Triterras Inc
Triterras, Inc. operates as a fintech company in the United Arab Emirates, Singapore, Hong Kong, Malaysia, and internationally. It operates Kratos, a digital platform for trade finance and physical trading that connects and enables commodity traders and lenders to transact online. The company serves small and medium sized enterprises. Triterras, Inc. was incorporated in 2018 and is headquartered … Read more
Triterras Inc (TRIRF) - Net Assets
Latest net assets as of February 2023: $36.08 Million USD
Based on the latest financial reports, Triterras Inc (TRIRF) has net assets worth $36.08 Million USD as of February 2023.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($42.69 Million) and total liabilities ($6.61 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 | $36.08 Million |
| % of Total Assets | 84.53% |
| Annual Growth Rate | N/A |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 398.24 |
Triterras Inc - Net Assets Trend (2019–2022)
This chart illustrates how Triterras 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 Triterras Inc (2019–2022)
The table below shows the annual net assets of Triterras Inc from 2019 to 2022.
| Year | Net Assets | Change |
|---|---|---|
| 2022-02-28 | $144.34 Million | -1.48% |
| 2021-02-28 | $146.51 Million | +795.00% |
| 2020-02-29 | $16.37 Million | +840.22% |
| 2019-02-28 | $-2.21 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Triterras 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 grown by 2412138700.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (February 2022)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $21.91 Million | 15.18% |
| Common Stock | $8.32K | 0.01% |
| Other Comprehensive Income | $-282.00 | 0.00% |
| Other Components | $122.42 Million | 84.82% |
| Total Equity | $144.34 Million | 100.00% |
Triterras Inc Competitors by Market Cap
The table below lists competitors of Triterras Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
MONDADORI EDIT (MDD.SG)
STU:MDD
|
$19.65K |
|
PLI
WAR:PLI
|
$19.67K |
|
SINATEX SA BUCURESTI
RO:SINA
|
$19.68K |
|
Mobile Lads Corp
PINK:MOBO
|
$19.70K |
|
Plantarc Bio Ltd
TA:PLNT
|
$19.61K |
|
KB No.26 Special Purpose Acquisition Company
KQ:458320
|
$19.61K |
|
Logic Instrument S.A.
F:90I
|
$19.60K |
|
Investcorp Credit Management BDC Inc
NASDAQ:ICMB
|
$19.58K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Triterras Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2021 to 2022, total equity changed from 146,505,187 to 144,342,133, a change of -2,163,054 (-1.5%).
- Net income of 33,427,019 contributed positively to equity growth.
- Share repurchases of 35,589,791 reduced equity.
- Other comprehensive income decreased equity by 282.
Equity Change Factors (2021 to 2022)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $33.43 Million | +23.16% |
| Share Repurchases | $35.59 Million | -24.66% |
| Other Comprehensive Income | $-282.00 | -0.0% |
| Total Change | $- | -1.48% |
Book Value vs Market Value Analysis
This analysis compares Triterras 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 |
|---|---|---|---|
| 2019-02-28 | $-0.03 | $0.00 | x |
| 2020-02-29 | $0.53 | $0.00 | x |
| 2021-02-28 | $2.40 | $0.00 | x |
| 2022-02-28 | $1.88 | $0.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Triterras 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): 23.16%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 58.98%
- • Asset Turnover: 0.33x
- • Equity Multiplier: 1.18x
- Recent ROE (23.16%) is below the historical average (34.25%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2019 | 0.00% | -12.06% | 5.28x | 0.00x | $-1.82 Million |
| 2020 | 82.96% | 80.37% | 0.88x | 1.18x | $11.94 Million |
| 2021 | 30.89% | 81.58% | 0.27x | 1.42x | $30.60 Million |
| 2022 | 23.16% | 58.98% | 0.33x | 1.18x | $18.99 Million |
Industry Comparison
This section compares Triterras Inc's net assets metrics with peer companies in the Software - Application industry.
Industry Context
- Industry: Software - Application
- Average net assets among peers: $1,558,090,989
- Average return on equity (ROE) among peers: -47.81%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Triterras Inc (TRIRF) | $36.08 Million | 0.00% | 0.18x | $19.62K |
| Abaxx Technologies Inc (ABXXF) | $42.03 Million | -128.66% | 0.23x | $201.28 Million |
| Acceleware Ltd (ACWRF) | $2.15 Million | -4.58% | 1.86x | $8.62 Million |
| Adobe Systems Incorporated (ADBE) | $6.67 Billion | 12.49% | 0.51x | $104.01 Billion |
| Adcore Inc (ADCOF) | $9.73 Million | -22.96% | 0.49x | $3.03 Million |
| ADEIA CORP (ADEA) | $618.15 Million | -0.05% | 1.00x | $2.50 Billion |
| Automatic Data Processing Inc (ADP) | $6.19 Billion | 22.71% | 4.21x | $84.26 Billion |
| Autodesk Inc (ADSK) | $2.04 Billion | 12.11% | 1.11x | $48.93 Billion |
| Allied Security Innovations Inc (ADSV) | $445.50K | -270.60% | 3.60x | $0.93 |
| AudioEye Inc (AEYE) | $10.59 Million | -98.53% | 1.31x | $49.31 Million |
| Affinity Networks Inc (AFFN) | $-470.19K | 0.00% | 0.00x | $0.97 |