Optima Medical Innovations Corp
Optima Medical Innovations Corp. delivers pathways to innovative, science-based health, and wellness solutions. It offers solution for pain relief, wellness, and cancer therapy. The company was formerly known as Tree of Knowledge International Corp. and changed its name to Optima Medical Innovations Corp. in November 2021. Optima Medical Innovations Corp. is based in Toronto, Canada.
Optima Medical Innovations Corp (TOKIF) - Net Assets
Latest net assets as of September 2021: $3.15 Million USD
Based on the latest financial reports, Optima Medical Innovations Corp (TOKIF) has net assets worth $3.15 Million USD as of September 2021.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($6.50 Million) and total liabilities ($3.35 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 | $3.15 Million |
| % of Total Assets | 48.46% |
| Annual Growth Rate | 30.52% |
| 5-Year Change | N/A |
| 10-Year Change | 139.81% |
| Growth Volatility | 59.3 |
Optima Medical Innovations Corp - Net Assets Trend (2008–2020)
This chart illustrates how Optima Medical Innovations Corp's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Optima Medical Innovations Corp (2008–2020)
The table below shows the annual net assets of Optima Medical Innovations Corp from 2008 to 2020.
| Year | Net Assets | Change |
|---|---|---|
| 2020-12-31 | $3.31 Million | -46.52% |
| 2019-12-31 | $6.19 Million | -65.92% |
| 2018-12-31 | $18.16 Million | +12371.49% |
| 2017-12-31 | $-147.95K | -664.36% |
| 2016-12-31 | $-19.36K | -127.09% |
| 2015-12-31 | $71.46K | -86.42% |
| 2014-12-31 | $526.29K | -36.16% |
| 2013-12-31 | $824.40K | -28.69% |
| 2012-12-31 | $1.16 Million | -16.20% |
| 2011-12-31 | $1.38 Million | -16.64% |
| 2010-12-31 | $1.66 Million | +1235.45% |
| 2009-12-31 | $-145.76K | -207.69% |
| 2008-12-31 | $135.35K | -- |
Equity Component Analysis
This analysis shows how different components contribute to Optima Medical Innovations Corp'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 4596539517.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2020)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $42.29 Million | 1278.13% |
| Other Comprehensive Income | $4.63 Million | 139.86% |
| Other Components | $2.50 Million | 75.60% |
| Total Equity | $3.31 Million | 100.00% |
Optima Medical Innovations Corp Competitors by Market Cap
The table below lists competitors of Optima Medical Innovations Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Innovation1 Biotech Inc
OTCQB:IVBT
|
$4.49K |
|
Hempacco Co., Inc.
PINK:HPCO
|
$4.49K |
|
INNODIS LTD
SEM:HWF
|
$4.50K |
|
Aartech Solonics Limited
NSE:AARTECH
|
$4.50K |
|
Evolution Global Acquisition Corp Warrants
NASDAQ:EVOXW
|
$4.48K |
|
TJIWI KIMIA
MU:OB9
|
$4.48K |
|
PT Merdeka Gold Resources Tbk
JK:EMAS
|
$4.48K |
|
INTERTAINMENT
MU:ITN
|
$4.47K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Optima Medical Innovations Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2019 to 2020, total equity changed from 6,186,850 to 3,308,478, a change of -2,878,372 (-46.5%).
- Net loss of 3,961,057 reduced equity.
- New share issuances of 129,910 increased equity.
- Other comprehensive income increased equity by 3,624,673.
- Other factors decreased equity by 2,671,898.
Equity Change Factors (2019 to 2020)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-3.96 Million | -119.72% |
| Share Issuances | $129.91K | +3.93% |
| Other Comprehensive Income | $3.62 Million | +109.56% |
| Other Changes | $-2.67 Million | -80.76% |
| Total Change | $- | -46.52% |
Book Value vs Market Value Analysis
This analysis compares Optima Medical Innovations Corp'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: 0.01x
- 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 |
|---|---|---|---|
| 2008-12-31 | $0.04 | $0.00 | x |
| 2009-12-31 | $-0.01 | $0.00 | x |
| 2010-12-31 | $0.03 | $0.00 | x |
| 2011-12-31 | $0.01 | $0.00 | x |
| 2012-12-31 | $0.01 | $0.00 | x |
| 2013-12-31 | $0.01 | $0.00 | x |
| 2014-12-31 | $0.02 | $0.00 | x |
| 2015-12-31 | $0.00 | $0.00 | x |
| 2016-12-31 | $0.00 | $0.00 | x |
| 2017-12-31 | $0.00 | $0.00 | x |
| 2018-12-31 | $1.27 | $0.00 | x |
| 2019-12-31 | $0.14 | $0.00 | x |
| 2020-12-31 | $0.01 | $0.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Optima Medical Innovations Corp 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): -119.72%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -85.86%
- • Asset Turnover: 0.64x
- • Equity Multiplier: 2.18x
- Recent ROE (-119.72%) is below the historical average (-108.96%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2008 | -104.38% | 0.00% | 0.00x | 2.28x | $-154.82K |
| 2009 | 0.00% | 0.00% | 0.00x | 0.00x | $-1.66 Million |
| 2010 | -84.78% | -193.42% | 0.40x | 1.11x | $-1.57 Million |
| 2011 | -19.96% | 0.00% | 0.00x | 1.04x | $-413.38K |
| 2012 | -17.76% | 0.00% | 0.00x | 1.05x | $-320.95K |
| 2013 | -28.43% | 0.00% | 0.00x | 1.07x | $-316.86K |
| 2014 | -37.31% | 0.00% | 0.00x | 1.08x | $-248.99K |
| 2015 | -630.36% | 0.00% | 0.00x | 2.20x | $-457.60K |
| 2016 | 0.00% | -14078.92% | 0.01x | 0.00x | $-86.90K |
| 2017 | 0.00% | -19377.75% | 0.00x | 0.00x | $-122.79K |
| 2018 | -82.08% | -2144.60% | 0.03x | 1.14x | $-16.72 Million |
| 2019 | -291.62% | -328.33% | 0.53x | 1.69x | $-18.66 Million |
| 2020 | -119.72% | -85.86% | 0.64x | 2.18x | $-4.29 Million |
Industry Comparison
This section compares Optima Medical Innovations Corp's net assets metrics with peer companies in the Medical Care Facilities industry.
Industry Context
- Industry: Medical Care Facilities
- Average net assets among peers: $250,407,165
- Average return on equity (ROE) among peers: -38.80%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Optima Medical Innovations Corp (TOKIF) | $3.15 Million | -104.38% | 1.06x | $4.49K |
| Addus HomeCare Corporation (ADUS) | $113.86 Million | 16.82% | 0.44x | $1.75 Billion |
| agilon health Inc (AGL) | $126.73 Million | -319.84% | 9.03x | $166.17 Million |
| Airsculpt Technologies Inc (AIRS) | $123.68 Million | 6.13% | 0.45x | $16.62 Million |
| Amedisys Inc (AMED) | $454.23 Million | -18.40% | 0.61x | $3.26 Billion |
| AMN Healthcare Services Inc (AMN) | $347.86 Million | 23.54% | 1.53x | $624.22 Million |
| American Shared Hospital Service (AMS) | $20.85 Million | 8.48% | 1.33x | $7.93 Million |
| American Oncology Network Inc. (AONC) | $226.04 Million | -0.05% | 0.10x | $112.23 Million |
| Ardent Health Partners, Inc. (ARDT) | $1.08 Billion | 4.65% | 3.71x | $225.22 Million |
| Arem Pacific Corporation (ARPC) | $-45.09K | 0.00% | 0.00x | $246.12K |
| Astrana Health Inc (ASTH) | $8.55 Million | -109.27% | 1.29x | $1.08 Billion |