Secured Services Inc
Secured Services, Inc. (SSI) operates as an information security company, which provides secured user management software for the enterprises. Its products enable organizations to administer, control, and audit users' digital identities' and their access privileges to applications, data systems, and connectivity in wired and wireless networks. The company's products include IDENTIPRISE SECUREDUSE… Read more
Secured Services Inc (SSVC) - Net Assets
Latest net assets as of September 2005: $3.28 Million USD
Based on the latest financial reports, Secured Services Inc (SSVC) has net assets worth $3.28 Million USD as of September 2005.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($12.98 Million) and total liabilities ($9.69 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 | $3.28 Million |
| % of Total Assets | 25.3% |
| Annual Growth Rate | 26.37% |
| 5-Year Change | N/A |
| 10-Year Change | 10.56% |
| Growth Volatility | 580.19 |
Secured Services Inc - Net Assets Trend (1992–2004)
This chart illustrates how Secured Services 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 Secured Services Inc (1992–2004)
The table below shows the annual net assets of Secured Services Inc from 1992 to 2004.
| Year | Net Assets | Change |
|---|---|---|
| 2004-12-31 | $4.98 Million | +107.60% |
| 2003-12-31 | $2.40 Million | +381.36% |
| 2002-12-31 | $-851.79K | -219.55% |
| 2001-12-31 | $-266.56K | -182.38% |
| 2000-12-31 | $-94.40K | +89.51% |
| 1999-12-31 | $-900.00K | +31.02% |
| 1998-12-31 | $-1.30 Million | -235.14% |
| 1997-12-31 | $965.43K | -9.99% |
| 1996-12-31 | $1.07 Million | -76.16% |
| 1995-12-31 | $4.50 Million | +73.08% |
| 1994-12-31 | $2.60 Million | -49.02% |
| 1993-12-31 | $5.10 Million | +1600.00% |
| 1992-12-31 | $300.00K | -- |
Equity Component Analysis
This analysis shows how different components contribute to Secured Services 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 535315100.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2004)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $1.74K | 0.03% |
| Other Comprehensive Income | $-539.35K | -10.84% |
| Other Components | $12.47 Million | 250.56% |
| Total Equity | $4.98 Million | 100.00% |
Secured Services Inc Competitors by Market Cap
The table below lists competitors of Secured Services Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Roboserver Systems Corp
PINK:RBSY
|
$0.90 |
|
Praetorian Property Inc
PINK:PRRE
|
$0.90 |
|
Eatware Inc
PINK:CHSH
|
$0.90 |
|
Cygnus Oil & Gas Corp
PINK:CYNS
|
$0.90 |
|
Energtek Inc
PINK:EGTK
|
$0.90 |
|
EcoLogix Resource Group Inc
PINK:EXRG
|
$0.90 |
|
Electro Optical Systems Corp
PINK:EOSC
|
$0.90 |
|
Omni Ventures Inc
PINK:OMVE
|
$0.90 |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Secured Services Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2003 to 2004, total equity changed from 2,396,602 to 4,975,378, a change of 2,578,776 (107.6%).
- Net loss of 5,757,206 reduced equity.
- Share repurchases of 7,012,880 reduced equity.
- Other comprehensive income decreased equity by 135,253.
- Other factors increased equity by 15,484,115.
Equity Change Factors (2003 to 2004)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-5.76 Million | -115.71% |
| Share Repurchases | $7.01 Million | -140.95% |
| Other Comprehensive Income | $-135.25K | -2.72% |
| Other Changes | $15.48 Million | +311.21% |
| Total Change | $- | 107.60% |
Book Value vs Market Value Analysis
This analysis compares Secured Services 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 |
|---|---|---|---|
| 1996-12-31 | $22.95 | $0.00 | x |
| 1997-12-31 | $19.80 | $0.00 | x |
| 1998-12-31 | $-18.15 | $0.00 | x |
| 1999-12-31 | $-5.76 | $0.00 | x |
| 2000-12-31 | $-0.41 | $0.00 | x |
| 2001-12-31 | $-1.07 | $0.00 | x |
| 2002-12-31 | $-3.44 | $0.00 | x |
| 2003-12-31 | $0.38 | $0.00 | x |
| 2004-12-31 | $0.38 | $0.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Secured Services 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): -115.71%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -262.41%
- • Asset Turnover: 0.31x
- • Equity Multiplier: 1.44x
- Recent ROE (-115.71%) is below the historical average (-98.97%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1992 | -333.33% | -250.00% | 0.57x | 2.33x | $-1.03 Million |
| 1993 | -15.69% | -133.33% | 0.12x | 1.02x | $-1.31 Million |
| 1994 | -88.89% | -300.00% | 0.28x | 1.07x | $-2.67 Million |
| 1995 | -43.18% | -271.43% | 0.14x | 1.11x | $-2.34 Million |
| 1996 | -356.48% | -240.77% | 0.62x | 2.40x | $-3.93 Million |
| 1997 | -300.42% | -60.53% | 1.28x | 3.89x | $-3.00 Million |
| 1998 | 0.00% | -174.33% | 3.46x | 0.00x | $-2.76 Million |
| 1999 | 0.00% | 20.00% | 2.50x | 0.00x | $290.00K |
| 2000 | 0.00% | 1.86% | 3.06x | 0.00x | $33.87K |
| 2001 | 0.00% | -7.05% | 3.84x | 0.00x | $-96.76K |
| 2002 | 0.00% | -164.85% | 5.07x | 0.00x | $-512.91K |
| 2003 | -32.91% | -99.21% | 0.22x | 1.50x | $-1.03 Million |
| 2004 | -115.71% | -262.41% | 0.31x | 1.44x | $-6.25 Million |
Industry Comparison
This section compares Secured Services Inc's net assets metrics with peer companies in the Software - Application industry.
Industry Context
- Industry: Software - Application
- Average net assets among peers: $1,166,100,419
- Average return on equity (ROE) among peers: -60.09%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Secured Services Inc (SSVC) | $3.28 Million | -333.33% | 2.95x | $0.90 |
| Abaxx Technologies Inc (ABXXF) | $-1.66 Million | 0.00% | 0.00x | $201.28 Million |
| Acceleware Ltd (ACWRF) | $494.24K | -556.36% | 1.94x | $8.62 Million |
| Adobe Systems Incorporated (ADBE) | $4.65 Billion | 15.57% | 0.23x | $100.66 Billion |
| Adcore Inc (ADCOF) | $-3.18 | 0.00% | 0.00x | $3.03 Million |
| ADEIA CORP (ADEA) | $446.70 Million | -41.54% | 0.09x | $2.48 Billion |
| Automatic Data Processing Inc (ADP) | $6.01 Billion | 20.87% | 4.70x | $83.68 Billion |
| Autodesk Inc (ADSK) | $569.21 Million | 5.60% | 0.55x | $48.93 Billion |
| Allied Security Innovations Inc (ADSV) | $-23.08 Million | 0.00% | 0.00x | $0.98 |
| AudioEye Inc (AEYE) | $9.44 Million | -45.08% | 2.15x | $48.56 Million |
| Affinity Networks Inc (AFFN) | $-470.19K | 0.00% | 0.00x | $0.96 |