RDARS Inc
RDARS Inc., an early-stage drone technology company, engages in the development and sale of an autonomous drone security system for the residential, commercial, and industrial applications. It offers proprietary drone aircraft and technology solutions that enable real-time alarm response, verification, intervention, reporting, and evidence recording. The company was incorporated in 2019 and is he… Read more
RDARS Inc (RDRSF) - Net Assets
Latest net assets as of August 2023: $-1.81 Million USD
Based on the latest financial reports, RDARS Inc (RDRSF) has net assets worth $-1.81 Million USD as of August 2023.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($1.77 Million) and total liabilities ($3.58 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 | $-1.81 Million |
| % of Total Assets | -102.18% |
| Annual Growth Rate | N/A |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | N/A |
RDARS Inc - Net Assets Trend (2020–2022)
This chart illustrates how RDARS 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 RDARS Inc (2020–2022)
The table below shows the annual net assets of RDARS Inc from 2020 to 2022.
| Year | Net Assets | Change |
|---|---|---|
| 2022-11-30 | $151.47K | +106.21% |
| 2021-11-30 | $-2.44 Million | -376.23% |
| 2020-11-30 | $-512.59K | -- |
Equity Component Analysis
This analysis shows how different components contribute to RDARS 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 500812000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (November 2022)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $5.12 Million | 3382.63% |
| Other Comprehensive Income | $3.90 Million | 2574.08% |
| Total Equity | $151.47K | 100.00% |
RDARS Inc Competitors by Market Cap
The table below lists competitors of RDARS Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Wialan Technologies
PINK:WLAN
|
$9.57 |
|
FRNRF
PINK:FRNRF
|
$9.61 |
|
Greenrise Global Brands Inc
STU:C4T
|
$9.62 |
|
Hawaiian Hospitality Group Inc
PINK:HHGI
|
$9.65 |
|
Manati Industries Inc
PINK:MNII
|
$9.55 |
|
ECO-TEK HLDGS
BE:E1T
|
$9.51 |
|
Graystone Company Inc
PINK:GYST
|
$9.47 |
|
GTI RES
BE:3G4
|
$9.46 |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in RDARS Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2021 to 2022, total equity changed from -2,441,112 to 151,473, a change of 2,592,585.
- Net loss of 2,393,898 reduced equity.
- New share issuances of 2,682,500 increased equity.
- Other comprehensive income increased equity by 3,610,336.
- Other factors decreased equity by 1,306,353.
Equity Change Factors (2021 to 2022)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-2.39 Million | -1580.41% |
| Share Issuances | $2.68 Million | +1770.94% |
| Other Comprehensive Income | $3.61 Million | +2383.48% |
| Other Changes | $-1.31 Million | -862.43% |
| Total Change | $- | % |
Book Value vs Market Value Analysis
This analysis compares RDARS 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: 0.09x
- 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.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2020-11-30 | $-0.03 | $0.00 | x |
| 2021-11-30 | $-0.15 | $0.00 | x |
| 2022-11-30 | $0.01 | $0.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently RDARS 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): -1580.41%
- 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: 14.44x
- Recent ROE (-1580.41%) is below the historical average (-526.80%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2020 | 0.00% | 0.00% | 0.00x | 0.00x | $-1.15 Million |
| 2021 | 0.00% | 0.00% | 0.00x | 0.00x | $-1.96 Million |
| 2022 | -1580.41% | 0.00% | 0.00x | 14.44x | $-2.41 Million |
Industry Comparison
This section compares RDARS Inc's net assets metrics with peer companies in the Computer Hardware industry.
Industry Context
- Industry: Computer Hardware
- Average net assets among peers: $102,165,222,837
- Average return on equity (ROE) among peers: -82.12%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| RDARS Inc (RDRSF) | $-1.81 Million | 0.00% | N/A | $9.57 |
| Acer Incorporated (ACEYY) | $75.03 Billion | -3.88% | 2.02x | $3.26 Billion |
| AGM Group Holdings Inc Class A (AGMH) | $4.25 Million | 55.33% | 1.47x | $2.33 Million |
| AstroNova Inc (ALOT) | $33.90 Million | 8.85% | 0.18x | $49.05 Million |
| Arista Networks (ANET) | $788.15 Million | 15.37% | 0.47x | $138.43 Billion |
| Bgin Blockchain Limited Class A Ordinary Shares (BGIN) | $148.92 Million | 93.81% | 0.29x | $27.14K |
| Braiin Limited Common Stock (BRAI) | $-2.83 Million | 0.00% | 0.00x | $46.37 Million |
| BTC Digital Ltd. (BTCT) | $36.58 Million | -1050.71% | 23.21x | $9.90 Million |
| Canon Inc. (CAJPY) | $945.07 Billion | 3.28% | 1.35x | $24.42 Billion |
| Canaan Inc (CAN) | $543.31 Million | 56.77% | 0.63x | $346.91 Million |
| CCUR Holdings Inc (CCUR) | $-1.50 Million | 0.00% | 0.00x | $6.74 Million |