RONN Inc.
RONN Inc. focuses on the design and development, manufacture, marketing, and sale of all-electric, hydrogen-fuel cell, and zero-emission new energy vehicles (NEVs) in the United States, China, and internationally. It intends to offer hydrogen fuel cell NEVs, including sports cars, sedans, SUVs, trucks, and buses. The company was founded in 2013 and is based in Scottsdale, Arizona.
RONN Inc. (RONN) - Net Assets
Latest net assets as of December 2024: $9.82 Million USD
Based on the latest financial reports, RONN Inc. (RONN) has net assets worth $9.82 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 ($19.80 Million) and total liabilities ($9.99 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 | $9.82 Million |
| % of Total Assets | 49.57% |
| Annual Growth Rate | 1.85% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 60.6 |
RONN Inc. - Net Assets Trend (1985–2024)
This chart illustrates how RONN 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 RONN Inc. (1985–2024)
The table below shows the annual net assets of RONN Inc. from 1985 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $9.82 Million | +2125354.79% |
| 2022-12-31 | $-461.94 | +79.77% |
| 2018-12-31 | $-2.28K | -1761.43% |
| 2016-12-31 | $-122.65 | -94.74% |
| 2015-12-31 | $-62.98 | +100.00% |
| 2004-12-31 | $-5.82 Million | -26.76% |
| 2003-12-31 | $-4.59 Million | -31.65% |
| 2002-12-31 | $-3.49 Million | -35.35% |
| 2001-12-31 | $-2.58 Million | +1.79% |
| 2000-12-31 | $-2.62 Million | -0.92% |
| 1999-12-31 | $-2.60 Million | -23.87% |
| 1998-12-31 | $-2.10 Million | -88.93% |
| 1997-12-31 | $-1.11 Million | +2.54% |
| 1996-12-31 | $-1.14 Million | -570.59% |
| 1995-12-31 | $-170.00K | -115.45% |
| 1994-12-31 | $1.10 Million | -38.89% |
| 1993-12-31 | $1.80 Million | -14.29% |
| 1992-12-31 | $2.10 Million | -8.70% |
| 1991-12-31 | $2.30 Million | -62.90% |
| 1990-12-31 | $6.20 Million | -28.74% |
| 1989-12-31 | $8.70 Million | +1.16% |
| 1988-12-31 | $8.60 Million | -10.42% |
| 1987-12-31 | $9.60 Million | -15.79% |
| 1986-12-31 | $11.40 Million | +137.50% |
| 1985-12-31 | $4.80 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to RONN 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 1865.4% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $2.65 Million | 26.99% |
| Other Comprehensive Income | $4.12 Million | 41.93% |
| Other Components | $20.71 Million | 210.91% |
| Total Equity | $9.82 Million | 100.00% |
RONN Inc. Competitors by Market Cap
The table below lists competitors of RONN Inc. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
RTS Oil Holdings Inc
PINK:RTSO
|
$1.83 |
|
Fidelity Holding Corp
PINK:FDHC
|
$1.83 |
|
Oct 88 Res Inc
PINK:OCTX
|
$1.83 |
|
TransGlobal Assets Inc
PINK:TMSH
|
$1.83 |
|
Icon Media Holdings Inc
PINK:ICNM
|
$1.83 |
|
Sortis Holdings Inc
PINK:SOHI
|
$1.82 |
|
Advanced Powerline Technologies Inc
PINK:APWL
|
$1.82 |
|
Principal Solar Inc
PINK:PSWW
|
$1.82 |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in RONN Inc.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2024, total equity changed from -461 to 9,817,402, a change of 9,817,863.
- Net loss of 3,414,000 reduced equity.
- Other comprehensive income increased equity by 4,116,367.
- Other factors increased equity by 9,115,496.
Equity Change Factors (2022 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-3.41 Million | -34.77% |
| Other Comprehensive Income | $4.12 Million | +41.93% |
| Other Changes | $9.12 Million | +92.85% |
| Total Change | $- | % |
Book Value vs Market Value Analysis
This analysis compares RONN 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: 0.02x
- 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 |
|---|---|---|---|
| 1985-12-31 | $1.23 | $0.00 | x |
| 1986-12-31 | $2.76 | $0.00 | x |
| 1987-12-31 | $2.40 | $0.00 | x |
| 1988-12-31 | $2.20 | $0.00 | x |
| 1989-12-31 | $2.18 | $0.00 | x |
| 1990-12-31 | $1.43 | $0.00 | x |
| 1991-12-31 | $0.56 | $0.00 | x |
| 1992-12-31 | $0.42 | $0.00 | x |
| 1993-12-31 | $0.41 | $0.00 | x |
| 1994-12-31 | $0.25 | $0.00 | x |
| 1995-12-31 | $-0.04 | $0.00 | x |
| 1996-12-31 | $-0.27 | $0.00 | x |
| 1997-12-31 | $-0.38 | $0.00 | x |
| 1998-12-31 | $-0.51 | $0.00 | x |
| 1999-12-31 | $-0.56 | $0.00 | x |
| 2000-12-31 | $-0.67 | $0.00 | x |
| 2001-12-31 | $-0.55 | $0.00 | x |
| 2002-12-31 | $-0.84 | $0.00 | x |
| 2003-12-31 | $-1.11 | $0.00 | x |
| 2004-12-31 | $-1.41 | $0.00 | x |
| 2015-12-31 | $0.00 | $0.00 | x |
| 2016-12-31 | $0.00 | $0.00 | x |
| 2017-12-31 | $-0.01 | $0.00 | x |
| 2018-12-31 | $-0.02 | $0.00 | x |
| 2021-12-31 | $0.00 | $0.00 | x |
| 2022-12-31 | $-0.03 | $0.00 | x |
| 2024-12-31 | $0.01 | $0.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently RONN 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): -34.77%
- 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: 2.02x
- Recent ROE (-34.77%) is below the historical average (-17.18%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1985 | 16.33% | 6.56% | 1.88x | 1.33x | $310.00K |
| 1986 | 51.75% | 10.57% | 2.33x | 2.10x | $4.76 Million |
| 1987 | -20.00% | -6.15% | 1.86x | 1.75x | $-2.85 Million |
| 1988 | -10.47% | -2.74% | 2.38x | 1.60x | $-1.76 Million |
| 1989 | -6.90% | -2.07% | 1.85x | 1.80x | $-1.47 Million |
| 1990 | -16.13% | -5.13% | 1.51x | 2.08x | $-1.62 Million |
| 1991 | -169.57% | -29.10% | 1.37x | 4.26x | $-4.13 Million |
| 1992 | -9.52% | -1.46% | 1.41x | 4.62x | $-410.00K |
| 1993 | -22.22% | -2.90% | 1.77x | 4.33x | $-580.00K |
| 1994 | -63.64% | -6.42% | 1.51x | 6.55x | $-810.00K |
| 1995 | 0.00% | -14.03% | 1.05x | 0.00x | $-1.26 Million |
| 1996 | 0.00% | -13.98% | 0.87x | 0.00x | $-856.00K |
| 1997 | 0.00% | 0.33% | 1.11x | 0.00x | $140.10K |
| 1998 | 0.00% | -11.97% | 1.28x | 0.00x | $-778.10K |
| 1999 | 0.00% | -7.14% | 1.08x | 0.00x | $-340.00K |
| 2000 | 0.00% | 0.18% | 1.18x | 0.00x | $278.40K |
| 2001 | 0.00% | 0.55% | 1.20x | 0.00x | $304.70K |
| 2002 | 0.00% | -9.87% | 1.34x | 0.00x | $-562.20K |
| 2003 | 0.00% | -12.61% | 1.45x | 0.00x | $-644.80K |
| 2004 | 0.00% | -14.40% | 1.36x | 0.00x | $-646.90K |
| 2015 | 0.00% | 0.00% | 0.00x | 0.00x | $-31.68 |
| 2016 | 0.00% | 0.00% | 0.00x | 0.00x | $-47.41 |
| 2017 | 0.00% | 0.00% | 0.00x | 0.00x | $-1.70K |
| 2018 | 0.00% | 0.00% | 0.00x | 0.00x | $-109.75 |
| 2021 | -178.82% | 0.00% | 0.00x | 1.00x | $-24.87 |
| 2022 | 0.00% | 0.00% | 0.00x | 0.00x | $-458.90 |
| 2024 | -34.77% | 0.00% | 0.00x | 2.02x | $-4.40 Million |
Industry Comparison
This section compares RONN Inc.'s net assets metrics with peer companies in the Software - Application industry.
Industry Context
- Industry: Software - Application
- Average net assets among peers: $679,817,884
- Average return on equity (ROE) among peers: -17.13%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| RONN Inc. (RONN) | $9.82 Million | 16.33% | 1.02x | $1.83 |
| Abaxx Technologies Inc (ABXXF) | $42.03 Million | -128.66% | 0.23x | $201.28 Million |
| Acceleware Ltd (ACWRF) | $849.93K | -14.47% | 0.09x | $8.62 Million |
| Adobe Systems Incorporated (ADBE) | $1.10 Billion | 24.20% | 0.41x | $103.05 Billion |
| Adcore Inc (ADCOF) | $1.19 Million | -17.83% | 0.01x | $3.03 Million |
| ADEIA CORP (ADEA) | $572.18 Million | 12.20% | 0.08x | $2.45 Billion |
| Automatic Data Processing Inc (ADP) | $5.32 Billion | 25.04% | 3.76x | $84.01 Billion |
| Autodesk Inc (ADSK) | $-256.00 Million | 0.00% | 0.00x | $48.93 Billion |
| Allied Security Innovations Inc (ADSV) | $-2.61 Million | 0.00% | 0.00x | $0.96 |
| AudioEye Inc (AEYE) | $17.60 Million | -71.80% | 0.67x | $49.81 Million |
| Affinity Networks Inc (AFFN) | $-470.19K | 0.00% | 0.00x | $0.93 |