Skychain Technologies Inc
Skychain Technologies Inc. provides power and energy solutions for crypto miners in Canada. It manufactures and sells parts for cryptocurrency miner containers; and provides warehouse space, low-cost electricity, and maintenance and hosting services to crypto miners, as well as consulting services. The company was formerly known as Green Valley Mine Incorporated and changed its name to Skychain T… Read more
Skychain Technologies Inc (SKTCF) - Net Assets
Latest net assets as of December 2023: $-5.46 Million USD
Based on the latest financial reports, Skychain Technologies Inc (SKTCF) has net assets worth $-5.46 Million USD as of December 2023.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($1.05 Million) and total liabilities ($6.52 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 | $-5.46 Million |
| % of Total Assets | -518.84% |
| Annual Growth Rate | N/A |
| 5-Year Change | -1127.26% |
| 10-Year Change | N/A |
| Growth Volatility | 1084.46 |
Skychain Technologies Inc - Net Assets Trend (2001–2023)
This chart illustrates how Skychain Technologies 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 Skychain Technologies Inc (2001–2023)
The table below shows the annual net assets of Skychain Technologies Inc from 2001 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-03-31 | $-4.78 Million | -1269.97% |
| 2022-03-31 | $408.54K | +143.81% |
| 2021-03-31 | $-932.48K | -475.15% |
| 2020-03-31 | $-162.13K | -134.84% |
| 2019-03-31 | $465.29K | -58.17% |
| 2018-03-31 | $1.11 Million | +4050.37% |
| 2017-03-31 | $26.80K | +105.39% |
| 2016-03-31 | $-497.25K | -8.54% |
| 2015-03-31 | $-458.13K | -35.36% |
| 2014-03-31 | $-338.44K | +12.16% |
| 2013-03-31 | $-385.30K | -43.82% |
| 2012-03-31 | $-267.90K | -140.11% |
| 2011-03-31 | $667.92K | -12.36% |
| 2010-03-31 | $762.10K | +71.79% |
| 2009-03-31 | $443.61K | -22.12% |
| 2008-03-31 | $569.59K | +4.08% |
| 2007-03-31 | $547.24K | +20.71% |
| 2006-03-31 | $453.35K | +7.58% |
| 2005-03-31 | $421.40K | -44.01% |
| 2004-03-31 | $752.67K | +14.64% |
| 2003-03-31 | $656.53K | +22.53% |
| 2002-03-31 | $535.79K | +24.58% |
| 2001-03-31 | $430.10K | -- |
Equity Component Analysis
This analysis shows how different components contribute to Skychain Technologies 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 2071158200.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (March 2023)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $14.94 Million | % |
| Other Comprehensive Income | $1.70 Million | % |
| Other Components | $598.77K | % |
| Total Equity | $-4.78 Million | 100.00% |
Skychain Technologies Inc Competitors by Market Cap
The table below lists competitors of Skychain Technologies Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
FERNHEIZWERK NEUK
BE:FHW
|
$198.79K |
|
Lowell Farms Inc
OTCQB:LOWLF
|
$198.86K |
|
TOKYO TATEMONO CO
MU:T6R
|
$199.01K |
|
elexxion AG
XETRA:E8X
|
$199.10K |
|
NEWPLATINUM
XBOT:NGPT-ETF
|
$198.71K |
|
Better Plant Sciences Inc
PINK:VEGGD
|
$198.71K |
|
CBTO
BATS:CBTO
|
$198.65K |
|
Sydinv Formue Balance Akk A
CO:SYVFBAKKA
|
$198.64K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Skychain Technologies Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 408,535 to -4,779,735, a change of -5,188,270 (-1270.0%).
- Net loss of 5,290,930 reduced equity.
- New share issuances of 1,158,140 increased equity.
- Other comprehensive income decreased equity by 137,388.
- Other factors decreased equity by 918,092.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-5.29 Million | -110.7% |
| Share Issuances | $1.16 Million | +24.23% |
| Other Comprehensive Income | $-137.39K | -2.87% |
| Other Changes | $-918.09K | -19.21% |
| Total Change | $- | -1269.97% |
Book Value vs Market Value Analysis
This analysis compares Skychain Technologies 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
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2001-03-31 | $0.97 | $0.01 | x |
| 2002-03-31 | $1.15 | $0.01 | x |
| 2003-03-31 | $1.14 | $0.01 | x |
| 2004-03-31 | $1.18 | $0.01 | x |
| 2005-03-31 | $0.62 | $0.01 | x |
| 2006-03-31 | $0.65 | $0.01 | x |
| 2007-03-31 | $0.68 | $0.01 | x |
| 2008-03-31 | $0.66 | $0.01 | x |
| 2009-03-31 | $0.49 | $0.01 | x |
| 2010-03-31 | $0.66 | $0.01 | x |
| 2011-03-31 | $0.46 | $0.01 | x |
| 2012-03-31 | $-0.19 | $0.01 | x |
| 2013-03-31 | $-0.27 | $0.01 | x |
| 2014-03-31 | $-0.17 | $0.01 | x |
| 2015-03-31 | $-0.18 | $0.01 | x |
| 2016-03-31 | $-0.19 | $0.01 | x |
| 2017-03-31 | $0.01 | $0.01 | x |
| 2018-03-31 | $0.30 | $0.01 | x |
| 2019-03-31 | $0.09 | $0.01 | x |
| 2020-03-31 | $-0.02 | $0.01 | x |
| 2021-03-31 | $-0.07 | $0.01 | x |
| 2022-03-31 | $0.02 | $0.01 | x |
| 2023-03-31 | $-0.18 | $0.01 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Skychain Technologies 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): 0.00%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -1348.10%
- • Asset Turnover: 0.24x
- • Equity Multiplier: 0.00x
- Recent ROE (0.00%) is above the historical average (-95.84%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2001 | -69.46% | 0.00% | 0.00x | 1.26x | $-341.76K |
| 2002 | -8.62% | 0.00% | 0.00x | 1.08x | $-99.77K |
| 2003 | -11.48% | 0.00% | 0.00x | 1.03x | $-141.04K |
| 2004 | -15.58% | 0.00% | 0.00x | 1.03x | $-192.55K |
| 2005 | -88.64% | 0.00% | 0.00x | 1.33x | $-415.69K |
| 2006 | -22.67% | 0.00% | 0.00x | 1.40x | $-148.11K |
| 2007 | -29.67% | 0.00% | 0.00x | 1.44x | $-217.09K |
| 2008 | -13.51% | 0.00% | 0.00x | 1.49x | $-133.93K |
| 2009 | -29.54% | 0.00% | 0.00x | 1.92x | $-175.41K |
| 2010 | -9.84% | 0.00% | 0.00x | 1.11x | $-151.21K |
| 2011 | -14.10% | 0.00% | 0.00x | 1.25x | $-160.97K |
| 2012 | 0.00% | 0.00% | 0.00x | 0.00x | $-909.03K |
| 2013 | 0.00% | 0.00% | 0.00x | 0.00x | $-78.87K |
| 2014 | 0.00% | 0.00% | 0.00x | 0.00x | $-43.39K |
| 2015 | 0.00% | 0.00% | 0.00x | 0.00x | $-73.87K |
| 2016 | 0.00% | 0.00% | 0.00x | 0.00x | $-93.33K |
| 2017 | -44.82% | 0.00% | 0.00x | 1.82x | $-14.69K |
| 2018 | -1.34% | 0.00% | 0.00x | 1.12x | $-126.10K |
| 2019 | -547.15% | -348.26% | 0.51x | 3.11x | $-2.59 Million |
| 2020 | 0.00% | -48.94% | 1.57x | 0.00x | $-926.63K |
| 2021 | 0.00% | -48.36% | 1.69x | 0.00x | $-893.81K |
| 2022 | -1297.92% | -2615.69% | 0.03x | 14.20x | $-5.34 Million |
| 2023 | 0.00% | -1348.10% | 0.24x | 0.00x | $-4.81 Million |
Industry Comparison
This section compares Skychain Technologies Inc's net assets metrics with peer companies in the Information Technology Services industry.
Industry Context
- Industry: Information Technology Services
- Average net assets among peers: $1,400,467,175
- Average return on equity (ROE) among peers: 13.58%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Skychain Technologies Inc (SKTCF) | $-5.46 Million | -69.46% | N/A | $198.78K |
| Accenture plc (ACN) | $8.19 Billion | 50.21% | 1.52x | $121.95 Billion |
| adesso SE (ADSGF) | $34.37 Million | 11.38% | 1.03x | $184.00 Million |
| Atlantic Energy Solutions Inc (AESO) | $1.19 Million | 45.06% | 4.65x | $69.73 |
| Atos SE (AEXAF) | $784.10 Million | 9.03% | 2.64x | $64.82K |
| AGILQ (AGILQ) | $79.87 Million | -25.27% | 1.69x | $5.00K |
| Alithya Group Inc (ALYAF) | $26.79 Million | -22.19% | 1.46x | $59.69 Million |
| Amadeus IT Group S.A (AMADF) | $2.65 Billion | 37.85% | 1.98x | $28.16 Billion |
| Amadeus IT Holding SA PK (AMADY) | $2.30 Billion | 29.77% | 2.05x | $24.80 Billion |
| Applied Digital Corporation (APLD) | $-2.53K | 0.00% | 0.00x | $6.50 Billion |
| Amper S.A. (APMRF) | $-57.50 Million | 0.00% | 0.00x | $216.95 Million |