SPO Networks Inc
SPO Networks, Inc. focuses on solid waste, scrap metal recycling, and demolition services. The company operates two scrap metal operations in Arkansas and Missouri to provide scrap metal to the steel industry and produces generic cannabis seeds for wholesale and retail customers Colorado. The company was formerly known as Highline Technical Innovations, Inc. and changed its name to SPO Networks, … Read more
SPO Networks Inc (SPOI) - Net Assets
Latest net assets as of March 2023: $-1.99 Million USD
Based on the latest financial reports, SPO Networks Inc (SPOI) has net assets worth $-1.99 Million USD as of March 2023.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($7.09 Million) and total liabilities ($9.08 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 | $-1.99 Million |
| % of Total Assets | -28.02% |
| Annual Growth Rate | N/A |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 78.38 |
SPO Networks Inc - Net Assets Trend (2002–2021)
This chart illustrates how SPO 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 SPO Networks Inc (2002–2021)
The table below shows the annual net assets of SPO Networks Inc from 2002 to 2021.
| Year | Net Assets | Change |
|---|---|---|
| 2021-12-31 | $869.05K | +711.65% |
| 2020-12-31 | $-142.08K | +95.28% |
| 2013-12-31 | $-3.01 Million | -17.77% |
| 2012-12-31 | $-2.56 Million | -- |
| 2011-12-31 | $0.00 | -- |
| 2010-12-31 | $1.50 Million | +122.00% |
| 2005-12-31 | $-6.80 Million | -256.77% |
| 2004-12-31 | $4.34 Million | +5387.63% |
| 2003-12-31 | $-82.07K | -3649.20% |
| 2002-12-31 | $-2.19K | -- |
Equity Component Analysis
This analysis shows how different components contribute to SPO 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 grown by 41684100.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2021)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $296.60K | 34.13% |
| Common Stock | $833.62K | 95.92% |
| Other Comprehensive Income | $-833.62K | -95.92% |
| Other Components | $572.45K | 65.87% |
| Total Equity | $869.05K | 100.00% |
SPO Networks Inc Competitors by Market Cap
The table below lists competitors of SPO Networks Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Black Dragon Resource Companies Inc
PINK:BDGR
|
$0.99 |
|
Diamond Discov Intl
PINK:DMDD
|
$0.99 |
|
Technology Solutions Co
PINK:TSCC
|
$0.99 |
|
Health-Chem Corporation
PINK:HCLC
|
$0.99 |
|
NanoTech Gaming Inc
PINK:NTGL
|
$0.99 |
|
Mediag3 Inc.
PINK:MDGC
|
$0.99 |
|
Greenbelt Resources Corp
PINK:GRCO
|
$0.99 |
|
Dominion Resources Black Warrior Trust
PINK:DOMR
|
$0.99 |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in SPO Networks Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2020 to 2021, total equity changed from -142,082 to 869,051, a change of 1,011,133.
- Net income of 1,220,161 contributed positively to equity growth.
- Other comprehensive income decreased equity by 2.
- Other factors decreased equity by 209,026.
Equity Change Factors (2020 to 2021)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $1.22 Million | +140.4% |
| Other Comprehensive Income | $-2.00 | -0.0% |
| Other Changes | $-209.03K | -24.05% |
| Total Change | $- | % |
Book Value vs Market Value Analysis
This analysis compares SPO 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
- Current price-to-book ratio: 0.00x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2003-12-31 | $-27.02 | $0.00 | x |
| 2004-12-31 | $904.83 | $0.00 | x |
| 2005-12-31 | $0.00 | $0.00 | x |
| 2010-12-31 | $0.00 | $0.00 | x |
| 2011-12-31 | $0.00 | $0.00 | x |
| 2019-12-31 | $0.10 | $0.00 | x |
| 2020-12-31 | $-0.02 | $0.00 | x |
| 2021-12-31 | $0.11 | $0.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently SPO 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): 140.40%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 17.74%
- • Asset Turnover: 1.20x
- • Equity Multiplier: 6.61x
- Recent ROE (140.40%) is above the historical average (-25.20%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2001 | -239.05% | -102668.00% | 0.00x | 1.00x | $-26.74K |
| 2002 | 0.00% | -639200.00% | 0.00x | 0.00x | $-18.96K |
| 2003 | 0.00% | -416.29% | 2.01x | 0.00x | $-2.73 Million |
| 2004 | -139.33% | -160.44% | 0.56x | 1.56x | $-6.48 Million |
| 2005 | 0.00% | -263.96% | 0.81x | 0.00x | $-11.26 Million |
| 2010 | 59.27% | 53.97% | 0.22x | 4.94x | $737.54K |
| 2011 | -98.51% | -124.51% | 0.00x | 0.00x | $-1.49 Million |
| 2012 | 0.00% | -587.91% | 0.31x | 0.00x | $-1.13 Million |
| 2013 | 0.00% | -34574.70% | 0.01x | 0.00x | $-632.29K |
| 2020 | 0.00% | 0.00% | 0.00x | 0.00x | $13.21K |
| 2021 | 140.40% | 17.74% | 1.20x | 6.61x | $1.13 Million |
Industry Comparison
This section compares SPO Networks Inc's net assets metrics with peer companies in the Shell Companies industry.
Industry Context
- Industry: Shell Companies
- Average net assets among peers: $36,677,338
- Average return on equity (ROE) among peers: -64.57%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| SPO Networks Inc (SPOI) | $-1.99 Million | -239.05% | N/A | $0.99 |
| Artius II Acquisition Inc. Class A Ordinary Shares (AACB) | $-60.27K | 0.00% | 0.00x | $198.37 Million |
| Artius II Acquisition Inc. Units (AACBU) | $-60.27K | 0.00% | 0.00x | $205.28 Million |
| Ares Acquisition Corporation II (AACT-UN) | $931.34 Million | 0.00% | 0.08x | $399.77 Million |
| AA Mission Acquisition Corp. (AAM-UN) | $-559.90 Million | 0.00% | 0.00x | $349.76 Million |
| Global Acquisitions Corporation (AASP) | $3.80 Million | -5.26% | 0.34x | $15.42 Million |
| ABV Consulting Inc (ABVN) | $8.75K | -623.31% | 2.50x | $461.96K |
| Atlantic Coastal Acquisition Corp II (ACAB) | $-8.52 Million | 0.00% | 0.00x | $2.44 Million |
| Annabidiol Corp (ACBD) | $-501.57K | 0.00% | 0.00x | $13.62K |
| ACRO Biomedical Co Ltd (ACBM) | $685.87K | -17.12% | 0.46x | $30.04K |
| Huaizhong Health Group Inc (ADAD) | $-19.47K | 0.00% | 0.00x | $3.15K |