TAAT Global Alternatives Inc
TAAT Global Alternatives Inc. develops, manufactures, and distributes tobacco, hemp, and other consumer packaged goods in Canada and the United States. It also offers non-tobacco based smokable products and flavorings; and nicotine-free and tobacco-free alternatives to traditional cigarettes under the TAAT brand. The company was formerly known as TAAT Lifestyle & Wellness Ltd. and changed its nam… Read more
TAAT Global Alternatives Inc (TOBAF) - Net Assets
Latest net assets as of July 2024: $175.65K USD
Based on the latest financial reports, TAAT Global Alternatives Inc (TOBAF) has net assets worth $175.65K USD as of July 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($10.62 Million) and total liabilities ($10.45 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 | $175.65K |
| % of Total Assets | 1.65% |
| Annual Growth Rate | N/A |
| 5-Year Change | N/A |
| 10-Year Change | -100.76% |
| Growth Volatility | 324.19 |
TAAT Global Alternatives Inc - Net Assets Trend (2006–2023)
This chart illustrates how TAAT Global Alternatives 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 TAAT Global Alternatives Inc (2006–2023)
The table below shows the annual net assets of TAAT Global Alternatives Inc from 2006 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-10-31 | $-111.11K | -101.26% |
| 2022-10-31 | $8.80 Million | -41.06% |
| 2021-10-31 | $14.93 Million | +13.08% |
| 2020-10-31 | $13.20 Million | +10806.34% |
| 2019-10-31 | $-123.28K | +92.24% |
| 2018-10-31 | $-1.59 Million | -134.68% |
| 2017-10-31 | $4.58 Million | +130.33% |
| 2016-10-31 | $1.99 Million | +91.08% |
| 2015-10-31 | $1.04 Million | -92.89% |
| 2014-10-31 | $14.65 Million | +52.69% |
| 2013-10-31 | $9.59 Million | -52.91% |
| 2012-10-31 | $20.38 Million | +1242.67% |
| 2011-10-31 | $1.52 Million | -6.53% |
| 2010-10-31 | $1.62 Million | +335.90% |
| 2009-10-31 | $372.43K | +48.15% |
| 2008-10-31 | $251.39K | -19.99% |
| 2007-10-31 | $314.21K | +115.25% |
| 2006-10-31 | $145.98K | -- |
Equity Component Analysis
This analysis shows how different components contribute to TAAT Global Alternatives 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 12342232000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (October 2023)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $95.84 Million | % |
| Other Comprehensive Income | $27.48 Million | % |
| Other Components | $1.00 | % |
| Total Equity | $-111.11K | 100.00% |
TAAT Global Alternatives Inc Competitors by Market Cap
The table below lists competitors of TAAT Global Alternatives Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
MAKEMYTRIP
BE:MY1
|
$693.38K |
|
NSTAR Electric Company PFD 4.25%
PINK:NSARP
|
$693.57K |
|
Triton Development S.A.
WAR:TRI
|
$693.85K |
|
Global Battery Metals Ltd
OTCQB:REZZF
|
$694.34K |
|
SYSCO (SYY.SG)
STU:SYY
|
$693.23K |
|
ORION -B-
MU:OFK
|
$693.03K |
|
Irisity AB
ST:IRIS
|
$691.00K |
|
UZIN UTZ (UZU.SG)
STU:UZU
|
$690.62K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in TAAT Global Alternatives Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 8,796,551 to -111,108, a change of -8,907,659 (-101.3%).
- Net loss of 11,116,941 reduced equity.
- Other comprehensive income decreased equity by 5,140,949.
- Other factors increased equity by 7,350,231.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-11.12 Million | -10005.53% |
| Other Comprehensive Income | $-5.14 Million | -4626.98% |
| Other Changes | $7.35 Million | +6615.39% |
| Total Change | $- | -101.26% |
Book Value vs Market Value Analysis
This analysis compares TAAT Global Alternatives 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 |
|---|---|---|---|
| 2006-10-31 | $19.46 | $0.16 | x |
| 2007-10-31 | $24.98 | $0.16 | x |
| 2008-10-31 | $16.73 | $0.16 | x |
| 2009-10-31 | $24.77 | $0.16 | x |
| 2010-10-31 | $28.67 | $0.16 | x |
| 2011-10-31 | $19.35 | $0.16 | x |
| 2012-10-31 | $185.18 | $0.16 | x |
| 2013-10-31 | $46.82 | $0.16 | x |
| 2014-10-31 | $60.48 | $0.16 | x |
| 2015-10-31 | $3.95 | $0.16 | x |
| 2016-10-31 | $6.94 | $0.16 | x |
| 2017-10-31 | $7.15 | $0.16 | x |
| 2018-10-31 | $-1.66 | $0.16 | x |
| 2019-10-31 | $-0.07 | $0.16 | x |
| 2020-10-31 | $2.28 | $0.16 | x |
| 2021-10-31 | $1.57 | $0.16 | x |
| 2022-10-31 | $0.84 | $0.16 | x |
| 2023-10-31 | $-0.01 | $0.16 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently TAAT Global Alternatives 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: -11.75%
- • Asset Turnover: 7.05x
- • Equity Multiplier: 0.00x
- Recent ROE (0.00%) is above the historical average (-120.29%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2006 | -2.75% | 0.00% | 0.00x | 1.02x | $-18.62K |
| 2007 | -26.30% | 0.00% | 0.00x | 1.03x | $-114.06K |
| 2008 | -31.22% | 0.00% | 0.00x | 1.04x | $-103.61K |
| 2009 | -37.26% | 0.00% | 0.00x | 1.15x | $-176.00K |
| 2010 | -29.01% | 0.00% | 0.00x | 1.01x | $-633.26K |
| 2011 | -6.98% | 0.00% | 0.00x | 1.01x | $-257.70K |
| 2012 | -10.81% | 0.00% | 0.00x | 1.08x | $-4.24 Million |
| 2013 | -164.76% | 0.00% | 0.00x | 1.70x | $-16.77 Million |
| 2014 | -27.44% | 0.00% | 0.00x | 1.22x | $-5.49 Million |
| 2015 | -1311.32% | 0.00% | 0.00x | 2.94x | $-13.75 Million |
| 2016 | 115.32% | 1534.82% | 0.06x | 1.35x | $2.09 Million |
| 2017 | -43.26% | -222.74% | 0.17x | 1.18x | $-2.44 Million |
| 2018 | 0.00% | 0.00% | 0.00x | 0.00x | $-6.32 Million |
| 2019 | 0.00% | 0.00% | 0.00x | 0.00x | $-507.09K |
| 2020 | -84.86% | -6542.56% | 0.01x | 1.11x | $-12.52 Million |
| 2021 | -224.50% | -1308.57% | 0.12x | 1.45x | $-35.00 Million |
| 2022 | -280.03% | -57.91% | 2.29x | 2.11x | $-25.51 Million |
| 2023 | 0.00% | -11.75% | 7.05x | 0.00x | $-11.11 Million |
Industry Comparison
This section compares TAAT Global Alternatives Inc's net assets metrics with peer companies in the Tobacco industry.
Industry Context
- Industry: Tobacco
- Average net assets among peers: $2,462,665,124,426
- Average return on equity (ROE) among peers: 12.22%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| TAAT Global Alternatives Inc (TOBAF) | $175.65K | -2.75% | 59.47x | $693.29K |
| American Cannabis Company Inc (AMMJ) | $2.00 Million | -35.50% | 0.52x | $92.90K |
| British American Tobacco p.l.c. (BTI) | $75.71 Billion | 8.80% | 1.03x | $123.65 Billion |
| 1606 Corp. (CBDW) | $-595.05K | 0.00% | 0.00x | $850.32K |
| Charlie's Holdings Inc. (CHUC) | $-1.78 Million | 0.00% | 0.00x | $6.72 Million |
| Cartel Blue Inc (CRTL) | $877.30K | -2.10% | 0.04x | $194.76 |
| Eco-Growth Strategies Inc (ECGS) | $-8.24 Million | 0.00% | 0.00x | $1.13K |
| PT Gudang Garam Tbk (GDNGY) | $24.55 Trillion | 20.20% | 0.59x | $1.07 Billion |
| Globrands Ltd (GLBGF) | $55.62 Million | 130.79% | 3.84x | $53.17 Million |
| Greenlane Holdings Inc (GNLN) | $-11.06 Million | 0.00% | 0.00x | $946.10K |
| Gold Flora Corp (GRAMW) | $-23.58 Million | 0.00% | 0.00x | $287.49K |