Skye Petroleum Inc
Skye Petroleum, Inc. provides production chemical treatment services to oil companies in the United States. It offers production chemicals, which include solvents, dispersants, and wax inhibitors; cleaning compounds, such as degreasers; coiled tubing, including lubricants, scale control inhibitor products, viscosifiers, iron control agents, oxygen scavengers, H2S control scavengers, and corrosion… Read more
Skye Petroleum Inc (SKPO) - Net Assets
Latest net assets as of March 2025: $79.77K USD
Based on the latest financial reports, Skye Petroleum Inc (SKPO) has net assets worth $79.77K USD as of March 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($86.35K) and total liabilities ($6.58K). 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 | $79.77K |
| % of Total Assets | 92.38% |
| Annual Growth Rate | N/A |
| 5-Year Change | -77.36% |
| 10-Year Change | -88.48% |
| Growth Volatility | 13.64 |
Skye Petroleum Inc - Net Assets Trend (2008–2024)
This chart illustrates how Skye Petroleum 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 Skye Petroleum Inc (2008–2024)
The table below shows the annual net assets of Skye Petroleum Inc from 2008 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $109.58K | -44.90% |
| 2023-12-31 | $198.86K | -30.53% |
| 2022-12-31 | $286.27K | -25.36% |
| 2021-12-31 | $383.51K | -20.75% |
| 2020-12-31 | $483.90K | -16.01% |
| 2019-12-31 | $576.12K | -10.18% |
| 2018-12-31 | $641.42K | -9.36% |
| 2017-12-31 | $707.65K | -12.12% |
| 2016-12-31 | $805.25K | -15.37% |
| 2015-12-31 | $951.55K | -13.76% |
| 2014-12-31 | $1.10 Million | +15.29% |
| 2011-12-31 | $957.04K | -14.37% |
| 2010-12-31 | $1.12 Million | +609.34% |
| 2009-12-31 | $-219.42K | -66.10% |
| 2008-12-31 | $-132.10K | -- |
Equity Component Analysis
This analysis shows how different components contribute to Skye Petroleum 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 406799900.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $249.96K | 228.11% |
| Other Components | $13.77 Million | 12562.31% |
| Total Equity | $109.58K | 100.00% |
Skye Petroleum Inc Competitors by Market Cap
The table below lists competitors of Skye Petroleum Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
RCG HLDGS
BE:RL8
|
$47.96 |
|
BROCKMAN MINING
BE:WA2
|
$47.99 |
|
Chilco River Holdings Inc
PINK:CRVH
|
$48.06 |
|
XL Rent Inc
PINK:EMDF
|
$48.13 |
|
Downing Four Generalist Shs plc
LSE:D4G
|
$47.73 |
|
Modern Mobility Aids
PINK:MDRM
|
$47.30 |
|
Biome Technologies Plc
LSE:BIOM
|
$47.05 |
|
iSun, Inc.
NASDAQ:ISUNQ
|
$47.00 |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Skye Petroleum Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 198,862 to 109,580, a change of -89,282 (-44.9%).
- Net loss of 89,282 reduced equity.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-89.28K | -81.48% |
| Total Change | $- | -44.90% |
Book Value vs Market Value Analysis
This analysis compares Skye Petroleum 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: 12.09x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2008-12-31 | $0.00 | $0.01 | x |
| 2009-12-31 | $0.00 | $0.01 | x |
| 2010-12-31 | $0.00 | $0.01 | x |
| 2011-12-31 | $0.00 | $0.01 | x |
| 2015-12-31 | $0.00 | $0.01 | x |
| 2016-12-31 | $0.00 | $0.01 | x |
| 2017-12-31 | $0.00 | $0.01 | x |
| 2018-12-31 | $0.00 | $0.01 | x |
| 2019-12-31 | $0.00 | $0.01 | x |
| 2020-12-31 | $0.00 | $0.01 | x |
| 2021-12-31 | $0.00 | $0.01 | x |
| 2022-12-31 | $0.00 | $0.01 | x |
| 2023-12-31 | $0.00 | $0.01 | x |
| 2024-12-31 | $0.00 | $0.01 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Skye Petroleum 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): -81.48%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -119.41%
- • Asset Turnover: 0.64x
- • Equity Multiplier: 1.06x
- Recent ROE (-81.48%) is below the historical average (-31.81%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2008 | 0.00% | 0.00% | 0.00x | 0.00x | $13.09K |
| 2009 | 0.00% | 0.00% | 0.00x | 0.00x | $-204.35K |
| 2010 | -65.52% | 0.00% | 0.00x | 1.13x | $-844.01K |
| 2011 | -61.29% | -3527.18% | 0.01x | 1.23x | $-682.31K |
| 2014 | -74.64% | -100.61% | 0.74x | 1.01x | $-933.87K |
| 2015 | -17.17% | -100.46% | 0.17x | 1.02x | $-258.49K |
| 2016 | -18.48% | -159.32% | 0.11x | 1.04x | $-229.32K |
| 2017 | -13.79% | -36.94% | 0.35x | 1.05x | $-168.36K |
| 2018 | -10.33% | -26.42% | 0.38x | 1.02x | $-130.37K |
| 2019 | -11.33% | -44.44% | 0.25x | 1.01x | $-122.91K |
| 2020 | -19.06% | -487.10% | 0.04x | 1.01x | $-140.61K |
| 2021 | -26.18% | -6357.88% | 0.00x | 1.01x | $-138.74K |
| 2022 | -33.97% | -549.86% | 0.06x | 1.02x | $-125.87K |
| 2023 | -43.95% | -180.58% | 0.23x | 1.04x | $-107.29K |
| 2024 | -81.48% | -119.41% | 0.64x | 1.06x | $-100.24K |
Industry Comparison
This section compares Skye Petroleum Inc's net assets metrics with peer companies in the Oil & Gas Equipment & Services industry.
Industry Context
- Industry: Oil & Gas Equipment & Services
- Average net assets among peers: $5,464,315,253
- Average return on equity (ROE) among peers: -34.58%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Skye Petroleum Inc (SKPO) | $79.77K | 0.00% | 0.08x | $47.76 |
| ProFrac Holding Corp. (ACDC) | $1.33 Billion | -7.35% | 1.31x | $222.04 Million |
| Atlas Energy Solutions Inc. (AESI) | $867.82 Million | 18.44% | 0.45x | $1.34 Billion |
| Akastor ASA (AKKVF) | $13.55 Billion | 9.27% | 2.55x | $54.21 Million |
| Andatee China Marine Fuel Services (AMCF) | $18.84 Million | 34.05% | 1.21x | $0.98 |
| Archrock Inc (AROC) | $2.23 Billion | -42.52% | 1.73x | $6.15 Billion |
| Anton Oilfield Services Group (ATONY) | $2.15 Billion | -9.22% | 2.02x | $381.63 Million |
| Auri Inc (AURI) | $-2.74 Million | 0.00% | 0.00x | $1.91 |
| Baker Hughes Co (BKR) | $34.50 Billion | 0.37% | 0.55x | $56.21 Billion |
| Kbridge Energy Corp (BMMCF) | $-341.75K | 0.00% | 0.00x | $880.54 |
| Bri-Chem Corp (BRYFF) | $131.44K | -348.83% | 2.61x | $4.32 Million |