Solar Integrated Roofing Corp
Solar Integrated Roofing Corporation operates as an integrated and single-source solar power, EV charging, microgrids, and roofing systems installation company in the United States. It serves government, commercial and residential facilities, and properties. The company was formerly known as Landstar Development Group, Inc. and changed its name to Solar Integrated Roofing Corporation in November … Read more
Solar Integrated Roofing Corp (SIRC) - Net Assets
Latest net assets as of September 2024: $-34.04 Million USD
Based on the latest financial reports, Solar Integrated Roofing Corp (SIRC) has net assets worth $-34.04 Million USD as of September 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($9.00 Million) and total liabilities ($43.03 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 | $-34.04 Million |
| % of Total Assets | -378.41% |
| Annual Growth Rate | N/A |
| 5-Year Change | N/A |
| 10-Year Change | -16204.76% |
| Growth Volatility | 1886.12 |
Solar Integrated Roofing Corp - Net Assets Trend (2007–2023)
This chart illustrates how Solar Integrated Roofing Corp's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Solar Integrated Roofing Corp (2007–2023)
The table below shows the annual net assets of Solar Integrated Roofing Corp from 2007 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | $-24.70 Million | -127.23% |
| 2022-12-31 | $90.71 Million | +86.65% |
| 2021-12-31 | $48.60 Million | +4415.58% |
| 2020-12-31 | $-1.13 Million | +63.39% |
| 2019-12-31 | $-3.08 Million | -75.56% |
| 2018-12-31 | $-1.75 Million | -11.81% |
| 2017-12-31 | $-1.57 Million | -117.19% |
| 2016-12-31 | $9.11 Million | +3.22% |
| 2015-12-31 | $8.83 Million | +5657.79% |
| 2014-12-31 | $153.36K | -59.61% |
| 2009-12-31 | $379.69K | -19.27% |
| 2008-12-31 | $470.34K | -60.78% |
| 2007-12-31 | $1.20 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Solar Integrated Roofing Corp'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 12238132000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $32.61K | % |
| Other Comprehensive Income | $-32.61K | % |
| Other Components | $99.62 Million | % |
| Total Equity | $-23.82 Million | 100.00% |
Solar Integrated Roofing Corp Competitors by Market Cap
The table below lists competitors of Solar Integrated Roofing Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Strategic Equity Capital Closed Fund
LSE:SEC
|
$417.81 |
|
KENYA AIRWAYS LTD
USE:KA
|
$418.50 |
|
West River Berhad
KLSE:0353
|
$419.82 |
|
PMCK Berhad
KLSE:0363
|
$421.93 |
|
Easycall Communications Philippines Inc
PSE:ECP
|
$417.26 |
|
Decimus Oil Corp.
V:WCSB
|
$417.00 |
|
CAPITAL METALS LS-002
F:N9R
|
$416.79 |
|
Dear Cashmere Holding Company
PINK:DRCR
|
$416.35 |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Solar Integrated Roofing Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 91,581,489 to -23,823,635, a change of -115,405,124 (-126.0%).
- Net loss of 27,394,956 reduced equity.
- Other comprehensive income decreased equity by 2,708,607.
- Other factors decreased equity by 85,301,561.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-27.39 Million | -114.99% |
| Other Comprehensive Income | $-2.71 Million | -11.37% |
| Other Changes | $-85.30 Million | -358.05% |
| Total Change | $- | -126.01% |
Book Value vs Market Value Analysis
This analysis compares Solar Integrated Roofing Corp'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 |
|---|---|---|---|
| 2007-12-31 | $78.35 | $0.00 | x |
| 2008-12-31 | $27.52 | $0.00 | x |
| 2009-12-31 | $21.46 | $0.00 | x |
| 2014-12-31 | $6.21 | $0.00 | x |
| 2015-12-31 | $10.81 | $0.00 | x |
| 2016-12-31 | $11.16 | $0.00 | x |
| 2017-12-31 | $-2.06 | $0.00 | x |
| 2018-12-31 | $-2.70 | $0.00 | x |
| 2019-12-31 | $-3.66 | $0.00 | x |
| 2020-12-31 | $-0.85 | $0.00 | x |
| 2021-12-31 | $15.42 | $0.00 | x |
| 2022-12-31 | $25.73 | $0.00 | x |
| 2023-12-31 | $-2.64 | $0.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Solar Integrated Roofing Corp 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: -73.43%
- • Asset Turnover: 1.77x
- • Equity Multiplier: 0.00x
- Recent ROE (0.00%) is above the historical average (-42.52%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2007 | -61.74% | 0.00% | 0.00x | 1.01x | $-860.24K |
| 2008 | -159.52% | 0.00% | 0.00x | 1.00x | $-797.30K |
| 2009 | -108.63% | 0.00% | 0.00x | 1.01x | $-450.44K |
| 2014 | -159.73% | 0.00% | 0.00x | 4.36x | $-260.30K |
| 2015 | 0.53% | 3.14% | 0.15x | 1.17x | $-835.80K |
| 2016 | -3.30% | -4.38% | 0.65x | 1.16x | $-1.21 Million |
| 2017 | 0.00% | -12.39% | 14.30x | 0.00x | $-720.59K |
| 2018 | 0.00% | -21.49% | 9.83x | 0.00x | $-893.90K |
| 2019 | 0.00% | -50.25% | 1.26x | 0.00x | $-4.28 Million |
| 2020 | 0.00% | -34.68% | 0.81x | 0.00x | $-5.80 Million |
| 2021 | 28.90% | 16.70% | 0.81x | 2.15x | $9.20 Million |
| 2022 | -89.31% | -147.38% | 0.38x | 1.60x | $-90.95 Million |
| 2023 | 0.00% | -73.43% | 1.77x | 0.00x | $-25.01 Million |
Industry Comparison
This section compares Solar Integrated Roofing Corp's net assets metrics with peer companies in the Solar industry.
Industry Context
- Industry: Solar
- Average net assets among peers: $424,642,617
- Average return on equity (ROE) among peers: 1.08%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Solar Integrated Roofing Corp (SIRC) | $-34.04 Million | -61.74% | N/A | $417.26 |
| ABCO Energy Inc (ABCE) | $-190.65K | 0.00% | 0.00x | $11.90K |
| Advantagewon Oil Corporation (ANTGF) | $-1.30 Million | 0.00% | 0.00x | $547.13K |
| Advanced Powerline Technologies Inc (APWL) | $6.31 Million | -45.47% | 0.40x | $1.82 |
| Array Technologies Inc (ARRY) | $-25.72 Million | 0.00% | 0.00x | $972.65 Million |
| Ascent Solar Technologies, Inc. Common Stock (ASTI) | $139.62 Million | -9.47% | 0.10x | $18.06 Million |
| Beam Global (BEEM) | $-1.41 Million | 0.00% | 0.00x | $26.89 Million |
| Clear Blue Technologies International Inc (CBUTF) | $-215.24K | 0.00% | 0.00x | $834.08K |
| China Changjiang Mining & New Energy Co Ltd (CHJI) | $924.23K | 64.84% | 0.83x | $2.91K |
| Canadian Solar Inc (CSIQ) | $4.15 Billion | 0.87% | 2.26x | $868.69 Million |
| Complete Solaria, Inc. Common Stock (CSLR) | $-21.39 Million | 0.00% | 0.00x | $89.72 Million |