Spirits Time International Inc
Spirits Time International, Inc. engages in the marketing and distribution of tequila products under the Tequila Alebrijes brand name. It offers tequila blanco, tequila añejo, and tequila reposado. The company was formerly known as Sears Oil and Gas Corporation and changed its name to Spirits Time International, Inc. in October 2018. The company was founded in 2005 and is based in Ogden, Utah.
Spirits Time International Inc (SRSG) - Net Assets
Latest net assets as of September 2024: $-1.60 Million USD
Based on the latest financial reports, Spirits Time International Inc (SRSG) has net assets worth $-1.60 Million USD as of September 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($524.00) and total liabilities ($1.60 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 | $-1.60 Million |
| % of Total Assets | -306121.37% |
| Annual Growth Rate | N/A |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | N/A |
Spirits Time International Inc - Net Assets Trend (2009–2023)
This chart illustrates how Spirits Time International 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 Spirits Time International Inc (2009–2023)
The table below shows the annual net assets of Spirits Time International Inc from 2009 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | $-1.43 Million | -45.43% |
| 2022-12-31 | $-986.41K | -36.94% |
| 2021-12-31 | $-720.31K | -33.58% |
| 2020-12-31 | $-539.24K | -43.94% |
| 2019-12-31 | $-374.62K | -11.22% |
| 2018-12-31 | $-336.82K | -43.89% |
| 2017-12-31 | $-234.08K | +7.56% |
| 2016-12-31 | $-253.22K | -33.53% |
| 2015-12-31 | $-189.63K | -40.60% |
| 2014-12-31 | $-134.87K | -66.33% |
| 2013-12-31 | $-81.09K | -71.60% |
| 2012-12-31 | $-47.25K | -144.62% |
| 2010-12-31 | $-19.32K | -22.25% |
| 2009-12-31 | $-15.80K | -- |
Equity Component Analysis
This analysis shows how different components contribute to Spirits Time International 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 238886800.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $7.50K | % |
| Other Comprehensive Income | $-450.00 | % |
| Other Components | $987.26K | % |
| Total Equity | $-1.43 Million | 100.00% |
Spirits Time International Inc Competitors by Market Cap
The table below lists competitors of Spirits Time International Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
ESPRIT HLDGS
MU:ESHB
|
$1.50K |
|
KR1 PLC LS -0019
F:K4H
|
$1.50K |
|
CAMZD
PINK:CAMZD
|
$1.50K |
|
Arno Therapeutics
OTCGREY:ARNI
|
$1.50K |
|
GIORDANO INTL
MU:GIO
|
$1.50K |
|
Incuvo S.A.
WAR:IVO
|
$1.50K |
|
Mix1 Life Inc
PINK:MIXX
|
$1.50K |
|
CONVERTIS
BE:LAH1
|
$1.50K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Spirits Time International Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from -986,414 to -1,434,561, a change of -448,147.
- Net loss of 472,518 reduced equity.
- Other comprehensive income decreased equity by 450.
- Other factors increased equity by 24,821.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-472.52K | -32.94% |
| Other Comprehensive Income | $-450.00 | -0.03% |
| Other Changes | $24.82K | +1.73% |
| Total Change | $- | % |
Book Value vs Market Value Analysis
This analysis compares Spirits Time International 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 |
|---|---|---|---|
| 2006-12-31 | $-0.07 | $0.14 | x |
| 2007-12-31 | $0.19 | $0.14 | x |
| 2008-12-31 | $0.00 | $0.14 | x |
| 2009-12-31 | $-0.09 | $0.14 | x |
| 2010-12-31 | $-0.11 | $0.14 | x |
| 2012-12-31 | $-0.26 | $0.14 | x |
| 2013-12-31 | $-0.45 | $0.14 | x |
| 2014-12-31 | $-0.75 | $0.14 | x |
| 2015-12-31 | $-1.05 | $0.14 | x |
| 2016-12-31 | $-1.40 | $0.14 | x |
| 2017-12-31 | $-0.20 | $0.14 | x |
| 2018-12-31 | $-0.08 | $0.14 | x |
| 2019-12-31 | $-0.05 | $0.14 | x |
| 2020-12-31 | $-0.07 | $0.14 | x |
| 2021-12-31 | $-0.10 | $0.14 | x |
| 2022-12-31 | $-0.13 | $0.14 | x |
| 2023-12-31 | $-0.19 | $0.14 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Spirits Time International 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 (-319.78%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2006 | 0.00% | 0.00% | 0.00x | 0.00x | $-39.00K |
| 2007 | -93.25% | 0.00% | 0.00x | 1.00x | $-33.27K |
| 2008 | -5343.07% | 0.00% | 0.00x | 1.00x | $-31.69K |
| 2009 | 0.00% | 0.00% | 0.00x | 0.00x | $-5.86K |
| 2010 | 0.00% | 0.00% | 0.00x | 0.00x | $-1.58K |
| 2012 | 0.00% | 0.00% | 0.00x | 0.00x | $-2.71K |
| 2013 | 0.00% | 0.00% | 0.00x | 0.00x | $-25.73K |
| 2014 | 0.00% | 0.00% | 0.00x | 0.00x | $-40.30K |
| 2015 | 0.00% | 0.00% | 0.00x | 0.00x | $-35.80K |
| 2016 | 0.00% | 0.00% | 0.00x | 0.00x | $-38.27K |
| 2017 | 0.00% | 0.00% | 0.00x | 0.00x | $-200.98K |
| 2018 | 0.00% | 0.00% | 0.00x | 0.00x | $-415.35K |
| 2019 | 0.00% | 0.00% | 0.00x | 0.00x | $-345.95K |
| 2020 | 0.00% | 0.00% | 0.00x | 0.00x | $-218.48K |
| 2021 | 0.00% | 0.00% | 0.00x | 0.00x | $-229.11K |
| 2022 | 0.00% | 0.00% | 0.00x | 0.00x | $-268.39K |
| 2023 | 0.00% | 0.00% | 0.00x | 0.00x | $-329.06K |
Industry Comparison
This section compares Spirits Time International Inc's net assets metrics with peer companies in the Beverages - Wineries & Distilleries industry.
Industry Context
- Industry: Beverages - Wineries & Distilleries
- Average net assets among peers: $4,911,435,376
- Average return on equity (ROE) among peers: 16.80%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Spirits Time International Inc (SRSG) | $-1.60 Million | 0.00% | N/A | $1.50K |
| Andrew Peller Limited (ADWPF) | $49.20 Million | 13.21% | 0.52x | $98.78 Million |
| Agencia Comercial Spirits Ltd Class A Ordinary Shares (AGCC) | $1.90 Million | 41.01% | 1.06x | $73.93 Million |
| Aristocrat Group Corp (ASCC) | $-295.72K | 0.00% | 0.00x | $74.46K |
| Australian Vintage Ltd (AUVGF) | $288.24 Million | 3.66% | 0.63x | $16.12 Million |
| Becle SA de CV (BCCLF) | $46.99 Billion | 11.05% | 0.38x | $555.00 Million |
| Brown-Forman Corporation (BF-A) | $818.10 Million | 19.09% | 0.60x | $7.49 Billion |
| Fitvia Corp (BRZV) | $-25.27K | 0.00% | 0.00x | $0.98 |
| Heritage Distilling Holding Company, Inc. Common Stock (CASK) | $-43.42 Million | 0.00% | 0.00x | $14.08 Million |
| China Tontine Wines Group Limited (CATWF) | $970.55 Million | 17.94% | 0.10x | $7.70 Million |
| Corby Spirit and Wine Limited (CBYDF) | $44.80 Million | 62.05% | 1.27x | $169.86 Million |