Taiga Motors Corporation
Taiga Motors Corporation engages in the research and development, design, production, marketing, and distribution of electric powersports vehicles. It offers electric snowmobiles under the Nomad Utility brand, and personal watercraft under the Orca, and Orca Carbon brands. The company also provides aftermarket sales of parts, upgrades, and other accessories. It offers its products direct-to-consu… Read more
Taiga Motors Corporation (TAIMF) - Net Assets
Latest net assets as of March 2024: $-15.01 Million USD
Based on the latest financial reports, Taiga Motors Corporation (TAIMF) has net assets worth $-15.01 Million USD as of March 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($78.18 Million) and total liabilities ($93.19 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 | $-15.01 Million |
| % of Total Assets | -19.2% |
| Annual Growth Rate | N/A |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 27.64 |
Taiga Motors Corporation - Net Assets Trend (2016–2023)
This chart illustrates how Taiga Motors Corporation's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Taiga Motors Corporation (2016–2023)
The table below shows the annual net assets of Taiga Motors Corporation from 2016 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | $-812.48K | -101.23% |
| 2022-12-31 | $66.25 Million | -45.94% |
| 2021-12-31 | $122.55 Million | +205.91% |
| 2020-12-31 | $-115.71 Million | -3022.57% |
| 2019-12-31 | $-3.71 Million | 0.00% |
| 2018-12-31 | $-3.71 Million | -80.66% |
| 2017-12-31 | $-2.05 Million | -2173.32% |
| 2016-12-31 | $-90.23K | -- |
Equity Component Analysis
This analysis shows how different components contribute to Taiga Motors Corporation'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 34835941700.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $323.94 Million | % |
| Other Components | $23.75 Million | % |
| Total Equity | $-812.48K | 100.00% |
Taiga Motors Corporation Competitors by Market Cap
The table below lists competitors of Taiga Motors Corporation ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Cruz Cobalt Corp
PINK:BKTPF
|
$4.21 Million |
|
Spexis AG
SW:SPEX
|
$4.21 Million |
|
Trilogiq
PA:ALTRI
|
$4.21 Million |
|
NICO Resources Limited
OTCGREY:NICOF
|
$4.22 Million |
|
PT Solusi Bangun Indonesia Tbk
F:RU6
|
$4.21 Million |
|
Bhandari Hosiery Exports Limited
NSE:BHANDARI
|
$4.21 Million |
|
Plant Advanced Technologies SA
PA:ALPAT
|
$4.20 Million |
|
CirChem AB
ST:CIRCHE
|
$4.20 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Taiga Motors Corporation's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 66,248,640 to -812,477, a change of -67,061,117 (-101.2%).
- Net loss of 72,498,000 reduced equity.
- Other factors increased equity by 5,436,883.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-72.50 Million | -8923.08% |
| Other Changes | $5.44 Million | +669.17% |
| Total Change | $- | -101.23% |
Book Value vs Market Value Analysis
This analysis compares Taiga Motors Corporation'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 |
|---|---|---|---|
| 2017-12-31 | $-0.07 | $0.22 | x |
| 2018-12-31 | $-3.57 | $0.22 | x |
| 2019-12-31 | $-0.12 | $0.22 | x |
| 2020-12-31 | $-3.76 | $0.22 | x |
| 2021-12-31 | $7.00 | $0.22 | x |
| 2022-12-31 | $2.10 | $0.22 | x |
| 2023-12-31 | $-0.03 | $0.22 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Taiga Motors Corporation 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: -449.54%
- • Asset Turnover: 0.18x
- • Equity Multiplier: 0.00x
- Recent ROE (0.00%) is above the historical average (-24.51%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2017 | 0.00% | 0.00% | 0.00x | 0.00x | $-1.78 Million |
| 2018 | 0.00% | -187.03% | 1.86x | 0.00x | $-1.37 Million |
| 2019 | 0.00% | -187.03% | 1.86x | 0.00x | $-1.37 Million |
| 2020 | 0.00% | -1213.51% | 0.03x | 0.00x | $6.45 Million |
| 2021 | -81.71% | -70790.56% | 0.00x | 1.18x | $-112.40 Million |
| 2022 | -89.84% | -1852.87% | 0.03x | 1.42x | $-66.14 Million |
| 2023 | 0.00% | -449.54% | 0.18x | 0.00x | $-72.42 Million |
Industry Comparison
This section compares Taiga Motors Corporation's net assets metrics with peer companies in the Recreational Vehicles industry.
Industry Context
- Industry: Recreational Vehicles
- Average net assets among peers: $132,606,330
- Average return on equity (ROE) among peers: -14.28%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Taiga Motors Corporation (TAIMF) | $-15.01 Million | 0.00% | N/A | $4.21 Million |
| Alternet Systems Inc (ALYI) | $-168.02K | 0.00% | 0.00x | $74.94K |
| Brunswick Corporation (BC) | $1.10 Billion | 7.12% | 2.09x | $4.64 Billion |
| Bénéteau S.A (BTEAF) | $644.12 Million | 7.68% | 1.17x | $279.12 Million |
| Ev Dynamics (Holdings) Limited (CHDHF) | $21.54 Million | -64.69% | 0.65x | $2.95 Million |
| Curtiss Motorcycles Company Inc (CMOT) | $-1.30 Million | 0.00% | 0.00x | $411.06K |
| BRP Inc (DOOO) | $-474.90 Million | 0.00% | 0.00x | $2.73 Billion |
| Evil Empire Designs Inc. (EVVL) | $-119.34K | 0.00% | 0.00x | $5.82K |
| EZGO Technologies Ltd (EZGO) | $33.54 Million | -19.27% | 0.42x | $263.57K |
| Folkup Development Inc (FLDI) | $2.16K | -39.02% | 0.41x | $4.00 Million |
| Forza X1 Inc (FRZA) | $1.54 Million | -34.59% | 0.45x | $1.73 Million |