SpotLite360 Technologies Inc
SpotLite360 IOT Solutions, Inc. operates as a supply chain technology solutions company in Canada and the United States. The company offers software-as-a-service based asset management and supply chain execution platform to customers in the pharmaceutical, healthcare, and agriculture industries. Its products include SpotLite360 Collect, a custom designed enterprise wide IoT device infrastructure;… Read more
SpotLite360 Technologies Inc (SPLTF) - Net Assets
Latest net assets as of September 2023: $-797.52K USD
Based on the latest financial reports, SpotLite360 Technologies Inc (SPLTF) has net assets worth $-797.52K USD as of September 2023.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($220.70K) and total liabilities ($1.02 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 | $-797.52K |
| % of Total Assets | -361.36% |
| Annual Growth Rate | N/A |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 598.0 |
SpotLite360 Technologies Inc - Net Assets Trend (2014–2022)
This chart illustrates how SpotLite360 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 SpotLite360 Technologies Inc (2014–2022)
The table below shows the annual net assets of SpotLite360 Technologies Inc from 2014 to 2022.
| Year | Net Assets | Change |
|---|---|---|
| 2022-12-31 | $295.66K | -94.93% |
| 2021-12-31 | $5.83 Million | +1101.08% |
| 2020-12-31 | $485.38K | +862.25% |
| 2019-12-31 | $-63.68K | +79.28% |
| 2018-12-31 | $-307.26K | -97.20% |
| 2016-12-31 | $-155.81K | -2398.49% |
| 2015-12-31 | $-6.24K | -147.36% |
| 2014-12-31 | $-2.52K | -- |
Equity Component Analysis
This analysis shows how different components contribute to SpotLite360 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 1927182400.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2022)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $15.06 Million | % |
| Other Comprehensive Income | $2.63 Million | % |
| Total Equity | $-1.58 Million | 100.00% |
SpotLite360 Technologies Inc Competitors by Market Cap
The table below lists competitors of SpotLite360 Technologies Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Sheffield Resources Ltd
AU:SFX
|
$7.93 Million |
|
IXQUF
NASDAQ:IXQUF
|
$7.93 Million |
|
American Shared Hospital Service
NYSE MKT:AMS
|
$7.93 Million |
|
ContextVision AB
OL:CONTX
|
$7.93 Million |
|
Skillful Craftsman Education Tech
NASDAQ:EDTK
|
$7.92 Million |
|
Dominant Enterprise Bhd
KLSE:7169
|
$7.92 Million |
|
Environmental Clean Technologies Ltd
AU:ECT
|
$7.92 Million |
|
Safe Supply Streaming Co Ltd.
OTCQB:SSPLF
|
$7.92 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in SpotLite360 Technologies Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2021 to 2022, total equity changed from 5,829,808 to -1,577,126, a change of -7,406,934 (-127.1%).
- Net loss of 14,091,671 reduced equity.
- New share issuances of 1,964,833 increased equity.
- Other comprehensive income increased equity by 813,929.
- Other factors increased equity by 3,905,975.
Equity Change Factors (2021 to 2022)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-14.09 Million | -893.5% |
| Share Issuances | $1.96 Million | +124.58% |
| Other Comprehensive Income | $813.93K | +51.61% |
| Other Changes | $3.91 Million | +247.66% |
| Total Change | $- | -127.05% |
Book Value vs Market Value Analysis
This analysis compares SpotLite360 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 |
|---|---|---|---|
| 2014-12-31 | $0.00 | $0.08 | x |
| 2015-12-31 | $0.00 | $0.08 | x |
| 2016-12-31 | $-0.03 | $0.08 | x |
| 2018-12-31 | $-0.61 | $0.08 | x |
| 2019-12-31 | $-0.01 | $0.08 | x |
| 2020-12-31 | $0.01 | $0.08 | x |
| 2021-12-31 | $0.14 | $0.08 | x |
| 2022-12-31 | $-0.01 | $0.08 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently SpotLite360 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: -124671.95%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 0.00x
- Recent ROE (0.00%) is above the historical average (-25.84%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2014 | 0.00% | 0.00% | 0.00x | 0.00x | $-9.84K |
| 2015 | 0.00% | 0.00% | 0.00x | 0.00x | $-106.86K |
| 2016 | 0.00% | 0.00% | 0.00x | 0.00x | $-133.99K |
| 2018 | 0.00% | 0.00% | 0.00x | 0.00x | $-42.79K |
| 2019 | 0.00% | 0.00% | 0.00x | 0.00x | $-86.05K |
| 2020 | -137.94% | 0.00% | 0.00x | 1.25x | $-718.09K |
| 2021 | -68.78% | -1959.48% | 0.03x | 1.33x | $-4.59 Million |
| 2022 | 0.00% | -124671.95% | 0.00x | 0.00x | $-13.93 Million |
Industry Comparison
This section compares SpotLite360 Technologies Inc's net assets metrics with peer companies in the Health Information Services industry.
Industry Context
- Industry: Health Information Services
- Average net assets among peers: $79,108,599
- Average return on equity (ROE) among peers: -247.59%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| SpotLite360 Technologies Inc (SPLTF) | $-797.52K | 0.00% | N/A | $7.93 Million |
| Accolade, Inc. (ACCD) | $473.79 Million | -97.02% | 0.91x | $448.32 Million |
| Achiko AG (ACHKF) | $-4.58 Million | 0.00% | 0.00x | $314.42K |
| Ascom Holding AG (ACMLF) | $78.70 Million | 22.11% | 1.51x | $152.13 Million |
| Accelera Innovations Inc (ACNV) | $-462.52K | 0.00% | 0.00x | $5.72K |
| Aclarion Inc (ACON) | $-7.08 Million | 0.00% | 0.00x | $1.89 Million |
| Alternate Health Corp (AHGIF) | $1.07 Million | -2231.82% | 7.94x | $6.50K |
| AI/ML Innovations Inc (AIMLF) | $2.09 Million | -130.52% | 0.72x | $6.84 Million |
| NetraMark Holdings Inc. (AINMF) | $-198.56K | 0.00% | 0.00x | $70.13 Million |
| AMJ Global Technology (AMJT) | $-21.78K | 0.00% | 0.00x | $10.99 Million |
| American Well Corp (AMWL) | $247.79 Million | -38.62% | 0.31x | $78.62 Million |