Competitors by Market Cap
The table below lists competitors of PowerBand Solutions Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
GoHealth Inc.
NASDAQ:GOCO
|
$16.03 Million |
|
Sapmer
PA:ALMER
|
$16.04 Million |
|
Mink Therapeutics Inc
NASDAQ:INKT
|
$16.05 Million |
|
Sumber Energi Andalan Tbk PT
JK:ITMA
|
$16.05 Million |
|
STPDF
PINK:STPDF
|
$16.03 Million |
|
Aemulus Holdings Bhd
KLSE:0181
|
$16.03 Million |
|
Q-Gold Resources Ltd
V:QGR
|
$16.03 Million |
|
Papaya Growth Opportunity Corp I
NASDAQ:PPYA
|
$16.03 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in PowerBand Solutions Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from -12,021,951 to 5,620,932, a change of 17,642,883.
- Net income of 6,172,147 contributed positively to equity growth.
- Other comprehensive income increased equity by 120,932.
- Other factors increased equity by 11,349,804.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $6.17 Million | +109.81% |
| Other Comprehensive Income | $120.93K | +2.15% |
| Other Changes | $11.35 Million | +201.92% |
| Total Change | $- | % |
Book Value vs Market Value Analysis
This analysis compares PowerBand 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
- Current price-to-book ratio: 3.37x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has increased from 1.28x to 3.37x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2011-12-31 | $0.02 | $0.03 | x |
| 2012-12-31 | $0.05 | $0.03 | x |
| 2013-12-31 | $0.22 | $0.03 | x |
| 2014-12-31 | $0.14 | $0.03 | x |
| 2015-12-31 | $0.10 | $0.03 | x |
| 2016-12-31 | $0.08 | $0.03 | x |
| 2017-10-31 | $0.00 | $0.03 | x |
| 2017-12-31 | $-0.03 | $0.03 | x |
| 2018-12-31 | $0.05 | $0.03 | x |
| 2019-12-31 | $-0.02 | $0.03 | x |
| 2020-12-31 | $-0.01 | $0.03 | x |
| 2021-12-31 | $0.02 | $0.03 | x |
| 2022-12-31 | $0.03 | $0.03 | x |
| 2023-12-31 | $-0.04 | $0.03 | x |
| 2024-12-31 | $0.01 | $0.03 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently PowerBand 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): 109.81%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 285.63%
- • Asset Turnover: 0.17x
- • Equity Multiplier: 2.25x
- Recent ROE (109.81%) is above the historical average (-96.04%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2011 | -312.71% | 0.00% | 0.00x | 1.28x | $-39.93K |
| 2012 | -79.38% | 0.00% | 0.00x | 1.47x | $-22.51K |
| 2013 | -38.59% | 0.00% | 0.00x | 1.04x | $-125.38K |
| 2014 | -23.84% | 0.00% | 0.00x | 1.03x | $-70.50K |
| 2015 | -45.03% | -50.07% | 0.75x | 1.20x | $-79.06K |
| 2016 | -55.46% | -45.43% | 0.99x | 1.23x | $-60.50K |
| 2017 | 0.00% | 0.00% | 0.00x | 0.00x | $-134.07K |
| 2017 | 0.00% | -1340.80% | 0.13x | 0.00x | $-2.22 Million |
| 2018 | -267.41% | -2331.70% | 0.08x | 1.49x | $-6.82 Million |
| 2019 | 0.00% | -351.55% | 0.22x | 0.00x | $-6.86 Million |
| 2020 | 0.00% | -329.22% | 0.22x | 0.00x | $-9.90 Million |
| 2021 | -385.26% | -62.49% | 1.17x | 5.26x | $-15.35 Million |
| 2022 | -342.77% | -213.97% | 0.74x | 2.16x | $-28.10 Million |
| 2023 | 0.00% | -723.95% | 0.42x | 0.00x | $-19.56 Million |
| 2024 | 109.81% | 285.63% | 0.17x | 2.25x | $5.61 Million |
Industry Comparison
This section compares PowerBand Solutions Inc's net assets metrics with peer companies in the Software - Application industry.
Industry Context
- Industry: Software - Application
- Average net assets among peers: $1,558,090,989
- Average return on equity (ROE) among peers: -47.81%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| PowerBand Solutions Inc (PWWBF) | $5.62 Million | -312.71% | 1.25x | $16.03 Million |
| Abaxx Technologies Inc (ABXXF) | $42.03 Million | -128.66% | 0.23x | $201.28 Million |
| Acceleware Ltd (ACWRF) | $2.15 Million | -4.58% | 1.86x | $8.62 Million |
| Adobe Systems Incorporated (ADBE) | $6.67 Billion | 12.49% | 0.51x | $104.01 Billion |
| Adcore Inc (ADCOF) | $9.73 Million | -22.96% | 0.49x | $3.03 Million |
| ADEIA CORP (ADEA) | $618.15 Million | -0.05% | 1.00x | $2.50 Billion |
| Automatic Data Processing Inc (ADP) | $6.19 Billion | 22.71% | 4.21x | $84.26 Billion |
| Autodesk Inc (ADSK) | $2.04 Billion | 12.11% | 1.11x | $48.93 Billion |
| Allied Security Innovations Inc (ADSV) | $445.50K | -270.60% | 3.60x | $0.93 |
| AudioEye Inc (AEYE) | $10.59 Million | -98.53% | 1.31x | $49.31 Million |
| Affinity Networks Inc (AFFN) | $-470.19K | 0.00% | 0.00x | $0.97 |