Summit Networks Inc
Summit Networks Inc. does not have significant operations. Previously, it was engaged in the daily consumer goods business in the United States. The company was founded in 2014 and is headquartered in Richmond, Canada.
Summit Networks Inc (SNTW) - Net Assets
Latest net assets as of September 2025: $-809.70K USD
Based on the latest financial reports, Summit Networks Inc (SNTW) has net assets worth $-809.70K USD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($116.24K) and total liabilities ($925.94K). 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 | $-809.70K |
| % of Total Assets | -696.59% |
| Annual Growth Rate | N/A |
| 5-Year Change | N/A |
| 10-Year Change | -1669.63% |
| Growth Volatility | 1123.02 |
Summit Networks Inc - Net Assets Trend (2014–2024)
This chart illustrates how Summit Networks 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 Summit Networks Inc (2014–2024)
The table below shows the annual net assets of Summit Networks Inc from 2014 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-09-30 | $-411.05K | +23.66% |
| 2023-09-30 | $-538.47K | +29.37% |
| 2022-09-30 | $-762.34K | -16.54% |
| 2021-09-30 | $-654.13K | -200.25% |
| 2020-09-30 | $-217.87K | -152.33% |
| 2019-09-30 | $-86.34K | -37.58% |
| 2018-09-30 | $-62.76K | -2560.17% |
| 2017-09-30 | $2.55K | -84.76% |
| 2016-09-30 | $16.74K | -36.07% |
| 2015-09-30 | $26.19K | +188.10% |
| 2014-09-30 | $9.09K | -- |
Equity Component Analysis
This analysis shows how different components contribute to Summit Networks 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 29747.6% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (September 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $68.91K | % |
| Other Components | $1.03 Million | % |
| Total Equity | $-411.05K | 100.00% |
Summit Networks Inc Competitors by Market Cap
The table below lists competitors of Summit Networks Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Portage Biotech Inc
NASDAQ:PRTG
|
$3.90 Million |
|
Golden Lime PCL
BK:SUTHA
|
$3.90 Million |
|
CPanel PCL
BK:CPANEL
|
$3.90 Million |
|
ENEFI Energiahatekonysagi Nyrt
BUD:ENEFI
|
$3.90 Million |
|
Oceanic Beverages Co Inc
TW:1213
|
$3.90 Million |
|
Intelicare Holdings Ltd
AU:ICR
|
$3.90 Million |
|
URZ3 Energy Corp.
OTCQB:URZEF
|
$3.90 Million |
|
Matador Technologies Inc.
V:MATA
|
$3.89 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Summit Networks Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from -538,470 to -411,054, a change of 127,416.
- Net loss of 251,667 reduced equity.
- New share issuances of 242,000 increased equity.
- Other factors increased equity by 137,083.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-251.67K | -61.22% |
| Share Issuances | $242.00K | +58.87% |
| Other Changes | $137.08K | +33.35% |
| Total Change | $- | % |
Book Value vs Market Value Analysis
This analysis compares Summit Networks 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 |
|---|---|---|---|
| 2014-09-30 | $0.00 | $0.38 | x |
| 2015-09-30 | $0.00 | $0.38 | x |
| 2016-09-30 | $0.00 | $0.38 | x |
| 2017-09-30 | $0.00 | $0.38 | x |
| 2018-09-30 | $0.00 | $0.38 | x |
| 2019-09-30 | $0.00 | $0.38 | x |
| 2020-09-30 | $0.00 | $0.38 | x |
| 2021-09-30 | $-0.01 | $0.38 | x |
| 2022-09-30 | $-0.01 | $0.38 | x |
| 2023-09-30 | $-0.01 | $0.38 | x |
| 2024-09-30 | $-0.01 | $0.38 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Summit Networks 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: 0.00%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 0.00x
- Recent ROE (0.00%) is above the historical average (-58.56%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2014 | 56.00% | 16.91% | 3.30x | 1.00x | $4.18K |
| 2015 | -87.45% | -19.23% | 4.39x | 1.04x | $-25.52K |
| 2016 | -56.43% | -20.30% | 2.63x | 1.06x | $-11.12K |
| 2017 | -556.25% | -50.33% | 2.05x | 5.40x | $-14.45K |
| 2018 | 0.00% | -9481.70% | 0.03x | 0.00x | $-88.54K |
| 2019 | 0.00% | 0.00% | 0.00x | 0.00x | $-367.36K |
| 2020 | 0.00% | 0.00% | 0.00x | 0.00x | $-109.74K |
| 2021 | 0.00% | 0.00% | 0.00x | 0.00x | $-270.05K |
| 2022 | 0.00% | 0.00% | 0.00x | 0.00x | $-31.97K |
| 2023 | 0.00% | 0.00% | 0.00x | 0.00x | $77.62K |
| 2024 | 0.00% | 0.00% | 0.00x | 0.00x | $-210.56K |
Industry Comparison
This section compares Summit Networks Inc's net assets metrics with peer companies in the Furnishings, Fixtures & Appliances industry.
Industry Context
- Industry: Furnishings, Fixtures & Appliances
- Average net assets among peers: $264,634,611
- Average return on equity (ROE) among peers: -5.57%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Summit Networks Inc (SNTW) | $-809.70K | 56.00% | N/A | $3.90 Million |
| American Woodmark Corporation (AMWD) | $581.66 Million | 10.86% | 1.83x | $572.47 Million |
| Aterian Inc (ATER) | $224.23 Million | -105.26% | 0.40x | $3.15 Million |
| Applied UV, Inc. (AUVIQ) | $-1.42 Million | 0.00% | 0.00x | $467.00 |
| Bassett Furniture Industries (BSET) | $298.90 Million | 7.66% | 0.16x | $108.92 Million |
| Breville Group Limited (BVILF) | $150.22 Million | 15.03% | 0.59x | $2.02 Billion |
| Traeger Inc (COOK) | $291.35 Million | -28.97% | 1.95x | $117.97 Million |
| Crown Crafts Inc (CRWS) | $31.39 Million | 13.72% | 0.46x | $25.18 Million |
| Deer Consumer Prodct (DEER) | $-17.75K | 0.00% | 0.00x | $0.93 |
| De'Longhi S.p.A (DELHF) | $1.07 Billion | 17.33% | 0.99x | $1.30 Billion |
| Dyna Group International Inc (DGIX) | $4.10 Million | 13.94% | 0.59x | $7.42K |