Truleum Inc.
Truleum, Inc., an independent energy company, engages in the development of domestic oil and gas resources in the United States. It holds interest in the Logan project that consists of well bores with developed and undeveloped proven and probable production in the Cherokee Uplift in central Oklahoma. The company was formerly known as Alpha Energy, Inc. and changed its name to Truleum, Inc. in Apr… Read more
Truleum Inc. (TRLM) - Net Assets
Latest net assets as of March 2024: $-3.02 Million USD
Based on the latest financial reports, Truleum Inc. (TRLM) has net assets worth $-3.02 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 ($1.95 Million) and total liabilities ($4.97 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 | $-3.02 Million |
| % of Total Assets | -155.02% |
| Annual Growth Rate | N/A |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | N/A |
Truleum Inc. - Net Assets Trend (2019–2023)
This chart illustrates how Truleum 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 Truleum Inc. (2019–2023)
The table below shows the annual net assets of Truleum Inc. from 2019 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | $-2.75 Million | -128.81% |
| 2022-12-31 | $-1.20 Million | +54.05% |
| 2021-12-31 | $-2.61 Million | -17.65% |
| 2020-12-31 | $-2.22 Million | -298.51% |
| 2019-12-31 | $-557.42K | -- |
Equity Component Analysis
This analysis shows how different components contribute to Truleum 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 702655500.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | $6.59 Million | % |
| Total Equity | $-2.75 Million | 100.00% |
Truleum Inc. Competitors by Market Cap
The table below lists competitors of Truleum Inc. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Oriental Food Industries Hold
KLSE:7107
|
$16.97 Million |
|
SVOA Public Company Limited
BK:SVOA
|
$16.98 Million |
|
Tonlin Department Store Co Ltd
TW:2910
|
$16.98 Million |
|
Mega Polietilen Kopuk Sanayi ve Ticaret AS
IS:MEGAP
|
$16.98 Million |
|
Origin Materials Inc
NASDAQ:ORGN
|
$16.97 Million |
|
Hipay Group SA
PA:ALHYP
|
$16.97 Million |
|
Ibraco Bhd
KLSE:5084
|
$16.96 Million |
|
GREEN360 Technologies Ltd
AU:GT3
|
$16.96 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Truleum Inc.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from -1,200,984 to -2,748,004, a change of -1,547,020.
- Net loss of 2,248,650 reduced equity.
- Other factors increased equity by 701,630.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-2.25 Million | -81.83% |
| Other Changes | $701.63K | +25.53% |
| Total Change | $- | % |
Book Value vs Market Value Analysis
This analysis compares Truleum 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 |
|---|---|---|---|
| 2019-12-31 | $-0.03 | $3.00 | x |
| 2020-12-31 | $-0.12 | $3.00 | x |
| 2021-12-31 | $-0.14 | $3.00 | x |
| 2022-12-31 | $-0.06 | $3.00 | x |
| 2023-12-31 | $-0.13 | $3.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Truleum 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: -1537.33%
- • Asset Turnover: 0.07x
- • Equity Multiplier: 0.00x
- Recent ROE (0.00%) is below the historical average (0.00%), 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% | -10120.08% | 0.43x | 0.00x | $-377.19K |
| 2020 | 0.00% | -163268.53% | 0.01x | 0.00x | $-1.76 Million |
| 2021 | 0.00% | -27891.07% | 0.02x | 0.00x | $-809.39K |
| 2022 | 0.00% | -584.77% | 0.16x | 0.00x | $-1.46 Million |
| 2023 | 0.00% | -1537.33% | 0.07x | 0.00x | $-1.97 Million |
Industry Comparison
This section compares Truleum Inc.'s net assets metrics with peer companies in the Oil & Gas E&P industry.
Industry Context
- Industry: Oil & Gas E&P
- Average net assets among peers: $1,751,793,864
- Average return on equity (ROE) among peers: -1.48%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Truleum Inc. (TRLM) | $-3.02 Million | 0.00% | N/A | $16.97 Million |
| Advantage Energy Ltd. (AAVVF) | $1.33 Billion | 0.83% | 0.33x | $922.80 Million |
| ADX Energy Ltd (ADXRF) | $4.37 Million | -14.30% | 0.01x | $9.58 Million |
| ARC Resources Ltd. (AETUF) | $3.40 Billion | 7.09% | 0.69x | $10.30 Billion |
| Aminex PLC (AEXFF) | $7.53 Million | -11.90% | 0.27x | $77.17 Million |
| Aker BP ASA (AKRBF) | $12.69 Billion | 14.40% | 2.32x | $6.29 Billion |
| Arkanova Energy Corporation (AKVA) | $-35.51K | 0.00% | 0.00x | $4.92K |
| Allied Resources Inc (ALOD) | $2.39 Million | -3.81% | 0.14x | $428.76K |
| Altex Industries Inc (ALTX) | $2.60 Million | -10.61% | 0.15x | $1.08 Million |
| Alvopetro Energy Ltd (ALVOF) | $66.14 Million | -10.76% | 0.04x | $117.02 Million |
| AMEN Properties Inc (AMEN) | $15.55 Million | 14.30% | 0.08x | $4.94 Million |