SLGWQ
SLANG Worldwide Inc. operates as a cannabis consumer packaged goods company in worldwide. It offers cannabis vaporizers in various oil formulations; gummies; vapors for dry herbs and concentrates; and select genetics in vape cartridges, as well as cannabis to the medical and adult-use cannabis markets. The company serves its customers under O.pen, Alchemy Naturals, Firefly, Ceres, and Green House… Read more
SLGWQ (SLGWQ) - Net Assets
Latest net assets as of June 2024: $-21.74 Million USD
Based on the latest financial reports, SLGWQ (SLGWQ) has net assets worth $-21.74 Million USD as of June 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($22.82 Million) and total liabilities ($44.55 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 | $-21.74 Million |
| % of Total Assets | -95.26% |
| Annual Growth Rate | N/A |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 39.03 |
SLGWQ - Net Assets Trend (2020–2023)
This chart illustrates how SLGWQ's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for SLGWQ (2020–2023)
The table below shows the annual net assets of SLGWQ from 2020 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | $-4.38 Million | -135.10% |
| 2022-12-31 | $12.48 Million | -67.31% |
| 2021-12-31 | $38.17 Million | -42.82% |
| 2020-12-31 | $66.75 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to SLGWQ'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 grown by 12983189600.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | $112.03 Million | % |
| Total Equity | $-4.38 Million | 100.00% |
SLGWQ Competitors by Market Cap
The table below lists competitors of SLGWQ ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Battery X Metals Inc.
OTCQB:BATXF
|
$480.21K |
|
Zegona Communications Plc
LSE:ZEG
|
$480.22K |
|
Onward Holdings Co Ltd
PINK:OKASY
|
$480.25K |
|
Danske Invest USA Indeks - Akk kl DKK h
CO:DKIUSAIAKKDKKH
|
$480.45K |
|
Hitech & Development Wireless Sweden Holding AB (publ)
ST:HDW-B
|
$480.08K |
|
OPEN HOUSE
BE:O4H
|
$480.08K |
|
MAGNA INTL
MU:MGA
|
$479.78K |
|
EUWAX - Dusseldorf Stock Exchang
DU:EUX
|
$479.22K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in SLGWQ's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 12,477,176 to -4,379,651, a change of -16,856,827 (-135.1%).
- Net loss of 19,366,302 reduced equity.
- Other factors increased equity by 2,509,475.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-19.37 Million | -442.19% |
| Other Changes | $2.51 Million | +57.3% |
| Total Change | $- | -135.10% |
Book Value vs Market Value Analysis
This analysis compares SLGWQ'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 |
|---|---|---|---|
| 2020-12-31 | $1.05 | $0.00 | x |
| 2021-12-31 | $0.41 | $0.00 | x |
| 2022-12-31 | $0.11 | $0.00 | x |
| 2023-12-31 | $-0.02 | $0.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently SLGWQ 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: -54.27%
- • Asset Turnover: 1.07x
- • Equity Multiplier: 0.00x
- Recent ROE (0.00%) is above the historical average (-102.65%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2020 | -21.07% | -55.24% | 0.24x | 1.61x | $-20.74 Million |
| 2021 | -146.94% | -148.46% | 0.48x | 2.08x | $-59.90 Million |
| 2022 | -242.59% | -79.26% | 0.89x | 3.43x | $-31.52 Million |
| 2023 | 0.00% | -54.27% | 1.07x | 0.00x | $-18.93 Million |
Industry Comparison
This section compares SLGWQ's net assets metrics with peer companies in the Drug Manufacturers - Specialty & Generic industry.
Industry Context
- Industry: Drug Manufacturers - Specialty & Generic
- Average net assets among peers: $548,450,613
- Average return on equity (ROE) among peers: -450.37%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| SLGWQ (SLGWQ) | $-21.74 Million | -21.07% | N/A | $480.09K |
| Ascend Wellness Holdings Inc (AAWH) | $142.87 Million | -33.75% | 5.44x | $48.90 Million |
| AB Science S.A (ABSCF) | $10.73 Million | -252.65% | 3.71x | $39.89 Million |
| Alterola Biotech Inc (ABTI) | $4.85K | -2005.32% | 0.49x | $603.58K |
| Aurora Cannabis Inc (ACB) | $2.04 Billion | -34.08% | 0.34x | $199.15 Million |
| Acreage Holdings Inc (ACRDF) | $204.27 Million | -30.85% | 1.41x | $13.48K |
| Acura Pharmaceuticals Inc (ACUR) | $7.90 Million | -63.15% | 1.15x | $13.20K |
| Agra Ventures Ltd. (AGFAF) | $1.51 Million | -44.22% | 0.06x | $298.23K |
| Allergy Therapeutics plc (AGYTF) | $2.07 Million | -2084.75% | 31.32x | $25.30 Million |
| Aida Pharmaceuticals Inc (AIDA) | $6.67 Million | 24.51% | 2.78x | $1.80 |
| Adcock Ingram Holdings Limited (AIHLF) | $3.07 Billion | 20.55% | 0.55x | $85.61 Million |